Tesla, the WTF Chart of the Year by Wolf Richter • Mar 18, 2020 • 96 Comments You’ve got to admire Musk for snookering true believers into buying $2 billion of new shares a month ago that are now down 52%.
S&P 500 Plunged Most Since 1987, Gave Up in 18 Days the 42% Gains of Past 3 Years. Boeing Shares Collapsed by Wolf Richter • Mar 16, 2020 • 167 Comments It’s not the drop that worries me, it’s the historic neck-breaking volatility.
First US Economic Data of the COVID-19 Era Emerges. It’s Ugly by Wolf Richter • Mar 16, 2020 • 156 Comments This is just the beginning. There will be more of the same and worse.
Panicked Fed Slashes Rates to Near 0%, Throws $700 Billion QE on Top, after $1.5 Trillion Shock-and-Awe Repos Fizzled. Stock Futures Plunge 5%, Hit Limit Down by Wolf Richter • Mar 15, 2020 • 371 Comments Holy moly, what a mess. But here is our hilarious cartoon of Jerome Powell tearing out his hair. Gotta keep you sense of humor.
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.
China’s Non-Manufacturing & Manufacturing PMIs Show to What Unfathomable Extent the Economy Has Collapsed by Wolf Richter • Mar 1, 2020 • 209 Comments The charts are brutal.
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.
Shares of Bedding Unicorn Casper Collapsed by 72% from Magical Pre-IPO Valuation by Wolf Richter • Feb 10, 2020 • 93 Comments Another overvalued money-losing unicorn in a lo-tech ho-hum business wobbled out the IPO window and crashed.
End of QE-4: Fed’s Repos Drop Below Oct 2 Level, T-Bills Balloon, MBS Fall, Total Assets Down to Dec 25 Level by Wolf Richter • Feb 7, 2020 • 112 Comments Repo-blowout solved, the Fed is stepping back as lender-of-first-resort.
