SUMMARY:
presser [historically, the non-potus comments were more truthful]:
potus: FEMA is activated in all regions, level 1, the highest level
potus: HUD: suspending all forclosures and evictions ‘till the end of April
potus: new vaccine testing have begun
pence: northern border to Canada is closed (except “essentials” like medical)
pence: tomorrow: video conference with all Governors and FEMA
task force: latest lab reports globally = 7% (not the previously reported 2%) of those tested are positive
task force: stop non-essential medical activity, conserve masks and personnel and medical equipment
Q&A:
potus: size of checks to Americans: to be determined
pence: we have tremendous stockpile of ventilators (10,000), DOD has more
task force, Veterans Affairs: 44 veterans tested positive, 1 died
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
DBC short. GLD nada; tricky. IYR short. SPY short but dangerous; the bulls do not like to give up. TLT nada, crazy. USO short. UUP long? Dunno about that, based on the chart.
Just in my opinion.
Charts posted are not recommendations. They are just a sharing of information.
YESTERDAY:
WHAT THE FUK:
“The Fed… Will Accept Stocks As Collateral”
The Fed announced the establishment of a Primary Dealer Credit Facility (PDCF) "to support the credit needs of households and businesses." [TRANSLATION: to support the banks. Period.]
“Credit extended to primary dealers under this facility may be collateralized by a broad range of investment grade debt securities, including commercial paper and municipal bonds, and a broad range of equity securities…. the following equities would not be eligible: exchange traded funds (ETFs), unit investment trusts, mutual funds, rights and warrants ..."
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
"No More Buybacks. Not Now, Not A Year From Now. Not Ever."
“... when there is a bailout... historically the companies reward the executives. They reprice their options, they give them more stock, they give them warrants…. Whatever it is that a company does for their executives, they should be required to proportionally do the same thing for everyone else that works for the company. Period, end of story."
[Mark Cuban, CNBC, 3/18]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.