Markets have endured roller coaster ups and downs for weeks amid uncertainty over how much damage the outbreak of the new coronavirus will do to the global economy.on Friday. The rise in the number of infections globally, along with ongoing disruptions to supply chains threatens to have a"deeper and longer-lasting restraint" on U.S. growth, Lindsey Piegza, chief economist at Stifel Nicolaus, said in a note.
Rumors that Chinese officials might be overstating the extent to which local businesses are getting back to work also were undermining confidence, traders said.
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Stock market live Thursday: Dow plunges nearly 1,000, stocks in correction, 10-year at record lowJeffrey Gundlach thinks there will be another 50 basis point rate cut at the Fed’s next meeting, but the Fed will not go to negative interest rates. “Negative interest rates in the United States would be a complete disaster for the financial system.” how low can ya go? This is ridiculous. Hey how about no more of this guy on TV?
Source: CNBC - 🏆 12. / 72 Read more »
Stocks have no idea how to react to coronavirus: Dow tumbles againThe Dow opened down 700 points, or 2.6%, lower, setting up the day for another session of dramatic losses Boo ‘Fucking’ Hoo When will realDonaldTrump talk about this? Investors know that Trump’s handling of the coronavirus is not moral nor profitable.
Source: cnnbrk - 🏆 393. / 55 Read more »
Stock market live updates: Dow drops 850, travel stocks sink, 10-year below 1%“Bond King” Jeffrey Gundlach says he thinks the Fed will cut rates again, “perhaps even in two weeks,” following this week’s emergency 50 basis point cut. 🤔🤔 Rates are headed below zero all over the world
Source: CNBC - 🏆 12. / 72 Read more »
Stock market live updates: Dow plunges 1,000, 10-year at record low, stocks in correctionStock market live updates: The Dow dropped as much as 1,000 points at session lows, and the yield on the 10-year Treasury note fell to an all-time low of 0.899%. Your last guest suggest the government step in and start buying equities, like a rich person's socialism? Wtf? So much for lassiez faire Finally, the markets woke up to realities of how Trump can really fuck up handling of the Coronavirus crisis. The bubble may finally burst. Markets are falling because of Biden's Super Tuesday win
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Source: CNBC - 🏆 12. / 72 Read more »