#stocks #record #highs #NFPs #Fed #stimulus $DIA $SPY $QQQ $RUTX $VXX “Fed Vice Chairman Clarida does not expect to begin tapering its asset purchases this year“– Paul Ebeling Stocks marked all-time highs on Democrats promise of trillions more of aid/relief/stimulus to further revive the world’s largest economy. The S&P 500 marked its 4th day running […]
#Gold #Dollar #aid/relief/stimulus #PresidentTrump #veto $DIA $SPY $QQQ, RUTX $VXX $XAU $GLD $USD Gold prices ticked higher Wednesday as weakness in USD offset worries about the aid/relief/ stimulus bill after President Trump threatened to veto the over porked legislation. Spot gold rose 0.3% at 1,865.01oz by 0333 GMT, while US gold futures held steady at […]
#Gold #Bulls #USD $DIA $SPY $QQQ $RUTX $VXX $XAU $GLD “Plus, the S&P 500, DJIA, NAS Comp and Russell 2000 index all closed at their highest marks ever as The Trump Rally extended. “— Paul Ebeling Gold rose to a 1-month high after the Fed’s reiterated its commitment to supporting the economy and optimism grew […]
#Fed #WallStreet #liquidity #money $DIA $SPY $QQQ $RUTX $VXX “The Fed is absolutely supportive, Chairman Powell stresses it has got the market’s back, they are there” — Paul Ebeling Given the choice between a broad package of economic aid/relief/stimulus and targeted Fed liquidity support, Wall Street prefers liquidity, due to its benefits for asset prices. […]
#consumer #stimulus #retail #spending #Fed #PresidentTrump $DIA $SPY $QQQ $RUTX $VXX “Surprise, consumers saved 36% of their stimulus checks and kept on spending.” –Paul Ebeling As emergency aid/relief/stimulus programs for American consumers expired The People kept spending. Friday’s September retail sales report confirmed it. The government data told us that consumers put much of their stimulus money away and have recently […]
#market #stimlus #PresidentTrump #Fed $DIA $DJIA $SPY $SPX $QQQ $RUTX $USD $DXY “Investors should be preparing for inflation, not this recovering economy.“– Paul Ebeling The US and the been through a profound economic shock with the China ‘Act of War’ virus, but everything every policy-making body in the US is doing is inflationary it is […]
#PresidentTrump #stimulus #bipartisan #virus President Trump and his team have made every concession they can on the coronavirus aid/relief/stimulus deal, but the Democrats will not budge, said White House Chief Economist Joe LaVorgna . “We have been working very hard. Secretary Mnuchin has really done everything he can to move us toward the center. Remember, […]
#PresidentTrump #FOMC #US #economy #virus $DIA $SPY $QQQ $RUTX $VXX $GS “Seeing a less grim view of the virus chaos on the US Economy.”–Paul Ebeling The US’ economic wounds from the China virus chaos is much less severe than initially feared, we along with Goldman Sachs Group Inc.’s (NYSE:GS) economics team offer optimistic takes on […]
#PresidentTrump #Fed #aid #relief #stimulus #covid #Democrats #election $DIA $SPY $QQQ $RUTX $VXX Tuesday, President Trump instructed aides to stop negotiating on another round of COVID-19 relief until after the election. He Tweeted that House Speaker Nancy Pelosi (D-CA) was “not negotiating in good faith” and said he asked Senate Majority Leader Mitch McConnell focus before the election into confirming his Supreme Court nominee, Amy […]
#gold #silver #dollar #stimulus $XAU $GLD $XAG $SLV $USD $ICE “Like stocks, the gold market believes the Fed’s easy money plus big deficit spending by government will beat COVID-19’s deeply deflationary impact“– Paul Ebeling Gold futures rose Monday on a softer USD and fresh talk of a aid/relief/stimulus deal supporting prices for the precious Yellow […]
#aid #relief #stimulus #negotiations $DIA $SPY $QQQ $RUTX $VXX “President Trump is committed to getting the deal done“– Paul Ebeling President Donald Trump was discharged from the Presidential unit at Walter Reed medical center Monday evening, 3 nights after he was admitted Friday to the military hospital for coronavirus treatment. Treasury Secretary Steven Mnuchin and House Speaker […]
#gold #XAU #GLD $XAG $SLV $USD “Gold will remain range-bound in the short term. The market will wait through the weekend and look for news.” — Paul Ebeling Gold held the 1,900 mark in trading Friday, with gains capped by a firm USD, but bullion remained headed for its biggest weekly rise in 8 wks […]
