The Fed’s Policy Statement Indicated it Will Move to Stimulate the Economy

The Fed’s Policy Statement Indicated it Will Move to Stimulate the Economy

#Fed #FOMC #policy #stimulate #economy #stockmarket $DIA $SPY $QQQ $RUTX $VXX The Fed used its policy statement to begin to pivot from stabilizing financial markets to stimulating the economy, saying that it would keep its current government bond-buying at least at the current pace of $120-B per month, in part to ensure “accommodative” financial conditions in the future […]

The China Virus Will Take a ‘Smaller Bite’ Out of the US Economy Than Expected

The China Virus Will Take a ‘Smaller Bite’ Out of the US Economy Than Expected

#Fed #PresidentTrump #economic #recovery #jobs #growth The Fed boosted its view of the American economy’s recovery from the China virus crisis Wednesday, projecting the chaos will take a smaller bite from the economy this year with 3 yrs of steady growth to follow. In new economic projections released along with the FOMC’s latest policy statement, […]

America’s Business Owners Support President Trump Over ‘Slow Joe’ Biden

America’s Business Owners Support President Trump Over ‘Slow Joe’ Biden

#President Trump #business #owners #support The Presidential election is the Top concern of business owners, and most of them want President Trump to win another term in the White House, according to a new survey from UBS.   53% of business owners surveyed said they support President Trump, while 47% said they support former Vice President […]

Yes, Hussein Obama/Biden Created Some Jobs, All Low Paying in Their No Growth Economy

Yes, Hussein Obama/Biden Created Some Jobs, All Low Paying in Their No Growth Economy

#PresidentTump #economy #growth #jobs #virus #ACA Economists who support the economic policies of Messrs Hussein Obama/Biden point out that there were nearly 1.5-M jobs created during the last 3 yrs of the administration than there were during the 1st 3 yrs of The Trump Administration. Factually that is correct but a close look reveals the […]

US is in a Self-Sustaining Recovery

US is in a Self-Sustaining Recovery

#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 […]

Job Creation Is Going to Elevate President Trump

Job Creation Is Going to Elevate President Trump

#PresidentTrump #jobs #economy #election #voters #coronavirus Record job creation in the past 4 months after the global coronavirus chaos’ low point are going to give President Trump an election boost, according to economist Steve Moore. “May, June, July and August have been the 4 biggest months of job creation in the history of the United […]

Medical Technocracy Made the Virus Chaos Possible

Medical Technocracy Made the Virus Chaos Possible

#virus #chaos #medical #technocracy #totalitarianrule Technocracy is an economic ideology built around totalitarian rule by unelected leaders that got its start in the 1930’s, when scientists and engineers got together to solve the nation’s economic problems The word comes from the word “techn,” which means “skill,” and the Greek god “Kratos,” which is the divine […]

President Trump, “Expanding US Economy the Priority”

President Trump, “Expanding US Economy the Priority”

#PresidentTrump #WhiteHouse #priorty #economy #coronavirus #chaos Friday, White House economics adviser Joseph Lavorgna said the economic slowdown caused by the outbreak of the novel coronavirus chaos caused the lion’s share of an estimated $3.3-T budget deficit, and said that he did not believe this is the climate was to attack it. Mr. Lavorgna, the special […]

Jobs Report Good, Getting Better, Low Interest Rates to Stay for a Long Time, Do Not Fear September in a Presidential Election Year with the Incumbent Running

Jobs Report Good, Getting Better, Low Interest Rates to Stay for a Long Time, Do Not Fear September in a Presidential Election Year with the Incumbent Running

#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 […]

Fed Speak: US Rates to Stay Ultra-Low for a Long Time, Market Likes ‘Cheap Money

Fed Speak: US Rates to Stay Ultra-Low for a Long Time, Market Likes ‘Cheap Money

#Fed #interest #inflation #money #market #investors $DIA $SPY $QQQ $RUTX $VXX The Trump Fed announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near Zero even after inflation has exceeded the Fed’s 2% target level. The change tells us that the Fed is prepared to tolerate […]

“A lower US dollar will give a shot in the arm to US exports and overall global growth”

