Equity markets rebounded this week, most up 10% or more. Two macro forces have driven markets, both equity and fixed income, into disarray. Offered yields on ultrashort Treasury bills are current negative, the first time since WWII. Unemployment claims jumped from around 200k last week to 3.28 million this week,…

17 Trading Days from All-Time Highs to Panic Lows  The turning point is happening. We are moving our self into a recession, intentionally, to prevent a worse outcome. That’s what happening right now. As I type this, schools in Pennsylvania and 18 other states are shut down for at least…

Monday saw the biggest point gain ever on the Dow, climbing 1293 points and 5.09%. It wasn’t to last though as equity markets only inched back after last week’s carnage. The Dow finishing the week up 455 points or 1.79%. Most of the market moves are a result of the…

This week’s slaughter occurred more than a month after the virus really gained attention. Initially, the market traded like the virus would be contained to China but that is not the case anymore. In eight trading days, the S&P has fallen 12.76% from all-time highs. Markets have been rattled by…