Tag: Financials

Be in the know. 25 key reads for Thursday…

  1. ECB to Spend Extra 600 Bn Euro on Emergency Bond Buys (Barron’s)
  2. Deutsche Bank Upgrades Wells Fargo (WFC) to Buy; Risks Priced In (Street Insider)
  3. The Morgan Wallen “Chasin’ You” Stock Market (and Sentiment Results)… (Zero Hedge)
  4. Friday’s Job Report Could Support Recovery Hopes (Barron’s)
  5. Consumer Spending Trickles Back as U.S. Reopens (Barron’s)
  6. Podcast: The Paycheck Protection Program Is Starting to Run Out (Barron’s)
  7. History Can Show Us Why the Market Is Rising Now (Barron’s)
  8. Pinterest Accelerates Tech Projects as Pandemic Boosts User Engagement (Wall Street Journal)
  9. Fed Expands Municipal Bond Program, Opening Door to Some Smaller Cities (New York Times)
  10. Beijing to Give $1.7 Billion in Vouchers to Boost Shopping (Bloomberg)
  11. Global GDP Tracker’s 2.3% Drop in May Shows Worst Over (Bloomberg)
  12. Fauci (the Horse) Loses Race Badly in the Mud at Belmont Park (Bloomberg)
  13. European Central Bank takes its pandemic bond buying to 1.35 trillion euros to try and prop up economy (CNBC)
  14. Here are the 9 economic relief programs the Fed is using to combat coronavirus fallout (Business Insider)
  15. An oil CEO says crude prices could surge 90% to $70 by fall because US firms have ‘over-cut production’ (Business Insider)
  16. Saudi Arabia and Russia push for an extension to output cuts, OPEC+ meeting this week still possible (CNBC)
  17. American Airlines (AAL) Increases Domestic Flying for Summer Travel Season, Begins Reopening Admirals Clubs and Increases Flexibility (Street Insider)
  18. 10 US Oil Companies Still Likely to Thrive in 2030 (24/7 Wall Street)
  19. 1.88 million workers file for unemployment benefits (Yahoo! Finance)
  20. Nio stock surges after company posts record-high deliveries for May (MarketWatch)
  21. Homebuilders will benefit from Millennials leaving cities: Expert (Fox Business)
  22. U.S. banks attract bargain hunters (Reuters)
  23. Locked-Up Journalists. Espionage Investigations. Constitutional Challenges. The Government’s Release of Economic Data Was Arcane and Complex — Until Now. (Institutional Investor)
  24. Gilead Analyst: Coronavirus Drug, Arcus Collaboration Make Biopharma A Buy (Benzinga)
  25. Royal Caribbean to offer up to $2 billion in bonds and convertible bonds that mature in 2023 (MarketWatch)

The Morgan Wallen “Chasin’ You” Stock Market (and Sentiment Results)…

This week’s Stock Market theme song is Morgan Wallen’s “Chasin’ You.”  Managers who were dramatically underweight equities – and missed the rally – were reluctantly forced to succumb to Morgan’s lyrics this week. They scrambled to gain equity exposure and chased the stock market rally: Continue reading “The Morgan Wallen “Chasin’ You” Stock Market (and Sentiment Results)…”

The Grace Potter “Falling or Flying” Stock Market (and Sentiment Results)…

This week’s pick for “theme song of the week” – to embody the sentiment of the Stock Market – is Grace Potter’s “Falling or Flying.”  After a 6% intra-week drawdown last week, this week we’ve made up for lost ground, and more…

Continue reading “The Grace Potter “Falling or Flying” Stock Market (and Sentiment Results)…”