Business

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.”

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:

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

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

One month ago, when the market was getting excited about the imminent Fed rate hike, now due less than one week from today, Jefferies analysts flagged a red flag about the imminent rate liftoff: few, if anyone, know precisely how it will take place in practice.