@elerianm
: "The seemingly endless rally in US stocks gives the impression that prices are endorsed by the entire professional investment community. But the outlook is much more nuanced in the derivatives market. Retail investors should take note."
“This is probably not a good thing at all. We could have a full clear-out of people in charge.”
Japan’s stock market fell after reports that Shinzo Abe, the country’s longest-serving prime minister, would resign due to health concerns.
When Tokyo’s markets open on Monday, investors will face two questions that have not bothered them for almost eight years: how a new PM will affect asset prices and how much of the “Abenomics” edifice will survive the sudden departure of its architect.
Empty hotels and malls have left the $1.4tn market for commercial mortgage-backed securities in a hole.
“The entire hospitality industry has been devastated by the pandemic”
Companies across America are awarding top executives multimillion dollar “retention” bonuses shortly before declaring bankruptcy, angering creditors who claim the payments are rewards for failure.