A look at GLD and the Fidelity Select Gold Portfolio fund.
It is time for the Administration to step up and lead the assault on Covid-19.
While a bounce could come soon, recession fears and massive uncertainty will stop a quick recovery.
The market is all about technicals now. The real buying will only come once the virus is contained or Fed goes all in, as China seems to be willing to do so at all costs.
This rally is not new.
If applied to derivatives as has been suggested, the tax would eliminate most speculators and liquidity would implode.
With central banks cutting rates aggressively and China and the U.S. pumping even more liquidity, be careful of being too bearish.
The PBOC is taking measures to make sure the economy is insulated from any long-lasting effects from the virus slowdown. But how much ammunition does China really have?
We are currently witnessing both markets stretched to extremes.
There is no way economic costs won't be felt from the coronavirus, but stocks are acting like the economy is booming.