Are the stock markets really markets? Or are they more like a casino with bogus cards? The second quarter – i.e. the quarter of the Corona crisis – provides the answer here: 90% of the profits of the US stock markets happened off-exchange. This almost always happens when most of the Asian stock markets have already closed (i.e. the liquidity in US futures is very thin, so it is easy to manipulate here). The next manipulation is the rapid lowering of profit expectations. Only to be able to report that the overwhelming majority of companies have exceeded this profit expectation. And the stock markets then rise because of it. And finally, even data like yesterday’s US job market data does not seem completely free of manipulation.
The stock markets had dreamed of a V recovery. But in some parts of the world, the number of people infected with the coronavirus is rising significantly. This is especially true for the southern states […]
Yesterday a strong sell-off on the stock markets (following a previous rally) after a report in the “Financial Times”, showing Remdisivir from Gilead Sciences as a drug against the coronavirus flopped! Obviously the WHO has […]