This is MASS LIQUIDATION! As traders and investors it’s our job to be cognizant of all the animals in the jungle – “When the elephants retrace their steps from the watering hole, small animals can get crushed.” – Victor Niederhoffer That sums up today’s morning trading activity. If the lockdowns, cancellations and coronavirus-related measures continue, Read more »
The financial markets and economic situation may be morphing into a potential severe credit event. Many have been insanely reaching for yield in the bond markets. The financial markets today are being driven by the Russia-Saudi Arabia geopolitical and oil market developments. This is all likely a movement to get removal of U.S. sanctions off Read more »
In addition to the coronavirus and its implications, the U.S. dollar is the big issue – ideally the dollar needs to weaken relative to emerging market currencies. Suggest watching both FRA Roundtable Insight podcasts from last week, with Dr. Lacy Hunt and with the 4 Horsemen: David Rosenberg, Yra Harris, Peter Boockvar and Jim Bianco. Read more »