Tuesday, October 20, 2020

Wednesday's News Links

[CNBC] Dow futures are little changed as stimulus talks continue, Netflix shares fall after earnings miss

[Reuters] Stocks fall as investors focus on U.S. stimulus

[Yahoo/Bloomberg] Treasuries Slump With Dollar Amid Stimulus Bets: Markets Wrap

[Reuters] Yuan hits 27-month high on PBOC guidance, upbeat data

[CNBC] Mortgage demand from homebuyers falls for the fourth straight week

[CNBC] Stimulus package is unlikely to get through Congress before the election, Goldman Sachs says

[CNBC] Coronavirus live updates: Eli Lilly brings in drug plant consultants; study finds factors contributing to ‘long Covid’

[Reuters] U.S. retailers secure stores as worries about election unrest mount

[Yahoo/Bloomberg] Junk Bonds Won’t Save Everybody From Going Bust

[Yahoo/Bloomberg] Chicago Poised for Painful Choices to Close Record Budget Gap

[CNBC] A ‘blue wave’ in U.S. elections could bring forward Fed rate hikes, says Morgan Stanley

[Reuters] China to balance stable growth and risk prevention: central bank

[Reuters] UK borrowing exceeds forecasts, debt highest since 1960

[Bloomberg] White House Says Goal Is Fiscal Stimulus Deal in Next 48 Hours

[Bloomberg] Can China’s Rebound Last? A Look Behind the Latest GDP Numbers

[NYT] The Fed’s $4 Trillion Lifeline Never Materialized. Here’s Why.

[WSJ] Leveraged Buyouts Come Roaring Back After Coronavirus-Related Lull

[WSJ] More Corporate Bonds Are Rated Triple-A in China Despite Coronavirus Pandemic

[FT] China-US shipping costs soar on pandemic glut

Tactical Short Strategy - Quarterly Recap Conference Call This afternoon

Please join Doug Noland and David McAlvany today, Thursday, October 22nd, at 4:00pm Eastern/ 2:00pm Mountain time for the Tactical Short Q3 recap conference call, “Managing Short Exposure in Extreme Uncertainty.” Click here to register.  

Tuesday Evening Links

[Reuters] Wall Street shares end higher on stimulus optimism 

[AP] McConnell warns White House against COVID relief deal

[Yahoo/Bloomberg] Pelosi, Mnuchin Move Closer to Stimulus Deal Amid Senate Doubts

[Reuters] U.S. Speaker Pelosi's spokesman says coronavirus aid talks to continue Wednesday

[Reuters] Yield-starved investors aid Illinois' $850 million bond sale

[Bloomberg] Southern States Are the Seething Center of America’s Pandemic

[Bloomberg] Roche CEO Warns Against High Hopes for Speedy Covid Vaccines

[Bloomberg] Blank-Check Company Deals Driven by Speculation, Chanos Says

[WSJ] Moody’s Downgrades U.K. Banks

Tuesday Afternoon Links

[Reuters] Wall Street shares bolstered by stimulus bets

[Yahoo/Bloomberg] Pelosi Says Stimulus Bill Being Drafted While Some Issues Remain

[CNBC] Pelosi says Dems and White House are moving closer to a stimulus deal, downplays Tuesday deadline

[Reuters] Trump pushes for major COVID-19 deal over Senate Republican objections, Pelosi optimistic

[Reuters] U.S. says Google breakup may be needed to end violations of antitrust law

[CNBC] Coronavirus live updates: 10 countries hit record highs for avg. daily new cases; AMC says bankruptcy possible

[Reuters] U.S. single-family homebuilding, permits surge to more than 13-year high

[Yahoo/Bloomberg] Treasury Futures Positions Reach New Extremes Before Election

[WSJ] Fed’s Quarles Says Market Turmoil Triggered by Covid-19 Revealed Fragile Nonbank System