#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 […]
#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 […]
$KSU $NSC,$UNP The 3 major US railroad stocks got hammered mid-March but reversed and broke out in 2-H of May marking post-virus highs in early June, they have all settled back and a flashing Buy signals for both short and long term investors now. Kansas City Southern (NYSE:KSU) was reiterated as Buy and its price […]
$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 […]
$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. […]
$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 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 […]
The Trump Administration is discussing another stimulus package with lawmakers that could be passed in July, the latest effort to revive the US economy because the C-19 coronavirus chaos. The federal government is likely to pass at least one more fiscal relief package, according to a note early Wednesday from Goldman Sachs. The package is to […]
US home prices defy this economic downturn and are riding out the chaos, supported by record low mortgage rates and limited supply, according to a new poll that showed housing outpacing consumer price rises this year and next. The US housing market, which was at the epicenter of the prior financial crisis that led to […]
The US housing market will be in focus this week. Leading up to the C-19 coronavirus chos, the United States housing market was showing incredible resilience, and even promised to be the strongest year since the Great Recession, as home sales at the beginning of Y 2020 reached the highest mark since Y 2008. The […]
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 […]
$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 […]
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 […]
$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 […]
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 […]
$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 […]
…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. […]
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 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 $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 […]
Wednesday, White House Economic Adviser Larry Kudlow said the US economy marked a turning point after the instant recession due to the C-19 coronavirus chaos about 3 months ago. “The stock market is presaging an upturn in the economy,” he said, citing the current stock market rally and a variety of indicators he said were Green […]
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 […]
$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 […]
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) […]
$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 […]
$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 […]
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 […]
$SPY The US Bureau of Labor Statistics’ jobs report for May was the “biggest positive data shock” in US history. Sunday, in a TV interview Mohamed El-Erian marveled at the Labor Department report of a lower-than-expected 13.3% unemployment rate. “I was very surprised,” he said. “This will go down in history as the biggest positive […]
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, […]
$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 […]
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 White House is weighing a new bonus payment plan for people who go back to work, potentially leading to 20% growth in 2-H of this year, according to President Trump’s economic adviser Larry Kudlow. “The $600, I think that was a mistake – I think that was something of a disincentive,” Mr. Kudlow said […]
$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 […]
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 […]
$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 […]
Most people do not think about this. If you are not careful, anything can kill you, and it will! And the C-19 coronavirus is among the least of them. The CDC just came out with a report that should be earth-shattering to the narrative of the US political class, but it will go on the pile of […]
The Fed has been far more communicative that this C-19 coronavirus chaos will not be the end of the economy as we know it. Chairman Powell’s “whatever it takes” pledge to avoid a depression and to get the economy back to growth again has added fuel to the economy, after having been chided by President […]
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 […]
$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 […]
$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 […]
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 […]
$DIA $SPY $QQQ $RUTX $VXX Former New Jersey Governor Chris Christie (R) called for businesses across the country to reopen with safety measures Friday, saying that the C-19 coronavirus chaos cannot control when parts of the country open. He wrote in a commentary that additional lives will be lost “as a result of reopening our […]
Despite being critical of how long the US remained in lockdown due to the C-19 coronavirus chaos, former Trump Campaign economic adviser Stephen Moore is confident in a Fall recovery. “It will be a slow process,” Mr. Moore said, “but you have got to get going. “I do believe that by the end of the […]
$DIA $SPY $QQQ $RUTX President Trump urged investors to be wary of “rich guys” using their platform to comment negatively about stocks, when they tend to profit from betting against the market. The market has been trading laterly for the last 4.5 wks after coming off its best month in a generation, as optimism about […]
