$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 […]
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 […]
$DIA $SPY $QQQ $RUTX Negative interest rates in the US were once taboo. The C-19 coronavirus chaos changed that, and has forced investors to give serious thought to the implications of such a drastic policy shift. Rate options, which gauge monetary policy expectations, Monday implied a 23% probability that the Key federal funds rate will […]
$DIA $SPY $QQQ $RUTX $VXX For years, the high-yield saving products were a success for both consumers and financial institutions alike. After getting almost Zero interest from big US banks, individuals who parked their excess cash with the likes of Ally Financial Inc., Barclays Plc, Goldman Sachs Group Inc.’s consumer bank, Marcus, or HSBC Holdings Plc’s HSBC Direct […]
$DIA $SPY $QQQ Some Wall Street heavyweights who President Trump dubbed ‘rich guys’ last week may sound alarmed about stocks, but some of the world’s biggest investors are holding on or boosting their holdings. Money managers and strategists at Capital Group, Franklin Templeton and BlackRock Inc., which together oversee about $8.8-T, say stocks remain attractive […]
$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 Monday, US stock index futures edge higher Monday evening following a sharp rally in the broad market. Markets were bolstered after Fed Chairman Powell said Sunday night that he saw a path, toward an economic recovery from the C-19 coronavirus chaos in 2-H of Y 2020 and emphasized that he […]
$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 […]
$DIA $SPY $QQQ $RUTX $VXX Wednesday, President Trump said he strongly believes the Fed should have negative interest rates, but gave a modicum of approval to Fed Chairman Powell who said earlier in the day the FOMC would not lower rates beyond Zero. President Trump said Mr. Powell, who he frequently criticizes, has improved in […]
Tuesday, President Trump said the US should receive the “gift” of negative interest rates, after 3 Fed officials signaled the central bank is not keen on idea. President Trump has expressed his desire for the US to pay negative interest on its debt. “As long as other countries are receiving the benefits of Negative Rates, […]
$DIA $SPY $QQQ $RUTX $VXX US households expect the stock market to go higher in the next 12 months, as their own finances slide, according to a Federal Reserve Bank of New York poll. Americans saw better than 50-50 odds of higher stock prices over the next yr for the 1st time since data collection […]
President Trump support negative rates. Recall he has said, “Fed should cut rates to ‘Zero or less.’” Forward-looking indicators are seeing the possibility of negative interest rates by the end of this year or the beginning of next year. This is happening despite repeated statements by Fed officials that negative rates are unlikely and undesirable. […]
Thursday, markets began pricing in a negative US interest rate environment for the 1st time, a place the Fed is determined not to go, as investors struggled with the economic consequences of the C-19 coronavirus chaos. Fed officials including Chairman Powell say that they do not see negative rates as appropriate for the US. But […]
$GLD $XAU $USD The US once was on a gold standard. This meant people could exchange their Bucks for a fixed amount of gold. The US moved away from a strict gold standard in the 1930’s, and President Nixon abandoned it altogether in Y 1971. Since then, the USD has been a “fiat currency.” Meaning […]
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 […]
The Fed is mulling new program for nonprofits. The Fed Thursday said it was making some adjustments to its planned $600-B “Main Street” lending program based on public comments and said it is mulling a separate approach to meet the” unique needs” of non-profit organizations. In a statement, the Fed said 1 adjustment would allow firms […]
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 […]
$XAU $GLD $XAG $SLV $USD Gold slipped for a 3rd day running as countries moves toward easing stay at home restrictions and reopening economies lessened desires for safe-haven assets. Spain announced loosening measures after Tuesday’s weekly cabinet meeting. France’s PM to present the blueprint for opening up to the National Assembly. Several US states have […]
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 […]
…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 […]
US Senate Republican leader Mitch McConnell (KY) Monday predicted that Congress would approve further funding for states and cities whose budgets have been hit hard by the coronavirus chaos. “There probably will be another state and local funding bill but we need to make sure that we achieve something that will go beyond simply sending […]
