#vaccinations #immunity #economy The US government should be investing in getting the nation vaccinated against COVID-19, not spending $1.90-T on a aid/relief/stimulus package that spends little to help the national recovery from the VirusCasedemic. “The store here is not about the stimulus package as less than 10% actually goes to virus relief. It is kind […]
#aid/relief/stimulus #Democrats #Republicans #Senate #House, This wk negotiations over Mr. Biden’s $1.9-T aid/relief/stimulus idea will get intense as the Senate begins its debate and lawmakers position to include individual pork projects. Looking at the landscape Democrats should not expect much, if any, Republican backing for the bill. “It is my hope that at the end, […]
#Biden #Pelosi #Schumer #VirusCasedemic #aid #relief #pork “Democrat lawmakers are hoping The People’s attention has been occupied watching a made for TV show trial of President, because they have been loading up a $1.9-T budget reconciliation bill with special interest Pork and other liberal candy“– Paul Ebeling The aid/relief/stimulus pending legislation is scheduled for a […]
#economic, #recovery “A close review of the data says that the US economy is in a good place in here“– Paul Ebeling Consumer spending is robust and activity in the service and manufacturing sectors is increasing at a faster than expected rate. The labor market stabilized in January, but Thursday’s report on initial jobless claims showed there is continuing pressure for […]
#PaulEbeling #WallStreet $DIA $SPY $QQQ $RUTX $VXX “The Bulls are confident and their money is flowing” — Paul Ebeling Last weeks action opened February with a big bang as investors bought the dip and and drove the market indexes to new record highs. The stock market rebounded swiftly from the last wk in January’s decliner, with the S&P 500 finishing […]
#WallStreet #stocks #record #highs #WashingtonDC #aid/relief/stimulus #pork #Biden $DIA $SPY $QQQ $RUTX $VXX “Wall Street Bulls closed out a winning wk as the S&P 500 marked its 5th gainer running, and its biggest wkly extension since November 2020“– Paul Ebeling Republican lawmakers decry Mr. Biden’s $1.9-T American Rescue Plan as classic Washington Pork. Both Republican […]
#aid/relief/stimulus #Fed #Treasury #Biden #Democrats #Republicans $DIA $SPY $QQQ $RUTX $VXX Wednesday, Chicago Fed President Charles Evans upped his support for Mr. Biden’s $1.9-T economic aid/relief/stimulus idea, saying he would rather risk a package that is too big than a smaller package that would mean a slower path to recovery. “If it is too much, […]
#taxes #corporations #antibusiness #antiinvestor #money #Fed #stock #Biden $DIA $SPY $QQQ $RUTX $VXX “Cheap money from the Fed allows new and established companies to grow without the burden of high interest. This money benefit’s stock prices” — Paul Ebeling Mr. Biden’s administration is likely to raise taxes on corporations. And that is bad for workers and […]
#PaulEbeling #WallStreet $DIA $SPY $QQQ $RUTX $VXX “The Bullish trend is still up in here, and new money is flowing” — Paul Ebeling Last weeks action closed the month of January. Stocks rebound, but did not finish on the Northside. Sentiment indicators are extended some. The benchmark indexes pulled back but their support held. Friday’s action to close the month […]
#America #economy #Biden Mr. Biden’s continuing focus on a climate change agenda, raising the federal minimum wage, and opening up the borders to illegal immigrants is not appropriate now or ever. Top jobs are the Key! At this time in America the the economy must come 1st, clear out COVID-19, open up and put drivers […]
#Aid/Relief/Stimulus, #idea, #Biden $DIA $SPY $QQQ $RUTX, $VXX, $GME “The SEC said Friday that it is evaluating the extreme price volatility of certain stocks’ trading prices warning that such volatility can expose investors to rapid and severe losses and undermine market confidence“–Paul Ebeling Friday, the S&P 500 tested to it 50-D MA, as it fell […]
#PaulEbeling #WallStreet $DIA $SPY $QQQ $RUTX $SOX $VXX “Both Big and Small Cap Bulls are still running” — Paul Ebeling Last weeks action The shortened trading wk featured renewed strength in the Mega-caps, which drove the outperformance of the NAS Comp (+4.2%) and lifted the S&P 500 (+1.9%), DJIA (+0.6%), and the Russell 2000 (+2.2%), each benchmark index market new record […]
#risk #stocks #relief #virus $DIA $SPY $QQQ $RUTX $VXX “We have no doubt that some of the nearly $2-T in virus aid/relief/stimulus Mr. Biden is seeking from Congress will end up being spent stocks“– Paul Ebeling The data show that risk-taking spiked following the last round of China Virus aid/relief checks. Mr. Biden’s economic-recovery plan […]
