#investors #cannabis #marajuana #Democrates #HighTimes $DIA $SPY $QQQ $RUTX $VXX “Now, with Democrats in control, investors are ‘High on Cannabis‘”– Paul Ebeling Georgia’s 5 January election results, that flipped the Senate to Democratic control, have stoked the embers under the cannabis industry. Prior, the market for legal US product was forecast to more than 2X, […]
#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 […]
#PresidentTrump #CapitolBuilding #Terrorist #Attack #Congress The MSM and pundits discussion of the rioting last wk in Washington, DC have not been based on logic or reason Looking at President Trump’s statements, the real cause of the riots was the lack of the response of the Capitol Police. President Trump did not incite the riots. He […]
#PresidentTrump #StoptheStealMarch #BLM #Antifa #terrorists #DOD #FBI #CapitolPolice #Senate #Congress As the BLM-ANTIFA terrorists swarmed into the Capitol Building lawmakers hid or fled to the tunnels as the rioters banged on the chamber doors. Moments earlier, as hundreds of rioters stormed the building, the House controlled Capitol Police officers opened The Building doors and ushered […]
#CaptolHill #Antifa #chaos #Congress #PresidentTrump $DIA $SPY $QQQ $RUTX $VXX The DJIA, S&P 500 and Russell 2000 (+4.0%) finished higher, soaring to all-time highs Wednesday, as investors ignored the Antifa led chaos on Capitol Hill. The FOMC minutes noted continued support for the economy Former FBI agent on the ground at the Capitol just texted […]
#PresidentTrump #Rally #Congress #ElectoralCollege #objections Wednesday, 6 January, as the joint session of Congress hears the House and Senate Electoral College objections, 1000s of President Trump’s supporters will be in Washington, DC, protesting voter and election fraud. President Trump Tweeted Sunday in response to the “Stop the Steal” rally: “I will be there, Historic day!” Groups […]
#PresidentTrump #economy “The American economy has been supercharged, but it needs to eradicate The China Virus and fully reopen”— Paul Ebeling “What we need to do is get the government out of the way. And get this medical emergency chaos behind us. Not raise taxes and regulations, not shut down our oil and gas industries. […]
#TedCruz #Republicans #ElectoralCollege #Senate #Certification Senator Ted Cruz (R-TX), said Saturday he is joining a block of group of Republican Senators that will raise objections on 6 January to Joe Biden’s 3 November win according to a joint statement from the lawmakers. Senator Cruz and 10 other Republican Senators and/or Senators-elect said in a statement they would […]
#PresidentTrump #WhiteHouse #ThePeople As President of the United States it is my responsibility to protect The People of our country from the economic devastation and hardship that was caused by The China Virus. I understand that many small businesses have been forced to close as a result of harsh actions by Democrat-run states. Many people […]
#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. […]
#Republican #Presidential #Electors #PresidentTrump How it works: Presidential candidates in the United States win elections by winning the most electoral votes. The Electoral College system apportions a certain number of votes to each state. When voters in a state vote for a party’s candidate, they are casting a vote for that party’s slate of electors. […]
#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 […]
#PresidentTrump #AlternativeElectors #Congress The Electoral College vote will not end President Trump’s bid for reelection, because his allies plan to send an “alternative” slate of electors to Congress. “The only date in the Constitution is January 20,” Presidential advisor Stephen Miller said Monday. “We have more than enough time to right the wrong of this […]
#PresidentTrump #election #win “President Trump refuses to concede Joe Biden’s win, but there is a Constitutional path forward for him to remain in the White House for a 2nd Term“–Paul Ebeling For President Trump to garner the 53 electoral votes he needs, he needs to take Pennsylvania, plus the 3 other battleground states. The electoral college meets on 14 December to […]
#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 […]
#Congress #EectoralVote Friday, Representative Mo Brooks (R-Alabama) told the press that he will challenge the Electoral College vote once the electors meet, due to allegations of voter fraud. “The United States Congress has the final say on which Electoral College votes to accept and which to reject,” Mr. Brooks said on TV. “And I do not […]
#recovery #trust #risk $DIA $SPY #QQQ $RUTX $VXX “Keep the Faith, Trust this Recovery”– Paul Ebeling This V-shaped economic recovery, coming Covid vaccines and continued Trump Fed policy support offer continuing favorable environment for stocks and credit into next year and further. In our outlook for Y 2021 investors overweight stocks and corporate bonds against […]
#holiday #shopping #season #Thanksgiving #Christmas #stimulus $WMT An American tradition is almost here, the holiday shopping season. As strange and difficult this yr has been Wall Street economists expect consumers to open up their wallets in a big way this holiday season. “In what will be remembered as one of the most challenging and transformative […]
