Tuesday, Wite House economic adviser Larry Kudlow said President Trump is not considering any changes to Fed Chairman Jerome Powell’s status following a report that the White House had explored the possibility of demoting him. Mr. Kudlow spoke to reporters at the White House ahead of the FOMC’s meeting this week that comes on the […]
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 […]
$SPY, $SPX The FOMC meeting next week is shaping up as pivotal for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more Dovish tilt after policymakers raised expectations for a rate cut in recent weeks. The benchmark S&P 500 has rallied more than 5% so far this […]
$XAU, $GLD, $USD Mr. Market started seriously pricing in the possibility of interest rate cuts. To be fair, the signal came from the Top of the economic politburo that matters that being the Federal Reserve. Speaking at an event at the Chicago Fed last Tuesday, Chairman Jerome Powell hinted that the Fed would likely cut […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: White House economic adviser Larry Kudlow predicts the US economy will maintain 3% pace without a China trade deal. “The US economy is very strong, I think we are in pretty good shape and I think we’ll maintain a 3% growth pace this year,” said Mr. Kudlow, who […]
$JPM, $GS, BAC, The weak May NFPs report is push the Fed closer to cutting interest rates soon if not sooner. While a reduction when policy makers meets later this month cannot be ruled out, Fed watchers said their base case is for the FOMC to stand pat. But they said the abrupt slowdown in […]
Under President Trump the US economy is continuing to grow, despite a jobs report that showed job growth had slowed down sharply in May while wages rose less than expected. “We have had extraordinary job growth over the past couple of years, record job growth,” VP Mike Pence’s Chief of Staff Marc Short told reporters. “Unemployment is at a […]
$DIA,$SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: The technology sector was the biggest boost to the S&P with a 3.3% advance, led by gains in Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) Wall Street’s 3 major indexes rallied Tuesday to clock their biggest one-day gains in five months after Fed Chairman Powell left the door open for a […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: Growing expectations for the Fed to cut rates to address slower growth and muted inflation; 2-yr yield drops 12 bpts to 1.83% . St. Louis Fed President James Bullard (FOMC Voter) said that slower economic growth could be sharper-than-expected due to the trade uncertainty. Mr. Bullard added that […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: The S&P 500 reclaimed its 200-Day MA (2776) after falling below the Key technical mark during the day and bouncing Wednesday US stocks declined Wednesday, with the S&P 500 and NAS Comp closing just above Key support marks, as worries that a lengthy US-China trade war would crimp […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: This economic expansion is set to become longest in US history, according to the latest leading-indicators data. The Conference Board Leading Economic Index (LEI) for the US increased 0.2% in April to 112.1, following a 0.3% increase in March, and a 0.2% increase in February. “The US LEI rose […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Global equities declined Wednesday, capping a 3-day winning streak after the Fed held rates steady as expected, but comments from Fed Chairman Powell cast doubt on whether the central bank’s next move would be a rate cut, as expected. The Fed left its Key interest rate unchanged Wednesday and […]
FLASH: White House economic advisor Larry Kudlow says the Fed should still cut interest rates despite strong economic growth in Q-1. The government said GDP, expanded by 3.2% in Q-1 of this year, which the veteran financial guru and former Ronald Reagan adviser called “a blow out number.” “The inflation rate continues to slip lower […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The majority of Fed officials last month believed that economic conditions would likely warrant keeping its Dovish monetary policy unchanged for the rest of this year. Several officials said their view could shift in either direction based on incoming data, according to minutes of the meeting released Wednesday. Weaker growth […]
$DIA, $SPY,$QQQ, $RUTX, $VXX FLASH: S&P 500 marks its Best Quarter since 2009 Friday the US stock market liked what it heard: The US and China held “constructive” trade talks in Beijing this week, according to Treasury Secretary Steven Mnuchin and the White House. Trade talks will continue next week in Washington with China’s Vice […]
The Fed’s Key reversal on rate increases along with weak economic data has left a part of the US Treasury yield curve close to levels at which the FOMC has in the past been prompted to cut rates. The Fed last Wednesday brought its 3-year drive to tighten monetary policy to an abrupt end, abandoning […]
The Federal Reserve Bank of St. Louis’ President James Bullard applauded the shift away from its policy of raising interest rates, saying that should help to ensure a solid US economy for the next 2 years. “I think it set us up for a very good couple of years here,” Mr. Bullard said in a TV […]
