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  08-04-2020 23:48 via feedproxy.google.com
  
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• A Wall Street wealth chief breaks down why the coronavirus bear market may be unique in history — and pinpoints the areas where traders should be buying right now

  08-04-2020 23:05 via feedproxy.google.com
  
  Glenmede's Jason Pride and Michael Reynolds say it's possible to identify three types of bear markets. And so far, the current downturn matches the shortest and least severe type.
  However, they say that if anti-pandemic measures stay in place long enough, the result would be the longest and most severe type of bear market, associated with recoveries that take almost a decade.
  In the face of that frightening prospect, they're telling investors to think very long-term.
  Visit Business Insider's hom
  
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• A 'Black Swan' fund posted a massive 4,000% return after the coronavirus blew up markets

  08-04-2020 23:05 via feedproxy.google.com
  A "Black Swan" hedge fund posted a 4,144% return last quarter after the novel coronavirus outbreak tanked markets.
  Universa Investments' chief, Mark Spitznagel, trumpeted the massive gain in a letter to clients, The Wall Street Journal reported on Wednesday.
  Spitznagel — a protégé of Nassim Nicholas Taleb, the author of "The Black Swan: The Impact of the Highly Improbable" — recently predicted markets would fall further.
  "For people who are worried about having missed i
  
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• These 5 staggering estimates for weekly unemployment claims show just how deeply the coronavirus crisis has damaged the US economy

  08-04-2020 23:04 via feedproxy.google.com
  
  The consensus economist estimate is that 5 million Americans filed for unemployment insurance in the week ending April 3. The report will be released by the Labor Department on Thursday. 
  During the week ending March 21, 3.3 million Americans filed for unemployment benefits. And in the following week, 6.6 million more filed, bringing the total to nearly 10 million in just two weeks. 
  "There were broad signs that state governments were increasing hiring or shifting resources to better p
  
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• 'I no longer feel defense should be favored': Billionaire investor Howard Marks urges clients to take advantage of bargains in the market

  08-04-2020 23:04 via feedproxy.google.com
  Attractive entry prices and new details about the economic toll of the coronavirus pandemic make for an appealing investing environment, Oaktree Capital founder Howard Marks said in a memo to clients on Monday.
  Those who aren't willing to take on risk will miss out on a likely uptrend when the virus threat subsides, he wrote.
  Even the most cautionary buyers should take on more offensive strategies to capture value while it lasts, Marks added.
  Investors aiming to time the market bottom are using
  
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• Senator who dumped stocks after confidential briefing says she'll divest from individual shares

  08-04-2020 22:31 via feedproxy.google.com
  
  Sen. Kelly Loeffler said on Wednesday that she'll divest from owning individual stocks. 
  The Georgia Republican was widely criticized after she sold stocks following a confidential briefing. 
  Loeffler says that she did not trade on the confidential information, and that the decisions were made by third-party managers. 
  A second report showed she sold shares in Lululemon and TJ Maxx but bought shares in a company that produces protective equipment. 
  Visit Business Insider's ho
  
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• The Dow surges 780 points on COVID-19 recovery efforts as oil prices spike

  08-04-2020 22:06 via feedproxy.google.com
  US stocks gained on Wednesday as investors cheered a slowdown in new US coronavirus cases and the White House's early plans for economic recovery.
  The gains came after Tuesday's wild reversal that saw all three major US indexes erase sharp early gains and close lower.
  The Trump administration said on Tuesday that it planned to reopen economies in smaller cities and towns less harmed by the outbreak before allowing larger, heavily hit cities to resume activity.
  Oil surged as much as 12% amid moun
  
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• Oil surges 12% on hopes that a deal to cut production is coming soon from OPEC and its allies

