A great rundown of big picture market moves, Fed and government spending, COVID news driving markets, and next weeks key data
Marc Chandler is back for a general recap on a wide range of market drivers. We start with a big picture look at US markets after the selloff last Thursday and general rebound this week. Then it’s a longer discussion on the roll of central bank easiness and government spending. These factors are undoubtedly supporting markets at the very least. We also discuss the COVID news that is leading to a bit of a selloff today. Finally a look ahead to two events/data points that need to be watched.
Dr. Anthony Fauci is finally admitting that the U.S. no longer to be in full-scale lockdowns to stem the spread of coronavirus.
“There is no reason for anyone right now in the United States, with regard to coronavirus, to wear a mask,” Fauci told Spectrum News DC on Feb. 14.
DE MASK……yourselves………….lol……..
Never whore a mask, ain’t gonna! ( that’s for the brainwashed)
Listening to Marc Chandler spouting words of wisdom is funny.
Good luck everybody. !
Investors could be looking at a ‘lost decade’ in the stock market, the world’s biggest hedge fund warns
Market Watch – June 18, 2020 – By Shawn Langlois
‘Even if overall profits recover, some companies will die or their shares will devalue along the way. Left with lower levels of profits and cash shortfalls, companies are likely to come out on the other side of the coronavirus more indebted.’
“That’s part of the reason why Bridgewater Associates, the world’s biggest hedge fund, issued a warning to clients this week that equity investors could be facing a “lost decade” in terms of returns.”
‘La la land?’ The stock market is ‘insanely disconnected’ and due for a ‘reckoning,’ Warren Buffett buff warns
Market Watch – June 18, 2020 – By Shawn Langlois
Those betting against this “absurdly overvalued” stock market are about to get paid, if Kevin Smith, Crescat Capital’s chief investment officer, has it right in his gloomy assessment.
“Speculation is rampant and being championed by a bold new breed of millennial day traders,” he said. “The mania is based on a widespread hope in Fed money printing. The catalysts for reckoning are numerous as a major cyclical economic downturn has only just begun.”
Rookie trader kills himself after seeing a negative balance of more than $700,000 in his Robinhood account
Market Watch – June 18, 2020 – By Shawn Langlois
“The stock market, particularly in its current state, is no place for amateurs.”
“Sullimar Capital analyst Bill Brewster delivered that message to followers in a heartbreaking Twitter TWTR, -1.84% thread in which he shared a family member’s tragic foray into trading.”
“Here’s the full story:”
I fear Fed money printing. But also fear day of reckoning may be a very long time coming..
Thank you Ex for yesterday’s Jaguar, Denison and SantaCruz comments and the youtube video re: SantaCruz.
Brent Johnson: Updating the Dollar Milkshake Theory and $5000 Gold
Palisade Radio – Jun 19, 2020 #AudioInterview
“Tom welcomes Brent Johnson of Santiago Capital back to the program to discuss his controversial “Dollar Milkshake Theory.” The name for this theory comes from the concept of extracting oil from a neighboring property by “drilling” a longer straw. The United States has this magic straw and regularly uses it to suck up the world’s capital. His theory’s controversial idea is that US equities are going to go to all-time highs along with a stronger US dollar at the expense of most foreign currencies.”
Fauci…………….NO NEED FOR LOCKDOWN………….just out
https://www.blabber.buzz/conservative-news/924562-finally-fauci-admits-widespread-lockdowns-not-needed-in-us-special?utm_source=c-alrt&utm_medium=c-alrt-email&utm_term=c-alrt-AOL&utm_content=85gI_sJ5QVpiDPv8pFI84oCxSprFfI7yoYQ9jPY11BAs.A