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S&P Opens Down 7%, Triggers Circuit-Breaker – Halted For 15 Mins
S&P Opens Down 7%, Triggers Circuit-Breaker – Halted For 15 Mins It’s a Monday morning replay. S&P cash markets have opened down 6.7%, bounced a little, before tumbling back down to a 7% loss, triggering the first system-wide circuit-breaker, causing markets to halt trading for 15 minutes. During US trading hours (Cash) Level 1: 7% fall […]
S&P Opens Down 7%, Triggers Circuit-Breaker – Halted For 15 Mins
S&P Opens Down 7%, Triggers Circuit-Breaker – Halted For 15 Mins As we noted pre-open, S&P futures were locked limit-down 5%, but as we noted SPY was trading down 7.5% in the pre-open and now that the cash S&P 500 has opened and tumbled 7%… it is now halted for 15mins as the first major circuit-breaker […]
“Contagion Runs The Risk Of Spreading” In India’s Financial Sector, Rating Agency
“Contagion Runs The Risk Of Spreading” In India’s Financial Sector, Rating Agency India, one of the largest emerging markets in the world, is at serious risk of widespread contagion ripping through its banking sector as many large financial companies have already seen their equity value halved over the last 12 months, S&P Global Ratings said […]
US Equity Futures Trade Near All Time High After ECB Goes All In
US Equity Futures Trade Near All Time High After ECB Goes All In If it was Powell’s intention to have the S&P trade at an all time when he cuts rates by another 25bps next Wednesday, he achieved it. S&P futures rose alongside Asian and European stocks as shares globally headed for a third weekly […]
Argentina Is Officially In Default Again: S&P Downgrades Credit Rating To SD
Argentina Is Officially In Default Again: S&P Downgrades Credit Rating To SD The IMF just broke its own record of incompetence: less than a year after its record, $57 billion bailout of Argentina was finalized, S&P just downgraded the country from B- to Selective Default – the equivalent to a default rating – following the […]
Why Morgan Stanley Thinks The S&P Is About To Crash
Why Morgan Stanley Thinks The S&P Is About To Crash Echoing Guggenheim’s fears that US equities are in for a dramatic collapse, Morgan Stanley’s Mike Wilson warns that “…if equity markets fail one more time at our key resistance point, we believe the reversal is likely to be sharper and deeper than one might expect, even if […]
Pain Is Inevitable; But Suffering Is Optional
Pain Is Inevitable; But Suffering Is Optional How to avoid becoming collateral damage in the coming crash. Sometimes you really do find enlightenment at the top of the mountain. I spent this week hiking in Montana’s Bitterroot mountain range, as a participant in the pilot run of a new personal-growth-through-adventure-travel startup. In our group was […]
“No One Has Outlawed Recessions” Stockman Sees S&P Fair Value “Way Below 2000”
“No One Has Outlawed Recessions” Stockman Sees S&P Fair Value “Way Below 2000” “If you’re a rational investor, you need only two words in your vocabulary: Trump and sell,” says David Stockman, former President Reagan’s Office of Management and Budget director, warning that a 40% stock market plunge is closing in on Wall Street. While […]
S&P Reveals $5.8 Trillion In “Hidden” Chinese Debt With “Titanic Credit Risks”
S&P Reveals $5.8 Trillion In “Hidden” Chinese Debt With “Titanic Credit Risks” When it comes to estimating China’s total outstanding debt, there has long been confusion about the real number with most putting the debt/GDP at around 250%, while the IIF last year calculated China’s debt load as high as 300% of GDP. Now, China […]
Measuring The Equity Bubble – “You Are Here”
Measuring The Equity Bubble – “You Are Here” On best revisions for GDP and earnings in 2018 after Tax reform, the S&P is now less expensive than before, at just 57% above historical average… In this brief note, we wanted to update our value indicator for the S&P, after the steep consensus upgrades to US earnings and […]
S&P Downgrades Venezuela To “Selective Default” After Bondholder Meeting Devolves Into Total Chaos
S&P Downgrades Venezuela To “Selective Default” After Bondholder Meeting Devolves Into Total Chaos Creditors had little expectations from today’s ad hoc meeting with “soon-to-default” Venezuela, and with good reason: not only was the meeting attended by several sanctioned Venezuelan officials, potentially jeopardizing the legal status of any bondholders who voluntarily appeared at the Caracas meeting […]
