(Bloomberg) -- In the stock market lately, only one thing is constant: speed.After falling into a bear market at the fastest rate ever, the S&P 500 just recorded its quickest three-day advance in nine decades. As absurd as it may seem, the Dow’s already started a fresh bull market -- up more than 20% from the lows -- after more than $2 trillion in value was created in three days.Is it a bear-market bounce or something more sustainable? Nobody could possibly know for sure. While stocks had surely priced in a huge amount of pain, nothing compares with the coronavirus in terms of shock to the economy. Using history as an imperfect guide, there’s reason to be skeptical -- it’s taken stocks an average of 18 months to start to recover after first signs of an economic contraction. But with trillions of dollars of stimulus landing, the case for bottom feeding...
Shares of Citigroup Inc (NYSE: C) traded higher by 8% on Thursday as traders become increasingly optimistic that a $2 trillion stimulus package will help the U.S. economy make it through the coronavirus (COVID-19) outbreak.Despite concerns over the impact of emergency interest rate cuts, Citigroup shares are rocketing higher this week, and at least one large options trader made a massive bet on Thursday that the rally will continue.The Trades On Thursday, Benzinga Pro subscribers received five option alerts related to an unusually large Citigroup option trades: * At 10:34 a.m. ET, a trader sold 500 Citigroup call options with a $46 strike price expiring on Friday. The contracts were sold near the bid price at $1.341 and represented a $67,050 bearish bet. * At 12:30 p.m. ET, a trader bought 2,000 Citigroup call options with a $37.50 strike price expiring on June 19. The contracts were purchased at the ask...
UnitedHealth Group Chief Scientific Officer Ken Ehlert joins Yahoo Finance’s Anjalee Khemlani and Seana Smith to discuss the new testing kit that will enable patients to test themselves for the virus at home. ...
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]...
