^RUT - Russell 2000
| Previous Close | 1,180.32 |
| Open | 1,163.92 |
| Volume | 0 |
| Day's Range | 1,125.68 - 1,163.92 |
| 52 Week Range | 966.22 - 1,715.08 |
| Avg. Volume | 51,095,222 |
- MarketWatch
‘There is no gold.’ Bullion dealers sell out in panic buying
“There’s no gold,” says Josh Strauss, partner at money manager Pekin Hardy Strauss in Chicago (and a bullion fan). There’s roughly a 10% premium to purchase physical gold for delivery. Major gold dealers have sold out of coins and gold bars amid panic buying as the U.S. economy plunges and the government agreed to a record $2 trillion emergency lifeline.
- MarketWatch
Stock market breadth shows there might be light at the end of the tunnel
The 2020 meltdown in stocks was more extreme than any other bear market, including those in 1929, 1987 and 2008. The chart below compares the first 31 days of the 2020 crash (in yellow) with the first 31 days of the 1929, 1987 and 2008 bear markets.
- Investor's Business Daily
Dow Jones Dives To Pre-Trump Lows Despite Fed Stimulus, But Nasdaq Reverses Higher
The Dow Jones industrials dived more than 900 points to new session lows midday despite Fed stimulus, as coronavirus cases continue to surge outside China.
- Barrons.com
Stocks Revisit 2008 as Economy Looks Even Grimmer
Beset by the mass response to the coronavirus pandemic, the economy skidded to a halt and the markets suffered historic losses. Also: the case for telecom, in a nation hanging out at home.
- Zacks
Should iShares Morningstar Small-Cap Value ETF (JKL) Be on Your Investing Radar?
Style Box ETF report for JKL
- Bloomberg
Credit Has Ballooned Since 2008 Spelling Trouble for This Crisis
(Bloomberg) -- Why is credit under pressure once more? Mainly because the decade since the global financial crisis has not been the “Decade of Deleveraging” that many expected. Banks have delevered since then, but that debt largely has moved to governments and other corporates, both of which are far more heavily levered than they were in 2008. Household debt remains essentially unchanged.That explains why corporate credit is bearing the brunt of concerns this time — even the highest-quality corporate names. The yield spread that companies rated BAA or better by Moody’s must offer compared with Treasuries has shot up in recent days to the highest since 2012.As a result of this extra leverage, companies in the broad S&P 1500 have sharply increased their total debt to assets. The median company in the index now has a record leverage ratio, according to the SG Cross Asset team at Societe Generale.Smaller companies have taken on particularly big risks. SG Cross Asset shows that large-caps have far greater interest coverage. For the smallest 50% of all U.S. businesses, interest coverage already was declining before the current crisis took hold.The smaller companies have seen their share prices hammered as analysts increasingly fear they are overlevered. While operating earnings of businesses in the Russell 2000 have barely moved since the crisis, net debt has increased almost four-fold.The recent selloff has been driven by the collapse of the oil price, as well as concerns that the response to the coronavirus will hit economic growth. The U.S. shale revolution has been financed in large part by high-yield bonds, and FTSE’s index of high-yield U.S. energy credits has tumbled in the last week. It also did so when the oil price tanked from 2014-2016 during the last breakdown in OPEC discipline, but this fall has been even sharper.The problem is not restricted to the U.S. The national oil producers of Mexico and Brazil are vital to their host countries’ economic prospects, and both are the subject of deep criticism over their corporate governance. Yields on debt for Petrobras and Pemex have almost doubled since the oil price began its recent slide.Beyond the oil sector, there is concern that emerging markets, as defined by the Institute of International Finance, have sharply increased their borrowing since the 2008 crisis. This is true of households, governments and banks, and particularly nonfinancial corporations, whose debt on its own is now almost equivalent to total emerging-market GDP.Central to the concerns has been China’s corporate sector, which took on huge amounts of extra leverage after the country launched its aggressive fiscal stimulus at the end of 2008. There have been attempts to rein this in since China’s unscheduled and disorderly devaluation of 2015 briefly sent tremors through global markets. But China’s nonfinancial corporate debt remains some 60% higher than its GDP. Most is in local currency, and it remains to be seen how indebtedness will have been affected by the slowdown to contain the coronavirus.Meanwhile, emerging markets as a whole have — as usual — borne the brunt of the “risk-off” move in global markets. The JPMorgan EMBI spread, the benchmark for the extra yield emerging governments must pay compared with equivalent Treasuries, has shot up to the highest since the early weeks of 2009. For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- TheStreet.com
Investment Style: Tortoise or the Hare?
If you like the thrills that come with big-risk investing, your portfolio could pay the price for years to come.
- Investor's Business Daily
Dow Jones Stems Weekly Losses; FANG Stocks Facebook, Amazon, Netflix Lead
The Dow Jones traded up today after a week of sharp declines. The market remains highly uncertain amid the coronavirus stock market crash.
- Investor's Business Daily
Dow Jones Up 450 Points, Keeps 20,000 Level; Are These 5 Growth Stocks Coronavirus-Proof?
The Dow Jones Industrial Average is lagging a superior gain by the Nasdaq composite amid the stock market crash; can it hold above this week's lows?
- Benzinga
Thursday's Market Minute: Nowhere to Hide
It's hard to overstate the severity and speed of the decline in markets during the past few weeks, with near-universal declines across equity indices and commodities leaving investors with nowhere to hide.S&P 500 futures are struggling to hold above the lowest close of 2018 at 2342.25, with other products showing additional signs of weakness. Russell 2000 futures completed a 50/200-day SMA Death Cross yesterday, with Dow Futures, Nikkei 225 futures, and Emerging Markets futures almost certain to follow suit within the next couple of days.Even typically risk-off assets such as Gold saw shockingly sharp falls. The /GC futures contract finally failed to hold its 200-day SMA yesterday, closing below 1500 as it continues its 13% decline from the highs of Mar. 9.One of the only products that has looked bullish in recent days is the U.S. Dollar. Futures of the greenback have rocketed up about 8.7% since the lows on Mar. 9, completing its V-shaped recovery and far surpassing its previous highs. The explosive move up has now pushed the RSI for /DX futures into the overbought area and to its highest price since Jan. 11, 2017. Watch to see if the contract can take out the highs from this area near 102.185.See more from Benzinga * What's The Pattern Day Trading Rule? And How To Avoid Breaking It * Investor Movement Index Summary: February 2020 * Keeping A Downturn In Perspective: Here Are 5 Things To Remember(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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- Yahoo Finance Video
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- Yahoo Finance Video
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Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
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Yahoo Finance VideoHere’s what a recovery could like amid the COVID-19 pandemic
Brian Nick, Nuveen Chief Strategist joins Yahoo Finance’s On The Move to break down what economic policy makers are doing to make sure that the markets make a strong recovery.
Yahoo Finance Video'This situation is a bit different' compared to the '08 recession: Expert
Principal Financial Chief Investment Officer Todd Jablonski joins Yahoo Finance’s On The Move panel to discuss why he says "this situation is a bit different" than the 2008 recession.
Yahoo Finance VideoDr. Oz: it's your patriotic duty to not use a mask
Dr. Mehmet Oz, Host of "The Dr. Oz Show", joins Influencers with Andy Serwer to explain the dangers of the coronavirus and offer his expert advice about how to stay safe amid the COVID-19 crisis.
