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Another crazy week in the books.
The Dow had its best week since the Great Depression, while unemployment accelerated faster than any point in history.
This gave us the most ridiculous moment in the history of televised financial commentary https://twitter.com/jockey_desk/status/1248443354901131268?s=20
The Dow had its best week since the Great Depression, while unemployment accelerated faster than any point in history.
This gave us the most ridiculous moment in the history of televised financial commentary https://twitter.com/jockey_desk/status/1248443354901131268?s=20
In his second edition of the Macro weekly breakdown, @QWQiao injects another dose of pure signal straight into your brain https://messari.io/article/macro-weekly-2
The number of jobs that were lost over the last 3 weeks is almost half of what it was during the entire 2008 financial crisis https://twitter.com/SchiffSpencer/status/1248229898101063680?s=20
If you think that the bear market is over because World War V victory is in sight, think again.
Beating COVID19 will give us confidence to reopen the economy but when unemployment rises this fast, the market takes on average more than a year to recover. https://twitter.com/BittelJulien/status/1247482250519863297?s=20
Beating COVID19 will give us confidence to reopen the economy but when unemployment rises this fast, the market takes on average more than a year to recover. https://twitter.com/BittelJulien/status/1247482250519863297?s=20
But even then, the the jobless claims number isn’t painting the whole picture. https://twitter.com/DKThomp/status/1248362072750071809?s=20
Meanwhile, unemployment in India also surged… https://twitter.com/kaul_vivek/status/1247377977823784960?s=20
Real estate development in China plunged... https://twitter.com/TaviCosta/status/1248767234236805120?s=20
China is selling reserves to pay debt, as exports plunged... https://twitter.com/dlacalle_IA/status/1247475163895128065?s=20
Oil demand in the US plunged... https://twitter.com/dlacalle_IA/status/1248231436802338822?s=20
As observed by @IamNomad, the CME is considering negative prices for oil to be valid, because if oil becomes worthless people have to pay others to store oil... https://twitter.com/IamNomad/status/1247304245155713024?s=20
Retail sales plunged… https://twitter.com/AndreasSteno/status/1247822056915456001?s=20
Businesses’ demand for loans skyrocketed... https://twitter.com/LizAnnSonders/status/1247880955580141569?s=20
"I’m not trying to paint a picture of total economic collapse, but I simply cannot find any positive economic data." - @QWQiao
Meanwhile, the average consumer is still expecting a quick rebound in the market https://twitter.com/EconguyRosie/status/1247198124994703361?s=20
Meanwhile, the average consumer is still expecting a quick rebound in the market https://twitter.com/EconguyRosie/status/1247198124994703361?s=20
Even Wall Street is still being too optimistic: https://twitter.com/tracyalloway/status/1246952281716584448?s=20
Not to mention yet another piece of evidence that the market was heading bearish regardless of the pandemic: https://twitter.com/TaviCosta/status/1248048151140782081?s=20
The Fed knows how bad the situation is.
"Watch what they do, not what they say. J-Pow tries to look optimistic on TV, but his actions betray his words. He’s launching another bazooka" https://twitter.com/biancoresearch/status/1248231865192009729?s=20
"Watch what they do, not what they say. J-Pow tries to look optimistic on TV, but his actions betray his words. He’s launching another bazooka" https://twitter.com/biancoresearch/status/1248231865192009729?s=20
"The Fed is playing God again, picking winners and losers.
Not to mention they are breaking the spirit of the law by circumventing the Federal Act. At this point, no one should be surprised anymore if they decide to nationalize the stock market too." - @QWQiao
Not to mention they are breaking the spirit of the law by circumventing the Federal Act. At this point, no one should be surprised anymore if they decide to nationalize the stock market too." - @QWQiao
"This might just be the trade you were looking for, that few people are talking about" https://twitter.com/TaviCosta/status/1248341359133519872?s=20
For more macro takes from @QWQiao and crypto coverage from @twobitidiot and the Messari team, our free daily newsletter is the best source for new content.
More to come this week https://messari.io/newsletter
More to come this week https://messari.io/newsletter
ICYMI, here's part 1 from @QWQiao's macro weekly https://messari.io/article/macro-weekly