“A lower US dollar will give a shot in the arm to US exports and overall global growth”

#global #growth #exports #dollar $USD $EUR $GBP $USO $XAU $GLD The USD is struggling, and the market is betting the Buck has more room to fall. The trade-weighted USD has fallen 7% from its March highs, and we expect it fall at least 15% from the highs. That will give a shot in the arm […]

Stocks are Forward Looking Assets, the Sentiment is Very Bullish

Stocks are Forward Looking Assets, the Sentiment is Very Bullish

#PresidentTrump #Fed #liquidity #stocks #earnings #economy #VShaped $DIA $SPY $QQQ $RUTX $VXX Stocks are forward-looking assets, so this market should hold up in the coming months no matter economic numbers are not great and The Virus is still hanging around, we have at V-Shaped stock market recovery and a V-Shaped economy is building. The amount […]

Housing is 1 of the Most Important Elements in the US Economy

Housing is 1 of the Most Important Elements in the US Economy

#housing #economy Housing is 1 of the most important elements in the US economy as home construction and sales include firms in over 54 industries. When the housing market booms, sales of products related to homes rise significantly too. The low mortgage rates have induced people to buy, but the rising prices are a warning that […]

The Coming ‘Spending Boom’ Will Drive Stocks and Economy Due North

The Coming ‘Spending Boom’ Will Drive Stocks and Economy Due North

#spending #boom #stocks #economy #gold #hedge #liquidity $DIA $SPY $QQQ $RUTX $GLD $XAU A “spending boom” will happen in Y 2021 as pent-up demand from consumers and increased liquidity shoveled into the economy as a successful vaccine and and C-19 coronavirus treatment is developed. And the stock market has much more room to run even […]

President Trump’s Policies are “Rocket Fuel” for the Economy

President Trump’s Policies are “Rocket Fuel” for the Economy

#RNC #DonaldTrumpJr #economy #freedom Outlining specific policies that have helped all Americans, Donald Trump Jr. hammered the Democrat Party for its rejection of President Trump’s successes in his address to the Republican National Convention. “After 8 years of Obama and Biden’s slow growth, Trump’s policies have been like rocket fuel to the economy and especially to the […]

The US Economy Booms, The C-19 Coronavirus Fades

The US Economy Booms, The C-19 Coronavirus Fades

#economy #stock #market #booms #virus #fades #exuberance $SPY #SPX The US economy has rebounded with unemployment rates falling substantially over the past 3 months and the stock market booming will only improve more as the coronavirus chaos is gotten more under control, Economist Steven Moore predicted Sunday that the economy will really start to boom […]

Americas Voters are Coming Out for President Trump

Americas Voters are Coming Out for President Trump

#PresidentTrump #voters #Republican #White #Hispanic The vast majority of Republican voters approve of the US economy’s state and how the government handled the C-19 coronavirus, a new poll shows. Heading into the GOP convention Monday, 75% of Republicans say the US is in better condition than it was 4 years ago, with 82% crediting President […]

Fed Urged to Deliver More Aid/Relief to Small and Medium-sized Businesses Struggling Because of the C-19 Chaos

Fed Urged to Deliver More Aid/Relief to Small and Medium-sized Businesses Struggling Because of the C-19 Chaos

#Fed #lending #MainStreet #aid #relief #money A bipartisan Congressional panel overseeing the implementation of some coronavirus aid/relief programs urged the Fed and US Treasury to take more risk with taxpayer dollars and increase outreach efforts to deliver more aid/relief to small and medium-sized businesses struggling because of the C-19 chaos. The panel’s recommendations Keyed around […]

The Trump Policies Work, America’s V-Shaped Recovery is Happening Despite Democrats Sandbagging

The Trump Policies Work, America’s V-Shaped Recovery is Happening Despite Democrats Sandbagging

#Trump #recovery #stocks #exports #housing #sandbagging #Democrats #Republicans $DIA $SPY $QQQ The last recession, from Ys 2007 to 2009, was harsh because of of the meltdowns in the financial and housing markets. The S&P 500 dove 56% from peak to trough, and home values declined 27%. That loss of household wealth took years to recover and scared on […]

