A Wall Street chief strategist details 8 ways today’s economy mirrors the 1980s recession recovery — and how it can lift stocks even higher

The inflation surge seen four decades ago kicked off “a fabulous ‘disinflationary,’ two-decade performance in both the economy and the stock market,” he wrote in a recent note. With policymakers setting the stage for a rise in inflation, the US is on track to usher in a similarly fruitful expansion, the strategist added. Detailed below … Read more

U.S. economy shrank at record-breaking 33% rate last quarter

By far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7 %, the government said Thursday. The Commerce Department’s estimate of the second-quarter decline in the gross domestic product, the total output of goods and services, marked the … Read more

A 30-year market veteran explains why we’re in ‘one of the nutsiest bubbles in the history of bubbledom’ — and warns of an ‘underwater’ economy for the next several years

Charles Biderman, a 30-year market veteran and founder of TrimTabs Investment Research, can’t believe his eyes. It’s safe to say that 2020 has been a peculiar year for markets. Despite a global pandemic, a 30 percent-plus stock plunge, 13% unemployment, and an economy that’s mostly still closed, the S&P 500 is trading less than 5% … Read more

Newport LLC, an Advisory Firm Serving Middle Market Companies, Releases Insights on The Pandemic Fracture and 5 Shifts That Will Shape Our Future

The COVID-19 Pandemic, and the policy response to it, have fractured everything we knew as “normal.” Long-standing tensions and social distancing have collided to throw our world into disarray leaving business leaders to search for the “new normal” while re-assessing their business. This Pandemic Fracture has given rise to 5 Shifts that will shape our … Read more

A dozen companies declare financial impact of covid-19 after a rap from Sebi

After a rap by Securities and Exchange Board of India (Sebi), a dozen odd companies have disclosed the financial hit from the covid-19 crisis. Most entities in the listed universe so far had been disclosing suspension of operations because of the lockdown but did not report on the financial impact of the actions, citing uncertainty … Read more

Covid2019 impact on economy is impossible to predict

Pick up any Q4 (March ending) FY 20 results and you will surely see the following statement – “The duration and severity of COVID-19 and the disruption caused to business environment cannot be reasonably estimated.” Likewise, checkout interviews from any respected businessman or filings made by Companies on the stock changes. The theme is common … Read more

RBI further cuts rate by 40 bps. What about previous cuts?

In a widely expected move, RBI today slashed policy rates by 40 bps to ease Covid2019 impact. The repo rate now stands at 4% and reverse repo at 3.35%. This is the second significant cut in the year. Previously, in March RBI had cut the repo rate by 75 bps. “The MPC also decided to … Read more