No Picture
Trading Ideas

Global Cases Exceed 600,000; Japan Plans Stimulus: Virus Update

(Bloomberg) — Global cases of coronavirus surpassed 600,000 and the U.S. became the first country to reach 100,000 infections. Japan’s Prime Minister Shinzo Abe said the country will extend stimulus on an “unprecedented scale.”China also signaled it is preparing larger-scale stimulus to counter the economic fallout. President Donald Trump ordered General Motors to start making ventilators by invoking a Cold War-era law.Key Developments:Cases top 602,000; 27,800 dead, 131,800 recovered: Johns HopkinsJapan plans cash handouts, supplementary budgetChina signals ramped-up stimulus, says all 54 new virus cases on March 27 are importedL.A. warns of surge and New York of “astronomical” new infectionsU.S. …read more […]

No Picture
Trading Ideas

Petrostates Hammered by Oil Price Plunge and Pandemic’s Spread

(Bloomberg) — Kazakhstan’s long-standing leader calls it a “perfect storm.” Venezuela’s government is shutting fuel stations across the country. Chad is paying its sovereign debts using cattle.Across the oil-rich states of Africa, the Middle East, Latin America and the former Soviet Union, leaders accustomed to a steady flow of petrodollars see trouble ahead as the oil price war promises to destabilize their economies — and perhaps their hold on power.Of course, it’s not just oil-producing countries that are suffering a dramatic economic shock as the coronavirus pandemic sweeps across the world, but for the world’s petrostates, the collapse in oil …read more […]

No Picture
Trading Ideas

Hedge Funds Started Selling BlackBerry Limited (BB) Before The Coronavirus

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]

No Picture
Trading Ideas

When a Hot Gold Trade Blew Up, the Rush for 100-Ounce Bars Began

(Bloomberg) — There are few corners of the global financial market that have been upended as spectacularly, or as oddly, by the coronavirus pandemic as gold trading.Not only are prices swinging in an erratic fashion — surging one moment and crashing the next — that is undermining the metal’s vaunted status as a haven in times of crisis, but unprecedented logistical disruptions have also kicked off a frantic hunt for actual bars of gold.At the center of it all are a small band of traders who for years had cashed in on what had always been a sure-fire bet: shorting …read more […]