Allianz Chief Economic Adviser Mohamed El-Erian discusses his outlook for the economy amid the coronavirus pandemic and the government's approach to providing relief.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds i...Read More
Well at least the riots are over, for now. Defund the police seems like a truly insane idea, unless you're a progressive, then it makes total sense. Even if someone wanted to solve the underlying economic problems, it can't be done, we're too far gone. But at least we can wear our masks and avoid the Coronavirus. Oh wait, that's over too, if it's safe enough to publicly protest and riot then surel...Read More
Jesse Felder is a FinTwit superstar and go to contributor for Real Vision and Macro Voices. We discuss the future long term bear market, the US massive debt problem, pegging the yield curve, the US dollar potentially losing reserve currency status, commodities, gold, bitcoin, and much much more!! George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a...Read More
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Significant spikes in hospital traffic and Baidu internet searches for terms related to COVID-19 suggest that the virus hit Wuhan, China "beginning in late Summer and early Fall 2019," according to a new study by Harvard Medical School. Continue...Read More
Here are the key takeaways from Jeffrey Gundlach's DoubleLine Total Return Bond Fund webcast:The stock market is likely to fall from its "lofty" perch. "The big, experienced smart money is skeptical of this little-guy created, epic rally."Continue...Read More
This is the most insane market I've ever seen. We've got 40 million Americans out of work. We have riots in 150 cities, and the stock market is trying to hit new highs. Continue...Read More
1. Markets are selling off today. This is actually good to see and welcomed after the huge rally that we just had. Pullbacks are healthy in order for the charts to continue to keep the current up-trend. Remember, parabolic moves are ending moves.2. JP Morgan, financials, airlines, retail are down. Tech is all up today and they're gaining as we speak. This tells us that it's simply a pullback. We'v...Read More
The Arizona Department of Health Services instructed the state's hospitals to "fully activate" their emergency plans - as the state has seen a large increase in coronavirus cases since reopening last month.Continue...Read More
The Federal Reserve is attempting to blame the financial crisis on the virus to avoid Congressional investigations of its second epic failure in a dozen years at regulating the behemoth Wall Street banks.Continue...Read More
"Americans are ready to get back to action and so is President Trump." "The Great American Comeback is real, and the rallies will be tremendous."Continue...Read More
The Fenn Treasure was a cache of gold and jewels that Forrest Fenn, an art dealer and author from Santa Fe, New Mexico, hid in the Rocky Mountains of the United States. It was found in 2020.Continue...Read More
Money manager Adrian Day reviews the prospects of two of his favorite resource companies and comments briefly on the pullback in gold prices. Following the strong rally in gold and gold stocks since the March low, we expect a pullback over coming weeks. It is already underway. We do not expect it to be particularly long or deep, and will present opportunities to buy. For now, however, patience is...Read More
Millrock Resources CEO Gregory Beischer speaks with Maurice Jackson of Proven and Probable about his company's drill program in the shadow of the Pogo gold mine. Maurice Jackson: Welcome to Proven and Probable. Joining us for a conversation is Gregory Beischer of Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQB). Gregory for someone new to Millrock Resources, please introduce the opportunity the c...Read More
China's rebar prices retreated on Tuesday June 9 in both domestic and export markets due to softer demand. Domestic Eastern China (Shanghai): 3,590-3,620 yuan ($507-512) per tonne, down by 40 yuan per tonne at the midpoint Heavy rains in eastern and northern regions have disrupted construction work and reduced rebar demand, weighing on prices. Meanwhile, rebar futures dropped in last night's tradi...Read More
The future of the global long steel market remains uncertain because of both the impact of the covid-19 pandemic and rising protectionism, with no recovery expected in the third quarter of this year, the International Rebar Producers & Exporters Association (Irepas) said last week.A gradual slowdown in the construction industry in Europe due to Covid-19 is restraining steel long consumption, with...Read More
Polish coal miner Jastrzebska Sp??lka Weglowa (JSW), the largest coking coal producer in Europe, has suspended production at two of its mines following the steep increase in new Covid-19 cases among its workers, the company said on Monday June 8.JSW will temporarily halt coal production at the KWK Budryk and KWK Knur??w-Szczyglowice mines from June 9 to June 28 due to the worsening of the epidemic...Read More
The Nasdaq broke above 10,000 for the first timeThe Nasdaq rallied to another record high today, and briefly broke above the 10,000 level for the first time ever. The index's rise was bolstered by traders that loaded up on big technology names, particularly FAANG stocks Amazon.com (AMZN) and Apple (AAPL), both of which notched record highs. Despite this impressive news, the Dow slid today, ending...Read More
OXY is down alongside the rest of the oil and gas sector todayThe shares of Occidental Petroleum Corp (NYSE:OXY) are down 7.7% at $22.51 at last check, amid news that the oil and gas company is reviewing and possibly selling its Middle East assets in order to reduce debt. Meanwhile, BofA Global Research upgraded the stock to "buy" from "neutral," and hiked its price target to $32 from $18. Today's...Read More
An unwinding of pessimism could provide even more tailwindsThe last time we checked in with Teladoc Health (NYSE:TDOC), the telehealth provider was facing off with a key trendline. However, TDOC took a deeper dive than anticipated, shedding 4% in the last 30 days. Now, this extended pullback has brought the stock to another area that, if past is precedent, could halt the skid in its tracks.More sp...Read More