Fed Saying, “Got Gold”

Fed Saying, “Got Gold”

$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 […]

US Economy Growing Despite Jobs Slowdown

US Economy Growing Despite Jobs Slowdown

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 […]

Rate Cut Looms, Wall Street Rallies

Rate Cut Looms, Wall Street Rallies

$DIA,$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 […]

Trade, Other Risks, Signal Rate Cut May Be “Warranted Soon”

Trade, Other Risks, Signal Rate Cut May Be “Warranted Soon”

$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 […]

US Economy Continues to Expand

US Economy Continues to Expand

$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 […]

Fed Keeps Rates Unchanged, Investors Bet Rate Cut Coming

Fed Keeps Rates Unchanged, Investors Bet Rate Cut Coming

$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 […]

Fed Must Cut Interest Rates Despite Strong 3.2% GDP Growth

Fed Must Cut Interest Rates Despite Strong 3.2% GDP Growth

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 […]

Fed Mins ‘Dovish’, No Interest Rate Increases This Year and Into 2020

Fed Mins ‘Dovish’, No Interest Rate Increases This Year and Into 2020

$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 […]

US Economy Looks ‘Very Good’ in Here, Stocks Break Out on Volume

US Economy Looks ‘Very Good’ in Here, Stocks Break Out on Volume

$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 […]

China Musts: Align with US on Trade and Stimulate Sinking Economy

China Musts: Align with US on Trade and Stimulate Sinking Economy

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

Falling Crude Oil Prices Great for US Consumers and Emerging Markets

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 Asks His Cabinet for 5% Cut in Next Year’s Budget

President Trump Asks His Cabinet for 5% Cut in Next Year’s Budget

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”

President Trump is “Guiding Hottest Economy in World”

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’

More Tax Cut Legislation on ‘Fast Track’

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

US Economy Can Handle Trump Budget Deficits

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

Alrosa Finds Giant Gem Quality Pink Diamond

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”

Tax Reform: Mr. President, “Keep it simple”

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

A 5 to 10% Pullback in the Market will be Bullish

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

‘Draining the Swamp’, President Trump to Revamp State

‘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 […]

The Trump Tax Cut Signals “the War against American Business is Over”

The Trump Tax Cut Signals “the War against American Business is Over”

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 […]

Monday, President Donald Trump Vowed to Cut Regulations & Taxes

Monday, President Donald Trump Vowed to Cut Regulations & Taxes

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, […]

China Slashes Crude Oil Refinery Output on Sluggish Prices

China Slashes Crude Oil Refinery Output on Sluggish Prices

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 […]