We Eat Bears for Breakfast
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Global Stock Market Carnage
On January 31st we gave the following warning about the Risks being real. “We are witnessing an extremely stubborn decade-long bull market and the very powerful force of the herd on the move. The perspectives and assessments of the horizon (“cognitive eyeballing”) are distorted. Investors no longer seem to be able to properly assess the
Global Stock Market Carnage Read More »
The Daily Lens
Market Summary: The long and the short of it. Stocks finally woke up from their complacent march higher and began to catch down to the reality in the bond, currency, and commodities markets. The reality that the corona-virus has not evaporated but instead virus counts have exploded higher, rattled global investors on Monday. Investors that
The Daily Lens
Market Summary: The long and the short of it. Asia The Peoples Bank of China expanded its massive liquidity stimulus on Tuesday with another enormous 400 Billion Yuan in support of Chinese markets. The Federal Reserve in the U.S. also supported the U.S. markets with its overnight “repo”, which saw a another massive $64.45 Billion
The Daily Lens
Market Summary: The long and the short of it. Asia The Chinese markets re-opened in the early hours of Monday morning after the extended holiday period and they did not surprise the consensus opinion. The Chinese markets dove into the red at the open, the Shanghai Composite down -8.00% at the close. Europe Europe like
The Daily Lens
Market Summary: The long and the short of it. The World Health Organization (WHO) declared the Wuhan coronavirus a “public health emergency of international concern.” The markets took this news as good-bad news. The stock markets, which tumbled on Thursday due to the rising death toll in the world’s second-biggest economy, steadied slightly on Thursday
The Daily Lens
Market Summary: The long and the short of it. ASIA Asian markets succumbed to the news that the coronavirus has not gone away overnight. Japanese and Hong Kong shares fell, Nikkei 225 is off -1.79% while the Hang Seng dropped -1.83%. The Shanghai Composite is not trading as the Chinese Lunar New Year holidays have
The Daily Lens
Market Summary: The long and the short of it. Asian markets opened up the day nervously and finished mixed as of the most recent closing prices. Hong Kong’s Hang Seng scratched out a small gain of 0.15%, while the Japanese Nikkei finished lower by -0.55%. Chinese markets were closed yesterday. European markets finished broadly higher