Top White House economic adviser Larry Kudlow predicts a “big reopening” for the economy as the current stage in the battle against the C-19 coronavirus chaos enters the “home stretch.” Adding public safety goes “hand in hand” with economic growth. “I believe we will do both,” Mr. Kudlow said in an interview. “I think the President […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The DJIA is up about 30% from its 23 March low at 18.591.93, the S&P 500 SPX is up about the same per cent from its low at 2,237.40, and the NAS Comp has climbed by 32.5% from its lows of 6,850.67. My work shows the US market will continue rising well […]
$XAU $GLD $VXX $USD The Big Q: How High is Too High for the precious Yellow metal? Q-1 of Y 2020 was positive for gold prices, as the chart below shows. The precious Yellow metal gained 6.2% from 31 December 2019 to 31 March 2020, moving from 1,515 to 1,609 oz. In April, gold rallied to 1,693, increasing […]
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. […]
Those saying we had to sacrifice the economy to save lives have succeeded in only the former, The Wall Street Journal writes in a scathing rebuke of lockdowns at all costs amid the global C-19 coronavirus chaos. “The tradeoff isn’t between lives and livelihoods,” WS-Jeditorial board concluded. “The policy goal has to be to protect both as […]
$DIA $SPY $QQQ $RUTX $VXX In Y 2016, the US economy was continuing its 8 year stagnation. The 2008-2009 Great Recession was over, but the expansion never happened, as the slow recovery was, well slow! Donald J. Trump was elected President and things changed. He brought economic prosperity to America. The Big Q: Can he […]
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 […]
Wall Street rallies, investors focus on recovery and ignoring the bad news. The US economy could start to recover in 2-H of this year after what looks to be the worst recession in decades, growth may be slow and uneven, some Fed policymakers hinted Tuesday. Their soft assessments came as a majority of US states […]
$DIA $SPY $QQQ $RUTX $VXX President Trump’s popular support eroded that of the presumptive Democratic Presidential nominee, Joe Biden as he is struggling for visibility with voters during the C-19 coronavirus chaos, according to a Reuters/Ipsos poll released Tuesday. The opinion poll conducted Monday and Tuesday found 43% of registered voters said they would support […]
$PCG On 29 January 2019, PG&E Corporation Inc. filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Northern District of California. The Democrat Governor objected… Governor Newsom had opposed PG&E’s plan due to its reliance on debt, which he has said could leave it unable to raise the estimated $40-B […]
FLASH: California, New York, New Jersey, and Illinois refuse to reopen, they are seeing their businesses really hurt, many destroyed. America’s C-19 coronavirus chaos shutdowns lasted “way too long” and business probably should have started a couple of wks ago, and as a result, “it is going to be a really hard Summer,” economist Steven […]
$DIA $SPY $QQQ $UTX $VXX Last week’s action President Trump is now Laser focused on Opening Up America The S&P 500 hit the 78% Fibo retracement of the selloff. After a good 3rd leg, the market is ready for a test, how deep a test is the Big Q. We are watching the leaders to […]
The COVID-19 coronavirus looks to be entering the containment phase, as some experts believe. The Big Q: Is this Phase I? Americans are desperate for sensible policymakers with courage to ignore the chaos and rely on the facts. Officials must combine the empirical evidence that we have with fundamental principles of established biology, then open up the […]
Thursday, President Trump said he is anticipating a major rebound in the coming months and a “spectacular” 2021. Some economists are warning of long-term damage because of the coronavirus, President Trump is predicting a strong Q-4 on pent-up demand consumer demand. Related Story: Seeing a Rapid Economic Recovery, and a Return to Business as Usual […]
President Trump: “We risk losing who we are as a nation by completely shutting down the country and the economy.” Pro-Trump group Women for America First will hold “MAGA Mayday” drive-in rallies around the nation Friday to protest stay-at-home orders and push back against “state government tyrants.” “This will be a ‘drive-in’ rally for freedom. […]
Wednesday afternoon, Federal Chairman Powell said the coronavirus has brought the economy to an “abrupt halt” and it was uncertain how long the slowdown would last, as officials held interest rates near Zero, and pledged to keep them there until the nation was back on track. “Economic activity will likely drop at an unprecedented rate […]
$DIA $SPY $QQQ $RUTX $VXX President Trump will travel to Arizona next week, his 1st trip since 28 March as the coronavirus chaos ramped up in the United States. “I think I’m going to Arizona next week, and we look forward to that,” he told reporters Wednesday during a Q&A session with industry leaders on reopening the […]
The COVID-19 coronavirus lockdown is having a huge impact on the US economy, but on the reopening it is very likely that we will see a strong comeback. “The 2nd quarter is pretty awful,” former Fed Chairman Alan Greenspan said Tuesday in a TV interview. “But if the issue of the virus works its way as […]
What does a post-COVID-19 economy look like? Based on the response we have seen to the crisis so far, some things are already becoming clear. The number of new COVID-19 infections seems to have peaked globally. While testing is quite uneven, this does offer the prospect the apex of the crisis is passing. More attention must be given to the nature […]