#stocks #disaster #Biden $DIA $SPY $QQQ $RUTX $VXX The Good News: Investors rotated out of growth stocks and into value/cyclical/small-cap stocks marking all time highs. The Bad News Standing against the cause of Joe Biden in stock markets is a whole lot of trouble: the coronavirus, its attendant hardships, and high corporate valuations. Add to […]
#PresidentTrump #victory #legal #votes #recounted Here are the Talking Points, as follows: 1. Only the Electoral College or the various state legislatures can declare a candidate the winner. To base this decision on network vote totals and projections and to call Joe Biden the president-elect is irresponsible. 2. The recounts in Arizona, Georgia, and the other states […]
#Congress #WhiteHouse #stimulus #BillGates #Gavi #vaccine #virus $MSFT As the US Congress debates the 2nd, but stalled, stimulus bill to help Americans hurt by the China Act of War Virus shutdowns, is a Key figure playing a role in the negotiations is Microsoft (NASDAQ:MSFT) billionaire Bill Gates. If it makes you wonder why Mr. Gates, […]
#GreatReset #technocracy #transhumanist #virus #Democrat #GreatGreenDeal #PresidentTrump #GOP $FB $TWTR “The Great Reset and the Fourth Industrial Revolution are rebranded terms for technocracy and the old “New World Order” mixed with the transhumanist movement, resilient leadership is needed to halt it.”– Paul Ebeling The Great Reset is a new “social contract” that ties you to […]
#gold #silver #coins #bullion #dollar #asset #safehaven #metals #investors #risk $XAU $XAG $GLD $SLV $USD $SPY “I believe investors can still find real safe-haven risk asset protection in the time-tested precious metals asset sector“– Paul Ebeling The US stock market is seeing the longest Bull run in history, and savvy money managers and investors are […]
#PresidentTrump #punters #bettors #risk #markets $DIA $SPY $QQQ $RUTX $VXX “Bookies have seen a flurry of bets over the last few days on the tycoon being re-elected into the White House in the Y 2020 elections“– Paul Ebeling Analysts at JPM (NYSE:JPM) said in a note Tuesday that risk markets in the 1st 2 wks […]
#JoeBiden #HunterBiden #NYPost #PresidentTrump $FB $TWTR “Rupert Murdoch’s NY-Post’s explosive story on Joe and Hunter Biden started the Fire that is Burning down Joe Biden“–Paul Ebeling It is now clear, Hussein Obama did not want Joe Biden to run because he knew it would expose the corruption within his Administration. Thursday, the Washington Post reported […]
#PresidentTrump #Stimulus $DIA $SPY $QQQ $RUTX $VXX “We’re not holding it up, she’s holding it up,” President Trump said in a TV interview Thursday. “She wants to wait until after the election. She thinks it hurts the Republicans.” It hurts Democrats. Treasury Secretary Mnuchin said Thursday that Nancy Pelosi’s “all or nothing approach does not […]
#gold #price #election #PresidentTrump $XAU $GLD $USD The SPDR Gold Shares (NYSE:GLD) is the largest gold-backed exchange-traded fund, it has retreated from recent highs but it is up 24.37% YTD. In the run-up to this Presidential election GLD and other gold ETFs may be in the headlight, but history tells up indicates gold and the other precious metals are […]
#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 #AmericaFirst #Healthcare “American seniors are often the 1s accessing our healthcare system the most, and the common-sense reforms outlined in President Trump’s healthcare plan will make it easier for them to get the care they need.”– Paul Ebeling From a $200 card soon to be in the mail to keeping his promise not to […]
#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 #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 […]
#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 […]
#government #funding #economy The most important fiscal matter is for Congress to reach a clean continuing resolution to keep the government open past 30 September White House economic adviser Larry Kudlow said Monday. “We have to really respect Justice Ginsburg and may she rest in peace,” Mr. Kudlow said on TV. “I think the most immediate […]
#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 […]
#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 […]
#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 […]
#Congress #retailers #restaurants #consultants #manufactures #financial #ruin #PPP #SBA #loans #NYSE $DIA $SPY $QQQ $RUTX $VXX “From retailers and restaurants to consulting and manufacturers, small-business owners are facing a future of potential financial ruin that will make the nation’s current economic downturn last years longer than it must,” the America’s corporate leaders said in their […]
#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 […]
#Congress #Swamp #DC #ThePeople #PresidentTrump “The Abusive, Self-Serving Congress vs. The American People , You Want Reform, Then Let’s Have a Go At it and Start with Congress!” — Bruce WD Barren Yes, the America people want reform. Well, here is is what our President Donald J Trump […]
#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 […]
#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 […]