$DIA $SPY $QQQ $RUTX $VXX The stock market is blocking bad news now and is saying the “worst is behind us“ It is the Key rationalization for the expansion, expansion to the point where the S&P 500 is trading today at a higher P/E multiple based on forward 12-month earnings 19.7X than it was trading […]
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. […]
$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 […]
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 […]
$XAU $GLD $BAC $USD Bank of America Corp. (NYSE:BAC) raised its 18-month gold-price target to 3,000 oz more than 50% above the existing price record in a report titled “The Fed Cannot Print Gold.” The bank increased its target from 2,000 previously, as policy makers across the globe open huge amounts of fiscal and monetary […]
$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 […]
$XAU $GLD $XAG $SLV Gold extended its rally to mark it highest level in almost 8 yrs on concern that the health crisis will have a deep and lasting effect on the global economy, thus boosting demand for the safe-haven. Futures in New York moved close to 1,800 oz, a mark last seen in Y […]
$XAU $GLD Gold extended its strong rally to hit the highest mark in more than 7 years on concern that this health crisis will have a devastating effect on the global economy, hammering corporate earnings while driving demand for safe-havens. COMEX futures in New York moved closer to 1,800 oz, the mark last seen in […]
$DIA $SPY $QQQ $RUTX $VXX Despite millions of jobless claims, despite most of the country being sequestered at home, despite a falling in GDP, and despite the scare and fear brought on by the coronavirus the major US market stock indexes have recovered 50% of their losses in just the last 2 wks. At the […]
The virus outbreak has stabilized across the US, according to the head of the Centers for Disease Control and Prevention (CDC). Parts of the US may be ready to ease emergency measures in May, said Dr. Tony ‘Doom’ Fauci, director of the National Institute of Allergy and Infectious Diseases. UK Prime Minister Boris Johnson praised doctors for saving his […]
$XAU $GLD Gold markets broke above the Key 1700 psych mark last week, and then on Top of that closed at the Top of the range on the week. But, there is a lack of volume which is interesting considering that we are seeing the same thing in the stock markets. So, we will get a […]
$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 […]
$USD Last time I looked, USD was on pace for a weekly loss Friday as the Fed’s massive new Big Bang lending program for small companies and sa slowdown in coronavirus infections reduced safe-haven demand. The GBP pulled ahead against the dollar and the euro as markets breathed a sigh of relief after British PM […]
$DIA $SPY $QQQ $RUTX $VXX The US stock market will be closed Friday for Good Friday. Thursday, Wall Street closed out its best week in 45 yrs on after the Trump Fed launched its ‘Big Bang’ effort to support the economy through the coronavirus crisis. The S&P 500 index posted it best weekly gainer since […]
$DIA $SPY $QQQ $RUTX $VXX Treasury Secretary Steven Mnuchin went on national TV Wednesday morning to assure markets that the federal government’s stimulus package is being rolled out smoothly amid the economic distress caused by measures to slow the spread of the coronavirus. The US stock market rallied Wednesday, confirming the technical buy signals seen […]
President Trump continues to want to reopen the nation’s economy as soon as possible, and is working “hand-in-glove” with the private sector to make that happen, National Economic Council Director Larry Kudlow said Tuesday. “This is not a total government-run operation,” Mr. Kudlow said on TV. “We are cooperating with the private sector. They are […]
The Fed and the Treasury to buy debt issued by banks that lend through a $349-B government program designed to help small businesses impacted by the coronavirus. The Small Business Administration (SBA) Friday processed more than 28,000 loans through 1,200 local lenders worth $5.4-B. Now, those lenders that originated the loans will see the government […]
$DIA $SPY $QQQ $RUTX $VXX $MS $EV Commentators from Morgan Stanley (NYSE:MS) to Eaton Vance (NYSE:EV) are encouraged by a combination of unprecedented government and central bank stimulus efforts, declining volatility and the Key: Signs that the coronavirus pandemic is peaking in parts of Europe. “There is light at the end of the tunnel but it’s still […]
Sunday, St. Louis Fed President said the $2.2-T economic relief bill approved by Congress was appropriately sized and that a further relief effort may not be needed if support efforts are well executed. “I felt like this one was well-sized for the situation,” St. Louis Federal Reserve Bank President James Bullard said on TV when asked if […]