US Economic Recovery Continues Higher, COVID-19 Eases

US Economic Recovery Continues Higher, COVID-19 Eases

#Economic #Recovery Americans moved back into restaurants and gyms over the past week, hiring advanced across a sample of those industries and a rise in job postings suggested it will continue, signs the US recovery is moving North. High-frequency data estimating retail stores visits and employment across industries as well as broader indexes of the […]

Increasing Bullishishness Dovetails with Savvy Wall Street Strategists

Increasing Bullishishness Dovetails with Savvy Wall Street Strategists

#WallStreet #Bullishishness #VIX #coronavirus $DIA $SPY $QQQ $RUTX $VXX The fear on Wall Street is fading, as stocks continue their unprecedented Bull run in the midst of the global coronavirus chaos. The Cboe Volatility Index (VIX), or “fear gauge,” is near its lowest mark since late February and options markets are showing diminishing concerns of […]

President Trump Inherited “Worst, Slowest Economy Since the Great Depression”

President Trump Inherited “Worst, Slowest Economy Since the Great Depression”

#PresidentTrump #economy #GreatDepression #ChinaTrade Democrats are blaming President Trump for the country’s economic problems that have been happening since the coronavirus chaos began, but the fact is that The Trump Aadministration “inherited the worst, slowest economy” since the Great Depression, White House economic adviser Larry Kudlow said Thursday.  “Yeah, sure, blame him for the virus […]

The US Economy Rebounding “Very, Very Strongly”

The US Economy Rebounding “Very, Very Strongly”

#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 […]

The Trump Team Handled Coronavirus Chaos Magnificently, Market Responded With Record Bull Run

The Trump Team Handled Coronavirus Chaos Magnificently, Market Responded With Record Bull Run

#PresidentTrump #economy #Coronavirus #BullMarket $DIA $SPY $QQQ $RUTX $VXX President Trump and his economic team have handled and are handling the economy “magnificently” during the coronavirus chaos, and there is no doubt that a V-shaped recovery is happening The S&P 500 closed at a record high Tuesday while rebounding from huge losses triggered by The Virus Chaos. […]

President Trump, “An Incredible Comeback is Underway”

President Trump, “An Incredible Comeback is Underway”

#PresidentTrump #economy #comback $QQQ $SPY $GM $F $MMM We are seeing the fastest economic recovery in US history Under President Trump, America built the strongest economy the world has ever seen. The stock market broke and continues to break records, the unemployment rate dropped to its lowest marks in 50 yrs, and income inequality fell as […]

Trey Gowdy to President Trump, “Something fishy is going on”

Trey Gowdy to President Trump, “Something fishy is going on”

#PresidentTrump #TreyGowdy #fishy #Democrats #China #C19coronavirus Former distinguished US Congressman Trey Gowdy (R-SC) to President Trump and America’s Governors: “I’m not saying Covid-19 isn’t real… But Pay attention folks, there’s much more going on here than what meets the eye. Is it a coincidence that just when the economy is booming, the stock market is […]

Thailand Biggest Economic Slump Since 1998 Means More Government Stimulus

Thailand Biggest Economic Slump Since 1998 Means More Government Stimulus

#Thailand #economy #stimulus #coronavirus Thailand’s economy suffered its biggest annual contraction since the 1998 Asian financial crisis in Q-2 due to the fallout of the coronavirus chaos, prompting the government to slash its GDP forecast for the year and announce more stimulus Data from the state planning agency showed a 100% fall in foreign tourism […]

Worker Productivity + 7.3%, Biggest Increase Since 2009

Worker Productivity + 7.3%, Biggest Increase Since 2009

#worker #productivity #coronavirus #chaos US worker productivity rose at a 7.3% rate in Q-2, the largest Quarterly increase since 2009. Labor costs also rose 12.2%. The US Labor Department report Friday is its 1st estimate of Q-2 productivity and follows Q-1’s 0.3% decliner. Labor costs rose again in Q-2 after rising at a 9.8% rate in Q-1. […]

