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Cory’s Chart Corner
Many 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.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Daily Archives: June 15, 2020
COVID-19 complacency reviving the spread
At the grocery store yesterday morning, I was one of just three people wearing a mask, a noticeable reduction from the norm a couple of weeks ago. This virus does not care if we believe in it or are sick … Continue reading
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IMF: global downturn worse than forecast in April
COVID-19 complacency is spreading so resurgence is sure to follow. As cities, states and provinces move to re-open and slack distancing rules, the number of people wearing masks is falling and front-line doctors are worried. Last week, the top U.S. … Continue reading
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