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Stocks Bid Into Month-End Despite Americans' Unprecedented Cash-Hoarding 

By: capt_nemo in POPE 5 | Recommend this post (1)
Tue, 31 Mar 20 7:48 AM | 48 view(s)
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Amid an ever-escalating guess at the size of pension fund re-allocations funds (latest we saw was $150 billion) into month-end, both bonds and stocks were bid early on today, but as the day wore on, bonds weakened as stocks gained (driven by record IG issuance-driven rate-locks)...

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But while some are rebalancing into stocks, the scramble for cash among average Americans has almost never been more panicky..

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Just as notably, crude oil prices crashed to multi-decade lows today, completely decoupling from stocks (correlation crashed)...

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http://www.zerohedge.com/markets/stocks-bonds-bid-month-end-despite-americans-massive-scramble-cash




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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