Dewey Fernfield
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
The potential risk right now has never been higher. Even with the volatility being shorted by the Fed admittedly, the VIX index is still relatively high. In fact it has never been this elevated while stocks have been up to such a degree. We are constantly hitting new highs in the markets and it doesn’t seem to stop anytime soon. More and more easy money is flowing in and no news about massive layoffs, bankruptcies, and massive unpaid bills piling up seems to change investor behavior.
U.S. still faces possible default wave, asset declines due to pandemic: Fed | Reuters
U.S. still faces possible default wave, asset declines due to pandemic: Fed
The United States may still face a wave of debt defaults and “significant declines” in asset prices because of the coronavirus pandemic and recession, the Federal Reserve warned on Monday, in a stark reminder the economy is far from out of the woods.
Sven Henrich on Twitter:
“In 2020 I learned you can have negative earnings growth, a shrinking economy, several hundred thousand dead, high unemployment and markets will still make record highs because the Fed says so.” / Twitter
https://twitter.com/NorthmanTrader/status/1325751018488012800
Disneyland furloughs more workers, citing ‘limbo’ on reopening | Reuters
Disneyland furloughs more workers, citing ‘limbo’ on reopening
Walt Disney Co <DIS.N> said on Monday it was furloughing additional workers from its Disneyland theme park in Southern California, because it still does not know when the state will allow it to reopen because of the coronavirus pandemic.
AAA Mid-Atlantic: Gas Prices At Lowest Levels Since 2004 – CBS Baltimore
AAA Mid-Atlantic: Gas Prices At Lowest Levels Since 2004
Gas prices have hit a new milestone that is sure to save you money.
New York traffic report | TomTom Traffic Index
New York traffic report | TomTom Traffic Index
Free access to live traffic data and TomTom Traffic Index statistics for New York. Check out live and typical traffic in New York.
Leaked document reveals Nikola flip-flop on spending customer deposits – Business Insider
Leaked document reveals Nikola flip-flopped on whether it would spend any of its $17 million of customer deposits to fund the Nikola One
Nikola said in a 2016 business plan that it intended to use deposit money for operating expenses and suggested it had already done so.
Australia calls for China to ‘play by the rules’ after reports of multibillion-dollar trade bans | Australian foreign policy | The Guardian
Australia calls for China to ‘play by the rules’ after reports of multibillion-dollar trade bans
Trade minister says businesses need clarity after reports many Australian exports will be stopped at customs from Friday
Jigsaw Puzzle Business Goes ‘Bonkers’ As People Seek Pandemic Pastimes : NPR
Puzzle Business Goes ‘Bonkers’ As People Seek Pandemic Pastimes At Home
With so many people hunkered down due to the coronavirus pandemic, jigsaw puzzle sales are booming – and retailers are struggling to meet the increased demand.
Biden Poised to Name Ron Klain, Janet Yellen to Key Positions – The American Prospect
Biden Poised to Name Ron Klain, Janet Yellen to Key Positions
Klain favored as White House chief of staff; Yellen as Treasury secretary
There has been such demand [on] risk assets such as equities, stocks. Today we are seeing overvaluation of stocks and that is because of the central bank policies of cheap money, low interest rates. People are buying real estate, housing at historically very low rates. Money and debt is cheap.
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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
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