Brace for a 15-20% downdraft to strike stocks: BTIG’s Julian Emanuel


BTIG’s Julian Emanuel has warning for investors: Brace for a 15% to 20% pullback.

Emanuel, who came into 2020 as one of Wall Street’s biggest bulls, sees a stock market out of alignment with the economy as risks rise.

“It’s probably time for the market to reassess the uncertainties to the economy,” the firm’s chief equity and derivatives strategist told CNBC’s “Trading Nation” on Monday. “The social unrest of the last few days just adds to that sort of menu of uncertainties.”

In addition to protests erupting in cities across America, Emanuel lists the coronavirus pandemic and economic lockdowns, renewed

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Small towns and rural hospitals brace for their coronavirus peak, which could be weeks away


Men look at cattle at a stockyard in Lexington, Nebraska, U.S., on Friday, April 24, 2020. Nebraska businesses that have laid off workers during the coronavirus crisis could be forced to repay tax credits and other incentives they have received through the states main business-incentive program, the state Department of Revenue said.

Dan Brouillette | Bloomberg | Getty Images

It took less than three weeks for Hall County to become Nebraska’s biggest hot spot of Covid-19 cases. 

The county, which has roughly 61,000 residents, reported its first case of coronavirus in late March, just as the outbreak was surging along

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Fed likely to renew vow to use all tools to brace economy


(Reuters) – The Federal Reserve, which has pumped trillions in emergency funding into U.S. financial markets to stem the damage from the coronavirus pandemic, is expected on Wednesday to reiterate its promise to do whatever it takes to support the world’s largest economy.

FILE PHOTO: Pedestrians wearing masks walk in front of shuttered buildings as the spread of the coronavirus disease (COVID-19) outbreak continues in the Brooklyn borough of New York City, U.S., April 27, 2020. REUTERS/Lucas Jackson

The U.S. central bank may also signal how long, and by what benchmark, it plans to leave interest rates near zero after

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‘Fasten your seatbelt’: Investors brace for Europe Inc. results amid coronavirus


LONDON (Reuters) – Investors will be hunting for companies that can rein in costs, preserve cash and avoid amassing big inventories during the coronavirus crisis as Europe Inc. prepares to report the steepest profit fall since the 2008 global financial meltdown.

FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville

Companies in the pan-European STOXX 600 index are expected to release figures showing a 22% plunge in first quarter earnings, Refinitiv data show, after estimates at the start of the year had initially forecast a 10.5% rise.


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