#aid #relief #stimulus #Congress #PresidentTrump #virus $SPY $AAL $DAL “Speaker Pelosi’s comments on a possible shift in the talks prompted US stocks to pare losses. After falling as much as 1.2% earlier Friday, the S&P 500 Index’s decline was cut almost in half after she spoke.” — Paul Ebeling House Speaker Nancy Pelosi expressed optimism […]
#PresidentTrump #coronavirus #quarantines #dollar $USD $DXY $AUD $GBP $EUR $JPY $CHF $USO $OIL $CU The USD climbed Friday on doubts about the prospects of a new US aid/relief/stimulus package and President Trump entered quarantine after he and the First Lady tested positive for COVID-19, prompting investors to trim bets on riskier currencies and sell stocks. […]
#PresidentTrump #Fed #recovery #GDP #inflation #virus The global economy is bouncing back faster than anyone expected, but Southside risks remain and more help from the Fed and other central banks is Key for a full recovery. The US and many other world economies are recovering from a “very deep shock” and should return to pre-China […]
#PresidentTrump #Fed #money The Fed’s policy is already set on a loose and supportive course, and is unlikely to change much for the next few years. The policymakers have offered different views on how long it will take the US economy to recover from the crisis brought on by The China Virus. Boston Fed President […]
#aid #relief #stimulus Treasury Secretary Steven Mnuchin plans to resume talks with House Speaker Nancy Pelosi to work on a compromise for a new round of stimulus for the US economy very soon, Word of possible new negotiations came as Secretary Mnuchin told a Senate Banking Committee hearing Thursday that a targeted virus relief package […]
#PresidentTrump #recovery #COVID19 #Shutdown President Trump would “in no way” support another economic shutdown should the coronavirus pandemic worsen, White House Economic Council Director Larry Kudlow said Thursday. “He will completely oppose that,” Mr. Kudlow said on TV. “President Trump today me this yesterday in the Oval, in no way, shape or form will he […]
#Fed #Congress #stimulus $DIA $SPY $QQQ $RUTX $VXX Wednesday, Fed officials stressed that more fiscal stimulus is critical to sustaining the economic recovery, and US stocks fell as pessimism began sinking in that Congress would ever deliver a new aid package. Chairman Powell continued to wave the fiscal flag carefully at a congressional hearing saying […]
#Fed #Treasury #Aid #SmallBusinesses Tuesday, top US economic policymakers opened the door to further aid for small businesses hit by the virus-triggered instant recession. In testimony before the House of Representatives Financial Services Committee, Treasury Secretary Mnuchin and Fed Chairman Powell were pressed by lawmakers concerned the multi-trillion-dollar effort to battle the economic fallout from […]
#gold #silver $XAU $XAG $GLD $SLV $USD $DXY Gold fell over 3% Monday, sliding to its lowest mark in more than a month, as uncertainty over more US fiscal stimulus pressured the precious metals complex along with a stronger USD. Silver dove 9.4% to 24.25 as of 11:17a EDT, its lowest level in over a […]
#household #wealth #recovery #virus #stocks #bonds #jobs Americans’ household wealth rebounded last Quarter to a record high as the stock market quickly recovered from a medical emergency chaos-induced plunge in March. The gains flowed mainly to the most affluent households even as tens of millions of people endured job losses and shrunken incomes. Monday, the Fed said that […]
#virus #WhiteHouse The United States has “regained control of the virus,” White House economic adviser Larry Kudlow declared Monday. He made the comments in the context of explaining the sharp drop in the DJIA during the day, blaming the UK and EK for any stock market concerns. “There is some worries that Britain might shut down,” […]
#AidReliefStimulus The Big Q: How much and when will lawmakers agree on more virus aid/relief/stimulus? Tuesday, White House Chief of Staff Mark Meadows said a $1.5-T China virus relief proposal from a bipartisan group of moderate lawmakers does not align with administration priorities, but could provide a “real opening for further discussions.” “It is a […]
#US #VShape #recovery #economy #jobs #aid #relief #stimulus #PresidentTrump Tuesday, White House economic adviser Larry Kudlow declared that the United States can survive until the end of the year without another round of aid/relief/stimulus as the nation is in a “self-sustaining recovery.“ “Besides the jobs, we are in a housing boom, autos boom, a consumer spending […]
