Monday, March 23, 2020

Dow Turned Up 600 Points From Down 900+ 道指数下跌900点以上反转至上涨600点

Pre-Market Futures Trading:




World and US COVID-Statistics, source BNO News:





。Mish Talk COVID-19 confirmed cases projection:


。U.S. stock futures surged on Monday, erasing steep overnight losses after the Federal Reserve unveiled new measures to keep markets working properly. Wall Street awaited Washington lawmakers to agree to an economic stimulus and rescue plan to cushion the blow from the coronavirus outbreak. One of the measures taken by the Fed were an an open-ended asset purchase program, which the central bank will run in the “amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions and the economy.”---CNBC

。Asian shares sank on Monday as a rising tide of national lockdowns threatened to overwhelm policymakers’ frantic efforts to cushion what is likely to be a deep global recession.MSCI’s broadest index of Asia-Pacific shares outside Japan lost 3.8%, with New Zealand’s market shedding a record 10% as the government closed all non-essential businesses.Shanghai blue chips dropped 3.11%, Hong Kong down 4.86% though Japan’s Nikkei rose 2.02% aided perhaps by expectations of more aggressive asset buying by the Bank of Japan.---Reuters

。Top-level White House and congressional negotiators burned the midnight oil over the now-nearly $2 trillion coronavirus rescue package. Democrats blocked the bill in Sunday’s vote, saying it did too much to bail out companies and not enough to help workers. Several GOP senators, including Rand Paul, who tested positive for the coronavirus, were not present to vote. Others, such as Mitt Romney, were in quarantine as a precaution. The Federal Reserve and Treasury are working on financing programs that could be worth $4 trillion. Goldman Sachs upgraded shares of Boeing, which is hoping for a bailout. Boeing stock has dropped 80% from recent highs on the dual crises of the outbreak and the grounding of its 737 Max. ---CNBC

。While politicians in Washington argue about how to direct stimulus, the real world effects of the virus continue to mount. Delaware, Louisiana and Ohio are joining California, Illinois and New York in ordering all residents to stay at home. In Italy, one of the hardest hit countries, even stricter measures were introduced over the weekend which amount to an almost complete shutdown of industrial activity in the country. Hong Kong has banned all non-resident arrivals for fourteen days as the city faces a second wave of infections. India is trying to lock down most of its urban areas and Japanese Prime Minister Shinzo Abe said a postponement of the Olympics may be inevitable. ---Bloomberg

。While economists in the U.S. are still stopping short of forecasting the economy entering a depression, their outlooks are looking increasingly gloomy for the short term. Measures already announced amount to a sudden stop for the economy, meaning a recession is probably already baked in, with the next quarter likely to be the worst for growth since records began in 1947. Goldman Sachs Group Inc. predict a 24% contraction in the April-June period and Morgan Stanley see a 30.1% plunge. Federal Reserve Bank of St. Louis President James Bullard is even more pessimistic, saying growth may drop 50% and unemployment hit 30%. ---Bloomberg

。The world will take years to recover from the coronavirus pandemic, the Organisation for Economic Co-operation and Development has warned. Angel Gurría, OECD secretary general, said the economic shock was already bigger than the financial crisis. He told the BBC it was "wishful thinking" to believe that countries would bounce back quickly. ---BBC

。Besides the obvious metric -- a peak in new cases -- strategists are highlighting the following as among potential measures for a turnaround:

-Two or three straight days of gains for equities
-A stabilization in funding markets
-Fiscal packages seen as sufficient enough to avert mass bankruptcies and support incomes for those laid off
-A pharmaceutical development that offers a solution

---Bloomberg







盘前期货交易:




世界和美国的COVID-19统计信息,来源BNO新闻:





。MishTalk COVID-19确认病例预测:



。美联储公布新措施以保持市场正常运转后,美国股市周一大幅反转上涨,消除了隔夜的大幅下跌。 华尔街正在等待华盛顿立法者同意一项经济刺激和救援计划,以缓解冠状病毒爆发带来的打击。 美联储采取的措施之一是一项开放式资产购买计划,该央行将以“支持平稳市场运行以及将货币政策有效地传递给更广泛的金融环境和经济所需的金额运行”。 --CNBC

。周一,亚洲股市下跌,原因是国家禁闭浪潮不断加剧,威胁到决策者为缓解可能造成严重全球性衰退的疯狂努力. MSCI除日本外的亚太股票指数下跌3.8%,新西兰股市下跌创纪录的10%,因为政府关闭了所有非必要业务。上海蓝筹股下跌3.11%,香港下跌4.86%。日本日经指数上涨2.02%,这可能是受日本央行(Bank of Japan)预期更积极购买资产的推动。---路透社

。白宫高层和国会谈判代表在如今已近2万亿美元的冠状病毒救助计划中通销工作。民主党人在周日的投票中阻止了该法案,称该法案对救助公司的作用太大,不足以帮助工人。一些共和党参议员,包括兰德·保罗,他们的冠状病毒检测呈阳性,没有出席投票。为预防起见,其他人,例如米特·罗姆尼(Mitt Romney)则被隔离。美联储和财政部正在研究可能价值4万亿美元的融资计划。高盛(Goldman Sachs)调升了波音公司的股票评级,该公司希望获得救助。由于爆发的两次危机以及波音737 Max的停飞,波音股价已从近期高点下跌了80%。 --- CNBC

。尽管华盛顿的政客们正在争论如何引导刺激措施,但该病毒在现实世界中的影响仍在继续增长中。特拉华州,路易斯安那州和俄亥俄州正在加入加利福尼亚州,伊利诺伊州和纽约的行列,命令所有居民留在家里。在意大利(受灾最严重的国家之一),周末采取了更加严格的措施,这几乎等于该国工业活动的完全停止。由于香港面临第二波感染,香港已禁止所有非居民入境十四天。印度正试图封锁大部分城市地区,日本首相安倍晋三表示推迟奥运会可能是不可避免的。 ---彭博

。尽管美国经济学家仍未预测经济将会陷入萧条,但短期内他们的前景似乎越来越黯淡。已经宣布的措施使经济突然停顿,这意味着衰退可能已经开始,下一季度可能是自1947年有记录以来的最糟糕的增长。高盛集团(Goldman Sachs Group Inc.)预测,美国经济将收缩24%。 4月至6月,摩根士丹利(Morgan Stanley)预期会暴跌30.1%。圣路易斯联邦储备银行行长詹姆斯•布拉德(James Bullard)更为悲观,他说增长可能下降50%,失业率达到30%。 ---彭博

。经济合作与发展组织警告说,世界将需要数年时间才能从冠状病毒大流行中恢复。经合组织秘书长安吉尔·古里亚(AngelGurría)表示,经济冲击已经大于金融危机。他告诉英国广播公司,相信各国会迅速反弹只是“一厢情愿的”。 ---英国广播公司

。除了显而易见的指标(在新增确诊案例达到顶峰)外,策略师还强调以下是可能股市反转向上的预示:

-股票连续两到三天上涨
-资金市场稳定
-财政措施被认为足以避免大规模破产并为下岗人员提供收入
-提供解决方案的解药开发

 ---彭博


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