Liquidity & Distress

(1) Many fire sales extinguished by central bankers’ fire hoses. (2) As stores closed, personal saving rate soared. It will likely remain high after a short dip when lockdowns end. (3) GVC aftershocks reduce likelihood of V-shaped recovery. (4) Did you get out on February 19 and back in on March 23? Should you go away in May? (5) Shock absorbers: Distressed asset funds are like kids in a candy store again. (6) Jump in S&P 500 P/E led by most distressed industries. (7) Game changers on health front of the war against the virus. (8) Chinese government’s bullying approach raising resistance. (9) Meet China’s bat woman. (10) Planet of the Viruses: Imperiled animals are taking their revenge on pushy humans.