#PresidentTrump #aidreliefstimulus #election President Trump said congressional Democrats do not want to make a deal on another round of economic stimulus because they think it would help him win re-election. “They do not want to make a deal,” President Trump said at a news conference Monday, after he was asked why he would not meet […]
#profits #BigTech #records #BullRun $DIA $SPY $QQQ $RUTX $VXX Blowout profit reports from Big Tech companies drove the S&P 500 to an all-time high Wednesday. The benchmark index rose 1%. Technology stocks accounted for the Lion’s Share of the gains, outweighing losses in healthcare, utilities, and energy. The S&P 500 has been marking record highs […]
#SmallBusiness #Recovery Only about 2.7-M job losses in the US can be attributed to shuttered small businesses since the start of the coronavirus chaos, or about 18% of the total, according to a study that found that those firms have been surprisingly resilient so far. The report shows that the majority of employees let go […]
#Bulls #Summary #markets $DIA $SPY $QQQ $RUTX $VXX Summary US stocks closed flat to unchanged Monday despite strength in the tech sector. US Treasures advanced, sending 10-yr yields down 2 bpts. USD declined modestly Vs the G-10 basket, with the AUS pacing gains. Gold strengthened more than 2%. Asian equity futures are higher. US corporate investment-grade […]
#PresidentTrump #economy #recovery #Congress #money The US economy is entering a self-sustaining V-Shaped recovery and does not need a big dose of aid/relief/stimulus bill from Congress. “The numbers are coming in very, very nicely,” National Economic Council Director Larry Kudlow said adding that data suggests a rise in C-19 coronavirus cases over the Summer put only “a […]
#recession #recovery #sentiment #optimism #Bulls #Bears $DIA $SPY $QQQ $$RUTX $VXX It took 175 days for the S&P 500 index to go from Top to Bottom to Top, this recovery came faster than any in the past. The prior 12 cycles that saw stocks recover from a drop of at least 20% took an average […]
#PresidentTrump #C19coronavirus #aidreliefstimulus #Democrats It is “silly” for Democrats to say it will take Americans too long to get their enhanced unemployment benefits in place, as they could have gotten it in place a week or 10 days ago, but states are already in a position to continue extended unemployment benefits, White House economic adviser […]
#PresidentTrump #Coronavirus #aidreliefstimulus Monday, Treasury Secretary Mnuchin said The Trump Administration and Congress could reach an agreement on further economic aid/relief/stimulus as soon as this week if Democrats are “reasonable.” Secretary Mnuchin said there was room for compromise on a deal for more aid and that legislation should get passed. Apparently there were some discussions […]
#PresidentTrump #Power #authority #promises Friday night, President Trump promised that “if Democrats continue to hold this critical relief hostage I will act under my authority as President to get Americans the relief they need.” Saturday, President Trump used his Power and moved to bypass the nation’s Democrat lawmakers claiming the authority to defer payroll taxes […]
#GDP #economy #recovery #NFPs #AtlantaFed #C19Coronavirus $DIA $SPY $QQQ $RUTX $VXX The Atlanta Federal Reserve increased its estimate of Q-3 GDP growth at 20.5%. The revision by the Atlanta Fed’s ‘s GDPNow model reflects an increase in government spending growth partly offset by decreases in personal consumption expenditures growth and gross private domestic investment growth. The estimates came in after […]
#gold #silver #USD $GLD $XAU $SLV $XAG $USD Gold extended its strong Bull run Thursday, driven by expectations of more monetary response to the virus chaos. Spot gold hit an all-time high of 2,069.21oz and was up 0.8% at 2,055.87 at 2:10p EDT (1810 GMT). US gold futures settled 1% higher at 2,069.40. Data showed US jobless claims fell […]
#housing #automobiles #consumers #recovery $DIA $SPY $QQQ $RUTX $VXX Clearly, record low interest rates has helped revive the US markets for housing and autos standouts in the economy as it gains traction. Sales of new homes in June ran at their fastest pace in 13 yrs, leaving builders and the construction workers they employ with […]
#gold #silver #COMEX $XAU $GLD #XAG $SLV Tuesday, spot gold rose to a record above 2,000oz as investors continue to seek safe-haven for their assets due to economic and geopolitical risks. Gold has rallied in the past year as the C-19 coronavirus chaos prompts unprecedented amounts of aid/relief/stimulus to bolster economies, including lower rates, which […]