#Americans #Attention #Question #Biden #Acts #Why The Big Why Qs about Mr. Biden’s acts are coming to the frontline and fast. Why? Because The People have fond memories of what happened over the last 4 yrs. They know how the economy skyrocketed because of President Trump’s policies, how he removing all of the burdensome regulations, […]
#aid/relief/stimulus #headwinds #Senate Mr. Biden’s proposed $1.9-T aid/relief/stimulus plan is facing challenges from Republicans in the Senate. Senators Lisa Murkowski (R-Alaska) and Mitt Romney (R-UT) have expressed doubt about another aid/relief/stimulus package, especially 1 with a nearly $2-T price after Congress passed a $900-M measure just a month ago. Some criticism was expected Senator Joe Manchin (D-W.VA) […]
#aid/relief/stimulus For American citizens struggling financially because of The China Virus chaos Mr. Biden’s economic aid/relief/stimulus package if passed by Congress will provide some relief. The details of the “American Rescue Plan,” a $1.9-T package designed to “rescue the American economy and start beating the virus.” And, hang on, next month he says he will release […]
#aid/relief/stimulus #Biden #financial #markets $CU $CAT $DE $OIL Investors have been ‘jolted‘ into overhauling their portfolios in anticipation of the promised Biden aid/relief/stimulus $1.9-T plan. Prices of commodities used in infrastructure projects, like copper, and shares in machinery manufacturers such as John Deere (NYSE:DE) and Caterpillar (NYSE:CAT) have advanced. Global crude oil (OIL) prices tapped $55bbl […]
#inflation #gold #silver #USD $DIA $SPY $QQQ $RUTX $XAU $GLD $XAG $CU $USD $DXY Thursday, Gold and Copper spiked as USD weakened on signs that interests rates will remain at all time lows, boosting inflation expectation ahead. The Dollar Spot index extended declines for a 3rd day running Wednesday, supporting prices of commodities priced in […]
#Yellen #spend $DIA $SPY $QQQ $RUTX $VXX ‘Schoolmarm’ Janet Yellen, Mr. Biden’s nominee for Treasury Secretary, urged lawmakers Tuesday to “act big” on the next virus aid/relief/stimulus package, saying that the benefits outweigh the costs of a higher federal debt burden. Ms. Yellen said she wants to help Americans endure the final months of the […]
#Biden #economy #retail #sales #consumer #confidence #spending #aid $DIA $SPY $QQQ $RUTX $VXX “This past Holiday season, consumers stayed home and gauged the prospects of a Biden economy, retail sales sank on the cracks!”— Paul Ebeling US retail sales declined at the close of the Holiday shopping season, wrapping up a difficult year for the […]
#PresidentTrump #SpeakerPelosi “President Trump is a political genius, he has a mind that assimilates things in 4 dimensions in color that he uses brilliantly.”– Paul Ebeling “The Biden Cabinet is shaping up to be a direct return of the old Obama administration, not a business man aboard” — Economist/political analyst Bruce WD Barren “If Joe […]
#PresidentTrump #Aid/Relief/Stimulus Lost in the Democrats’ rush to support President Trump’s call for $2,000 stimulus checks, is the reality they will need to cut spending elsewhere in the omnibus bill. “The President wasn’t just talking about everybody getting $2,000, the president was talking about getting rid of the pork,”, according to Representative Louie Gohmert (R-TX). […]
#PresidentTrump #aid/relief/stimulus #Americans Trump Will Not Sign Stimulus Bill, Calls for $2,000 Direct Payments to Americans “Congress needs to pass a pandemic stimulus bill that includes $2,000 direct payments to Americans or else President will veto it” — Paul Ebeling “Congress found plenty of money for foreign countries, lobbyists, and special interests,” President Trump said on Tuesday night. […]
#PresidentTrump #Rally #Policies #Support $DIA $SPY $QQQ $RUTX $VXX “The market is not buyin Biden, the market is always right“– Paul Ebeling Reviewing Wednesday’s economic data:Industrial production increased 0.4% M-M in November. The capacity utilization rate jumped to 73.3% The Key takeaway from the report was the strong growth seen in the production of motor vehicles […]
#Americans #household #wealth #RealEstate #cash #Fed #PresidentTrump $DIA $SPY $QQQ $RUTX $VVX The wealth of US households marked $123.5-T in September as rising stock market and home values and an accumulating of cash defied expectations of a virus-related crash in household finances, according to new data from the Fed Thursday. The Fed’s latest report on US […]
