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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Monthly Archives: April 2020
Bear market rallies offer exits from a burning building
Following the fastest 37% drop in stock markets ever (February 19 to March 23) short-covering and dip-buying bought a sharp bounce in April. Regret over losses quickly morphed to fear of missing gains as risky assets rallied and speculators piled … Continue reading
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Rosenberg: COVID-19 recession is 10x worse than 2008
As stocks and junky debt rebound on the dream that central banks can buy enough of them to single-handily keep markets defying economic math and levitating speculative longs indefinitely…this clip offers some big picture. The question is do workers, cash … Continue reading
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Sapiens: A Brief History of Humankind
Thanks to Tim for recommending that I read Sapiens: A Brief History of Humankind (2015) by Yuval Noah Harari. It’s worth the time. The cover note gives a good taste: “Fire gave us power. Gossip helped us cooperate. Agriculture made … Continue reading
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