Democratic Lawmakers Align with President Trump on Key Issues

Democratic Lawmakers Align with President Trump on Key Issues

Democratic Lawmakers Align with President Trump on Key Issues President Donald Trump and Democrats align on adding a 3-month extension of the US debt limit and government spending to a hurricane-relief bill over the arguments of fellow Republicans, who pressed for a longer debt extension. Wednesday, President Trump, after meeting with Congressional leaders at the […]

Mark Lundeen: Gold and Silver Vs Stocks and Bonds

Mark Lundeen: Gold and Silver Vs Stocks and Bonds

Mark Lundeen: Gold and Silver Vs Stocks and Bonds $GLD, $SLV,$DIA, $GOVT Last  week ended with a new all-time high for the DJIA.  Keep in mind I am still a Big Bear on the stock market, but there’s no need to begin the depression any sooner than is necessary.  Still, I have to be honest […]

President Trump Will Nominate 2 “Hawks” to Fed Board

President Trump Will Nominate 2 “Hawks” to Fed Board

President Trump Will Nominate 2 “Hawks” to Fed Board US President Donald Trump’s picks for the 2 open spots on the Fed Board of Governors may push for tighter monetary policy if they receive the Senate confirmation needed to join the interest rate-setting panel. President Trump will nominate Carnegie Mellon University professor Marvin Goodfriend, 66 […]

US Government Posts $182.4-B Budget Surplus

US Government Posts $182.4-B Budget Surplus

US Government Posts $182.4-B Budget Surplus $DIA, $SPY, $QQQ, $VXX The federal government ran the 2nd highest monthly surplus on record this April as tax revenues were pushed higher by a change in the deadline for corporate tax payments. The US Treasury Department says the surplus for April totaled $182.4-B, the 2nd largest surplus after […]

President Trump Dumps Dodd-Frank with Executive Order

President Trump Dumps Dodd-Frank with Executive Order

President Trump Dumps Dodd-Frank with Executive Order Friday afternoon, US President Donald Trump signed an executive order and 2 memoranda on Friday relating to the Y 2010 Dodd-Frank law, which he described as “damaging … regulations that failed to hold Wall Street firms accountable,” the Washington Examiner reported. The Dodd-Frank law, signed under former President […]

Prominent US Lawmakers Urge President Trump to Repeal FATCA

Prominent US Lawmakers Urge President Trump to Repeal FATCA

Prominent US Lawmakers Urge President Trump to Repeal FATCA Rep. Mark Meadows and Sen. Rand Paul have sent a letter to Treasury Secretary Steven Mnuchin and OMB Director Mick Mulvaney urging President Trump take action to “mitigate the ongoing damage” caused by the Foreign Account Tax Compliance Act (FATCA) and quickly repeal the law. FATCA […]

FLASH: Shake Up At Fed, Lacker Out

FLASH: Shake Up At Fed, Lacker Out

FLASH: Shake Up At Fed, Lacker Out A controversy that has been percolating for years has finally boiled over with the immediate resignation of Richmond Fed President Jeffrey Lacker (non-FOMC voter). The Richmond Fed President does not vote this year and Mr. Lacker was already set to step down in October, so Tueday’s news is […]

US Markets Do Not Fully Reflect Growth Prospects

US Markets Do Not Fully Reflect Growth Prospects

US Markets Do Not Fully Reflect Growth Prospects $DIA, $SPY, $QQQ, $VXX US  assets are the most attractive assets to invest in on a global basis. Treasury Secretary Steven Mnuchin said Friday that he believes that financial markets could improve “significantly” once they fully reflect economic-growth potential from President Donald Trump’s strategy and policies. Sec. […]

US to Keep Aaa-Rating After Debt Ceiling Hike of Cap

US to Keep Aaa-Rating After Debt Ceiling Hike of Cap

US to Keep Aaa-Rating After Debt Ceiling Hike or Cap $MCO Moody’s Investors Services (NYSE:MCO) said Monday the US will retain the rating agency’s top-notch debt rating as long as it meets its interest payments even if the government’s borrowing cap is reinstated Thursday. In November 2015, federal lawmakers suspended the federal debt ceiling, which […]

President Donald Trump is in The Gold Bulls Camp

President Donald Trump is in The Gold Bulls Camp

President Donald Trump is in The Gold Bulls Camp $GLD, $SLV, $USD Statements last week by US Treasury Secretary Steven Mnuchin put The Trump Team in the Gold Bulls Camp Last Friday, Gold charged North for the 5th day running in heavy trade as the Trump-trade on financial markets begin to unwind, the USD weakens and interest […]

FLASH Update: China “Grand Champions” of Currency Manipulation

FLASH Update: China “Grand Champions” of Currency Manipulation

FLASH Update: China “Grand Champions” of Currency Manipulation $CNY, $USD, $USDCNY FLASH: US President Donald Trump declared China the “Grand Champions” of currency manipulation Thursday, just a few hours after his new Treasury Secretary, Steven Mnuchin, pledged a more methodical approach to analyzing Beijing’s Fx (foreign exchange) practices. In an exclusive interview with Reuters, President Trump […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $NKE, $FDX This week we will see earnings results from the traditional season early reporters. DJIA component Nike (NKE), which will report Tuesday, as well as 13 other S&P 500 members including FedEx (FDX, also on Tuesday’s calendar.   Economic Reports Nothing of  consequence on Monday and Tuesday The […]

