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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Voodoo who wrote (154663)

3/18/2020 8:12:35 AM

From: TobagoJack

Respond to of 218415

By action of HK closing, and the truth that USA futures pinned even as all know trillions on way to save the year, as on a battle field, dying is an individual / personal happening, and so all continues to rush for the exits that are not there.

There is no out, and no place to hide. We either rush about, or sit quietly and look for a chance at something.

It is time to sit quietly.

But, to keep skills sharp, and to not lose rhythm, we must toss out a grenade every so often, everyday, until such time we lose more than we win, then we stop, or as they say in California and New York, we shelter in place.

Received many e-mails from folks in NY, California, Arizona, Vancouver ... closures, shutdowns, etc etc

The war is being lost. Starting to feel like Russian front 1941. Stalingrad straight ahead.

Where are the T34s?!

bloomberg.com

U.S. Futures Pinned to Lower Limit; Bonds Sell Off: Markets Wrap

Robert BrandMarch 17, 2020, 11:37 PM GMT+2

U.S. equity futures declined along with European stocks on Wednesday, retracing moves from a day earlier while bonds slumped as traders weigh the impact of fiscal and monetary stimulus to counter the effect of the coronavirus. Oil dropped to a 17-year low.

Contracts for the S&P 500 once again hit their lower trading curbs after the gauge jumped 6% on Tuesday. An exchange-traded fund tracking the index fell 6.9% in pre-market trading. The Stoxx Europe 600 Index also dropped, with industrial-goods and construction companies leading the decline and telecoms the only sector in the green. Rallies fizzled out in Asia, with Japanese shares ending barely up after rising more than 4% at one point.

Yields on European bonds soared, with Italy’s jumping more than 60 basis points at one point. Treasury yields also edged up, and the dollar extended its winning streak to a seventh day while the yen also gained. Bloomberg’s industrial-metals index dropped for a third day, with copper, nickel and aluminum among the biggest losers. Gold resumed losses as traders sold the metal to cover margin calls in other markets.

With about $1.14 trillion in fiscal support pledged or under consideration to offset the economic shock from the pandemic, investors are pricing in the risk of a surge in government borrowing. The Trump administration is moving toward a big fiscal package, while nations from the U.K. to France and Italy also unveiled plans to spend their way out of the crisis. Meanwhile, countries continue to ramp up measures to limit travel in a bid to contain the spreading virus.

“The missing fundamental ingredient for a sustainable recovery in risk appetite is some evidence that the growth of global Covid-19 infection rates is peaking,” said Paul O’Connor, head of multi-asset at Janus Henderson Investors. “Clearly, we are not there yet.”

The planned U.S. stimulus could amount to $1.2 trillion, aiming to stave off the worst impact of a crisis that already looks set to plunge many of the world’s economies into recession. Meantime, the Federal Reserve reintroduced additional crisis-era tools to stabilize financial markets. Those responses came after stresses appeared in the short-term funding markets.

“I don’t think we’re out of the woods yet in terms of liquidity,” Mark Konyn, chief investment officer at AIA Group in Hong Kong, told Bloomberg TV. “It’s a question of when the fiscal measures will have the most efficacy.”

In Germany, Angela Merkel said the government will not rule out joint European Union debt issuance to help contain the impact.

Read More

Travel Curbs Extend With Cases Exceeding 193,000: Virus Update

Trump Told Mnuchin to Go Big, and a $1 Trillion Stimulus Emerged

Global Bonds Plunge on Fear of Debt Deluge From Pandemic Defense

BlackRock Sees Market Calm Returning With Virus Clarity

WATCH: Markets won’t calm down without more visibility on the scale of the virus fallout, says BlackRock’s Jean Boivin.

These are the main moves in markets:

StocksFutures on the the S&P 500 fell 3.7% as of 7:14 a.m. in New York.The Stoxx Europe 600 Index fell 4.7%.MSCI All Country World Index dropped 1.4%CurrenciesThe Bloomberg Dollar Spot Index jumped 0.6%The yen was up 0.3% at 107.33 per dollar.The euro bought $1.0986, down 0.1%.BondsThe yield on 10-year Treasuries rose three basis points to 1.11%. It jumped 36 basis points on Tuesday.The yield on German 10-year bunds climbed 15 basis points to -0.28%Italy’s 10-year yield soared 42 basis points to 2.77%CommoditiesWest Texas Intermediate crude dropped 5.8% to $25.38 a barrel.Gold was down 2% at $1,498 an ounce.— With assistance by Gregor Stuart Hunter, and Adam Haigh