Daily Archives: June 20, 2020


#Fed's Clarida says there is more the central bank can do for U.S. economy – Reuters
*Clarida said there is no limit to the Fed’s potential purchases of Treasury securities or mortgage-backed securities.https://t.co/X1dodR7M0w

— Christophe Barraud (@C_Barraud) June 20, 2020

U.S. Cases Rise 1.4% (biggest percentage rise in six days), Topping 7-Day Average (4 p.m. NY) – Bloomberg
*Link: https://t.co/Z37mQbgkpT pic.twitter.com/EcfEbKvZ4F

— Christophe Barraud (@C_Barraud) June 20, 2020

U.S. Virus Cases Accelerate While #Trump and Governors Move On – Bloomberghttps://t.co/KRx861rqsE

— Christophe Barraud (@C_Barraud) June 20, 2020

Top members of coronavirus task force advised against #Trump's #Tulsa rally – NBChttps://t.co/d4GWNggm5y

— Christophe Barraud (@C_Barraud) June 20, 2020

#Apple to Close Some U.S. Stores Again as #Covid-19 Spikes – Bloomberghttps://t.co/fqJ0t25g2r

— Christophe Barraud (@C_Barraud) June 20, 2020

#Brazil Blows Past 1 Million Infections With No Peak in Sight – Bloomberg
*Brazil reported a record 54,771 cases Friday (the largest daily increase reported by any country since the pandemic began).https://t.co/jq0w65kTsC

— Christophe Barraud (@C_Barraud) June 20, 2020


S. Korea's new virus cases surge to 67 as imported cases spike – Yonhap
*#SouthKorea reported the biggest rise in daily new coronavirus cases in nearly a month Saturday.https://t.co/jUOBg4ZLUD

— Christophe Barraud (@C_Barraud) June 20, 2020

#China’s air force approached #Taiwan on Friday for the fourth time in four days, Taiwan’s military said, as China steps up manoeuvres near the island that Beijing claims as its own territory – Reutershttps://t.co/IyZCNO4pgu

— Christophe Barraud (@C_Barraud) June 20, 2020

China’s top legislative body ended its meeting on Saturday without any mention of the proposed security law for Hong Kong, according to the official Xinhua News Agency https://t.co/YQKd5ZXrJQ

— Bloomberg Asia (@BloombergAsia) June 20, 2020


#Europe Will Have a #Digital Tax, No Matter What, Says Breton – Bloomberghttps://t.co/0Y7DuOgkGX

— Christophe Barraud (@C_Barraud) June 20, 2020

Germany's confirmed coronavirus cases rise by 601 to 189,135: RKI https://t.co/9i8limGOee pic.twitter.com/tLJyJlefep

— Reuters U.S. News (@ReutersUS) June 20, 2020

#Turkey Revises Required Reserve Rule to Help Boost Loan Growth – Bloomberghttps://t.co/Naw16e3rwW

— Christophe Barraud (@C_Barraud) June 20, 2020

US companies have become more independent of banks in financing since the 2008 financial crisis. The situation is quite different in Europe. 80% of corporate financing comes from banks. (Chart via DB) pic.twitter.com/TnIxG22bPE

— Holger Zschaepitz (@Schuldensuehner) June 20, 2020

This is a KILLER chart, showing how technology companies are churning out money at a pace that every other industry combined cannot match. pic.twitter.com/9CWjYLwfwJ

— Robin Wigglesworth (@RobinWigg) June 19, 2020

The #Nasdaq #Biotechnology Index reached a record on Friday, once again giving the 207-member equity gauge the performance edge over the broader Nasdaq Composite Index – Bloomberg pic.twitter.com/YKS4kik12O

— Christophe Barraud (@C_Barraud) June 20, 2020

NASDAQ 100 / S&P 500 ratio is *HIGHER* than where it was at the top of the dot-com bubble!

Also, the ratio's monthly RSI right now can only be matched by 3 other months in history:

December 1999-February 2000 (peak of the dot-com bubble) pic.twitter.com/vCKHBJ4oH7

— Troy Bombardia (@bullmarketsco) June 20, 2020

"Instead, through the Fed’s actions, the correction was halted, and the “clearing process” was not allowed to occur. The outcome has been even higher levels of corporate leverage, and valuations remain grossly elevated on many different levels."https://t.co/deEEdtEPbn pic.twitter.com/Jtf6mFzZKW

— Lance Roberts (@LanceRoberts) June 20, 2020