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Wednesday, October 21, 2020
10y-yield-crashes-to-1.00%,-stocks-plunge-despite-massive-fed-easing

10Y Yield Crashes To 1.00%, Stocks Plunge Despite Massive Fed Easing

Did The Fed just swing from omnipotence to impotence? — Ramp Capital (@RampCapitalLLC) March 3, 2020 It seems an emergency rate-cut of 50bps has done more to damage confidence that rebuild it... "what do they know?" Did The Fed get an early glimpse of this week's payrolls data? The Fed rate cut was unnecessary and…
discover-crashes-most-since-the-financial-crisis-on-highest-q4-charge-off-rate-this-decade

Discover Crashes Most Since The Financial Crisis On Highest Q4 Charge-off Rate This Decade

One of America's most popular credit card companies, Discover, is having a bad day. In fact, dropping as much as 11% today after announcing Q4 earnings, DFS has suffered its biggest one day drop since the financial crisis, even greater than the 9% drop recorded on the day the US was downgraded in August 2011.…
crude-crashes-as-saudis-signal-intolerance-to-opec-‘partners’-cheating

Crude Crashes As Saudis Signal Intolerance To OPEC ‘Partners’ Cheating

WTI Crude is plunging this morning amid chatter that OPEC and allied crude producers are averse to deepening output cuts when they convene next week. Bloomberg reports that, according to people familiar with the kingdom’s thinking, Saudi Arabia probably will indicate it’s no longer willing to compensate for excessive production by other members of the cartel. Additionally,…
uber-crashes-to-record-low-after-huge-loss

Uber Crashes To Record Low After Huge Loss

Update (1200ET): It appears Uber's outlandish new target of achieving profitability by 2021 may have pleased desperate analysts but it did nothing for shareholders who have puked the ride-sharing app's shares down 9% to a new record low. From the immediate post-IPO highs of $47.65, Uber is now down 40%. *  *  * One quarter…
pg&e-crashes-to-all-time-low-over-fears-it-will-be-blamed-for-latest-california-inferno

PG&E Crashes To All Time Low Over Fears It Will Be Blamed For Latest...

Shares of California's largest, and bankrupt, utility PG&E, plunged 26% to a new all time low on Friday... ... amid speculation that the company - which filed for bankruptcy at the start of the year as it was faced with soaring legal liabilities over its involvement in the most destructive California fire in history -…
dow-crashes-below-critical-technical-support

Dow Crashes Below Critical Technical Support

Update (1300ET): The Dow just broke its 200DMA... BTFD? *  *  * Dow futures are extending overnight losses, now down 700 points as the cash Dow nears its 200DMA and yuan tumbles... Yesterday's buying-panic gains are a distant memory... Dow cash is falling very close to its 200DMA once again... will it hold this time.…
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