Have You Noticed How Push-Back Against Powell-Fed’s Actions Is Getting Louder in the Mainstream Media, from NPR to CNBC? by Wolf Richter • Sep 9, 2020 • 251 Comments Still a lot of fawning coverage, but big dissenters are now given prominent spots, and loaded questions are used to politely hammer Powell into telling obvious nonsense.
The Fed Bought No Bond ETFs (None, Zero, Zilch) in August. ETF Holdings Actually Fell. Bought Almost No Corporate Bonds by Wolf Richter • Sep 9, 2020 • 57 Comments The Fed stepped away from the market after its jawboning created the biggest bond bubble ever.
Used-Vehicle Market Digs Out from Supply-and-Demand Chaos that Caused Enormous Distortions in Wholesale Prices by Wolf Richter • Sep 8, 2020 • 92 Comments After spiking for months, used-vehicle wholesale prices turned south in late August, wholesale volume plunged again.
On Fumes of Stimulus: California Starts Sending Out $900 Lump-Sum FEMA-Funded Unemployment Payments on Labor Day by Wolf Richter • Sep 7, 2020 • 152 Comments Most states are also rolling it out. On top of other stimulus programs and housing payment deferrals via eviction bans & mortgage forbearance
“Prolonged Period of Risk to Institutional and Retail Investors of Further – Possibly Significant – Market Corrections” by Nick Corbishley • Sep 7, 2020 • 36 Comments The European Market Regulator flags big issues, including the “decoupling of financial market performance and underlying economic activity.”
THE WOLF STREET REPORT: This Tech-Stock Sell-Off Is a Sign Something Broke by Wolf Richter • Sep 6, 2020 • 135 Comments SoftBank was only a cog in the huge machinery.
The Wild Ride of the Giant 5 Stocks (APPL, MSFT, AMZN, GOOG, FB) v. the Rest of the Market by Wolf Richter • Sep 5, 2020 • 171 Comments Suddenly, a whiff of “Don’t fight the Fed?”
Tesla Not Added to S&P 500 Index, Shares Plunge After-Hours: Triple-WTF Chart of the Year Turns into Sharp Spike by Wolf Richter • Sep 4, 2020 • 148 Comments Four Days of Free-Fall Mania. Dream goes up in smoke. Passed over by Etsy, Teradyne, and Catalent.
Wall Street’s New Meme: Selloff is “Good News for Tech Stocks” after Robinhood Call-Options Traders Are Properly Wiped Out by Wolf Richter • Sep 4, 2020 • 108 Comments If stocks made a sudden connection to the worst economy in a lifetime, after having been disconnected for months, that would be a disaster, however.
San Francisco Unicorn Juul to Lay Off Over Half its Remaining Staff: Altria’s $12.8 Billion Go to Heck, But Not in a Straight Line by Wolf Richter • Sep 3, 2020 • 62 Comments From 3,200 employees down to 1,000 employees in half a year.
