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[Reuters] Asian markets look to follow Wall Street rally as oil surges [Reuters] Oil falls on scepticism over Trump’s Saudi-Russia output deal [Reuters] China’s services activity shrinks further in March, job cuts fastest on record: Caixin PMI [CNBC] Coronavirus live updates: South Korea cases top 10,000, Singapore reports fifth death [Forbes] Why U.S. Housing Bubble 2.0 Is About To Burst… Read More
This Is What Economic Collapse Looks Like
Approximately ten million Americans have filed new claims for unemployment benefits over the past two weeks. To put that in perspective, the all-time record for a single week before this coronavirus pandemic hit was just 695,000. So needless to say, 6.6 million claims in a single week puts us in uncharted territory. Just check out this… Read More
When Bulls Are Over-Anxious to Catch the Rocketship Higher, This Isn't the Bottom
Everyone with any position in today’s market will be able to say they lived through a real Bear Market. In the echo chamber of a Bull Market, there’s always a reason to get bullish: the consumer is spending, housing is strong, the Fed has our back, multiples are expanding, earnings are higher, stock buybacks will push… Read More