“COVID-19 Added to this Uncertainty:” Orders & Sales of Heavy Trucks & Medium-Duty Trucks Plunge in the US by Wolf Richter • Mar 4, 2020 • 57 Comments But for its still pre-coronavirus quarter, Navistar reported today that its Truck revenues collapsed by 31%.
Yield Curve Gets Ugly, 10-Year Treasury Yield Falls Below 1% for First Time Ever, 30-Year at Record Low, on Rising Inflation by Wolf Richter • Mar 3, 2020 • 137 Comments Ready for another shock-and-awe panic-cut by the Fed? Last time the Fed panic-cut was in 2007/2008, and look what happened to stocks.
Stocks Sag as Fed Cures Coronavirus by Cutting Rates ½ Percentage Point by Wolf Richter • Mar 3, 2020 • 226 Comments Disappointed the Fed didn’t print antibodies?
“Wall Street Biggest Banks Shamelessly Try to Use Coronavirus to Get Federal Reserve to Weaken Rules”: Better Markets by Wolf Richter • Mar 2, 2020 • 134 Comments At first, banks leveraged the repo market to force the Fed to ease liquidity & capital rules; now they leverage the coronavirus. Whatever it takes.
Just How Bad Is It Going to Get for US Airlines? by Wolf Richter • Mar 2, 2020 • 123 Comments “We are preparing for the possibility of further reductions to our schedules as the virus spreads.”
Muddy Waters’ Short-Target NMC Health, a FTSE 100 Company, Admits Doctoring Accounts on Massive Scale. Shares Suspended by Nick Corbishley • Feb 29, 2020 • 72 Comments “Even more damning than our initial report”: Carson Block of Muddy Waters.
“Nothing Goes to Heck in a Straight Line,” Not Even Stocks Today by Wolf Richter • Feb 28, 2020 • 225 Comments Wow, what a day, what a week, what a 15-minute spike at the end!
Airline Stocks, Battered by Coronavirus & Boeing 737 MAX, Plunge to Four-Year Low by Wolf Richter • Feb 27, 2020 • 73 Comments Boeing got battered too but not nearly enough. Introducing my SADJAUS stock index tracking the 7 largest US airlines.
Unicorns & Non-Unicorns Hung Out to Dry: As SoftBank Licks its Wounds, Startup Funding Fizzles, Shutdowns & Layoffs Spread by Wolf Richter • Feb 25, 2020 • 155 Comments The out-of-money moment is here. The party is over. But it sure was fund, so to speak, while it lasted.
Stocks Plunge (or Dip?), Traders Confused: This Wasn’t Supposed to Happen. Complacency Exacts its Toll by Wolf Richter • Feb 24, 2020 • 206 Comments The coronavirus is just the latest in a long series of issues successfully brushed off as irrelevant because all that mattered was that stocks went up.
