Wells Fargo: Our short-term outlook (through June 2020)

We are now seeing the third wave of the coronavirus. The first wave was in China’s Hunan province, which remains the epicenter of the disease. The second wave was broader China. The third wave is around the world, focused primarily in Europe, the Middle East, and South Asia.
The p…[Read more]

China’s top health authority expects coronavirus vaccines to be available for emergency and clinical research use in April. National Health Commission said teams pursuing five approaches. Cautioned about obstacles.

MS Cross Asset: It’s too early to ‘buy the dip’ in equities and credit, the risk/reward in selling some equity vol and fading term structures is now favorable

Kolanovic: 3 reasons why this can squeeze higher
1. No communism…..As of only a few days ago, Sanders appeared highly likely to secure the nomination (e.g. odds plunged from 65% to 16% now). We think yesterday’s results are likely not fully priced in the market

2. Rate cuts outlive COVID………A possible scenario is that the COVID-19 e…[Read more]

G7 Ministers: We are ready to take actions, including fiscal measures where appropriate, to aid in the response to the virus and support the economy during this phase.

Mislav Matejka, head of strategy at JPM and a leading voice of the long term bull is slightly changing message:
1. relief bounce is likely given heavily oversold conditions, but markets to remain under pressure for longer…
2. now believe that stocks will remain under pressure for longer.
3. Expect an imminent relief bounce–
4. markets will s…[Read more]