China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said Wednesday. Mounting US trade tariff pressure on the world’s 2nd-biggest economy pushed growth last year to its lowest since Y 1990 even as Beijing stepped up stimulus measures […]
Falling Crude Oil Prices Great for US Consumers and Emerging Markets $USO, $OIL, $UGA, $USD US Holiday shoppers should enjoy more spending power thanks to the recent dive in Crude Oil prices. While this fall in Crude Oil prices does not yet match the Ys 2014-2016 fall to $26 bbl, the current decline should soon […]
President Trump Sees a 10% Tax Cut for Middle-income Americans President Donald Trump, speaking to reporters at the White House as he left on a campaign trip to Texas, said Monday his Administration planned to produce a resolution within two weeks calling for a 10% tax cut for middle-income people. “We are putting in a […]
President Trump Asks His Cabinet for 5% Cut in Next Year’s Budget Dubbing it the “nickel plan,” President Donald Trump announced Wednesday that he’s asking every Cabinet Secretary to cut their next-year’s budgets by 5%. “Get rid of the fat. Get rid of the waste,” President Trump told members of his Cabinet during a meeting […]
President Trump is “Guiding Hottest Economy in World” The US National Economic Council Director Larry Kudlow said America’s economy is leading the rest of the world by returning to a basic approach of cutting taxes and burdensome regulation to allow businesses to freely flourish with government oppression. “The U.S. is the hottest economy in the […]
More Tax Cut Legislation on ‘Fast Track’ House Republicans unveiled a Y 2019 budget proposal Tuesday to send a message to their core supporters that repealing Barack Obamacare, cutting taxes and partially privatizing Medicare remain high on their agenda. The budget, which claims to balance by Y 2027 through $8-T in spending cuts, seeks to […]
US Economy Can Handle Trump Budget Deficits The US economy can handle the trillion-dollar deficits that are forecast to result from President Trump’s budget proposal released Monday. “The deficit is going to be 5.5% of GDP for FY 2019. Over 10 years, it’s going to average about 3.5% ,” economist Larry Kudlow said pointing out […]
Alrosa Finds Giant Gem Quality Pink Diamond MCX:ALRS, $BID Russia’s Alrosa (MCX:ALRS), the world’s #1 diamond producer by output in carats, has unearthed 27.85-carat Pink precious stone the company believes could be the most expensive it has ever found. Alrosa is trying to decide on whether to sell this Pink stone as a rough diamond, or cut […]
Tax Reform: Mr. President, “Keep it simple” One of the most enduring lessons from the American healthcare fiasco is that to win a political battle it is best to keep the message simple. If there are too many moving parts to a plan, if Americans don’t understand what the politicians are doing, or if there […]
A 5 to 10% Pullback in the Market will be Bullish And Low Inflation in the US is Like a Tax Cut for the Economy Economist Larry Kudlow, a former adviser to President Ronald Reagan, said he is Bullish stocks because profits are rising, inflation is low and consumer confidence is high. “I’m very Bullish […]
‘Draining the Swamp’, President Trump to Revamp State President Donald Trump has plans to revamp the State Department “My suspicion is that within the White House, particularly amongst the nationalist faction… that this seems to actually be a concerted effort to diminish the role of the State Department in U.S. foreign policy and hamper its […]
Chances of Rate Hike Falls as Fed Cuts Debt Fed officials have indicated they will begin to reduce the central bank’s $4.5-T of Treasury and mortgage debt. The debt was bought from banks for several years after the Y 2008 financial crisis as a way of pushing down interest rates to help the economy recover. […]
The Trump Tax Cut Signals “the War against American Business is Over” US President Donald Trump’s proposed tax cuts will boost incentives for Americans to work, invest and save, good on Donald Trump. “The War against business is over,” Larry Kudlow said in an interview Wednesday. “The biggest single missing ingredient in tax policy over […]
The World Diamond Industry 2017 $RIO, $BHO, $NGLOY, $LUCRF, $GMDMF, $BID, $TIF As the diamond industry enters Y 2017, Q-1 demand for rough has been stronger relative to Q-4 2016 and also relative to a year ago. The US is the largest diamond jewelry market in the world representing 45% of global demand. Christmas season Y […]
Monday, President Donald Trump Vowed to Cut Regulations & Taxes $DIA, $SPY, $QQQ, $VXX Monday, US President Donald Trump met with a dozen American manufacturers at the White House, pledging to slash regulations and cut corporate taxes, but warning them he would impose taxes on imports if they move production outside the country. President Trump, […]
President Trump Would Cut Tax Rates Across The Board Donald Trump’s tax plan cuts taxes for all Americans with an emphasis on the middle class, his economic policy adviser Wilbur Ross said Tuesday on TV. A President Trump would slash rates across the board, Mr. Ross said “He wants to cut taxes for everybody,” Mr. […]
China Slashes Crude Oil Refinery Output on Sluggish Prices $OIL, $SHI, $PTR China’s Crude Oil output fell 9.9% Y-Y in August, the biggest monthly fall since Y 2003 as refineries slashed production amid sluggish global Crude Oil prices, data from the National Bureau of Statistics showed Monday. Imports have trended upward after private refineries were […]