SoftBank Downgraded; Ford Becomes Junk

SoftBank Downgraded; Ford Becomes Junk

The US stock market saw its first consecutive daily gain after more than a month. This syncs up well with the first new bond issue in Asia that has also come after a month. Markets are upbeat as the US Congress closes in for a fiscal stimulus plan to alleviate the...
Adani Abott Point Downgraded To Junk

Adani Abott Point Downgraded To Junk

A time it was, and what a time it was, it was A time of innocence A time of confidences (Bookends theme, Simon & Garfunkel) No Confidence has been instilled. The last few weeks have seen central banks cut rates, announce buy-backs, fiscal stimulus, helicopter...
US Treasuries Sell-Off even as Stocks continue to fall; Airline Sector First To Be Hit By Coronavirus

US Treasuries Sell-Off even as Stocks continue to fall; Airline Sector First To Be Hit By Coronavirus

  Old and wise traders have always whelped young traders with a final mantra, when everything is falling, only one thing goes up, US treasuries. That did not happen yesterday…   US Treasuries Sell-Off even as Stocks continue to fall Markets saw a rare day...
Fed Certainly Uncertain – Cuts Rates by 25bps

Fed Certainly Uncertain – Cuts Rates by 25bps

The U.S. Federal Reserve cut interest rates for the first time in more than a decade on Wednesday 31 July, citing “implications of global developments for the economic outlook as well as muted inflation pressures”. Fed Chairman Jerome Powell said the cut was to...
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