#AesopFable #AntandGrasshopper, #moral #lessons #planning #future The Ant and the Grasshopper is one of Aesop’s Fables, numbered 373 in the Perry Index. The fable describes how a hungry grasshopper begs for food from an ant when Winter comes is refused and dies. The situation sums up moral lessons about the virtues of hard work and planning for the […]
#PresidentTrump #taxcut #stimulus #payroll #WhiteHouse #C19Coronavirus #money The White House is signaling to Congress that President Trump will veto a new C-19 coronavirus aid bill if it does not include a payroll tax cut, adding a new complication to already contentious negotiations. “President Trump wants to provide relief to hardworking Americans who have been impacted […]
#freedom #4thJuly #C19 #coronavirus #government #surveillance #Constitution #America #testing #monitoring #traveling The Bill of Rights Cannot be Suspended During a “Public Health Crisis” The 4th July in America is more than a national holiday celebrating the Declaration of Independence. For most Americans, it represents the very epitome of freedom in all its definitions and implications. […]
#aid/relief #businesses #rally #Fed #FOMC #Congress #PPP #economy #PresidentTrump $DIA $SPY $QQQ $RUTX $VXX Fed Chairman Powell and Treasury Secretary Mnuchin testified before the House Financial Services Committee about the measures taken to support the economy. Treasury Secretary Steven Mnuchin told Congress Tuesday that The Trump Administration wants the next round of economic aid/relief to […]
#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 […]
#money #cash #Fed #business, #American #inflation #savings #economy $virus #banks #consumers Recall that in Y 2008 the Fed pumped lots of cash into the financial system just as it has done year to stave off an economic collapse. But, in Y 2008 that money mostly ended up in banks’ accounts at the Fed, now that […]
US Treasury Secretary Steven Mnuchin said he may consider a second extension in the US tax filing deadline as The China Virus chaos continues. “It is something I am thinking about,” he said Tuesday.“As of now I am not intending on doing that, but it’s something we may consider.” The delay would give taxpayers additional […]
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 […]
$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 […]
The United States cannot let the C-19 coronavirus shut down its economy again, Treasury Secretary Steven Mnuchin said Thursday. He added that more than $1-T in aid/relief funds will flow into the economy over the next month. Secretary Mnuchin said he is prepared to go back to Congress for more money to support the economy, but additional […]
$DIA $SPY $QQQ $RUTX $VXX Jamie Dimon sees “pretty good odds” of a fast economic recovery starting in Q-3 thanks to the US government’s stimulus programs and the strength of the consumer going into the Medical Malpractice chaos. “You could see a fairly rapid recovery,” the JPMorgan Chase & Co. CEO said Tuesday at a […]
$DIA $SPY $QQQ $RUTX $VXX Last Week’s Close Friday May options expired, and the market show us that the leaders were going to make good moves. The futures are telling us that Monday trades will be higher after last week’s action. This story helped: Friday mid-session it was the reported that the Fed purchased $305-M […]
President Trump says that he is in no rush for Congress to pass more aid/stimulus measures to help the economy “We are in no rush,” he said while meeting with 24 House Republicans, who spent an hr taking turns complimenting and congratulating the President for his response to the coronavirus outbreak that’s cratered the economy. […]
A petition is calling on the White House to investigate Bill and Melinda Gates for “crimes against humanity” and “medical malpractice.” US Stock Market is saying, “America is a victim of malpractice by medical advisors” A petition calling on the federal government to investigate Bill and Melinda Gates for “crimes against humanity” has surpassed half […]
Early Friday, the US jobs report for April will be released, it is expected to reflect a record-setting unemployment rate of 16%, but Labor Secretary Eugene Scalia said Tuesday he has “reason for confidence” that the economy will rebound quickly from the drastic hit it suffered from the C-19 coronavirus chaos. “We got to this […]
…The China Virus chaos took its shot at destroying the world’s Top economy quickly and failed. $DIA $SPY $QQQ $RUTX $VXX $PEP $SBUX $GOOGL $CAT $LUV GOP policymakers’ powerful aggressive response to supporting the virus-stricken US economy has also helped support stocks. Investors are looked past Q-1 corporate earnings results, with the coronavirus chaos now […]
The President has taken control of the Fed. Notably, when the law was written creating the Fed, the Secretary of the Treasury was designated as the head of the Central Bank. We are returning to that era, and like it or not the Fed is being politicized. For a long, long time, the Fed played […]
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 […]
