The amount of federal money Congress has added to state employment checks could prove a big disincentive for people to work or return to their jobs.
Wear a mask, save some lives. It doesn't matter if they are not perfect.
QE does not produce growth, it just delays the inevitable problem and kicks the can further down the road. Meantime, we have a curve ball (the Fed) that keeps throwing trillions at the market, buying riskier assets each time.
The seeds of this government takeover of markets were planted more than a decade ago.
But as jobless claims explode while the coronavirus takes its toll, we have heroes at the nation's hospitals and heroes delivering packages and stocking shelves, and we have possibly the greatest Fed ever.
Buying the market here is about pricing the economic recovery and the end of financial damage being priced into these stocks.
As the Covid-19 crisis takes its toll on our people and economy -- and the world's -- we must break things down as simply as possible to see what's happening.
One act by Luckin will call into question virtually every Chinese company listed on the NYSE and Nasdaq.
Most of the media continues to focus on the national response to the coronavirus.
My market thesis remains that the recent strength is just a sizable counter-trend rally that will fizzle out -- and keep an eye on jobless numbers this week.