Trump Praises Wisconsin Supreme Court’s Decision To Strike Down Lockdown Order: Virus Updates

Trump Praises Wisconsin Supreme Court’s Decision To Strike Down Lockdown Order: Virus Updates Tyler Durden Thu, 05/14/2020 – 07:36 Summary: UK & Italian numbers are out German new infections hit 5-day high Trump praises Wisconsin Supreme Court decision Trump sits for interview with Maria Bartiromo Trump: ‘I wonder what would happen if we cut ties with China?’ Wisconsin Supreme Court strikes down stay at home order Maryland to start reopening Friday French government ‘incensed’ by Sanofi offer to give vaccine to US first Singapore reports another 750+ cases Japan starts using remdesivir on COVID-19 patients Burundi latest African country to[…]

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Hope Trade Fades

Hope Trade Fades Tyler Durden Thu, 05/14/2020 – 07:31 By Eleanor Creagh, Australian Market Strategist at Saxo Bank Summary: Asia stocks sliding, following Wall Street lower as economic realities begin to set in, with market sentiment starting to catch down to fundamentals. The sharp rebound from March lows is beginning to stall as record levels of uncertainty are juggled with extended valuations. With optimism priced and upside momentum fading, it appears trading on hope is being replaced with caution and a local top may in for equities. The disconnect between the real economy and equity markets has been surreal. For the S&P 500,[…]

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992 Billion Reasons Why The Fed Needs Another Market Crash In The Next Few Weeks

992 Billion Reasons Why The Fed Needs Another Market Crash In The Next Few Weeks Tyler Durden Thu, 05/14/2020 – 06:44 Speaking in a video conference organized by the Peterson Institute, turbo money printer Jerome Powell today reassured the market that negative rates are not something the Fed – which expanded its balance sheet by $2.6 trillion in the past two months – is contemplating now. Of course, that will change after the next market crash or if economic shutdowns return, but for now the Fed’s message to traders was clear: don’t push forward fed fund rates negative, which also[…]

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