$RUTH $SHAK Over 2 wks, the US government pledged $350-B to Main Street businesses across America desperate for cash after coronavirus lockdowns. A picture is emerging of who got the money. More than 25% of the total went to fewer than 2% of the firms that got relief. They include a number of publicly traded […]
$DIA $SPY $QQQ $RUTX $VXX Friday, the White House economic adviser Larry Kudlow that May will be a “transition month” for the United States while it recovers from the effects of the coronavirus pandemic, but he “firmly” believes the economy will improve from its sudden closures. “We will get to the other side and we […]
Wednesday, President Trump threatened to use his “constitutional authority” to adjourn both chambers of Congress so he can make recess appointments and fill vacant positions within his administration, which he argued is more urgent amid the coronavirus pandemic. “The Senate should either fulfill its duty and vote on my nominees or it should formally adjourn […]
$DIA $SPY $QQQ $RUTX $VXX Despite millions of jobless claims, despite most of the country being sequestered at home, despite a falling in GDP, and despite the scare and fear brought on by the coronavirus the major US market stock indexes have recovered 50% of their losses in just the last 2 wks. At the […]
The US economy was on a strong footing before the virus health crisis and Fed officials are working to help the economy rebound quickly once businesses that were shuttered because of the coronavirus lockdown begin to reopen Economic numbers may get ugly near term because of the halt to activity, but policymakers are doing what […]
Treasury Secretary Steven Mnuchin told House Democrats that direct deposits to Americans will begin next week under the coronavirus aid/relief package. He also told the lawmakers that $98-B has been approved for small business retention under a program The Trump Administration wants Congress to bolster with another $250-B in a vote expected Thursday. The comments […]
Sunday, St. Louis Fed President said the $2.2-T economic relief bill approved by Congress was appropriately sized and that a further relief effort may not be needed if support efforts are well executed. “I felt like this one was well-sized for the situation,” St. Louis Federal Reserve Bank President James Bullard said on TV when asked if […]
Saturday, President Trump said he would ask Congress for more aid/relief money to support small businesses if the funds allocated under the $2.2-T coronavirus stimulus package runs short. President Trump Tweeted Saturday: “I will immediately ask Congress for more money to support small businesses under the #PPPloan if the allocated money runs out. So far, way […]
Nobody has any sense of how long this coronavirus lockdown will last so the federal and state government have put in place forbearance programs allows everybody to press pause on their current circumstances and breathe. And take a look at what the world might look like in 6 or 12 months and plan for that. […]
Today, as a result of the coronavirus pandemic, the world’s best Chefs are focused on serving up awareness about the doomed state of the food service industry. Good work, yes!, but that activism on Top of the $2.2-T aid/relief package will likely not be enough. “I expect 70% of restaurants will close as a result […]
Tuesday, Senator Rick Scott, (R-FL) called for Congress to investigate the World Health Organization (WHO) and consider cutting its funding, saying the group was “helping Communist China cover up” the coronavirus outbreak. “The mission of the WHO is to get public health information to the world so every country can make the best decisions to […]
$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 […]
$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 […]
Most South East Asian stocks rose on optimism around a massive US stimulus package, although Singapore shares fell after the city-state cut its annual growth forecast to better reflect the economic damage from the coronavirus pandemic. Japanese shares took a tumble Thursday following 3 days of massive gains after a rise in domestic coronavirus cases […]
$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 […]
The lockdown affecting large segments of the American public to try to curb the spread of the coronavirus is likely to last 10 – 12 weeks, or until early June, US Treasury Secretary Steven Mnuchin said Sunday. Americans are adapting to the biggest change in daily life since WWII with schools closed, sports canceled and […]
$USO $BA In this time of global crisis and economic uncertainty, both Democrats and Republicans have been seeking to exploit the China Virus pandemic in pursuit of partisan policy objectives. Bad policy! The Washington Free Beacon has come up with 10 elements to fix and shield the US economy from the WHO/China Virus crisis. Congress should […]
$DIA $SPY $QQQ $RUTX $VXX “Once we get the economy back, it is gonna all come back to us very quickly.” Friday, President Trump vowed to keep pushing for more federal spending until the economy recovers from the coronavirus outbreak, and said Americans can expect “much more” than $1,000 checks from the government. At a […]