#Republican #lawmakers #PresidentTrump #violent #rioting #looting #aid/relief/stimulus #property #damage The $1-T aid/relief/stimulus package proposed by Republicans will compensate businesses for vandalism or looting due to public disturbances that occurred during Y 2020. And President Trump wants to send Americans more checks to shore up household finances. Republican lawmakers unveiled a $1-T coronavirus aid/relief/stimulus package, dubbed […]
#Aid/Relief/Stimulus #Congress #GDP #Fed #depression #economy US Treasury Mnuchin Calls on Congress to Pass more Stimulus this Month The economic data reported Thursday confirmed the enormity of the Q-2 blow suffered by the global economy and the challenges ahead. The longer Congress delays, the greater the risk that the stalled recovery will lead to a […]
#AsiaPacific #stock #markets #rally #dollar #gold #WallStreet #C19coronavirus #USChina #Fed #FOMC #Congress #yen #safehaven $DIA $SPY $QQQ $RUTX $XAU $GLD $USD #JPY Asian stock markets advance after Wall Street rally, gold extends, USD falls The price of gold rose 38.80 to 1,969.80oz Tuesday, up 2% to another record high. It is unusual for the price […]
#PaulEbeling #WallStreet $DIA $SPY $QQQ $RUTX $VXX The cynics obsess over negatives, as the market is focused on positives and the S&P 500 is closing in on a record high. Last week’s action The Market Needs a Stimulus Agreement and Will Get It President Trump’s Treasury Secretary Mnuchin announced a coming aid/relief/stimulus agreement. Expecting more […]
#PresidentTrump #WhiteHouse #economics #politics #aid #relief #stimulus #C19coronavirus #GOP #MAGA #WinTheWar #House #Senate #vaccine #election Tuesday, President Trump resumed holding White House news conferences about the progress of the C-19 coronavirus chaos task force. But, this news conference was different from the past 1’s, when he was accompanied by Key task force members, this time […]
#gold #stock #market #yield #opportunity #USD #safehaven #asset #investors #negative #interest #stimulus #Fed #inflation #rally $GLD $XAU $USD Negative real yields mean opportunity cost of holding gold disappears. Traditionally Gold has been thought of as a safe-haven asset. But that has not stopped it from rising to 9-yr highs, and within striking distance of its […]
#job #NFPs #ADP #growth #economy #PresidentTrump #coronavirus #recession #consumer #spending #aidreliefstimulus Just In: NFPs increased more than expected in June, the NFPs increased by 4.8-M and the prior month’s increase was revised up to 2.7-M from 2.509-M Continuing my discussion with economist Bruce WD Barren, he went on to say: “Expect the US growth to […]
#PresidentTrump #aidreliefstimulus #Senate #Republicans #coronavirus #insurance Another President Trump sponsored large C-19 coronavirus aid/relief/stimulus bill will move through the US Senate in late July, Senate majority leader Mitch McConnell (R-KY) and other Republicans predicted Tuesday. Without providing details of a bill still being crafted, Leader McConnell said “basic protections” provided by federal unemployment insurance should […]
#SP500 #stimulus #economy #Trump #Bulls $SPY $SPX $DIA #QQQ The S&P 500 rallied Tuesday to finish higher and biggest its biggest Quarterly percentage gainer in more than 20 yrs as improving economic data boosted investor beliefs that the aid/relief/stimulus backed rebound for the US economy was is happening. Coming off a Bear dive of 20% […]
#VShapedRecovery #economy #C19coronavirus #recovery #NYSE #stockmarket #rally #bullish #resiliance $DIA $SPY $QQQ $RUTX $VXX The US economy is displaying remarkable resilience and is still seeing a “V-shaped recovery” despite some setbacks in efforts to reopen state economies that had been shuttered by the C-19 coronavirus. “At the moment, the story looks very good. We are […]
The Trump Administration is discussing another stimulus package with lawmakers that could be passed in July, the latest effort to revive the US economy because the C-19 coronavirus chaos. The federal government is likely to pass at least one more fiscal relief package, according to a note early Wednesday from Goldman Sachs. The package is to […]
$DIA $SPY $QQQ $RUTX From Marty’s advice I minted my own that I have closed nearly every weekly Redroadmaster Report for the past 22 yrs: “Always take what the market gives.” Often followed by: “Tune out the Noise!“ What that means Don’t fight the Fed means that you cannot fight a Fed boss who intends […]