Monday’s News Links

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[Reuters] Shares drop, gold surges as investors scurry for safety [Yahoo/Bloomberg] Oil Slumps Most in Two Weeks as Global Virus Spread Quickens [Reuters] Global spread of coronavirus raises pandemic fears [CNBC] Coronavirus live updates: China reports additional 150 deaths, South Korea cases surge [Reuters] Closed museums, mask buying spree amid S.Korean surge in coronavirus [Bloomberg] South Korea Braces for Economic Pain… Read More

This Coronavirus Outbreak Just Took Some Bizarre New Turns

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COVID 19 Pandemic Public Domain 540x360 1

Many were hoping that this coronavirus outbreak would begin to subside, but instead we witnessed an explosion of newly confirmed cases over the weekend.  In fact, the number of confirmed cases outside of China has doubled over the past five days.  If that number continues to double very rapidly, authorities will be talking about a… Read More

Sunday’s News Links

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[Reuters] Concern over coronavirus spread grows with cases jumping in South Korea, Italy and Iran [Reuters] China braces for inevitable big hit to economy from virus, says Xi [Reuters[ G20 finance heads wrap up meeting overshadowed by virus outbreak [CNBC] Coronavirus live updates: Turkey closes Iran border due to outbreak, South Korea confirms sixth death [Bloomberg] Millions of Chinese Firms… Read More

Saturday’s News Links

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[CNBC] New coronavirus cases in Iran, Italy fuel concerns the disease cannot be contained [Reuters] New coronavirus cases fall in China but fears grow over global spread [Reuters] Markets underprice coronavirus risk: UBS chairman on Bloomberg TV [AP] India, US struggling to bridge trade dispute as Trump visits [CNBC] Crazy speculative trading is driving some stocks inexplicably higher, a ‘late… Read More

Weekly Commentary: Pandemic Risk Rising

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Coronavirus cases in China have surpassed 76,000. Deaths have reached 2,345. The number of new cases has slowed markedly, perhaps owing to repeated changes in the methodology of counting infections. Developments elsewhere are less encouraging. Plans have been drawn to add 19 temporary hospitals in Wuhan. There are reported cases of Chinese being re-infected after… Read More

LEVERAGED ETF LESSON

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20200213 whaddya 1

Sometimes, after highlighting a futures market trade opportunity, I get an email from a reader asking if they can put that trade on using levered ETFs.  My answer is always the same – levered ETFs are fine for short-term trading, but you never want to hold them for a long period of time! Levered ETFs… Read More

Friday’s News Links

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[AP] Asian markets retreat amid worries of coronavirus’ spread outside China [Reuters] Flight to safety leaves yen behind as fears grow of coronavirus spreading [Reuters] China says January-February trade to take sharp hit from virus outbreak [CNBC] Coronavirus live updates: China reports 118 more deaths, South Korea cases spike to cross 150 [Reuters] As Japan coronavirus concerns grow, hundreds to… Read More

"GREEN" BUBBLE CANDIDATES

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20200220 soylent

The other day I asked readers to send in their favourite candidates for what I believe will be the next mania – “green” technology. When I wrote the original article, “THE COMING GREEN BUBBLE“, I mistakenly conflated ESG compliant companies with “green” technology companies.  Just to make sure there is no confusion – I am… Read More

Thursday’s News Links

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[Reuters] Asian stocks slip as virus’ global impact puts markets on edge [CNBC] Coronavirus live updates: Japanese media say two passengers from Diamond Princess cruise ship die [Reuters] China cuts benchmark lending rate to prop up virus-hit economy [Bloomberg] Euro Is Swept Up in Global Funding Frenzy and Set for More Pain [Bloomberg] South Korea Posts Surge in Coronavirus Cases… Read More

THIS YEN DECLINE IS DIFFERENT

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20200219 explain

I had planned on writing my “green” bubble candidate post today, but then the Yen went and had its third biggest move in the past couple of years. You might be saying, “so what?  Currencies move all the time.  Why is this move important?” Yen declines are typically associated with risk-on environments, so when the… Read More

Wednesday Evening Links

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[CNBC] S&P 500 rises to an all-time high as tech shares lead, Dow gains 150 points [Reuters] Dollar index surges to near three-year high as yen dips on stronger risk appetite [Reuters] European shares hit record high on drop in new virus cases, hopes of China stimulus [CNBC] Fed officials feel rates are likely to stay where they are,… Read More

Wednesday’s News Links

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[Reuters] Asian shares nudge up as virus spread slows, euro fragile [Reuters] Oil inches higher, but gains capped by widening economic impact of coronavirus outbreak [Reuters] Foreign inflows into U.S. Treasuries in 2019 hit largest in 7 years: data [Reuters] Japan’s exports, machinery orders fall as virus risks grow [Reuters] Record Wall Street rally triggers boom in options [Reuters] Cost of… Read More

Tuesday Afternoon Links

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[Reuters] Wall Street skids after Apple’s shock sales warning [Reuters] Gold back above $1,600/oz as Apple’s virus warning lifts safety demand [CNBC] Coronavirus live updates: Sanofi working on vaccine with US health agency, Jaguar faces parts shortage [Reuters] U.S. imposes new rules on state-owned Chinese media over propaganda concerns [CNBC] ‘Chernobyl-like’ response by China means ‘worst is yet to come’… Read More

TIME FOR A STAB ON THE DARK SIDE

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20200218 shorteverything

Remember the weekend of February 1st-2nd?  It was the weekend when the market hit its most emotional point regarding the Chinese flu situation.  Within the financial community, talk about conspiracies and all other sorts of crazy theories were flying around.  Reading my twitter feed that weekend felt like the world was about to end.  The… Read More

Tuesday’s News Links

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[Reuters] Stocks fall after Apple warns on coronavirus impact [Reuters] Oil prices fall as market weighs coronavirus demand impact [Reuters] China regulator says epidemic’s impact on industry ‘major’ in February [CNBC] Coronavirus live updates: Director of hospital in Wuhan, China dies [Reuters] China to accept tariff exemption requests on 696 U.S. goods from March 2 [Bloomberg] How Fast Can China’s Economy… Read More

Monday’s News Links

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[CNBC] Chinese stocks up more than 1%, rest of Asia mixed as investors assess coronavirus impact [Reuters] Oil prices slip ahead of data pointers on impact of coronavirus on demand [Reuters] China’s home price growth hits near two-year low as coronavirus spreads [CNBC] Coronavirus live updates: Hunt on for all passengers of cruise ship docked in Cambodia as one… Read More