Making economic or market comparisons to the Great Depression is almost always ridiculous…until now that is.
The daily price swings we’ve seen in the last month were beginning to rival what happened during the 1929-1932 period. The worst 10 daily returns since the late-1920s are dominated by the Great Depression, 1987, the Great Financial Crisis and this month.
As the number of confirmed COVID-19 cases continues to skyrocket, healthcare researchers around the world are working to defeat the virus. The post Every Vaccine and Treatment in Development for COVID-19, So Far appeared first on Visual Capitalist.
The number of COVID-19 cases around the world continues to grow, but each country has a different infection trajectory. This chart tells the story. The post Infection Trajectory: See Which Countries are Flattening Their COVID-19 Curve appeared first on Visual Capitalist.
According to John Sheehan, the recent selloff in Investment Grade fixed income was exacerbated by technical factors. In his view, regulatory changes implemented after the 2008 crisis removed a critical shock absorbing mechanism that caused spreads to spike.
A visual breakdown of the CARES Act, the $2 trillion package to provide COVID-19 economic relief. It's the largest stimulus bill in modern history. The post The Anatomy of the $2 Trillion COVID-19 Stimulus Bill appeared first on Visual Capitalist.
I suppose I should be used to it by now. Last week's initial jobless claims spiked to 6.6 million, and the March headline Non-Farm Payroll printed at a dismal -701K. The unemployment rate would have been even worse had the participation rate not fallen and depressed the size of the labor force. My desk has been flooded with bear porn.Wall Street economists are racing to downgrade their Q2 GDP…
How should investors think about the economy and asset values when faced with unprecedented uncertainty surrounding the effects of the coronavirus and a complete absence of guidance from analogies to the past? Read Howard Marks’s latest memo, in which he lays out the views of both the optimist and the worrier.
The following note is addressed to short-term traders with time horizons of a week or less. I would like to highlight some three bullish, and one cautionary data points.First, the latest update of the Citi Panic/Euphoria Model is solidly in panic territory. This is contrarian bullish, but recognize that the bullish call is based on an intermediate term time horizon.The full post can be found here.
The historic US fiscal aid package isn’t a quick fix, but it provides welcome relief and will make it easier for the US economy to rebound when the coronavirus crisis eases. More important, it shows that Congress is willing to act swiftly and dynamically.