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Brazil Faces Disastrous Downgrade Debacle: Here's What You Need To Know

Brazil Faces Disastrous Downgrade Debacle: Here's What You Need To Know

Back on September 9, S&P threw Brazil in the junk bin. 

“We anticipate that within the next year [another] downgrade could stem in particular from a further deterioration of Brazil's fiscal position, or from potential key policy reversals given the fluid political dynamics, including a further lack of cohesion within the cabinet,” the ratings agency noted, explaining its negative outlook. “A downgrade could also result from greater economic turmoil than we currently expect either due to governability issues or the weakened external environment.”

3 Things: Recession, Retail-less, Stupidity

3 Things: Recession, Retail-less, Stupidity

Submitted by Lance Roberts via RealInvestmentAdvice.com,

The Rising Risk Of A Recession

It is often said that one should never discuss religion or politics as you are going to wind up offending someone. In the financial world it is mentioning the “R” word.

The reason, of course, is that it is the onset of a recession that typically ends the “bull market” party. As the legendary Bob Farrell once stated:

Markets 'Bounce' As Oil Margin-Call-Plunge Sparks Buying-Panic In Energy Stocks

Markets 'Bounce' As Oil Margin-Call-Plunge Sparks Buying-Panic In Energy Stocks

Initial and continuing claims surge dramatically and Crude slammed to 12-year lows inflation-adjusted, so energy stocks rip and lift stocks magically...

h/t @NorthmanTrader

 

Energy stocks love new multi-year lows in oil...

Longer term...

 

And led the entire market higher today... but a late-day collapse in crude  (which looked like forced liquidation) spoiled the party

 

Markets 'Bounce' As Oil Margin-Call-Plunge Sparks Buying-Panic In Energy Stocks

Initial and continuing claims surge dramatically and Crude slammed to 12-year lows inflation-adjusted, so energy stocks rip and lift stocks magically...

h/t @NorthmanTrader

 

Energy stocks love new multi-year lows in oil...

Longer term...

 

And led the entire market higher today... but a late-day collapse in crude  (which looked like forced liquidation) spoiled the party

 

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