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Hemorrhaging Resumes
Article By:
Marc Chandler
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Wednesday, April 1, 2020 7:14 AM EDT
There is no reprieve for investors. Equities are falling sharply. Nearly all the Asia Pacific markets slumped but Australia. Chinese markets fared better than most, but the Nikkei was off 4.5%, and India was down almost as much in late dealings.
US Stock Futures Tumble Ahead Of ADP, Manufacturing Reports
Stocks Tumble As Data Reveals Worsening Coronavirus Impact
Article By:
Adam Vettese
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Wednesday, April 1, 2020 6:17 AM EDT
Markets have started the quarter on the back foot after more worrying data from Asia overnight showed the impact of coronavirus on manufacturing. Unlike China’s modest gain a day before, numbers came in well below expectations across the board.
In this article: AXP, BCS, DIS, F, GM, HSBC, HD, SCBFF, LYG, RBS, HPQ, SAN, FCAU, BITCOMP, XRX, NTES, ADP
Hungary: PMI Plunges And It’s Just The Beginning
Article By:
ING Economics
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Wednesday, April 1, 2020 5:11 AM EDT
Hungary's PMI dropped to a lower level than that seen in the Great Recession, so we're a step closer to saying that our worst case scenario should actually be the base case.
Market Briefing For Wednesday, April 1
Article By:
Gene Inger
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Wednesday, April 1, 2020 4:32 AM EDT
Deleverage was in-the-cards before Covid-19 struck and now it occurs in a challenging and time-consuming manner; hence this tough period will not be over, quickly, even as we got our projected 'Inger Bottom' pattern, as well as extended rebound.
China Suffers Economic Double-Whammy As Current Global Demand Collapse Follows Earlier Supply Crash
Article By:
Tyler Durden
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Sunday, March 29, 2020 9:45 AM EDT
As the first quarter is about to close, many Chinese factories are still operating below full capacity, but have been gradually ramping up production over the last several weeks as government data suggests the country's pandemic curve has flattened.
Boeing’s Bean Counter Culture And Mass Financialization
Article By:
MN Gordon
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Friday, March 27, 2020 10:08 AM EDT
The scuttlebutt on Tuesday was that the government’s imminent coronavirus bailout package would earmark $60 billion to keep Boeing solvent. One would think that in its moment of striking failure the company would practice a little humility.
In this article: BA
The "Fallen Angel" Avalanche Arrives: S&P Downgrading Companies At Fastest Pace On Record
Article By:
Tyler Durden
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Thursday, March 26, 2020 11:29 AM EDT
Last week, the rating agencies - which during the financial crisis were accused, of being too slow to respond to the deterioration in credit fundamentals - vowed that they would be much faster in taking the hammer to credits due for a downgrade.
Markets Stop Short Of A Third Straight Day Of Gains
Article By:
Adam Vettese
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Thursday, March 26, 2020 9:02 AM EDT
Markets have had a softer open this morning following two straight days of gains, the first time this has happened since February. At present, these 1.5-2% losses are far less severe than we have seen in recent weeks.
In this article: SPX, SPY Also: BA, NKE, WMT, LGGNY, PSMMY, WHTPF, WIMHY, GILD, LULU, NFLX, DIA, BITCOMP, XRP-X, JDDSF, ARGGY
S&P Downgrades Ford To Junk - Biggest Fallen Angel Yet
Article By:
Tyler Durden
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Wednesday, March 25, 2020 5:46 PM EDT
This S&P move follows Moody's cutting Ford's long-term corporate family rating to Ba2 from Ba1 earlier in the day.
In this article: F
Home Construction Index Sends Important Signal To The S&P 500
Article By:
Chris Kimble
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Wednesday, March 25, 2020 7:45 AM EDT
The selling pressure this month in the housing index and the S&P 500 has both breaking below the lows of 2018. Where each index closes at the end of the month, will send very important long-term messages.