#Russell2000 $RUTX $RUT $SPY $SPX $DIA $QQQ $CU $XAU $VXX “Tuesday, the Russell 2000 (+1.4%) closed at a record high on encouraging vaccine news and the coming Trump Administration’s aid/relief/stimulus package.“– Paul Ebeling Inflation will likely rise above 2% in Y 2021 and range from 2.25% to 2.4%. The consensus is that inflation may temporarily […]
#tech #ETFs #investors #virus #aid #traders #risk #leverage $QQQ $TQQQ $XLI $XLK Investors are ditching QQQ, the largest tech ETF at the fassstest pace in 20 yrs. The $122-B Invesco QQQ Trust Series 1 (NYSEArca:QQQ) ETF suffered its biggest daily outflow since October 2000, losing almost $3.5-B Friday. The tech-heavy fund, which tracks the NAS […]
#Economic #Recovery #Aid White House adviser Larry Kudlow said says the nation’s economic recovery will continue despite uncertainty surrounding another virus relief bill. He said the nation’s recovery does not not on additional fiscal stimulus, but it will help. “In truth I don’t know,” Kudlow said during a TV interview about whether Congress will eventually approve another […]
#PresidentTrump #Powell #Fed #jobs #interest #rates $DIA $SPY $QQQ $RUTX $VIX $VXX The US financial markets will be closed Monday for Labor Day Friday, Trump Fed Chairman Powell declared the the NFPs employment report for August was “a good one,“and reiterated that the FOMC will keep ultra-accommodative monetary policy (the Fed put) for years to […]
#investments #stocks #C19coronavirus #risk #money #cash $DIA $SPY $QQQ $RUTX $VXX Energy, aviation and lodging firms hit hard by the coronavirus chaos will offer handsome returns for high-yield investors in the months ahead. There are opportunities for discerning money managers and aggressive retail investors. We and other Top money managers see opportunities in stressed and […]
#economy The US economy is rebounding “very, very strongly,” and fresh federal aid will reach unemployed Americans in the next week or 2, White House economic adviser Larry Kudlow said Wednesday, shaking off concerns about a 2nd wave of C-19 coronavirus infections. Mr. Kudlow, speaking to reporters at the White House, defended a reduction in the unemployment […]
#unemployment #GDP #growth #VShaped #recovery Thursday, White House economic adviser Larry Kudlow said he expects the US unemployment rate to return to single-digit levels as early as this month and growth in Q-3 should be 20% or more as the economy recovers from the recession triggered by the C-19 coronavirus chaos. “The Key point that I would […]
#stocks #gold #silver #dollar #C19coronavirus #China #global #growth #COMEX #VeryBullish $DIA $QQQ $SPY $RUTX $VXX $USO $USD $XAU $GLD $XAG $SLV Moving the Market: Profit taking in mega-caps Thursday, Gold traded near 1,900oz, moving closer to it’s all-time high set nearly 9 yrs ago on concerns about global growth that is driving safe-haven demand. Increasing […]
#Aid #Relief #Stimulus #Schools #Jobs #Republicans #Money #PayrollTax Monday, Treasury Secretary Mnuchin said the next round of virus relief will center on getting children returning to schools and workers back into jobs. Secretary Mnuchin will have a Key role in negotiating a new aid/relief/stimulus bill with Democrats, spoke at a White House meeting with President […]
#Fed #C19coronavirus #tools #asset #economy #aid #relief #stimulus #data #market #support #liquidity #lockdowns #consumers #uncertainty Fed Vice Chairman Richard Clarida said officials would turn to additional forward guidance and asset purchases if the economy needs more aid. “We have a lot of accommodation in place. There is more that we can do. There is more […]
White House economic adviser Larry Kudlow said there is no 2nd wave of the C-19 coronavirus pandemic, even though there are some flare-ups in states such as Florida, and it is unlikely there will be widespread shutdowns across the country. “There are some hotspots. We’re on it,” Mr. Kudlow said in an interview. “We know […]
The next C-19 coronavirus chaos aid/relief/stimulus bill should include long-term measures to help fix the the great American economy. “We need to move from rescue assistance to more long-term economic growth incentives,” Larry Kudlow said in a TV interview Friday. He said the next stimulus package should feature measures that pay Americans more to “work, […]
US Senate Republican leader Mitch McConnell (KY) Monday predicted that Congress would approve further funding for states and cities whose budgets have been hit hard by the coronavirus chaos. “There probably will be another state and local funding bill but we need to make sure that we achieve something that will go beyond simply sending […]
