The Weekly Bottom Line: COVID-19 Ends the Longest Expansion in U.S. History
U.S. Highlights The S&P 500 is on track to end the week flat, erasing some earlier momentum as economic data and earnings reports released throughout the week revealed the extent of the pandemic’s impact. The U.S. economy contracted by 4.8%...
Forward Guidance: Hard Data for Hard Times
This week gave us no shortage of survey evidence that economic activity plummeted in many countries in April. European economic sentiment tanked to financial crisis lows and US manufacturing PMIs were down sharply. In Canada, manufacturing sentiment fell to a...
Week Ahead: The Reopening
The better we do; the less people will be infected! Heading into the end of April, there was a lot to look forward to: the plethora of month end economic data, earnings, Central Bank meetings, and the recent collapse of...
April’s jobs report showing millions out of work looms large in the week ahead
A person walks at the Wall Street subway stop on April 23, 2020 in New York City. Angela Weiss | AFP | Getty Images Investors will focus on the slow reopening of the economy in the coming week, as Friday’s...
Here’s what to expect from Warren Buffett during Berkshire Hathaway’s first virtual annual meeting
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc The India Today Group | Getty Images This year’s Berkshire Hathaway shareholder meeting will be like no other as investors look for insight on how the conglomerate will move forward from...
USD/CAD and WTI Correlation Unreliable; Macklem in as New BOC Governor
Many times, USD/CAD has been discussed in the context of its relationship with Crude Oil. We are no exception; as many times we write how a move in USD/CAD can be attributed to a move in WTI Crude Oil. The...
This pregnant Goldman Sachs trader says Wall Street will never be the same after the coronavirus
Moran Forman of Goldman Sachs, 33, in her home office in the Chelsea neighborhood of New York. Source: Goldman Sachs Each weekday morning, Moran Forman wakes up in her Chelsea apartment, takes a few steps to a spare bedroom and...
GBPAUD Bulls Retake Control Around the 200-day SMA
GBPAUD is currently pushing up against the 100-day simple moving average (SMA) at 1.9460 after a bounce near the 200-day SMA’s region, which ultimately kept intact the medium-term positive outlook. Looking at the short-term oscillators, they paint an optimistic picture....
May Starts in Risk Aversion, Yen and Franc Surge
Yen and Swiss Franc surge broadly today as risk aversion seems to be back as May starts. Warnings from Amazon and Apple are cited as the reason for the decline in US futures. On the other hand, Chinese is trading...
Special opportunity funds take advantage of the stress through loan to own
Regulators may be granting forbearance from recognizing loan impairments to keep credit flowing, but European banks’ large first-quarter loan loss reserves still exceeded analysts’ expectations. HSBC took a $3 billion charge for the quarter and could reserve from $7 billion...
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