The Fed is ready to do more to help US economy that has has come to a halt as businesses shutter and people stay home to slow the coronavirus pandemic, San Francisco Fed President Mary Daly said Tuesday. “The Federal Reserve is prepared to do whatever it takes within our powers to ensure that we […]
$DIA $SPY $QQQ $RUTX $VXX America is at War President Trump is commanding and the nation’s governors, mayors and industry leaders are acting in concert to mobilization efforts for the major conflict. As with all major Wars, this will change how Americans think, engage with the world, and behave. Since WWII, Western leaders have embraced globalization, governed by rules for equitable competition, […]
$DIA $SPY $QQQ $RUTX $OIL $USO $VXX DJIA Jumps 700 as Crude Oil Falls Below $20 to 18-Yr Lows US stocks rose Monday as investors look for shares that have become cheap and can withstand the impact to the economy from efforts to stem the spread of the coronavirus. The S&P healthcare sector jumped 4.67% on the […]
$XAU $GLD $USD Volatile stock markets and the outbreak of the coronavirus helped drive holdings in gold-backed ETFs to record highs in Y 2020. The buying is a clear indication of the prominent role of gold ETFs in investors’ portfolios, especially during periods of uncertainty and panic. Gold-backed ETFs saw $4.9-B of inflows in February, […]
$ICE $USD $BAC $WFC This week Fed Chairman Powell set out to offer a explanation for the complicated steps he is taking to relieve dire stresses in the global financial system. “Many places in the capital markets, which support borrowing by households and businesses. I am talking about mortgages and car loans and things like […]
“We were strong before we went into the health crisis, we will be strong when we come out of it,” said Dallas Fed President Robert Kaplan 2 Fed regional bank Presidents expressed confidence the US economy can rebound strongly after coronavirus restrictions on consumers and businesses are lifted. “This is a public health crisis” and […]
$DIA $SPY $QQQ $RUTX $BLK $CS $JPM Stocks extended their rally after the Senate and Fed took unprecedented measures to protect the US economy from the coronavirus shock, with Black Rock (NYSE:BLK), Credit Swiss (NYSE:CS) and other big Wall Street banks said Thursday night that the major US stock market indexes marked at an inflection […]
$DIA $SPY $QQQ $RUTX $VXX Economist Mohamed El-Erian sees opportunities for investors who can manage risk during this coronavirus induced stock market dive. “Those people who entered this defensively and have a massive appetite for volatility, there is starting to be real pockets of value,” Mr. El-Erian told reporters. “For most investors, I think you […]
$XAU $GLD $XAG $SLV $PLAT $USD Gold prices fell Monday as investors stockpile cash, with a rising numbers of coronavirus-led national lockdowns threatening to overshadow stimulus measures from global central banks to combat the economic damage. Spot gold edged down 0.2% to 1,494.63 oz by 0320 GMT, after rising as much as 3.1% in the […]
As the coronavirus sequesters millions of Americans and shuts down the US economy, it should be thought of as an investment in public health that lays the groundwork for a rapid rebound. That is the view of St. Louis Federal Reserve President James Bullard, who argues that a potential $2.5-T hit coming to the economy […]
Wednesday night the Fed rolled out its 3rd emergency credit program in 2 days, announcing it would make loans to banks that offer as collateral assets purchased from money market mutual funds. The new facility through the Boston Federal Reserve bank will offer “support for the flow of credit to households and businesses” by ensuring […]
$SPY The stock market liked what it heard out of Washington, DC, but expect the volatility to continue till it puts in the bottom. Tuesday, The Trump Administration vowed to deliver a massive financial package designed to help both businesses and individual Americans to weather the crisis. The Fed also stepped in to support the […]
Tuesday, Treasury Secretary Steven Mnuchin said he approved the creation of a new primary dealer credit facility to ease credit market disruptions caused by the coronavirus epidemic, resurrecting the 2nd Y 2008 financial crisis-era backstop in less than a day. The facility, managed by the Federal Reserve Bank of New York, will offer loans up […]
$DIA $SPY $QQQ $RUTX Treasury Secretary Steven Mnuchin told Jim Cramer Monday that “there will be a huge amount of pent-up demand” for stocks when the threat of the coronavirus is contained. “There will be a huge amount of pent-up demand when this is done. And it will be done,” he said. “Look for companies that […]
$DIA $SPY $QQQ $RUTX $VXX This health emergency was dismissed at 1st as a fleeting risk to the US economy has turned into a full test of whether 20 yrs of planning, regulation and research has left the financial system resilient to a major shock and the Fed able to mount a rescue. Preparations for an […]