The Democrats’ are proposing the same student loan forgiveness pitch failed Presidential candidate Elizabeth Warren made on the campaign trail. College student loan forgiveness is a ‘bad idea’ because the prevailing attitudes among dead beat students and many of their parents that since the government is owed the money, there will be a way out […]
$SPY The stock market liked what it heard out of Washington, DC, but expect the volatility to continue till it puts in the bottom. Tuesday, The Trump Administration vowed to deliver a massive financial package designed to help both businesses and individual Americans to weather the crisis. The Fed also stepped in to support the […]
Cash handouts to all American households is gaining support in Congress as the best way to shore up an economy brought to a near-standstill by the coronavirus. Senator Tom Cotton (R:AK) said he is working on legislation that would provide cash stipends to American households. Several House Democrats back sending $1,000.00 checks as the best […]
The United States could pump $800-B or more into the economy to minimize damage from the coronavirus outbreak if Congress passes a payroll tax holiday through year end, White House economic adviser Larry Kudlow said Monday. “We have an enormous fiscal plan. It’s at least $800 billion and maybe more,” Mr. Kudlow told reporters, totaling up actions already taken […]
$XAU $XAG $GLD $SLV $DJIA $USD The week closed with the Dow Jones down almost 2% from its last all-time high. Realize the bulls are only happy when the object of their affection is making new all-time highs, something the DJIA failed to do this week. So with the Dow Jones down 1.89% from its […]
On average, Americans have seen a 17% jump in household wealth since President Trump’s election, while wealth at the bottom half has increased 54%. “This is a blue collar boom,” President Trump said Tuesday night in the SOTU address to Congress, but there is a Baby Boomer ‘Boom’ Too Generationally, households with a head born […]
Only about 42% of Americans have a passport. That number has gone up in the last 20 years. In Y 1997 only 15% of Americans had 1. Now more than 50% of Americans are rely on their driver’s license as identification when they take a domestic commercial flight, that may be about to change. Americans […]
US House Judiciary Chairman Jerry Nadler and other House Democrats are pushing for “imaginary impeachment” proceedings against President Trump that “nobody in America” wants, House Minority Leader Kevin McCarthy declared Tuesday. “There are no facts for it,” the California Republican said in a TV interview. “Here is Nadler who campaigned to become chairman on the […]
Attention: Now what really matters is just what the President does and is going to do. President Trump blames the Fed for a slowing US economy, some blame it on him. A survey conducted with YouGov showed 28% of American adults believe the President in general is most responsible for the economy. That surpasses the […]
$FMCC, $FNMA Thursday, the US Treasury said the government should draw up a plan to begin recapitalizing mortgage giants Fannie Mae (OTCMKT:FNMA) and Freddie Mac (OTCMKT:FMCC), while calling on Congress to develop a comprehensive housing reform that would allow them to be safely freed from government control. The Treasury’s plan, released in a 53-pg report, […]
President Trump began work on the Wall himself all that will span the entire US-Mexico border. “Rome wasn’t built in a day,” he said after that inaugural swing, “and the same is true for this Wall. I will be dead long before it’s completed. But that is okay, because it’s never been about me. It […]
Friday, just hours after China announced retaliatory tariffs on US goods on President Trump ordered US companies to “start looking for an alternative to China, including bringing your companies HOME and making your products in the USA..” The stakes are high US companies invested a total of $256-B in China between Y’s 1990 and 2017, […]
FLASH: Homeowners enjoy a $9.7-T gain in equity in last 10 years, up from $6.1-T in Q-1 of Y 2009.. “We are lifting up forgotten communities, creating exciting new opportunities, and helping every American find their path to the American Dream, the Dream of a great job, a safe home, and a better life for […]
The former special counsel Robert Mueller appearance before Congress Wednesday, begs questions over whether he really wrote the report about the investigation he headed concerning Russian interference in the Y 2016 election and into President Trump, ex-House Speaker Newt Gingrich said Thursday. “Who was in charge?” Speaker Gingrich said on TV. “It was very clear […]
Thursday, US Senate Majority Leader McConnell (R-KY) said that Congress will raise the nation’s debt ceiling, as the United States will never be allowed to default on its debts, adding that reaching a deal between President Trump and House Speaker Nancy Pelosi (D-CA) would be the best option to prevent chaos and the potential of […]
FLASH: The initial shock at the success of this blunt and volcanic man who attacked all factions of both parties and assaulted almost every element of OBushinton political correctness and conventional wisdom, whose inaugural address was described at once by George W. Bush to Hillary Clinton as “some weird s***,” has mutated into a fear […]