6th Apr 2020
Morning
Couldn’t bear to open TWS. Indexes in Asia and Europe bouncing on slightly reduced rate of increase of cases. I can’t see this bailing out the companies, but the market is looking for a reason to bounce, and found it today.
wolfstreet property mutual funds gated UK property in bad shape.
Credit Bubble Bulletin remains one of the best summaries of markets news. This edition thinks that EM, China, are all in big trouble. My thoughts are that the best way to monetize this is to short the currency. There is not enough liquidity in the stock market now and small changes in sentiment produce outsize swings in prices.
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