Sunday, the Fed took emergency action to help the economy withstand the coronavirus by slashing its benchmark interest rate to near Zero and saying it would buy $700-B in Treasury and mortgage bonds. The surprise announcement signaled its concern that the viral outbreak will depress economic growth in the coming months and that it is […]
Treasury Secretary Steven Mnuchin said he does not expect the coronavirus tipping the US economy into recession, even though growth will slow. “Later in the year, obviously the economic activity will pick up as we confront this virus,” Secretary Mnuchin said Sunday on national television. Secretary Mnuchin spoke as many businesses in the US and […]
$DIA $SPY $QQQ $RUTX $USD $JPY $VXX Friday, Ultra Long-term US T-Bond futures moved about 1.3 pts a day on average in January, were down more than 7 pts on the day and off 36 pts from Monday’s high. Italian sovereign debt had imploded. An index of costs to insure corporate debt with credit-default swaps […]
President Trump said he has no plans to demote Federal Reserve Chair Jerome Powell but reminded that he has the right to. President Trump spoke at a press conference after a meeting of his coronavirus task force at the White House, revisiting his regular complaints about the Fed. “We hope the Federal Reserve will finally get on […]
$DIA $SPY $QQQ $RUTX The Big Q: What is going on in this Stock Market? The Big A: A confluence of confusion aka lots of unknowns. I have been in the stock market since Y 1981, and like everyone else I know in this game, have not see this kind of action ever. What we […]
$DIA $SPY $QQQ $RUTX $VXX US stocks spiked 9%+ as President Trump joined reassured investors that he is stepping up efforts to protect the economy from the coronavirus fallout. All 3 major US stock market indexes rose 9%+, as President Trump declared a national emergency to help combat the virus and said the private sector […]
$XAU $GLD $USD Gold is heading for its biggest weekly decliner since Y 2013, despite climbing to the highest in more than 7 yrs earlier this week, as investors sell the precious Yellow metal to meet liquidity needs. Stocks have been in free fall for 16 sessions on concerns emergency fiscal and monetary packages will not […]
The Big A: We expect the Fed to roll out measures beyond interest rate cuts and bond purchases to ensure financial markets keep operating smoothly and banks have ample liquidity during the coronavirus outbreak. The Fed can innovate! Last week, the Fed delivered an emergency rate cut and is expected to lower them more when […]
$DIA $SPY $QQQ $RUTX $VXX A Bear market is confirmed when an index sinks 20% or more below its most recent closing high. For the 2nd time this week, the S&P 500 triggered a 15-min trading halt after falling by 7.0% shortly after the open following more economic disruptions caused by the coronavirus. Note: New […]
$DIA $SPY $QQQ $RUTX $VXX Investing like a savvy investor during a Bear market often yields better returns, but it means avoiding emotional-driven decisions. The benchmark that Wall Street uses to determine a Bear market is when the stock market takes a 20 – 22% decline. But following the strategies of millionaires or successful hedge funds […]
$DIA $SPY $QQQ $RUTX $VXX Tuesday, Wall Street’s Bulls came back to life rising from the edge of Bear market confirmation as bargain-hunters and notions of government stimulus calmed investors’ fears surrounding the coronavirus and prospects of a recession. All 3 major US stock market indexes spiked nearly 5% the day after they suffered their […]
$GLD $XAU $OIL $USO $USD $MSCI Crude Oil and global equity markets bounced back after the Monday’s losses as the world’s biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors are still cautious. The price of Brent Crude Oil climbed 10% on hopes a […]
In his address from the Oval Office to the American people Wednesday evening President Trump suspended travel from Europe to the United States to fight coronavirus starting Friday, UK exempted. The restrictions are meant to combat the spread of the coronavirus, they do not apply to legal permanent residents of the United States, nor does […]
$XAU $GLD $USD Monday, Gold prices attempted to break out and made their highs during the Asian trading hours. Prices eased lower and ending the session unchanged, after rising 28 oz at their highs. The 10-yr T-Note yield hit a a mark of .49 bpts down another 15-bpts from Friday. Investors have now baked in […]
$DIA $SPY $QQQ $RUTX $USO $VXX WTI Crude Oil settled off 10.23 (-24.8%) to 31.09 bbl for its worst decliner since Y 1991. The last time Crude Oil traded at this mark was in Y 2016. Last Tuesday, the world’s Top financial officials pledged to use “all appropriate policy tools” to protect their economies from […]
