Credit: As we mentioned a few days ago (#5 here), the muni market looked frothy. High-yield muni bonds seemed particularly vulnerable. Well, the market finally cracked.
Here is the ratio of AAA muni yields to the 10yr Treasury.
Equities: The share of S&P 500 stocks trading above their 200-day moving average dipped below 15%.
China: Is China on track to see its first day of zero new infections?
Eurozone: Here is the supply of hospital beds in Europe.
United States: The market now expects the Federal Reserve to take rates below 0.1% this summer. Is the fed funds rate headed for zero again?
Food for Thought: Social distancing:
Edited by Daniel Moskovits
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