Buckle Up, the Coronavirus Stock Market Sell-Off Is Far From Over

After global stocks posted their worst first quarter since 2008, the market sell-off continues. Fears are growing that the global recession may be particularly deep and long. As the market sell-off looks far from over, investors should be cautious. The coronavirus continues to spread worldwide. More than 873,000 coronavirus cases have been confirmed globally, including at least 189,633 in the United States. On Tuesday, global stocks posted their worst quarter since the 2008 financial crisis. The second quarter could be just as bad, if not worse. The market sell-off continued…

Don’t Mock the WHO for Its Sudden COVID-19 Linked Gaming U-Turn

The WHO announced a new program to encourage people to stay at home and game with their friends online. Not only is this intended to promote social distancing, but also to help heal some of the mental health damage caused by the COVID-19 crisis. This is a great move from the WHO, which has had a bad relationship with gaming in the past. The World Health Organization (WHO) has a complicated relationship with gaming. Back in 2018, the WHO classified “Gaming Disorder” as a mental health condition. Two years later,…

U.S. Economy Looks Surprisingly Rosy – Don’t Let the Data Fool You

Analysts expect the coronavirus outbreak to cause unprecedented damage to the U.S. economy. But recent data releases have given a relatively-rosy snapshot of economic activity. Here’s why those releases are deceptive and how you can avoid being fooled. There’s no dispute that cracks have begun to form in the U.S. economy. But as analysts brace for the impact of the coronavirus shutdown to brutalize the country’s pillars of growth, the hard data releases continue to look surprisingly rosy. On Wednesday, ISM Manufacturing PMI and ADP Non-Farm Employment beat the consensus…

This Is Why the Stock Market Could Crash to a New Low in April

Hedge funds are in deep negative territory this year. Funds have blocked client withdrawals to avoid forced selling. Hedge funds will likely sell on every rally to liquidate their holdings. In March, the S&P 500 plummeted to this year’s low of 2,191.90. The move ended the longest bull market in history. While the $2 trillion fiscal stimulus helped the stock market recover 17% from the low, the writings on the wall indicate that it will get worse before it gets better. Hedge Funds Are Losing a Boatload of Money DoubleLine…

New York Mortgage Data Show U.S. Housing Market is Crashing

Mortgage applications in states hit hard by coronavirus fell significantly. Buyers around the country will dry up despite low interest rates as recession sets in. Job losses will force many into selling despite reduced house prices in a few months time. Coronavirus has already tanked financial markets, but now the panic is moving into the U.S. housing market. Data out this week show that mortgage applications have fallen dramatically in states that have been hit hard by coronavirus, a trend that’s only going to get worse as the number of…

God of War 2 or PUBG? Ranking Gaming’s Most Hilarious April Fools’ Jokes

Despite the ongoing coronavirus pandemic, portions of the gaming community are partaking in this year’s April Fools’ shenanigans. We’ve compiled some of our favorite jokes from the likes of PUBG Corp, Platinum Games, and Sports Interactive. As PUBG Corp puts it, we hope they provide “a little bit of lighthearted fun” during these trying times. The current climate means April Fools’ doesn’t quite have the same shine as it usually does. With the COVID-19 pandemic sweeping across the globe, partaking in the perennial day of jest could be considered distasteful…

Economist Calls Trump’s Coronavirus Response ‘Abysmal’ — Data Show He’s Right

Harvard Economist says Donald Trump’s Coronavirus strategy is “abysmal.” Evidence of the president’s failure to act is well documented by his reluctance to act despite increasing warning signs. German data prove that an early response and focus on the healthcare system could have saved lives. After weeks of dismissing the coronavirus as a flu, a Democrat-made hoax, and a media campaign against him, Donald Trump has finally admitted something needs to be done. Donald Trump’s Coronavirus Denial Cost Lives The president’s 11th hour entry into the world’s fight against coronavirus…

Three Key Reasons Why Bitcoin Could Plunge Below $5,000 in April

Bitcoin prices plunged sharply over the first three months of the year as concerns about the global coronavirus pandemic and its impact on the economy grew. The benchmark cryptocurrency closed the year’s first quarter at a 10.53 percent loss, trading at circa $6,424 on Coinbase as the marked headed into April session. At its lowest, bitcoin was changing hands for a mere $3,858 per token. But its sharp rebound from there led prices up by as much as $6,090. BTCUSD in a giant downtrend cycle | Source: Yahoo Finance The…

Assassin’s Creed’s Latest Viking-Sized Leak Deserves Attention

A new leak allegedly reveals the achievements list for the next unannounced Assassin’s Creed game. The list alludes heavily to Norse history and mythology. Ubisoft is likely to reveal the game at this year’s digital E3 replacement event. A new leak claims to lay bare the achievements for Ubisoft’s next Viking-themed Assassin’s Creed game. As these leaks so often do, this one surfaced on Reddit but comes courtesy of 4chan. Naturally, this raises concerns as to its credibility. Consequently, we recommend approaching it with salt shakers at the ready. Assassin’s…

Dow Futures Collapse but Hope Swells in COVID-19 Drug Breakthrough

Dow Jones Industrial Average (DJIA) futures tumbled 3% on Wednesday. President Trump dashed hopes of a quick recovery and extended U.S. lockdown measures. But hope comes in the form of a potential breakthrough Covid-19 treatments in China and the UK. Last week’s promising stock market rebound appears to have vanished. Dow Jones Industrial Average (DJIA) futures fell 3% overnight, pointing to another miserable day on Wall Street. The move down was triggered by President Trump’s sobering admission that there will be no quick recovery. But there is a glimmer of…