1. The coronavirus has given investors a ‘once-in-a-lifetime opportunity,’ says hedge-fund billionaire – Marketwatch
2. China’s currency hits highest level since March as stocks surge – FT
3. Record-High Gold Prices Are in Sight – Bloomberg

4. JPMorgan Says Liquidity Conditions Are Making Markets Vulnerable – Bloomberg
5. Covid-19 is bankrupting American companies at a relentless pace – Bloomberg
6. Mnuchin says the Trump administration supports a 2nd round of stimulus checks – Business Insider

Marko Kolanovic On The Rally, The Election, Tech Crowding And COVID-19

Marko Kolanovic On The Rally, The Election, Tech Crowding And COVID-19

— Read on heisenbergreport.com/2020/07/08/marko-kolanovic-on-the-rally-the-election-tech-crowding-and-covid-19/

1. Fed leaders see ‘bumpier’ recovery, slower decline in unemployment – Marketwatch
2. The Hottest Hedge-Fund Strategy Is Facing an Existential Crisis – Bloomberg Markets
3. The Fed Will Soon Embrace Yield-Curve Control – Bloomberg via Yahoo Finance

1. The Fed is rightly wary of embarking on yield curve control – FT Opinion
2. Lansdowne to Shut Main Hedge Fund in Retreat From Shorting – Bloomberg Markets
3. Economists call for more direct cash payments tied to the health of the economy – Reuters
4. Why Stocks Rally As Covid Counts Rise – Bloomberg Markets
5. China Tries to Cool Down an Easy-Money Financial Trade – Bloomberg Businessweek
6. Sustainable-investing flows have smashed records in 2020. What’s going on? – Marketwatch

1. JPMorgan Says Global Liquidity Surge to Boost Stocks and Bonds – Bloomberg
2. Why the Fed’s Rethinking Its Toolkit (It’s Broken) – Bloomberg Businessweek
3. Are Stock Investors ‘Irrationally Exuberant’ Again? – WSJ

1. Are We on the Cusp of New Leg up in Risk Assets? – Marc to Market
2. America and China Are Entering the Dark Forest – Niall Ferguson, Bloomberg Opinion
3. S&P Global downgrades ratings at pace last seen in Lehman crisis – Nikkei Asian Review
4. Why Your Money-Market Fund Isn’t as Safe as You Think – Barron’s
5. Soaring saving rates pose policy dilemma for world’s central bankers – FT

1. The Mystery of High Stock Prices – NYT Opinion

1. Fed Debated Options to Provide More Economic Support – WSJ Central Banking
2. A 28-Year-Old With No Degree Becomes a Must-Read on the Economy – Bloomberg Businessweek

1. Everybody loves to hate Modern Monetary Theory – Bloomberg
2. Global hedge fund liquidations surge as coronavirus hurts returns – Reuters
3. Hong Kongers look to the exits as China imposes security law – FT