The Week in Review

The Week in Review

#stock #market #positive #economy #data #investors $DIA $SPY $QQQ $RUTX $VXX It was another positive wk for the US stock market, and it was nearly a record-setting wk for the S&P 500. The benchmark index gained 0.6% marking record highs intraday 2X this week on relative strength in the cyclical and value-oriented stocks. The DJIA […]

The 100-Day Gainer Best Since August 1933, The Trump Policies Work

The 100-Day Gainer Best Since August 1933, The Trump Policies Work

#stocks #recovery #Bull #Bear #market #PresidentTrump $DIA $SPY $QQQ $RUTX $VXX The US stock market has not experienced a 100-Day gainer this strong since Y 1933, stocks have seen a very strong recovery in the 100 trading days since the 23 March lows Thursday marked the 100th trading day since the stock market’s chaos panic […]

President Trump, ‘Promises Made, Promises Kept’ Litany Continues

President Trump, ‘Promises Made, Promises Kept’ Litany Continues

#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 […]

I See No Technical Clues That Gold is Near a Top

I See No Technical Clues That Gold is Near a Top

#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, Auto Demand Are Standouts in V-Shaped Recovery

Housing, Auto Demand Are Standouts in V-Shaped Recovery

#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 […]

“Fear is Driving Decline in US Consumer Activity”

“Fear is Driving Decline in US Consumer Activity”

#fear #sentiment #confidence #US #consumer #Fed #C19coronavirus Sunday, the head of the Federal Reserve Bank of Minneapolis said “fear” is the Key factor behind a distressing decline in consumer activity that signals a stalling of the economic recovery. In a TV interview Fed member Neel Kashkari said consumers have to feel safe from the C-19 coronavirus chaos […]

30 Yr Home Mortgages Fall to 2.99%, a 50 yr Low

30 Yr Home Mortgages Fall to 2.99%, a 50 yr Low

#home #mortages #rates #economy US average rates on long-term mortgages declined this week, remaining near historic lows as the Key 30-yr loan dipped back below 3%. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-yr home loan eased to 2.99% from 3.01% last week. The benchmark rate has not fallen below […]

US Stocks Finished Friday and July on High Notes

US Stocks Finished Friday and July on High Notes

#stocks #bigtech #revenue #earnings #virus #ecommerce #spending #investors #GDP #NYSE $DIA $SPY $QQQ $RUTX $VXX Stocks closed Friday and July on high notes, with the Bulls still in charge. The NAS Comp outperforming after of better than expected corporate earnings results from big tech firms like Facebook (NASDAQ:FB) and Apple (NASDAQ:AAPL), which both marked record […]

The Economic Data Calls for More Aid/Relief/Stimulus

The Economic Data Calls for More Aid/Relief/Stimulus

#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 […]

President Trump Has a ‘Full Plate’ in the 2nd Term, He is Ready!

President Trump Has a ‘Full Plate’ in the 2nd Term, He is Ready!

#President Trump #Law #Order #RonaldReagan #ColdWar President Trump’s enemies are running Sleepy Joe Biden, a 3X loser, and a Beltway lifer who is credibly accused of selling his office, leaking false intel about General Flynn to the Washington Post and hands on friendliness with female various and sundry females, young and old. And let’s not forget that a Ukrainian […]

Tuesday’s World Markets Outlook: Asia-Pacific + Wall Street Recap

Tuesday’s World Markets Outlook: Asia-Pacific + Wall Street Recap

#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 […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

#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 […]

President Trump, “Success is Key to Healing Divided America”

President Trump, “Success is Key to Healing Divided America”

#PresidentTrump #success #healing #America #coronavirus When asked how to heal a divided nation during this civil unrest, the global C-19 coronavirus chaos, and his re-election campaign, President Trump acknowledged he is a lightning rod for a purpose, pointed back to economic success for working Americans. “I think it was happening, and then we got hit […]

Mega Caps Back and Fill, Dollar Slides, Gold Charges to Record Highs

Mega Caps Back and Fill, Dollar Slides, Gold Charges to Record Highs

#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 […]

