Just in case the NYSE trading floor, which in the past decade became better known for being a TV studio for various financial networks wasn't enough of a ghost town, starting Monday not a single trader, or TV anchor, will be present at the historic d
It's definitely a 'deer in headlights' day...
US stock markets enjoyed another Tuesday rebound with the announcement of even more monetary stimulus from the Fed and the hope of government fiscal stimulus and bailouts (only to tumble back limit-down today).
Update (1420ET): The Dow Jones Industrial Average is now down over 10,000 points from its record high, breaking below 19,000 for the first time since 11/22/16...
Investors continued to flee as fast as they could from risk assets yesterday, with markets getting completely annihilated as the fallout from the coronavirus continues to intensify.
Mike Maloney explains what is happening now over a year ago in February 2019 - Learn to Use FreedomsPhoenix 'Time Machine' (How did FreedomsPhoenix Know?... Ahhh... How did Not Know? How to use FreedomsPhoenix TO KNOW...)
Mike Maloney explains what is happening now over a year ago in February 2019 - Learn to Use FreedomsPhoenix 'Time Machine'
After yesterday's hope-filled day of gains on massive monetary and fiscal largesse, futures traded limit-down overnight and ETFs signaled a 6.5-7% loss in the pre-market but bounced to the futures-limit-down level at the open
19,898.92-1,338.46 (-6.30%) At close: 4:20PM EDT
Markets Keep Crashing Despite Fed Taking Interest Rates to Zero
For The 3rd Time This Month, We Just Witnessed The Largest Single Day Point Crash In Stock Market History
Earlier today, when discussing the launch of the "Lehman crisis playbook" in response to the Global Covid Crisis, we listed the alphabet soup of measures the Fed may launch which are a replica of the measures adopted in the aftermath of the Lehman co
The money spigots are on. As expected.
The stock market is rallying, VIX is falling, and bond yields are rising modestly following The Fed's decision to reinstate its Commercial Paper bailout facility (CPFF).
Unless the Federal Reserve is purposely attempting to spread panic on Wall Street, the decisions that the Fed just made don't make any sense at all.
Here Is What Goldman Told 1,500 Clients In Its Emergency Sunday Conference Call
Bridgewater Puts On $14 Billion Short
Here Is One Bank's Answer
CNBC Anchors Melt Down, Beg For Market Closures On Twitter
With Europe reeling under the weight of a record number of new coronavirus cases, especially in Italy and Spain, both countries announced today they they are banning short selling for the foreseeable future.
The Fed may have a very big problem on its hands.
With the Fed's cutting rates three days ahead of the regular Wednesday FOMC announcement by 100bps to 0%-25bps, while also announcing a fresh $700BN QE as well as enhanced FX swaps,
The rate cut of 100 basis points (1%) follows a cut two weeks ago by 50 basis points (0.5%). The rate will now be within a target range of 0% to 0.25%.
Now that the Fed has fired what appears to be its final bazooka - at least until it cuts rates to negative and/or buys stocks/oil outright should we end up with a full blown financial panic/crisis - the market's attention will be on whether the Fed h
With Wall Street desperate for the Fed to announce emergency measures on Sunday (after disappointing last week), and ideally before the futures open, Jerome Powell did not disappoint and moments ago the Fed announced a barrage of emergency measures
Two of largest quarterly declines in economic activity during the post war period occurred during a financial crisis and a widespread cessation of consumer and business activity triggered by uncertainty (and panic) following the federal government an
In the aftermath of Saudi Arabia's declaration of an oil price war last weekend, which sent the price of crude tumbling about 30% overnight, and making profitability life for US E&P companies virtually impossible, it didn't take long for US shale pro
Could You Bake Your Own Breads Or Feed Yourself Without A Grocery Store?