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Market News

Location American Market News for 27 March 2020
What The Coronavirus Stimulus Means For Student Loan Forgiveness Here's what you need to know.
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China's 4% GDP Plunge Is Trump's Nightmare

Forbes - 27 Mar 2020 13:50
China's 4% GDP Plunge Is Trump's Nightmare Trump's hopes of getting a traumatized economy "opened up" again by the time of the April 12 Easter holiday are due for a Chinese reality check. The U.S. is losing a $14.1 trillion market for American goods.
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The China Securities Regulatory Commission will allow Goldman Sachs and Morgan Stanley to move to 51% ownership of their local joint ventures, taking a key step in opening up the country's financial markets to Wall Stree...
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Here's How Much It Could Cost If We Stop Social Distancing Trillions may be lost.
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Fed Discloses BlackRock's Fees for Bond-Purchasing Program

Wall Street Journal - 27 Mar 2020 23:02
The firm has been hired to help in the effort to calm markets, but the Fed aims to reduce the chance BlackRock will profit unfairly from the contract.
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Stocks Pare Back Losses After Trump Signs $2 Trillion Coronavirus Stimulus Bill Stocks fell on Friday, but got some relief after Congress passed the largest economic aid package in U.S. history.
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Coronavirus Pandemic Biggest Test For European Union The EU has to get this pandemic right, or risk a rising number of euro skeptics who felt left behind by their leaders.
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Why Investors Should Look Beyond The Coronavirus Headlines Is the coronavirus crisis showing signs of improvement, or is it getting worse? Commonwealth CIO Brad McMillan says investors need to look beyond the headlines for answers.
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Retreat From Risk Boosts Treasurys

Wall Street Journal - 27 Mar 2020 20:28
A slump in corporate bonds reflects a mood of caution following a three-day rally in stocks and other riskier assets.
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New York Now Has Almost Half Of All Coronavirus Cases In The U.S. Another 7,377 cases were reported overnight, Cuomo said.
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Debt Moratoriums And Debt Forgiveness Only A Matter Of Time As Pandemic Worsens The global pandemic is making heavily indebted nations like Argentina choose between funding healthcare or paying bondlords. Guess who wins?
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Covid Stocks And The Three Bears

Forbes - 27 Mar 2020 18:48
Covid Stocks And The Three Bears Investors take note: bear markets are different and so are their recoveries.
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What To Do With Your Portfolio And 401(k) During The Coronavirus Bear Market The key is knowing what you can control...and focusing on that.
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Allianz Global Investors Liquidates Two Hedge Funds

Wall Street Journal - 27 Mar 2020 17:57
The investing unit of German insurer Allianz is liquidating two hedge funds after they took heavy losses in recent weeks on options trades.
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VIX Over 60 Makes FXY And GLD Defensive Options Trades Attractive Heading Into Weekend With the VIX over 60 heading into the weekend, we try to make sense of what options strategies you should be considering.
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April Market Outlook: Earnings Ahead, But The Numbers May Take A Back Seat Instead of checking baseball box scores and breaking down Q1 earnings results, investors are likely to spend April watching the case count.
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Banks Expect U.S. Crude's Worst Year Since 2003

Wall Street Journal - 27 Mar 2020 17:13
U.S. crude is set for its worst year since 2003, as the coronavirus pandemic drags oil demand lower in the second quarter, investment banks predict.
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Billionaire Leon Cooperman Thinks The Market Has Finally Bottomed. Is It Time To Buy? Cooperman is betting big on the energy sector.
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China's 'Health Silk Road' Gets A Boost From COVID-19 While the COVID-19 epidemic spread out of China along the routes of the Belt and Road (BRI), those same corridors are now being used to provide medical support as Beijing positions itself as a global leader in healthcare...
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America Will Come Out Of This Stronger Than Ever. It's Done It Before After 9/11, we tightened airport security. Hurricane Katrina improved crisis management and business continuity. The financial crisis cautioned us against overzealous lending, among other lessons.
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Who's Zooming Whom?

Wall Street Journal - 27 Mar 2020 15:54
Zoom has been one of the hottest stocks on the market this year--just not the Zoom you think. Shares of Zoom Technologies, a Chinese company that once made modems, have surged. But most of those buying likely think they ...
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Trump's Approval Rating Inches Up To 48%, But Most Believe He Was Too Slow To Address Coronavirus Outbreak 25% of Democrats and 88% of Republicans approve of Trump's response to the crisis.
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