Friday, US House Speaker Nancy Pelosi (D-CA) insisted that Congress’ next economic package provide billions for financially reeling state and local governments, signaling a coming dust-up as Representatives and Senators continuing their response to the coronavirus chaos. “There will not be a bill without state and local aid“, Speaker Pelosi told reporters. Suggesting that she […]
Friday, 15 moderate Democrats, the Key to their party’s control of the US House of Representatives urge Speaker Nancy Pelosi (D-CA) to move quickly to replenish a fund to help small businesses hurt by the coronavirus pandemic, with “No Excuses” saying other party priorities can wait. Both Democrats and Republicans did not end the stalemate […]
President Trump has declared his latest “Me Vs Them” war portraying himself as the Commander in Chief overseeing a hand full of insurgent Democrat governors. In the United States there may be a dust-up emerging between President Trump and some state governors from the East and the West coasts, who Monday banded together in 2 […]
$DIA $SPY $QQQ $RUTX $VXX Monday, Treasury Secretary Mnuchin said he and his team have selected 100 business leaders to join a Special Task Force dedicated to re-opening the economy after the coronavirus crisis passes. The task force will work with medical advisers to develop a timeline for re-opening the economy, with 1 May as a […]
$DIA $SPY $QQQ $RUTX $OIL $USO $VXX DJIA Jumps 700 as Crude Oil Falls Below $20 to 18-Yr Lows US stocks rose Monday as investors look for shares that have become cheap and can withstand the impact to the economy from efforts to stem the spread of the coronavirus. The S&P healthcare sector jumped 4.67% on the […]
The $2.2-T package is a much-needed lifeline for the shuttered movie business. As movie theaters across the United States remain dark, movie productions stay shuttered and thousands find themselves out of work for the near future, the Motion Picture Association (MPA) welcomed the passage of federal aid Friday, hoping to bring urgently needed relief to […]
$ICE $USD $BAC $WFC This week Fed Chairman Powell set out to offer a explanation for the complicated steps he is taking to relieve dire stresses in the global financial system. “Many places in the capital markets, which support borrowing by households and businesses. I am talking about mortgages and car loans and things like […]
As the coronavirus crisis spreads in the US, millions of Americans are about to receive aid from Congress in the form of direct cash payments. Friday, President Trump signed into law a $2-T emergency economic package that includes direct cash payments and unemployment benefits, among other provisions, for Americans. Here are some Q&As about who qualifies for cash from the […]
Friday, the House of Representatives approved a $2.2-T aid/stimulus bill to alleviate economic devastation of the coronavirus pandemic and sent it to President Trump to sign into law, he signed it, it is now the law. Below are Key elements of the bill and the cost estimates provided by the Committee for a Responsible Federal […]
Governments around the world have to deal with this health crisis and manage the economic side effects. Some are doing it better than others, but this is not nearly over. Now is is clear the US government will spend several trillion dollars in direct healthcare costs, business aid and payments to American workers. The federal budget was […]
$DIA $SPY $QQQ $RUTX $VXX Friday, investors took some profits after the American Aid bill was passed and sent to President Trump for signing. By the end of the session, the DJIA was off 4.1%, S&P 500 and NAS 3.8 shed 3.4% and 3.8% respectively. The strong gains made on the week drove the DJIA […]
Friday afternoon, President Trump signed the $2.2-T American Aid/Stimulus bill, after swift and near-unanimous action by Congress this week to support businesses, rush resources to overburdened healthcare providers and help struggling families during this coronavirus epidemic. President Trump moved quickly to halt an economic free fall caused by behavioral restrictions meant to slow the spread […]
$DIA $SPY $QQQ $RUTX $VXX Stocks rose for 2nd day running with stimulus in sight. Wall Street trimmed strong gains late in the session after reports raised doubts about how quickly the bill might pass, but the S&P 500 and DJIA still ended up more than 1% and 2%, respectively Wednesday, Senator Shelley Moore Capito […]
The Senate will vote on the $2-T package later Wednesday and the House of Representatives is expected to follow suit soon after. “This is a wartime level of investment into our nation,” Republican Senate Majority Leader Mitch McConnell said in a speech announcing the pact after days of negotiations between Republican and Democratic lawmakers, Treasury […]