…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 […]
$DIA $SPY $QQQ $RUTX $USO $VXX Investors are pinning their hopes for the reopening of the US economy on the potential for wider availability of testing for COVID-19 cases and on drug trials for treatments of the disease. We have been letting doctors, who have shown the same propensity for predicting this virus as weathermen […]
$CB $TVR In any case this emergency health chaos will trigger the largest single loss in insurance history. UBS estimates industry insured losses for non-US business interruption total $7 to 22-B. In the US, monthly small business losses are seen at between so far at $431, according to the American Property Casualty Insurance Association, rendering […]
Friday, Labor Secretary Eugene Scalia said he is “optimistic” that the United States can recover from the current economic situation faster than in the past fundamental downturns. “Unemployment numbers are very high, much higher than we’ve seen in years past, but it is from a different cause,” Secretary Scalia said in a TV interview. “It […]
Unprecedented situations require unprecedented actions. That’s why the Fed should fight a rapidly deepening recession by taking interest rates below Zero for the 1st time ever. When the FOMC holds its regular policy-making meeting next week, all the warning lights will be flashing Red. The unemployment rate is expected to reach 2X digits by June. […]
In McKinsey’s latest survey global executives report a gloomier outlook than a month ago, 67% expect a sizable contraction in the world economy, and a most predict declining company profits. The COVID-19 chaos spread quickly across and within geographies, and now executives share growing concerns about its economic impact and, varying by region, dramatic shifts in […]
Understand this, being scared and afraid are 2 different things. A scare is temporary, allowing it to morph into fear is paralyzing. The Key is not get afraid: choose to look forward, keep going and focusing on things you can do to make your present situation better is the answer. The COVID-19 Coronavirus The Big […]
From Tennessee, Texas to Ohio and Montana, states around the country have announced plans to reopen over the next 2 wks. Their plans have drawn criticism from health experts who warn that a premature easing of stay-at-home guidelines could trigger a rise in coronavirus cases. Georgia Republican Governor Brian Kemp has cleared the way for gyms, […]
$DIA $SPY $QQQ $RUTX $VXX More than 90% of our country “is not in harm’s way, the virus lockdown flat-out fraud on a massive scale,” said David Stockman, President Ronald Reagan’s former Director of Office of Management and Budget China Virus trading will go down in history for its high velocity. We have witnessed the […]
$EUR $USD The EUR fell to its lowest in a month Thursday after data showed economic activity in the Eurozone virtually halted by government-imposed lockdowns to stop the coronavirus chaos. The EUR was last at $1.07795, with investors awaiting the result of a meeting of EU leaders on the bloc’s response to the economic turmoil […]
IHS has just released its widely followed Markit Flash Eurozone PMI, the numbers are unbelievably bad. The eurozone economy suffered the steepest falls in business activity and employment ever recorded during April as a result of measures taken to contain the coronavirus outbreak, according to provisional PMI survey data. The Flash Eurozone PMI Composite Output […]
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 […]
“When a government official can determine how essential one’s livelihood is, everyone is vulnerable.”–Amanda Snell Afew months ago it may have been difficult to imagine a world where going to work, operating a sit-down restaurant, or engaging in business with consenting individuals was punishable by law. Where going to the gym or getting a haircut was not newsworthy or […]
$CVX $SLB An analysts that I cover said today’s price move feels like Crude Oil is passing a kidney stone, a very painful move that will not last for long, since producers are switching off, and capping secondary production wells fast. Today, the world may need just 75-M BPD to keep the economy running. By […]
$APPL $AMZN $MSFT Companies have moved in and out of the $1-T market cap club since Apple Inc. (NASDAQ:AAPL) created it in August 2018. Despite the stock market’s recent waterfall and come back, 3 companies have shares that trade so that their values are above the $1-T mark: Apple, Amazon and Microsoft. It is easy […]
…now I will let you know how they are doing and why. Further, here my discussion on the future, “Beyond the Virus: Refocusing on Essential Industries and Businesses” have a look. $VNDA, $ACLS, $RDNT, $CNO, $PGNX, $PRDO, $CLF, $UCTT, $CF, $MOV If this uncertainty and volatility have you prudently sidelined in cash, know that all things […]
Demonstrations to demand an end to stay-at-home measures that have hammered the US economy spread to Texas and California Saturday as the Governor at the epicentre of the US coronavirus crisis said his state of New York may be past the peak. In New Jersey, both the number of new hospitalizations and new coronavirus cases […]
…it is a Power, Profit, Control Pandemic. The economic collapse is a result of precisely engineered governmental policies though those policies appear to be in the public’s best interest. COVID-19 meets the technical definition of a pandemic, and the World Health Organization (WHO) declare it so. However, the death toll is nowhere near that of real […]