How President Trump ‘Wins the War’ on 3 November

How President Trump ‘Wins the War’ on 3 November

#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 […]

US Existing Home Sales Up by Record 20.7% After Slumping for 3 Months

US Existing Home Sales Up by Record 20.7% After Slumping for 3 Months

#home #sales #prices #inventory #FHFA #NAR #work #C19coronavirus Existing home sales rose by 20.7% M-M in June to a seasonally adjusted annual rate of 4.72-M That is the largest monthly increase on record, although the seasonally adjusted annual rate of existing home sales is still 18% lower than where it stood in February. The Key […]

Warning: Australia’s Economy to Shrink 7% in Q-2

Warning: Australia’s Economy to Shrink  7% in Q-2

#Australia #economy #shrink #recession #depression #unemployment #recovery #C19Coronavirus $AUD Thursday, Australia warned that its economy shrank at its fastest pace in history during Q-2, while the budget deficit will be the biggest since WWII as the country battles to contain the impact of the C-19 coronavirus. The government has pumped tens of billions of AUDs […]

S&P 500 Turns Positive, Investors Focus on Shutdown Odds

S&P 500 Turns Positive, Investors Focus on Shutdown Odds

#Investors #ignore #C19coronavirus #shutdown #economy #earnings #recovery #PresidentTrump $DIA $SPY $QQQ $RUTX $VXX Deep in investor minds is the Big Q: What are the chances of another lockdown The Big A: Slim to None, as The Trump Administration has no appetite for shutting down the nation again. Instead, President Trump is looking for ways to […]

Wall Street Firms Consider Moving Jobs Out of New York City

Wall Street Firms Consider Moving Jobs Out of New York City

#WallStreet #NYC #jobs #economy #technology $DIA $SPY $QQQ $RUTX $VXX Wall Street gained ground Monday and rising technology shares drove the NAS Comp to another record closing high. Q-2 earnings: 48 companies in the S&P 500 have posted results, with 77.1% of those beating consensus, according to Refinitiv data. In aggregate, analysts now expect S&P […]

US 30-yr Fixed Rate Mortgage Rate Dives to 50-yr Lows

US 30-yr Fixed Rate Mortgage Rate Dives to 50-yr Lows

#mortgage #homebuilding #retail #sales #Fed #QE #bonds #market #stimulus #economy $DIA $SPY $QQQ $RUTX $VXX $SPSIHO The S&P 500 Homebuilding Index (SPSIHO), which includes Lennar Corp.(NYSE:LEN), DR Horton Inc.(NYSE:DHI), and PulteGroup Inc.(NYSE:PHM), gained 2.4% Thursday. The index is up nearly 9% YTD, compared with a 0.05% decline in the broad S&P 500 overall. US 30-year […]

S&P 500 Shines Despite the C-19 Coronavirus Overhang

S&P 500 Shines Despite the C-19 Coronavirus Overhang

#SP500 #C19Coronavirus #stocks #cash #winners #economy $SPY $SPX $RUTX The big-cap US stocks may not be biggest winners when the virus is under control. US stocks, as measured by the benchmark S&P 500 index are strong even with the increase C-19 coronavirus cases, as the index contains nearly all of the world’s very largest listed […]

“Polls Showing Donald Trump Losing to the masked Joe Biden are ‘Fake'”

“Polls Showing Donald Trump Losing to the masked Joe Biden are ‘Fake

#President Trump #China #silentmajority #support #Hong Kong #Beijing #economy #C19cronavirus President Trump said at the White House Tuesday that he’s doing better than anyone realizes in his quest for reelection.   President Trump criticized polls that currently show him an average of nearly 10 pts behind Joe Biden nationally and says there is a “silent majority” that backs […]

President Trump Says: US in a “Good Place”, Rebukes Dr. Doom Fauci on His C-19 Coronavirus Comments

President Trump Says: US in a “Good Place”, Rebukes Dr. Doom Fauci on His C-19 Coronavirus Comments

