Christopher Ducret

The chaos seems to be just getting started.  To add to the perspective DJIA is at 19,976. That is about the range the market was in January 2017. The DJIA market peaked at 29,398 on February 14, 2020. It took the market 3 years and 1 month to get to its peak. It has taken < 35 days to get back to 2017.  But maybe this is the 2018 event and things will go right back up the peak a little over a year later.  The Supply Chain broke in China. Now the demand side is completely broken, worse that the supply side break.  Just getting started?

BullionStar.com released an overview of countries repatriating their gold.  Why?  Simple the countries don't trust the custodians.  Who are the custodians.  When the world's gold is in London and New York (remember Die Hard story line?), and you are Russia, India, China, Turkey, et al, probably better to have it home don't you think?

Your Daily Money flash covering Interest Rates, Interbank rates and Repo Rate.

Interest Rate (%):                                                         0.25                                                    

Interbank Rate (%):                                                        0.89                                                    

Repo Rate (%):                                                        1.15                                                    

Your Daily Money flash covering Interest Rates, Interbank rates and Repo Rate.

Interest Rate (%):                                                         0.25                                                    

Interbank Rate (%):                                                        0.84                                                    

Repo Rate (%):                                                        1.15                                                    

Today Boeing had its bonds downgraded to BBB while put on the negative watch list.  Next stop for Boeing is junk bond status. 737 Max fiasco has not helped the company. What did help the company was doubling its debt within 1 year while buying back their stock in the amount of $100B to juice their stock higher.

Your Daily Money flash covering Interest Rates, Interbank rates and Repo Rate.

Interest Rate (%):                                                         0.25                                                    

Interbank Rate (%):                                                        0.74                                                    

Repo Rate (%):                                                        1.15                                                    

Well that didn't take long. After the Feds actions late last week with Not QE4 continued injections via the repo markets. The Fed in anticipation of helping the markets start off well on Monday, the Fed has created the YES this is QE5 package.  What has been released:

With the chaos unfolding hourly, keeping your eye on the ball can be hard through all of the noise.  Take Boeing, taping their $13B credit line to keep the lights on. With US Corporate debt at all time highs, time to make list of who is in for a collapse. Small, mid, and large caps it is all the same issue. Borrowing of money for stock buyback or pay dividends to juice stock prices will not hold up anymore.  Simple issue the businesses  do not justify the prices, but taking stock out of the market sure helps.  

Your Daily Money flash covering Interest Rates, Interbank rates and Repo Rate.

Interest Rate (%):                                                         1.25                                                    

Interbank Rate (%):                                                        0.77                                                    

Repo Rate (%):                                                        1.65                                                    

Your Daily Money flash covering Interest Rates, Interbank rates and Repo Rate.

Interest Rate (%):                                                         1.25                                                    

Interbank Rate (%):                                                        0.78                                                    

Repo Rate (%):                                                        1.65