$TEVA “The coronavirus was an unexpected gift to blow the best financial record ever by this President, sure and it is sad many folks died, but they also die with the flu…” –R. Charles Murray Top Israeli Professor Claims Simple Stats Show Virus Plays Itself Out after 70 DaysProfessor Yitzhak Ben Israel of Tel Aviv […]
$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 […]
$SPY Investors understand the current market chaos was not presaged by fundamental economic issues, like the US mortgage crisis in the recession of Y 2008. But the uncertainty that is being cast about what turns the coronavirus might take, and the implications that could have for the economy and markets, have left the moneyed class […]
Do not be fooled by the latest attack by Speaker Pelosi & Company on President Trump. The truth is Democrats are exploiting this public health crisis in a desperate attempt to damage the President before the November election. As the coronavirus assault on the US appears to be peaking, Democrats are ramping up efforts to […]
$DIA $SPY $QQQ $RUTX $VXX To date a record 22-M Americans have filed for unemployment benefits over the past month, with millions more filing claims last week, thus wiping out all the job gains since the Great Recession and underscoring the toll on the economy from extraordinary measures to control the COVID-19 coronavirus outbreak. The […]
$DIA $SPY $QQQ $RUTX $VXX US companies have been hammered by the fallout from the novel coronavirus outbreak as economic activity “contracted sharply and abruptly across all regions,” according to the Fed’s Beige Book released Wednesday. The Fed’s latest check of businesses around the country was completed during March when the US went from worrying about […]
The White House coronavirus task force reported positive news on declining rates of new coronavirus cases around the country, as President Trump spoke of increasing testing capacity on the eve of his announcement of guidelines to begin reopening the US economy. “The battle continues, but the data suggests that nationwide we have passed the peak […]
$SPY $SPX The markets move from speculators to investors. There is budding optimistic investor sentiment as numerous countries have taken steps to lessen lockdown restrictions and many of the most gravely impacted countries see the flattening of their infection curves and allow non-essential workers to go back to work Now, we are seeing more and […]
President Trump has declared his latest “Me Vs Them” war portraying himself as the Commander in Chief overseeing a hand full of insurgent Democrat governors. In the United States there may be a dust-up emerging between President Trump and some state governors from the East and the West coasts, who Monday banded together in 2 […]
$DIA $SPY $QQQ $RUTX $VXX President Trump is planning “very important announcements” in the next day or 2 about reopening the US economy and is considering a “rolling” re-entry in certain parts of the country, White House economic adviser Larry Kudlow said Tuesday. “I do not want to front-run his views, I don’t want to […]
With the economy rapidly unraveling and nearly 17-M Americans having filed for unemployment The Trump Administration is pushing to reopen the country by 1 May. Monday, Treasury Secretary Mnuchin said he and his team have selected 100 business leaders to join a Special Task Force dedicated to re-opening the economy after the coronavirus crisis passes. […]
$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 […]
$DIA $SPY $QQQ $RUTX $VXX Just In: Goldman Says US Stocks Have Likely Bottomed Unprecedented policy support and a flattening viral curve have “dramatically” cut risks, the bank said early Monday in a note. Despite the COVID-19 coronavirus, ‘new’ Bull market can run Last week was a shortened week, here is how it played US […]
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 […]
America will never be able to test everyone for the coronavirus before opening up the US economy again, and it will not be necessary to do so, President Trump said Thursday. The task force is planning to have the US ramp up its already world-class testing reach to underreported areas, including hard-hit minority communities that might […]
America’s registered voters are more concerned about the US economy going into a recession than themselves contracting the coronavirus, according to the latest Fox News poll. The concern of a US recession beats personally catching the virus by 12%, including 23% among those very concerned. On the Big Question of being concerned about the US entering […]
Worry about the Key personal and family stuff you can work on, but never worry about the stuff you can do nothing about. The coronavirus war and the economy let up to President Trump and his expert White House task force. When we are beyond the short term effects of the made to order medical […]
The coronavirus pandemic has thrown the American economy into a deep contraction and sent unemployment soaring, but Americans approve of President Trump’s handling of the health crisis. Approval of President Trump’s handling of the economy rose to 52%, the highest mark of his Presidency, CNBC’s “All America” survey showed Wednesday. That is up from 49% in December. […]
President Trump is hinting at a 2nd task force responsible for getting Americans back to work. This task force should prepare the country to reopen, with new tools to fight the virus. Remember, President Trump said he wants the country “opened up and just raring to go by Easter” and his team is making preparations […]