Category Archives: Main Page

JPM fixed income head: market optimistic before horror of data hits

Posted on May 1, 2020 by Danielle Park

JP Morgan Global Fixed Income head Bob Michele makes some sober statements in this 7-minute Bloomberg interview.  Worth a listen.   Here is a direct audio link. His team’s base case scenario sees the economic shutdown lasting nine months and U.S. … Continue reading →

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Bear market rallies offer exits from a burning building

Posted on April 30, 2020 by Danielle Park

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

Posted on April 29, 2020 by Danielle Park

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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