Fed vs Virus Waves

(1) The meltup of the day. (2) Is a two-month lockdown recession a recession or just a natural disaster? (3) Index of Coincident Economic Indicators peaked during February, troughed during April. (4) Both S&P 500 forward revenues and forward earnings seem to be bottoming already. (5) Powell’s Put dwarfs predecessors. (6) Corporate bond investors get a Fed Put too. (7) Fed pumping waves of liquidity to offset virus waves. (8) The Fed: Savior of Fallen Angels and Zombies. (9) Now we know how Powell intended to fix corporate debt crisis. (10) Five characteristics of virus-proof companies.