Post whoosh pop and drop-part 2
Yesterday’s 5.09% ramp in the Dow Jones Industrial Average (DJIA) was the largest one-day gain since the end of the Global Financial Crisis.
Read MoreYesterday’s 5.09% ramp in the Dow Jones Industrial Average (DJIA) was the largest one-day gain since the end of the Global Financial Crisis.
Read MoreThe futures are likely to be down a bunch after the Chinese PMIs Friday and new cases of Covid-19 have been identified globally. My view remains the same as…
Read MoreThere is significant evidence mounting there is likely to be a sharp oversold rally. We note:
Read MoreDespite the dramatic decline in equities over the last week, our check of credit conditions shows that the current level of fear caused by Covid-19 has not led yet to…
Read MoreThe Covid-19 has now moved into full blown panic in the market. The S&P 500 (SPX) opened down 10% from the recent record high in just a week, representing one…
Read MoreThe S&P 500 (SPX) has dropped 6.28% over the past two sessions alone (Figure 1). This was the first 6% decline over a two-day period since the 6.13% drop in…
Read MoreThe correction in the markets over the past month that was masked by the mega-cap Info Tech stocks finally caught up the major market indices yesterday.
Read MoreOur weekly check of credit conditions still suggests there are no signs of stress in the credit markets which reinforces or view that any correction should be bought.
Read MoreOur weekly check of credit reinforces our view that any correction should be bought. Remember, recessions happen when companies need money and don’t have access to it or can’t afford…
Read MoreThere is so much commentary coming from both the bulls and the bears that appears very compelling. The bulls would argue the Coronavirus statistics are peaking, while the bears would…
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