#PresidentTrump, #C19Coronavirus, #US #China #economy, #WhiteHouse, #NYSE $DIA $SPY $QQQ $RUTX $VXX Tuesday, President Trump publicly criticized Dr. Anthony ‘Doom’ Fauci for his comments on the C-19 coronavirus chaos, and said the US is in a “good place” despite a rise in virus cases. “Well, I think we are in a good place. I disagree […]

Record US Job Growth Beats All Expectations in June Marking an All-time Record

Record US Job Growth Beats All Expectations in June Marking an All-time Record

#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 […]

The China Virus Will Not Shut Down the US Economy Again

The China Virus Will Not Shut Down the US Economy Again

$DIA $SPY $QQQ $RUTX $VXX Thursday, Top White House economic adviser Larry Kudlow said the US economy will not shut down again and cripple the strong economic recovery. Mr. Kudlow said there will be “spikes and hot spots,” that might force shutdowns “in individual places or certain stores.” But the American people will/can “have to […]

Arts & Crafts in North America on Recovery Track

Arts & Crafts in North America on Recovery Track

$MIK Michaels Companies (NASDAQ:MIK) is the largest Arts & Crafts retail chain in North America, it also owns several brands that enable it to offer arts, crafts, framing, floral, home décor and seasonal merchandise to decorators. MIK has made an impressive recovery during the last 3 months off a 18 March closing low at 1.00/share. […]

US New Home Sales Spike 16.6%, Economy Reopens

US New Home Sales Spike 16.6%, Economy Reopens

$TOL $LEN $KB Sales of new homes rose a strong 16.6% in May with the reopening of major parts of the country fueling healthy activity in the US housing market. The Commerce Department reported Tuesday that sales of new single-family homes rose to a seasonally adjusted annual rate of 676,000 last month. That was a much better […]

President Trump’s Economic Policies Will Bring Economic Prosperity Back and ‘Make America Great Again’

President Trump’s Economic Policies Will Bring Economic Prosperity Back and ‘Make America Great Again’

President Trump is holding rallies, while presumed Democratic candidate Joe Biden, 78 anni, is still working remotely from his basement and not seen returning to more active campaigning yet. He has not had a press conference in 83 days, no reporters, no questions on the critical issues gripping the nation. As always The Trump Campaigns […]

Fed Vice Chairman Sees No Asset Value ‘Bubble’

Fed Vice Chairman Sees No Asset Value ‘Bubble’

Friday, the #2 official at the Fed said that he does not see signs of inflation in asset values in financial markets. Asked in a TV interview if he saw unintended consequences or new bubbles stemming from the strong Fed policy response to the C-19 coronavirus chaos, Fed Vice Chairman Richard Clarida replied: “I certainly […]

More Government Support Needed to Bolster US Economy, It is Coming

More Government Support Needed to Bolster US Economy, It is Coming

$DIA $SPY $QQQ $RUTX $VXX The continuing uncertainty brought on by the C-19 coronavirus chaos may hamper the US economic rebound from instant recession, and more fiscal and monetary support will likely be needed, Boston Federal Reserve President Eric Rosengren said Friday. Mr. Rosengren repeated his view that the US unemployment rate will likely be […]

What the Fed Said in ‘Five Easy Pieces’

What the Fed Said in ‘Five Easy Pieces’

Last Wednesday Fed Chairman Powell spoke showing he has the power to move markets when it comes to monetary policy and how to help deal with the current C-19 coronavirus chaos’s instant recession. The FOMC was not expected make any change regarding Zero interest rates and nothing really new on the Fed’s ongoing asset purchases […]

Marty Zweig: “Don’t fight the Fed and Don’t fight the Tape”

Marty Zweig:  “Don’t fight the Fed and Don’t fight the Tape”

$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 […]

Bank of England Unveiled Big Stimulus Plan to Bolster UK Economy

Bank of England Unveiled Big Stimulus Plan to Bolster UK Economy

Just In: Bank of England increases its bond-buying programme to GGP 745-B from GBP 645-B, keeps benchmark interest rate at 0.1% The Bank of England (BoE) is set to introduce another big stimulus for the US economy Thursday to ease the chaos of the medical malpractice instant recession. The BoE will join its counterparts around […]