  08-04-2020 21:21 via feedproxy.google.com
  Oil gained Wednesday as investors look forward to OPEC and its allies meeting later this week to discuss potential production cuts amid the coronavirus pandemic. 
  US West Texas Intermediate crude spiked as much as 12% to $26.45 per barrel on Wednesday while Brent crude gained nearly 4% to $33.87 per barrel. 
  Oil prices have tanked as the coronavirus outbreak has cratered supply while a price war between Saudi Arabia and Russia threatened to boost demand. 
  Watch oil trade live on M
  
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• The Fed estimated a 'more adverse' coronavirus outbreak would plunge the US into a year-long recession, meeting minutes reveal

  08-04-2020 21:05 via feedproxy.google.com
  
  The Federal Reserve's directors envisioned two economic scenarios of differing intensity as the coronavirus began driving business shutdowns and layoffs, Federal Open Market Committee meeting minutes released Wednesday showed.
  A short-lived outbreak would bring an economic recovery in the second half of the year, the board said in the emergency session, while a prolonged crisis would push a rebound into 2021.
  Several directors agreed that the "healthy state of the US banking system" and the viru
  
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• The definitive collection of top Wall Street stock picks as coronavirus ravages markets

  08-04-2020 21:05 via feedproxy.google.com
  
  Hello! I'm Joe Ciolli, and I oversee the investing and markets coverage at Business Insider. Listed below are some of the great stories we have available to subscribers.
  Each one of them highlights single stock picks recommended by some of the smartest minds on Wall Street. Click here to claim a 20% discount on an annual subscription to BI Prime. 
  But before we get into the lists, allow me to set the scene...
  The stock market has been shaken to its very core by the novel coronavirus.
  
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• The Dow climbs 700 points after Trump administration shares COVID-19 recovery plan

  08-04-2020 20:58 via feedproxy.google.com
  US stocks gained on Wednesday as investors cheered a slowdown in new US coronavirus cases and the White House's early plans for economic recovery.
  The gains came after Tuesday's wild reversal that saw all three major US indexes erase sharp early gains and close lower.
  The Trump administration said on Tuesday that it planned to reopen economies in smaller cities and towns less harmed by the outbreak before allowing larger, heavily hit cities to resume activity.
  Oil continued to slide as traders h
  
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• Small Business Administration official blasts big banks, accusing them of dragging their feet on coronavirus assistance for struggling companies

  08-04-2020 20:21 via feedproxy.google.com
  
  A Small Business Administration official was recorded chastising big banks, accusing them of purposefully slowing down a program to lend to small businesses hurt by the coronavirus. 
  Joseph Amato, a district director in Nevada, made the comments on a webinar hosted by a Las Vegas attorney.
  "Some of the big banks that had no problem in taking billions of dollars of free money as bailout in 2008 are now the biggest banks that are resistant to helping small businesses so that should tell you s
  
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• A top federal official blasts big banks that took bailout money in 2008 for being 'resistant' to help struggling small businesses

  08-04-2020 19:53 via feedproxy.google.com
  
  A top federal official in the Small Business Administration blasted big banks that took bailout money in 2008 for not quickly loaning money to struggling small businesses weathering the fallout from coronavirus.
  SBA official Joseph Amato's comments reflect concerns that banks aren't moving fast enough to deepen their involvement in a new small business aid program.
  "Some of the big banks … and this is just editorial … that had no problem taking billions of dollars of free money as
  
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• The Fed temporarily eases restrictions on Wells Fargo to boost lending amid 'extraordinary disruptions'

  08-04-2020 18:26 via feedproxy.google.com
  The Federal Reserve will "temporarily and narrowly" ease its balance sheet restriction against Wells Fargo to allow the bank to provide additional emergency lending to small businesses, according to a Wednesday statement.
  The change only bolsters the bank's ability to lend through the Paycheck Protection Program and the Fed's upcoming Main Street Lending Program.
  Wells Fargo announced Tuesday it reached the $10 billion lending cap due to the Fed's restrictions and couldn't continue loan issuance
  
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• Hedge-fund titan Crispin Odey says the coronavirus meltdown will most closely resemble the Great Depression

