US non-fin. corporates just issued a record amount of debt to temp. plug the hole in demand. A great deal of income generated during this period will therefore go towards debt service vs. productive capex. This sets us up for a difficult 2H as stimulus fades & macro strikes back. pic.twitter.com/YSd0r20xl3
— Julien Bittel, CFA (@BittelJulien) June 25, 2020
Large U.S. stocks aren't as expensive as they were at previous market extremes – but some markets are as cheap as they've ever been. Maybe they're worth a look? h/t @RA_Insights https://t.co/VCStPfihh8 via @bopinion pic.twitter.com/yg1p5tcqZO
— John Authers (@johnauthers) June 25, 2020
Hedge funds & large speculators have taken their largest net positions against S&P 500 since 2016 @CFTC @Bloomberg pic.twitter.com/XQ5CbSaPTV
— Liz Ann Sonders (@LizAnnSonders) June 25, 2020
U.S. Recovery Looks to Be Ebbing in States With Virus Outbreaks – Bloomberg
*Link: https://t.co/3hDDgIhD4g pic.twitter.com/yNsyCs35Um— Christophe Barraud (@C_Barraud) June 25, 2020
The recovery trend for most major advanced economies continues, though none are yet close to pre-crisis levels of activity, according to Bloomberg Economics’ daily activity gauges https://t.co/L7eET2d4Aj
— Bloomberg Asia (@BloombergAsia) June 25, 2020