US Housing Market Will Be a Leader in Economic Recovery Plus…

US Housing Market Will Be a Leader in Economic Recovery Plus…

$DIA $SPY $QQQ $RUTX $VXX … recently released figures indicate that retail sales in May increased by 17.7%, and that is the biggest monthly gainer ever. This number re-enforces the forecast that a V shaped recovery from the instant recession has begun. This means that as construction reopens we seeing the positives. Housing starts rose […]

Confidence Among US Single-family Homebuilders Up More Than Expected in June…

Confidence Among US Single-family Homebuilders Up More Than Expected in June…

…signaling that the worst of the economic downturn is over as the country reopens after C-19 coronavirus chaos lockdowns. The National Association of Home Builders/Wells Fargo Housing Market Index rose 7 pts to 37 in May after a record fall in April. June’s increase was the biggest on record for the index and followed a 7-pt uptick in June. […]

C-19 Coronavirus Will NOT Shutdown the US Economy Again

C-19 Coronavirus Will NOT Shutdown the US Economy Again

Monday, the White House National Economic Council Director Larry Kudlow declared that even though there has been an uptick in C-19 coronavirus numbers in several states due to expanded testing, it’s “something that is controllable” and The Trump Administration does not intend to close down the economy.  “I have been in touch with our health […]

The C-19 coronavirus Will Not Shutdown the US Economy Again

The C-19 coronavirus Will Not Shutdown the US Economy Again

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 […]

President Trump Hammers Powell, “Fed is Often Wrong”

President Trump Hammers Powell, “Fed is Often Wrong”

$DIA $SPY $QQQ $RUTX $BA $VXX President Trump says the US economy will be back and better than ever next year. Thursday, President Trump hammered the Fed after Fed Chairman Powell offered a grim outlook on the US economy, saying there is a “long road” ahead. “I see the numbers also, and do MUCH better […]

“Politicians Shut Businesses, Not Coronavirus”

“Politicians Shut Businesses, Not Coronavirus”

Wednesday, economist Stephen Moore rebuffed a TV host during an interview chastising him for an assertion that the country’s current ongoing financial slump was caused by the C-19 coronavirus chaos. “I just want to correct you on 1 thing,” Mr. Moore said near the end of a discussion. “You said it was the coronavirus that shut […]

Fed Chairman Powell, “Near-Zero Rates Through 2022, GDP to Hit 5% Next Year”

Fed Chairman Powell, “Near-Zero Rates Through 2022, GDP to Hit 5% Next Year”

$DIA $SPY $QQQ $RUTX $VXX Wednesday, the Trump Fed signaled it will provide years of extraordinary support for an economy clawing back from the C-19 coronavirus chaos. Th FOMC projects a 6.5% decline in GDP this yr and a 9.3% unemployment rate at yr’s end. In the 1st economic projections of the virus quarter, US central […]

President Trump Praised for Fast Aid/Relief Delivery to The People

President Trump Praised for Fast Aid/Relief Delivery to The People

The Congressional Budget Office (CBO) praised The Trump Administration Tuesday for organizing its agencies to deliver medical emergency aid “incredibly quickly,” which helped the country withstand the devastating economic effects of the C-19 coronavirus chaos. CBO director Phillip L. Swagel said Congress moved fast to approve its stimulus bill, while the Treasury Department and the Small Business Administration (SBA) […]

This Market’s Q-1 Downdraft Created Massive Opportunities for Savvy Investors

This Market’s Q-1 Downdraft Created Massive Opportunities for Savvy Investors

$SPY $SPX $DIA $QQQ $RUTX $USO $VXX This V-shaped recovery in stocks illustrates how markets strong this market and how fast it recovered from the medical malpractice recession. For those of us that understood this it set up opportunities for massive gainers over a short frame. It also underlines the need to be nimble, pay […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA $SPY $QQQ $RUTX $IRJ $XLF $VXX Bulls believe in this recovery, drive Bears back, as the market rallies with each sign of economic recovery. Recall the Bears growled alarms about putting faith in the Fed and chasing shares whose valuations swelled to a 20-yr high. Last Week’s Action Friday’s NFPs jobs report says the resilience reflects not […]

