If you've been following your financial advisor's advice of "invest for the long term" for the last several years you've been living fat, dumb and happy...until now.
Last Friday, around the time of the quad-witching collapse which sent the S&P to levels not seen since Trump's inauguration, amid the flurry of headlines bombarding shell-shocked traders, was one that was particularly ominous if bizarrely incomplete.
Thank you, Secretary Mnuchin. I want to commend you for your outstanding leadership in working with the President and Congress to develop a comprehensive response to the impact of the COVID-19 (coronavirus) pandemic on our nation's economy.
This Is Why The Fed Bailed Out The Bond Market
It's been a tough year for hedge funds so far. In fact, truth be told, it's been a tough few years as the incessant flood of free money into markets has made 'masters of the universe' of the dumbest investors and dummies of the smartest investors as
Stocks tumbled into the bell after Sen. Bernie Sanders (I-VT) became the latest lawmaker to threaten to hold up the coronavirus stimulus package "until stronger conditions are imposed on the $500 billion corporate welfare fund."
In mid-February, The Dow was up almost 60% from Trump's election...and now, it's gone.
On the day when The Fed unveils it will be buying agency MBS and CMBS (along with IG corporate debt) in unlimited size "to maintain the smooth functioning of markets," The Wall Street Journal reports that for at least one major mortgage investor - it
Back in March 2017, a bearish trade emerged which quickly gained popularity on Wall Street, and promptly received the moniker "The Next Big Short."
As Bill Ackman babbles about 'hell on earth', and Ray Dalio commits billions of dollars to pay the bills of health care workers (please take this report with a grain of salt) as his firm's flagship fund was reportedly blindsided by the selloff...
The Fed unveiled its ultimate bazooka today - unlimited buying of pretty much any- and every-thing until this all calms down.
The Federal Reserve said Monday it will launch a barrage of programs aimed at helping markets function more efficiently amid the coronavirus crisis.
Update: ignore all of the below, because moments ago, with futures near limit down, the Fed announced it would pursue an unprecedented open-ended QE, which helped push futures sharply higher and are now green on the session.
The damage done to markets will act as a barrier to higher stock prices in the future.
In slashing its key interest rate to zero in response to the economic calamities imposed by all levels of government ostensibly to fight the coronavirus, the Federal Reserve System is trying to regenerate the crashing stock market.
And "Jobless Filings Are Growing Geometrically"
Sen. Dianne Feinstein of California and three of her Senate colleagues reported selling off stocks worth millions of dollars in the days before the coronavirus outbreak crashed the market, according to reports.
There is just one word to describe fund flows over the past week: sheer, unadulterated panic, and this time instead of dumping equities investors are also puking fixed income left and right.
This has been the sharpest market selloff in history...
Back in December, someone in China made bat soup (at least according to the officially accepted narrative that doesn't get you banned on Facebook, Twitter, etc), and the rest is history: in the next three months, the global equity market has lost $24
"How beauteous mankind is! O brave new world that has such people in it.."
On the face of it, financial markets are having an upbeat day. You don't, and shouldn't, have to believe that this signals the end of the financial challenges that the global economy still faces and yet welcome it.
While we have certainly had our share of dismal fund returns in the past two weeks, in the aftermath of a market crash that is now worse than the Great Depression, so far one thing was missing: a big blow up, where a fund is margined out and forced t
Despite The Fed's biggest asset-purchase week ever, US equity markets refuse to hold a bid.
Our money's clean! Republican senators who dumped stocks after private briefings on coronavirus claim they did nothing wrong - and one says he was just following what was on TV even though he got SECRET info from spies
The Great Panic of 2020 is already one for the history books. Yet the damage has only just begun.
- Nomura Sees Today's Quad Witch Ending The 'Mechanical Sell Flow'
"We're Not Sure What's Going On": Markets Hit "Sell Everything" Moment After "Largest On Record" 8-Sigma Crash
Dear Investors: Are you looking for securities to buy to take advantage of the carnage in the financial markets from the coronavirus?
As Goldman further explained, as volatility spiked, electronic futures liquidity has fallen to the point where there has been a median of just 10 contracts, representing $1.5mm notional, on the bid and ask of E-mini futures screens over the past week