Market News
Divergence in Oil Prices Shows Collapse in Demand
Wall Street Journal - 8 Apr 2020 16:03
The price of Dated Brent, a key gauge of the market for oil cargoes in the North Sea, has been at least $5 a barrel lower than the price of Brent-crude futures since March 24.
Hedge Fund Star Behind 4,000% Coronavirus Return Peers Into Crystal Ball
Wall Street Journal - 8 Apr 2020 13:00
Mark Spitznagel's Universa Investments made a crazy return offering a hedging strategy that serves as an insurance policy against extreme market events, but he tells investors that he has no idea what will come next.
Airbnb Paying More Than 10% Interest on $1 Billion Financing
Wall Street Journal - 8 Apr 2020 02:22
Airbnb Inc. agreed to pay its new investors interest at a rate of more than 10%, and to strengthen its leadership, in return for the $1 billion in additional funding announced Monday, according to people familiar with th...
How COVID-19 Killed The Stock Buyback Program
Forbes - 8 Apr 2020 16:05
The COVID-19 pandemic may have torpedoed one of corporate America's favorite activities: Buying back their own shares.
Pinterest Becomes an Unlikely Social Climber
Wall Street Journal - 8 Apr 2020 02:32
Amid a global pandemic, Pinterest seems to have become a popular virtual destination for confined consumers and cash-conserving advertisers alike.
Here's How Bad The U.S. Labor Market Gets Whacked This Week
Forbes - 8 Apr 2020 22:58
One million people have been laid off per day over the last three business weeks.
Bitcoin Volatility Reached A 6-Year High In March
Forbes - 8 Apr 2020 22:38
Bitcoin's price volatility surged in March, rising sharply as the digital currency suffered severe losses amid a widespread sell-off in assets.
How Sustainable Is This Rally?
Forbes - 8 Apr 2020 22:23
In my March 25th article for Forbes, entitled US Stocks: How Low Can You Go?, I pointed out that extremes in price momentum and volatility were characteristic of emerging intermediate term market bottoms.
Here's Where Lawmakers Stand On The 'Phase Four' Stimulus Bill
Forbes - 8 Apr 2020 21:55
Democrats want to move fast, but Republicans want time to assess the CARES Act before implementing "phase four" legislation.
Trump's Coming Oil Shock: Shale Can't Cut Enough To Save Itself
Forbes - 8 Apr 2020 20:59
Shale Has Its Own Problems What President Trump and Senators from the oil-producing states have not realized is that the U. S. shale oil industry has been suffering before Corona, and before Saudi Arabia increased produc...
Maybe The U.S. Should Delay Virtual G20 Oil Meeting
Forbes - 8 Apr 2020 20:34
If Russia continues to indicate that it will disappoint with OPEC+ and scapegoat the U.S., the U.S. should call for a delay of Friday's G20 meeting.
Ray Dalio: 'We're Heading Into A Great Depression'
Forbes - 8 Apr 2020 20:34
The owner of the largest hedge fund in the World issues a grim warning.
COVID-19 Panic Sparks Record-Breaking Gold Buying Binge During First Quarter
Forbes - 8 Apr 2020 20:21
No other quarter has seen as much cash flow into bullion ETFs
How Traders Should Mine The CARES Act For Tax Relief & Aid
Forbes - 8 Apr 2020 19:47
The CARES Act provides tax relief and economic aid to employees, independent contractors, sole proprietors, and other types of small businesses. However, traders don't fit into usual small-business categories, so there a...
Federal Reserve Will Lift Asset Cap On Wells Fargo For Small Business Stimulus Loans
Forbes - 8 Apr 2020 18:27
The Fed imposed the cap in 2018 after Wells Fargo's fake account scandal.
Time to Make a Buck, Roger
Wall Street Journal - 8 Apr 2020 18:23
President Trump gives a green light for Americans to make money in outer space.
Get Ready For Single-Digit Gut Plays
Forbes - 8 Apr 2020 16:20
Nobody on Wall Street talks about gut plays, when you shove your chips into the pot and hope against hope that your three-cowboys hand is the winner.
Far Flung Local Currency Bonds Whip Back on Investors
Wall Street Journal - 8 Apr 2020 15:43
Investors flooded into the domestic bond markets of many emerging economies over the past decade, seeking higher returns than they could get at home. But the coronavirus selloff has put that money into fast retreat.
Roller Coaster Ride Keeps On Running, With Tuesday's Bumpy Action Offering More Proof
Forbes - 8 Apr 2020 15:35
The market faces a test with a three-day weekend ahead. Rallies are getting sold and investors tend to be nervous holding onto long positions. The next two days might show if there's true conviction among the buyers.
Why Won't The Fed Help States Facing A COVID-19 Cash Crisis?
Forbes - 8 Apr 2020 15:34
The muni bond market is worth nearly $4 trillion, but the Fed has been reluctant to jump in.
Italian Bond Yields Rise as Europe Signals Lack of Cohesion
Wall Street Journal - 8 Apr 2020 14:58
Questions arose about the eurozone's willingness to support Italy through the coronavirus crisis after EU finance ministers failed to agree on a collective response.
The Curious Popularity of China's Banks
Wall Street Journal - 8 Apr 2020 14:45
Bank stocks are out of favor in New York and London as investors worry about bad loans and banned dividends. In Hong Kong, though, Chinese investors seem hopeful that large lenders will be just fine.