Goldman Says Credit Rang Warning Bell That Stocks May Be Hearing

Today, Yahoo announced that its Messenger service will be discontinued after July 17th, 2018. If you’re looking for a Messenger replacement, Yahoo recommends the product Squirrel, which is currently in beta and invite only. You can request an invitation here.

You can download your chat history for the next 6 months at this download request site. Your chats will be emailed to you. If you have anything you want to save from Yahoo Messenger, it’s a good idea to get a copy, because users will be unable to sign into the service after July 17th.

It’s not the first long-standing chat app to shut down — AOL Instant Messenger shut down December 15th of last year. But Yahoo Messenger was one of the few old-school messaging services left. “We know we have many loyal fans who have used Yahoo Messenger since its beginning as one of the first chat apps of its kind,” the company said in an FAQ. “As the communications landscape continues to change over, we’re focusing on building and introducing new, exciting communications tools that better fit consumer needs.”

As for the future: when credit has underperformed equity by about 1 standard deviation over two, four, six and eight weeks, stocks fell 2.3 percent on average over the next month, Marshall’s calculations show. When credit outperformed stocks over the same time frame, stocks were up about 2.4 percent in the next month.

“We see this divergence as significant and leads us to favor de-risking strategies in equities,” Marshall says in the note.

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