7. Institutional investors continue to cast a vote of no-confidence on risk assets though…
(SSICI: readings >100 indicate State Street global custodian clients are increasing exposure to risk assets)$SPX $SPY pic.twitter.com/lxEehLnePj
— Callum Thomas (@Callum_Thomas) June 13, 2020
If you look across non-China EM, Latin America is the biggest casualty of COVID-19, with the 4-quarter moving average of non-resident portfolio flows going negative in Q1 2020. That outflow obviously reflects selling in Q1, but also a longer-term "disenchantment" with the region. pic.twitter.com/X5tkOe8J3A
— Robin Brooks (@RobinBrooksIIF) June 14, 2020
Oops! Defaults on the rise: the face value of defaulted non-financial corporate bonds has jumped to $70bn in Q2 2020—the largest on record, IIF says. US firms account for two-thirds of the total. pic.twitter.com/jDeyFFya26
— Holger Zschaepitz (@Schuldensuehner) June 13, 2020
🇺🇸 #Robinhood Market Made Bursting #Bubbles Wall Street’s Obsession – Bloomberg
*Link: https://t.co/JXcxNLDNwp pic.twitter.com/uOGmhUIb3C— Christophe Barraud🛢 (@C_Barraud) June 14, 2020
New Post:
COVID-19 Q & A…https://t.co/RKefcefLZe pic.twitter.com/vBWeCy2hjA
— Charlie Bilello (@charliebilello) June 14, 2020
