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Coronavirus combined with zero interest rates 'really worries me,' Bridgewater's Dalio says

Billionaire investor Ray Dalio, whose main Bridgewater Associates LP hedge fund fell sharply amid the coronavirus-led market rout, is concerned about the combination of zero interest rate policy and the growing health pandemic, he said in a note Monday. “I have been concerned that when the economic downturn would come, it would lead to hitting the 0% interest rate in an economic downturn with a lot of debt outstanding and big wealth and political gaps the way that configuration of events happened the 1930s,” Dalio wrote. On Sunday, the U.S. Federal Reserve cut interest rates to a target …read more […]

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Stocks That Have Dropped The Most – 2020 Update

Due to recent events, investors are wondering “what are the stocks that have dropped the most?”

For over a month now the stock market has been declining. On February 12th, the Dow Jones Industrial Average hit an all time high at 29,568.57. Since then, just one month later, the Dow has dropped all the way down to 21,154.46. This news triggered the announcement of a bear market, the first since 2009. However, following President Trump’s speech on Friday, the market did get a nice boost, rallying back to 23,173.99. President Trump was quite proud of this, announcing the “BIGGEST STOCK MARKET …read more […]

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It’s Too Early to Tell If Inovio (INO) Is a COVID-19 Play, Says Analyst

The novel coronavirus is dominating headlines around the world right now. But in Maxim Group’s latest report on Inovio Pharmaceuticals (INO), COVID-19 merits hardly a mention. Turns out, Maxim loves this stock, but not only because of Coronavirus.In Maxim’s note, analyst Jason McCarthy notes that “it’s too early to tell” if Inovio is “a COVID-19 play.” On the one hand, “Inovio has rapidly developed its DNA-based COVID-19 vaccine, INO-4800.” Within just three hours of receiving its first sample of the virus’s genetic sequence, Inovio already had the vaccine candidate prepared “using its DNA-based vaccine platform,” and began “preclinical development.”Like Novavax …read more […]

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Swooning stocks signal higher likelihood of Trump losing election – Moody's Analytics

The U.S. stock market rout triggered by a deadly coronavirus outbreak suggests President Donald Trump is in grave danger of losing the November election, according to a forecasting model by Moody’s Analytics, a leading Wall Street research firm. A drop in the Standard & Poor’s 500 stock index to 2,500 points – roughly Thursday’s closing level – would signal enough economic anxiety to cost Trump the election, Bernard Yaros, an economist at Moody’s Analytics, said on Friday. …read more […]

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Wall Street set to crash again after Fed slashes rates

S&P 500 futures fell 4.77% to hit a daily down limit in early trading, and S&P 500 ETFs plunged 9%, suggesting the benchmark index would set off a 15-minute cutout at 7% put in place to prevent another 1987 “Black Monday”-style crash. Central banks in the United States, Japan, Australia and New Zealand announced sweeping monetary easing in a co-ordinated effort not seen since the 2008 financial crisis, but failed to shore up global investor sentiment. The extent of the action, taken ahead of the Fed’s regularly scheduled meeting set for Tuesday and Wednesday, spooked investors following …read more […]

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U.S. Treasury yields tumble after aggressive Fed action

U.S. Treasury yields fell on Monday but remained above recent multi-year lows, after the Federal Reserve stepped in with sweeping measures to protect the economy in the face of the coronavirus outbreak. Global central banks moved aggressively on Sunday to buttress a world economy that’s rapidly unraveling. The Fed slashed interest rates to near zero, pledged hundreds of billions of dollars in asset purchases and backstopped foreign authorities with the offer of cheap dollar financing. …read more […]