Blogs

There's a speculative boom I've seen an endless amount of articles and posts about the effects of COVID-19 on the economy and businesses. Some of the most-interesting angles are about how long-term changes in the economy — like telecommuting — will be accelerated by the pandemic.

CNBC report There will not be discussions on a new stimulus package, according to CNBC's Kayla Tauche. She said Senator leadership and the White House are all in agreement that no discussions on the next step should move forward until all of the money from the existing programs has been disbursed and spent.

Morgan Stanley takes a closer look In a note today, Morgan Stanley writes about the Chinese consumer has responded to the broad reopening of the economy. China was hit first by the pandemic and has been first to reopen but being totally 'open' doesn't mean it's totally normal and the parallels are critical.

UK deaths fall on the day The Monday UK numbers are an illusion. They're always low on Monday because either people don't die in the UK on Sundays or they don't count the correctly. It's the same story every week and it's disconcerting that officials haven't corrected some obvious flaw in their methodology.

Italy virus cases generally slowing Meanwhile, Italy's budget deficit in April was 17.9B euros. See here for global coronavirus case data

 Daily deaths to rise to around 3000 per day from 1750 currently CLICK HERE The current level is around 1750. The administration projects a steady rise until June 1st to take the death toll to 3000 per day.  The Federal Emergency Management Agency, forecast about 200,000 new cases each day by the end of the month

New Hospitalizations lower too The NY coronavirus numbers are being released with total hospitalizations lower and deaths also moving lower See here for global coronavirus case data

We brought this news on the weekend Comments on the weekend confirmed that two of the three Texas Railroad Commissioners weren't going to support quotas via prorationing.

Declines erased. S&P index trades near session highs Looking at hourly chart below, the move to the upside has moved close to the 100 hour MA at 2836..04.  A move above that level would be more positive from a technical perspective (blue line in the chart above). The indices 50 hour moving average is at 2866.36, […]

Up $0.61 or 3.1%  For the July contract, the price is currently trading at $22.79 heads up $0.49 or 2.2%. It's high price reached $22.96 while its low price was at $20.84