  08-04-2020 18:09 via feedproxy.google.com
  A coronavirus-fueled recession and resulting hit to global gross national product will most closely mirror the Great Depression, the notoriously bearish fund manager Crispin Odey said, according to a Bloomberg report.
  Virus-induced lockdowns and the oil-price conflict place massive pressure on global markets and will push the world economy into a "different era" of weakened growth, he wrote in a note to clients.
  Odey's hedge fund posted a 21% gain in March amid heavy selling activity, according
  
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• C.T. Fitzpatrick has beaten 99% of his peers since the financial crisis. He shares his 4-part strategy for dominating a coronavirus-hit market — and names 6 companies that will benefit from the fallout.

  08-04-2020 18:08 via feedproxy.google.com
  
  C.T. Fitzpatrick — the founder, CEO, and chief investment officer at Vulcan Value Partners — approaches value investing differently than most by not exclusively focusing on cheap stocks.
  In today's coronavirus-stricken market, he's relying on time and strong balance sheets with net cash, free-cash-flow yield, concentration, and highly sustainable margins of safety in order to navigate and benefit from heightened volatility.
  Fitzpatrick shared seven companies that he said would benefi
  
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• Oil veteran and ex-Aramco director Andrew Gould says OPEC — the 'so-called central bank of oil' — has disappeared

  08-04-2020 17:55 via feedproxy.google.com
  "OPEC, as the so-called central bank of oil, has disappeared," oil industry veteran Andrew Gould told the Financial Times on Wednesday.
  Gould said he believes that a deal between OPEC and other major oil producers would make no difference.Oil markets are faced with great uncertainty ahead of a critical OPEC+ meeting scheduled for Thursday. The meeting was delayed from Monday after disagreements between Saudi Arabia and Russia led to further doubt on a deal.Visit Business Insider's homepage for m
  
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• US home loan applications drop to the lowest since 2015 as the coronavirus pandemic continues to weigh on the housing market

  08-04-2020 17:41 via feedproxy.google.com
  The US home loan purchase index fell 12% in the week ending April 3 to its lowest point since 2015, according to a Wednesday survey from the Mortgage Bankers Association.
  Mortgage applications also declined nearly 18% last week on an adjusted basis, and refinancing applications fell 19% in the same period but are still up on the year. 
  "Given the ongoing rate volatility, along with the persistent lack of liquidity in certain sectors of the MBS market, we expect to see continued weekly swing
  
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• Democrats are demanding at least $500 billion in additional emergency coronavirus relief spending to aid hospitals, state governments and shore up food stamps

  08-04-2020 17:13 via feedproxy.google.com
  
  Top congressional Democrats are calling for $500 billion in emergency coronavirus relief spending to aid hospitals, state governments, and the food stamp program.
  It comes after the Trump administration sought another $250 billion in additional funding for an initiative benefiting small business owners.
  Democrats suggested they might tie additional conditions on federal aid to small businesses so it benefits underserved communities.
  Visit Business Insider's homepage for more stories.Democrats ar
  
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• WFH-wear is a new category in India

  08-04-2020 01:11
  
  With many people now working from home, they may have hoped to escape the tyranny of the office dress code, but enterprising Indian retailers are repurposing their spring and summer fashion collections as WFH-wear.
  
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• TV marketing in the time of COVID-19 – the new normal

  08-04-2020 01:11
  
  Effective TV marketing in these unprecedented times requires a new kind of messaging, concludes a new report from US industry body VAB.
  
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• Nine lessons from the world’s most awarded brands

  08-04-2020 01:11
  
  An analysis of the recently released three WARC Rankings – Creative 100, Media 100 and Effective 100 – has identified nine common marketing themes used by highly successful brands.
  
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• Birds Eye avoids freezing its branding efforts during lockdown

  08-04-2020 01:11
  
  With media already bought for this month, frozen food brand Birds Eye has chosen to create a new and relevant campaign in just 18 days rather than going dark during the current coronavirus outbreak.
  
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