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Market News

Location American Market News for 10 March 2020
Forget about what the stock market is going to do. Instead, focus on what you, as an investor, ought to do.
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Is Bitcoin Really A Safe-Haven Asset?

Forbes - 10 Mar 2020 03:28
Is Bitcoin Really A Safe-Haven Asset? Bitcoin suffered substantial losses recently during times of macroeconomic turmoil. Will the cryptocurrency serve as a safe-haven asset going forward?
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The Fed's Main Policy Tool Is Already Effectively Out Of Commission Wall Street is now convinced the Fed will again have to cut interest rates to zero.
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Italy Plans Debt Moratorium to Cope With Coronavirus Lockdown

Wall Street Journal - 10 Mar 2020 16:51
Italy is planning to introduce a large-scale moratorium on debt repayments, including mortgages, to help families and businesses cope with the coronavirus outbreak.
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Markets Are Functioning, but It's Getting Harder to Trade

Wall Street Journal - 10 Mar 2020 16:20
Investors struggling to follow the wild swings in prices across financial markets are also having to cope with another issue: finding people to trade with.
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Stock Market: Don't Sell - Greed And Idiocy Created This Selloff - Greed And Wisdom Will Cure It Wisdom will replace the effects of idiocy, perhaps soon
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Some Muni Bonds Left Behind in Rush to Safer Investments

Wall Street Journal - 10 Mar 2020 11:30
Investors shy away from debt likely to be affected by the virus, such as travel and hospitality bonds.
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Biotech Stocks Stumble Despite Broad Market Rally

Wall Street Journal - 10 Mar 2020 23:51
The coronavirus outbreak initially spurred gains for drugmakers, but investors may be having second thoughts.
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Does It Make Sense To Buy Stocks Or SPY? It Is All About Dispersion. Is it time to buy Apple (AAPL), Tesla (TSLA), and Amazon (AMZN) or should you just stick to the SPDR S&P 500 ETF (SPY)?
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See How Shanghai, Hong Kong Hotel Traffic Has Collapsed Due To Coronavirus A digital heat map of Shanghai and Hong Kong hotels after large event cancellations. This will play out in Italy now and soon, the U.S.
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Corporate-Bond Payouts Grow in Uncertain Market

Wall Street Journal - 10 Mar 2020 22:20
On Monday, the extra yield that investors demand to hold U.S. corporate bonds over Treasurys increased by 0.3 percentage point.
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Investors looking for places to hide in the stock-market rout have few options.
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Here's When The Stock Market Will Recover, According To Historical Sell-Offs Stocks could fall even lower but history shows that the market typically recovers within six months.
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What Does Coronavirus Have To Do With Crashing Oil Prices? Russia And Saudi Arabia's Spat Explained. Saudi Arabia is prepared to ramp up production to more than 12 million barrels a day.
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How Enphase Energy Stock Could Bounce Back

Forbes - 10 Mar 2020 20:49
How Enphase Energy Stock Could Bounce Back Enphase Energy (ENPH) just pulled back to a bullish technical signal on the charts
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Wells Fargo CEO: Bank's Past Conduct Was 'Deeply Disturbing'

Wall Street Journal - 10 Mar 2020 20:49
Wells Fargo's new CEO, Charles Scharf, told Congress that the troubled bank is charting a new path to move past its yearslong sales-practices scandal.
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Fidelity Names New Finance Chief

Wall Street Journal - 10 Mar 2020 19:41
The financial firm named longtime executive Maggie Serravalli as the firm's new finance chief, succeeding Gerard McGraw.
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Coronavirus: How It Could Affect The Housing Market Concerns continue to mount over the potential spread, duration and deadliness of the coronavirus and any effects it could have on global economies. But what does this mean for the U.K. property market?
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Where Shorts Are Always in Season

Wall Street Journal - 10 Mar 2020 18:42
Heavily shorted Stitch Fix is clobbered again after disappointing results.
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Is the Coronavirus Infecting Your Investment Portfolio? The biggest one-day stock market drop in history didn't come from a business flaw or Wall Street malfeasance - it got a virus.
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Russia Proposes 'Putin Forever', Will Probably Get It Russian government votes in overwhelming favor to abolish term limits, setting up yet another term for Putin.
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Coronavirus Sell-Off Presents Tax-Loss Harvesting Opportunity Sell a security in your taxable account that's at a loss to take a tax benefit this year, and simultaneously buy a similar security to replace the one you sold to maintain your position in the market.
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