Updates are in reverse order, meaning the latest update is just below. UPDATE: January 18, 2021 It has been almost a year since our first post on the coronavirus [see: More Where That Came From.] We tried to stay away from politics. But, it was often very difficult – such as when this Feb 25 … continue reading →
Tag Archives: COVID-19
Ultra low interest rates don’t do much for traditional banking earnings, but they’re pretty fantastic for highly leveraged banks such as Goldman that are only too happy to front run the tsunami of Fed liquidity injections. Between GS and more positive vaccine news (Moderna) the futures have pushed to higher highs, settling the question as … continue reading →
Today is a very important day in the markets. The signals that prompted us to short on several days ago are still intact, and more have joined their ranks – the most notable being the breakdown in the 10Y flag pattern. ES snuck down and tagged our SMA200 target overnight. To put things simply: If … continue reading →
It’s surreal, watching our “leaders” debate how many deaths are acceptable and whether workers and children should be sent back into harm’s way. Only a few weeks ago, we all agreed upon the need to flatten the pandemic’s curve so we could prevent a surge from overwhelming our medical system. Now, the debate is about … continue reading →
I’ve done some calculations on the spread of the coronavirus in Italy, which has presumably learned a thing or two from China’s experience but suggests a path for other countries just now coming to terms with their own exposure. Granted, Italy’s quarantine and aggressive treatment might put a dent in the exponential rate at which … continue reading →