Newsclips
A Speculative Frenzy Among Small Retail Accounts?
May 8, 2020
Speculative frenzies are often the mark of a market peak. Small retail accounts have bought stocks with abandon throughout the decline and subsequent bounce.
Speculative frenzies are often the mark of a market peak. Small retail accounts have bought stocks with abandon throughout the decline and subsequent bounce.
Today's topics include the unintended consequences of fiscal policy, stocks' optimism on future and stimulus vs. economic data, the relative nature of a restart, the worst recession since 1709, cooling demand for small business loans?, mortgage lenders tighten loan standards, a look at the Fed's foreign swap lines, drilling activity in the Bakken, and government-only money market funds.
Roughly 21% of the U.S. labor force has filed an initial unemployment claim since mid-March. Some states have been hit harder than others.
Several more charts of interest from Friday's payrolls release
Roughly 60% of the second round of PPP funds has already been claimed.
Fallen angels now make up almost 16% of the high yield universe.
Our latest political betting and polling charts.
Updating the growth in central bank balance sheets
Select charts from our recent posts
Long-term interest rates since 1790
Today's topics include unemployment claims, a real-time indicator of the jobs market, voicing financing concerns in earnings calls, the Fed's 'Do as I Say Not as I Do' on LIBOR, ECB officials respond to German court, tracking global GDP, small investors bought munis during pandemic, and the bull vs. the bear case.