Congressional Democrats are holding the American Aid bill “hostage” to “implement socialist policies” as citizens and businesses struggle with fallout from the coronavirus pandemic. The 11 Democratic demands include the following: $300-M in funding for public broadcasting; Expansive new tax credits for solar and wind energy; New emissions standards for airlines and a requirement for full […]
Thursday, Senate Majority Leader Mitch McConnell released a huge stimulus plan to prop up consumers, companies and local governments bending under the economic consequences of the world-wide coronavirus pandemic. A centerpiece of the package is tax rebates to individuals of $1,200 and $2,400 for married couples. Rebates are completely phased out for taxpayers with incomes exceeding […]
The Senate voted to approve a 2nd coronavirus aid bill Wednesday, paving the way for lawmakers to turn their attention to a 3rd proposal that could include direct payments to Americans. The legislation, dubbed the Families First Coronavirus Response Act, passed in a 90-8 vote in the Senate, and President Trump signed it into law Wednesday evening. The bill […]
Sunday, President Trump welcomed a “cash” payout to American farmers before the Thanksgiving Day holiday that he attributed to China tariffs. “Our great Farmers will receive another major round of ‘cash,’ compliments of China Tariffs, prior to Thanksgiving,” he wrote on Twitter. “The smaller farms and farmers will be big beneficiaries. In the meantime, and […]
Friday President Trump suggested that he may read the transcript of his phone call with Ukraine’s president that’s at the heart of the House impeachment proceedings. “This is over a phone call that is a good call,” President Trump said of the inquiry in an interview. “At some point, I’m going to sit down, perhaps […]
Monday, President Trump’s Administration cut hundreds of millions of dollars in aid to El Salvador, Guatemala and Honduras, after President Trump blasted the 3 countries because thousands of their citizens had sought asylum at the US border with Mexico. US lawmakers who opposed the plan said it is cruel to cut off aid to countries […]
FLASH: President Trump Tweeted Friday morning, “If Mexico doesn’t immediately stop ALL illegal immigration coming into the United States through our Southern Border, I will be CLOSING the Border, or large sections of the Border, next week.” Taking a powerful action against illegal immigration and threatening another, President Trump has moved to cut US aid […]
FLASH: Interim President Juan Guaido refrained from asking supporters to continue risking their lives trying to break through the government’s barricades at the Colombian and Brazilian borders. He will meet US VP Mike Pence Monday in Bogota at an emergency meeting of mostly conservative Latin American governments to discuss Venezuela’s crisis. President Guaido says he […]
Monday, President Trump signaled that socialism is on its way out and a “new day” is being ushered in for Venezuela and other Latin American countries. President Trump and First Lady Melania Trump addressed Venezuelans at Florida International University in Miami and discussed the growing crisis in the South American country. “We are here to proclaim a […]
Now, not only are the non-essentials (NE) non-essential they can be stoned doing nothing! The furloughed NE federal workers who cannot pay for medical marijuana during the government shutdown can get it for free from America’s pot dealers. BudTrader a massive marijuana-trading marketplace that allows users to buy and sell grow supplies, cannabis, and paraphernalia, declared […]
President Trump: “Migrant Caravans a National Emergency” US President Donald Trump Monday, declaring a massive caravan of immigrants heading to the US border as a national emergency, said the US will cut off or reduce the “massive foreign aid” given to Guatemala, Honduras and El Salvador after they did not stop the migrants’ trip north. “I […]
Trump Administration May Soon Demand That Israel Give Back Key Military Aid The US State Department wants President Trump to demand money back, sparking fight in Congress The Trump Administration is considering forcing Israel to hand back some $75-M in US military aid awarded by Congress following a contested effort by The Obama Admin to financially […]
The Do/Don’t of US Military Aid to Israel More specifics about congressional restrictions on US military aid for Israel have emerged with the State Department release of the memorandum of understanding (MOU) governing the bilateral pact signed nearly four months ago. Details of the $38 billion deal, which covers fiscal years 2019 to 2028, provide […]