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What makes today different is the speed of the unrelenting decline where a liquidity issue is perhaps morphing into a solvency issue.  The Federal Reserve threw everything in including the kitchen sink to perhaps to no avail.

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We are living in historical times.  The S & P 500 has moved a record 4% or more in eight consecutive sessions.  The previous record of six days was set in 1929.  Moreover, yesterday the markets stopped trading twice because of declines.

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As widely discussed, last week was one for the record books…the fastest correction ever because of the coronavirus. Indices were down about 11%-12% last week and off about 14% from their apex. ...

Equities were mixed Friday on contrasting statistics from China on how the coronavirus is spreading. Data was generally upbeat however some are concerned that retail sales were revised nominally lower in December. ...

December’s jobs data was nominally disappointing. In my view the biggest disappointment was wage growth which fell below 3% for the first time since July 2018. Based upon the Phillips Curve, wages should be rising with low unemployment. ...

In my view the opinions on Wall Street are either extremely bullish or bearish. The bullish camp contends technology shares will continue their exponential rise. Bloomberg writes Apple and Microsoft contributed about 35% to the Dow’s 2019 gains. As written several weeks...

An argument can be made the world’s sovereign debt markets just got a lot riskier as Sweden just ended a half of decade of negative rates. The question at hand will other central banks follow their lead? Everything in the world is priced...

2019 has not unfolded as anyone had expected. One year ago consensus predicted at least two more interest rate increases, a 10-year yielding around 3.50%, and markets generally flat to down. ...

Led by technology, equities traded lower. Some are pointing to yet another reduction in We Work’s valuation to under $8 billion. Several weeks ago it was valued around $47 billion. Others were pointing to Chinese data. While others suggested it was...