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The Way Of The Tao Is Reversal
Article By:
Charles Hugh Smith
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Tuesday, May 12, 2020 4:21 AM EDT
We can summarize all that will unfold in the next few years in one line: The way of the Tao is reversal.
Financial Media Is In Denial About The Real Economy
Article By:
The Frugal Prof
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Tuesday, May 12, 2020 4:14 AM EDT
As most of you know, we began this crisis in a financial bubble. The Fed lowered interest rates while the stock market was at all time highs. A 20% dive in the stock market in September resulted in the “Powell Pirouette.
AUDUSD Daily Analysis – Tuesday, May 12
Article By:
ForexCycle
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Tuesday, May 12, 2020 4:05 AM EDT
AUDUSD failed to break above 0.6569 resistance and pulled back from 0.6561.
Economic Catastrophe: Millions Upon Millions Of Jobs That Have Been Lost Are Never Coming Back
Article By:
Michael Snyder
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Tuesday, May 12, 2020 4:01 AM EDT
Over the past 7 weeks, 33.5 million Americans have filed new claims for unemployment benefits.
Fed Will Start Buying Bond ETFs Tuesday; Blackrock To Make Over $15 Million In Fees
Article By:
Tyler Durden
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Tuesday, May 12, 2020 3:53 AM EDT
The New York Fed announced on its website that it expects to begin purchasing eligible ETFs - most notably the LQD and JNK - as part of its emergency lending programs in "early May."
Warnings Signs Still Build As Overheating Technology Stock Rise Again
Article By:
Michael J. Kramer
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Tuesday, May 12, 2020 3:50 AM EDT
The S&P 500 finished the day in the place it started, up just one basis point. It wasn’t a dull day by any means, with the S&P 500 opening sharply lower only to gain all the losses back, rising sharply, and finish the day at 2,930.
Post-COVID-19 Investment Themes
Article By:
Sunil Tinani
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Tuesday, May 12, 2020 3:41 AM EDT
Aside from changing the way we live and interact, COVID-19 seems all set to also change our investment strategies. New leaders are emerging and investors should latch on to them before they become expensive.
FX Daily: Czech FX Floor Fears Look Overdone
Article By:
ING Economics
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Tuesday, May 12, 2020 3:38 AM EDT
The Czech koruna weakened materially after a central bank board member said the Bank could intervene in the FX market and put a floor under the currency as a way to ease policy. We think this is unlikely though.
EURUSD Chart – Break Out From Range Area
Article By:
Frano Grgic
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Tuesday, May 12, 2020 3:34 AM EDT
EURUSD have break down from the range area. It has tested support level and daily trend line.
Treasury Secretary Warns Of ‘Permanent Economic Damage’ If US Doesn’t Reopen
Article By:
GSI Exchange
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Tuesday, May 12, 2020 3:07 AM EDT
Treasury Secretary Steven Mnuchin said on May 10 that reopening the economy must be done in a strategic way, but he stressed that “permanent economic damage” might be done if lockdown measures aren’t lifted.
Market Briefing For May 12
Article By:
Gene Inger
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Tuesday, May 12, 2020 2:56 AM EDT
The S&P continues fluctuating in the targeted zone shy of 3000. A number of technicians now see this S&P trading range, and argue about extent of downside risk, rather than upside potential.
