A.M. Look 5/13/20

RBNZ said they would entertain negative rates.
Kiwi Dollar paid the price for that lunacy.

https://yragharris.com/2020/05/12/gibberish/

Druckenmiller Says Risk-Reward in Stocks Is Worst He’s Seen
https://www.bloomberg.com/news/articles/2020-05-12/druckenmiller-says-v-shaped-recovery-for-u-s-is-a-fantasy

Powell will be speaking via video conference today. Negative rates will be on the agenda.

We’ve sen in Europe that once a central bank embarks on the negative rate path it’s extremely difficult to reverse. Only the lonely Riksbank has had the fortitude to call it out for what it is.

Read Yra’s thoughts above and comments from Boockvar.

Nasd 100 bounced off 9K.

AMZN...2372, yesterday’s macro stop level, will be pivotal today.

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