“We are Almost ‘Out of the Woods'”

“We are Almost ‘Out of the Woods

Last Friday’s NFPs jobs report gave our economy some good news for the 1st time since the C-19 coronavirus chaos shutdowns began, making the American dreams of a “V-shaped” recovery begin to come true, according to a Trump Administration economic adviser. “It was a very, very strong report, and let’s just hope this can continue,” Steven […]

The Next Aid/Relief/Stimulus Legislation to Include Long-Term Economic Fixes

The Next Aid/Relief/Stimulus Legislation to Include Long-Term Economic Fixes

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, […]

Boeing (NYSE:BA) Leads the Broad Market Due North

Boeing (NYSE:BA) Leads the Broad Market Due North

$DIA $SPY $QQQ $RUTX $VXX Wall Street rallied Wednesday with the NAS Comp approaching record highs as signs of an economic recovery from the Medical Malpractice chaos instant recession. Financials, industrials and tech pushed the 3 major US stock indexes well into the Green. The S&P 500 and the NAS Comp each posted their 4th day […]

President Trump Does Not Doubt that the US Economy Will Be Surging in Q’s 3 and 4

President Trump Does Not Doubt that the US Economy Will Be Surging in Q’s 3 and 4

The silver lining following the C-19 coronavirus chaos is that there is nowhere to go but up for the US economy. President Trump and the economists aligned with his Administration, who expect the easing of economic restrictions to unleash pent-up demand. “I think the 3rd quarter is going to be a huge growth quarter, we […]

“The US Economy Starting to Come Out of the Hole”

“The US Economy Starting to Come Out of the Hole”

$BAC Bank of America (NYSE:BAC) CEO Brian Moynihan says he thinks the US economy is beginning to recover from shutdowns tied to the C-19 coronavirus chaos. Mr. Moynihan cited consumer spending figures from the millions of households using his lender’s credit and debit cards: While transactions collapsed by about 30% in April, it was down […]

Fed’s Report says Recovery will not be Fast

Fed’s Report says Recovery will not be Fast

The Fed’s Beige Book report took the temperature of business activity across its 12 US districts shedding light on the depth of the economic pain generated by The China Virus, which led to an instant and unprecedented downturn. The Fed’s survey, known as the “Beige Book,” was completed in April, when non-essential businesses were shut down in […]

“Fast Economic Recovery in Sight”

“Fast Economic Recovery in Sight”

$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 […]

Get rid of Dr. Fauci, Get rid of Dr. Birx, They Conspired to Tank the US Economy.. .

Get rid of Dr. Fauci, Get rid of Dr. Birx, They Conspired to Tank the US Economy.. .

When the US went under lockdown due to the C-19 coronavirus chaos, it tanked the country’s economy to protect only 5% of the population, David Stockman, said in a TV interview “We are in a bad economic decline caused by government, caused by the quarantine orders, caused by this insane idea that to protect 5% of […]

President Trump and Republican Leaders, ‘Reopen Our Economy Prefered Over More Stimulus’

President Trump and Republican Leaders, ‘Reopen Our Economy Prefered Over More Stimulus’

$DIA $SPY $QQQ $RUTX $VXX Tuesday, President Trump and Republican congressional leaders are counting on state lockdowns lifting to propel an economic rebound that will ease pressure for another round of stimulus. “There is only one way out of this dilemma: America has to grow again, to open up again and I am pleased that […]

Commentary: Paul Ebeling on Wall Street, the Fed’s Fast Actions

Commentary: Paul Ebeling on Wall Street, the Fed’s Fast Actions

$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 […]

As Uncertainty Fades, Confidence Grows…Overcome Fear

As Uncertainty Fades, Confidence Grows…Overcome Fear

Uncertainty about the continuing spread of the C-19 coronavirus makes people fear for their lives and their livelihoods. Uncertainty about their livelihoods makes them cautious about spending. And under high uncertainty, business leaders find it impossible to make reliable plans for investment. This uncertainty is toxic for our economic recovery. The objective now must be […]

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