On Thursday, long-dated Treasury yields dropped on the back of new unemployment data. Another 5.25 million Americans applied for unemployment benefits last week showing how the coronavirus shutdowns are hitting the economy.
Investors seem to be flocking back into stocks Friday morning following a report that a drug from Gilead Sciences was showing effectiveness in treating the coronavirus. Traders were also digesting data news out of China, which showed the economy contracted by 6.8% in the first quarter. Friday's data calendar is relatively thin with only March's Leading Economic Index due at 10 a.m. ET. St. Louis Fed President James Bullard is due to speak via a webcast at 9 a.m. ET.
Buy on China Data.... Golden
jpmorgan GoldmanSachs WSJ MarketWatch 247WallSt Stocktwits By making the cuts, privately owned Cantor Fitzgerald is breaking from major investment banks, including Morgan Stanley, Goldman Sachs, and Citigroup. Cantor Fitzgerald to lay off hundreds
due to just so little hopes, yields move higher, have not be forgotten
Yields are .6%. That's great. Teacher and firemen pension funds need 8% . Schools better brace for colossal budget cuts.
What happened to all those articles about the bottom is still going to come and we should still be cautious? The bottom isn't going to come bc the market (even big money) knows this is just a short term hiccup. Buy at a discount and hold long term.
glid one site news no data again good job insiders where the hell is sec and feds
- The rest of the world really couldn't give a to$$ about China.