US Dollar Notched a 14 yr High Pumping The Trump Rally

US Dollar Notched a 14 yr High Pumping The Trump Rally

US Dollar Notched a 14 yr High Pumping The Trump Rally $EURUSD,  $GBPUSD,  $USDCHF, $USDJPY The USD rose to a 14-year high against a basket of peer currencies Thursday after the Fed boosted the number of projected interest rate hikes for Y 2017, adding fuel to The Trump Rally and hammering the EM (emerging market) currencies. […]

“Trump Effect” Hammering US Treasury Market

“Trump Effect” Hammering US Treasury Market

“Trump Effect” Hammering US Treasury Market US Treasury’s are having their worst month since Y 2009 after investors pulled money from the US bond market on speculation Donald Trump’s victory in the Presidential election will pave the way for increased fiscal stimulus. An index that tracks the Treasuries market has lost 2.5% this month through […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $HD, $CSCO, $WMT Earning season is slowing, this week just 20 members of the S&P 500 will report to Wall Street Included in this lot are 3 DJIA stocks: Home Depot (NYSE:HD) Tuesday, Cisco Systems (NASDAQ:CSCO) Wednesday and Wal-Mart Stores (NYSE:WMT) Thursday.   Economic reports The week’s 1st economic […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $V, $AAPL, $CAT, $BA, $KO, $XOM This week Q-3 earnings season hits full stride, with 178 members of the S&P 500 reporting to Wall Street. Included in this group are 12 DJIA componenets: Monday: Visa (NYSE:V) Tuesday: 3M Co. (NYSE:MMM), Apple (NASDAQ:AAPL), Caterpillar (NYSE:CAT), DuPont De Nemours (NYSE:DD), Merck […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $IBM, $GS, $GE, $AXP, $MSFT Earnings season will pick up this week as 11 members of the DJIA are scheduled to report: International Business Machines (NYSE:IBM) Monday Goldman Sachs Group (NYSE:GS), Intel Corp. (NASDAQ:INTC), Johnson & Johnson (NYSE:JNJ) and UnitedHealth Group (NYSE:UNH) Tuesday American Express Co. (NYSE:AXP) Wednesday; Microsoft […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $JPM, $C, $WFC, $PNC, $AA The US stock exchanges were open Monday, Columbus Day, even though it is a federal holiday. The 1st official week of Q-3 earnings features 4 banks: DJIA component JPMorgan Chase & Co. (NYSE:JPM) and S&P 500 members Citigoup (NYSE:C), PNC Financial Services Group (NYSE:PNC) and Wells […]

This Policy Stuff is Way Past its Expiration Date

This Policy Stuff is Way Past its Expiration Date

This Fed Policy Stuff is Way Past its Expiration Date $GLD, $SLV, $NUGT, $GDXJ, $GGGG As expected, the FOMC passed up another opportunity to raise their Fed Funds Rate this week.  With 2016 being an election year, and late September just a few weeks from the November election, how anyone could believe the Yellen Fed would […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $HD, $CSCO, $WMT, $LOW, $TGT Earnings season winds down, just 20 members of the S&P 500 report to Wall Street this week. Included are DJIA members Home Depot (NYSE:HD) Tuesday, Cisco Systems (NASDAQ:CSCO) Wednesday and Wal-Mart Stores (NYSE:WMT) Thursday. Some other retailers will also report to Wall Street, including: […]

US Corporate Profits Fall, US Government Deficit Rises

US Corporate Profits Fall, US Government Deficit Rises

US Corporate Profits Fall, US Government Deficit Rises $DIA, $SPY, $QQQ, $VXX The federal government last month recorded the biggest monthly budget deficit since February, and the deficit so far this budget year is running 10% higher than a year ago. The US Treasury Department said Wednesday that the deficit came in at $112.8-B in July, […]

“Risk Off” as Investors Fear Global Growth Slowing

“Risk Off” as Investors Fear Global Growth Slowing

“Risk Off” as Investors Fear Global Growth Slowing $DIA, $SPY, $QQQ, $VXX Investors are selling off risky assets from their portfolios because of falling global GDP expectations, driven by China’s slowing growth, and the hotting up US Presidential race. Friday, global growth worries and a sharp decline in Crude Oil prices sent fear through Wall […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $AZO, $HPE, $INTU, $COST, $HPQ, $DG Only 16 members of the S&P 500 will report earnings this week as Q-1 earnings season winds down. Included in this group are: AutoZone (NYSE:AZO), Hewlett Packard Enterprise (NYSE:HPE) and Intuit (NASDAQ:INTU) Tuesday, Costco Wholesale (NASDAQ:COST) and HP (NYSE:HPQ) Wednesday, and Dollar General […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $DIS Earnings season is slowing down as just 22 members of the S&P 500 are scheduled to report to Wall Street this week. The only DJIA component on the list this week is Walt Disney Co. (NYSE:DIS), which will report Tuesday.   The economic reports of note The week’s […]

The Week Ahead On Wall Street

The Week Ahead On Wall Street

The Week Ahead On Wall Street $AAPL, $BA, $CVX, $DD, $MMM, $PG, $UTX, $XOM This week about 200 members of the S&P 500 will report earnings to Wall Street. Included are DJIA components: Apple (NASDAQ:AAPL) on Monday; 3M (NYSE:MMM), Du Pont (NYSE:DD) and Procter & Gamble (NYSE:PG) Tuesday On Wednesday, Boeing Co. (NYSE:BA) and United […]

The Week Ahead On Wall Street

The Week Ahead On Wall Street

The Week Ahead On Wall Street Federal income tax returns for Y 2015 are due Monday, and residents of Massachusetts and Maine can file Tuesday. Monday is also the deadline for making IRA contributions for the TY 2015. About 100 members of the S&P 500 report earnings this week. Included in this group will be […]