Comedians gets paid to make people laugh. But in this case, there is no comedian needed. The markets themselves are a laugh. Someone sneezes and it drops 4 or 500 points. It’s truly a joke! The only notable buyer has been of course, stock buybacks. The continued trend has persisted. Now while central banks have also been buyers, apparently buybacks largely persisted throughout the supposed blackout period of April. I hope they have an unlimited checkbook to keep this party going.
Markets: Indexes, Bonds, Forex, Key Commodities, ETFs
https://www.cnbc.com/markets/
Dow drops 470 points on growing trade-war threat, biggest decline since early January
https://www.cnbc.com/2019/05/07/us-stock-market-us-china-trade-tensions-remain-in-focus.html
Gundlach: Better than 50% chance new tariffs happen, further hitting stocks
https://www.cnbc.com/2019/05/07/jeffrey-gundlach-sees-better-than-50percent-chance-new-tariffs-happen-further-hitting-stocks.html
^NYA 12,778.50 -198.17 -1.53% : NYSE COMPOSITE (DJ) - Yahoo Finance
https://finance.yahoo.com/quote/%5ENYA/
IT companies are on pace to spend the most on stock buybacks in 2019 - Axios
https://www.axios.com/stock-buybacks-2019-tech-sector-f75e4835-4934-442d-b13f-091b4b881c11.html
Stock buybacks ramp up while investors turn to ETFs — BofA | Financial Times
https://www.ft.com/content/651c05cc-70ce-11e9-bbfb-5c68069fbd15
bofa buybacks 1.jpg (532×277)
Soaring bankruptcies in Farm Belt force banks to boost defenses | American Banker
https://www.americanbanker.com/articles/soaring-bankruptcies-in-farm-belt-force-banks-to-boost-defenses
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