$DIA $SPY $QQQ $RUTX $GLD $XAU $USO $VXX Wow, what a week it was, it really was! Technical Analysis: The move Thursday was not encouraging for a continued relief move, much less anything else. The Big Qs: Was it the end of the relief move? Would the jobs report help spring the move higher, given that […]
$GLD $XAU $USO $OIL $SPY $USD Gold broke above 1,700 oz on a into safe- havens intensified, with the upswing driven by turmoil in the Crude Oil market, the spread of the coronavirus, sinking equities, and expectations of easier monetary policy. The precious Yellow metal hit its highest mark since Y 2012 as Brent collapsed, […]
$DIA $SPY $QQQ $RUTX $XAU, $XAG, $CU, $OIL, $USO, $VXX FLASH: The S&P 500 staged a 70-pt rally during the final hr of trade, which led to a significant improvement in final sector standings, though all 11 sectors finished in the Red. The US economy is likely growing at a 3.1% annualized rate in Q-1, […]
$USD $GLD $XAU …the USD will weaken, gold will strengthen, short-term interest rates to Zero. Investment guru Jeffrey Gundlach says that he believes the Fed panicked in cutting interest rates earlier this week. “When I say panicked, it does not mean it is not justified. Sometimes panic is justified,” the Bond King said. The Bond […]
$DIA $SPY $QQQ $RUTX $VXX Investors should ‘buy the dip’ in stocks because government and central bank policies will counter the economic blow of the spreading coronavirus, according to JPMorgan Chase & Co. (NYSE:JPM) strategists who had previously told clients to trim risky bets. The outbreak and its economic implications are “the main source of […]
$DIA $SPY $QQQ $RUTX $VXX A drop in interest rates in response to the Fed’s rate cut is adding urgency to a hiring spree across the mortgage industry. Executives at of the nation’s 15 biggest mortgage lenders, already gearing up for a busy Y 2020, anticipate hiring thousands of employees this year to keep up […]
$XAU $GLD $XAG $SLV $USD Gold spiked Tuesday, rising 49, at 1,638 oz. There will be more gains as more investors view the precious Yellow metal as insurance against financial market instability at a time of ultra-low interest rates. Gold got a lift from the Fed’s anticipated move Tuesday to cut its Key short-term rate […]
$XAU $XAG $GLV $SLV $USD Gold futures rebounded Monday, tacking on nearly 2% after suffering the sharpest drop since Y 2013 in the previous session, finding support as central banks promise to act appropriately to mitigate the effect of a viral outbreak that is expected to hurt global economies and supply chains. Bank of Japan […]
$DIA $SPY $QQQ $RUTX $VXX DJIA +1293.96 at 26703.29, NAS Comp +384.80 at 8952.17, S&P 500 +136.01 at 3090.23 The major averages spiked Monday with the S&P 500 recording its 1st gainer since 19 February. The US economy is likely growing at a 2.7% annualized rate in Q-1, based on the latest economic data, the Atlanta Federal Reserve’s GDPNow forecast model showed Monday. […]
$DIA $SPY $QQQ $RUTX $VXX Last week Late Friday, the stock market put up a fight, on the close it was the worst week for equities since late Y 2008, as the S&P 500 (-0.8%) gave back 11.5% since the prior Friday, recording its 7th day running of losses, falling to its lowest level since […]
$GLD $XAU Friday, April COMEX gold settled at 1566.70, down 75.80 or -4.61%. The move was driven by professional and hedge funds selling as the 2 major players sought to raise cash to meet margin calls and to offset tremendous losses in the stock market. The gold market posted its biggest weekly decliner since November. Despite the […]
$DIA $SPY $QQQ $RUTX $VXX Friday, Fed Chairman Powell said he will “act as appropriate” to support the economy in the face of risks posed by the coronavirus outbreak, though he said the economy remains in solid condition. “The fundamentals of the US economy remain strong,” Chairman Powell said in a statement released amid an ongoing […]
$DIA $SPY $QQQ $RUTX $VXX The US economy grew moderately in Q-4, the government confirmed, and may be facing a rocky road in early Y 2020 on the notion that coronavirus will hobble it, and bring on a recession. The economy grew by an unrevised 2.3% in Y 2019, the slowest annual growth in 3 […]
$DIA $SPY $QQQ $RUTX FLASH: On Christmas Day 2018, President Trump called the bottom of a 3-month sell-off in US stocks “Stock Market starting to look very good to me!” President Trump Tweeted after the Monday close on Wall Street, echoing his sentiments 14 months ago when he told reporters at the White House there was […]
$DIA $SPY $QQQ $RUTX $VXX FLASH: Conservative radio host Rush Limbaugh said the coronavirus is being weaponized to bring down President Trump. US economy will be able to ride out any disruption from the global spread of coronavirus, plus not anticipating the Fed to cut interest rates to blunt the virus’ economic impact, that according […]
$GLD $XAU $USD Gold futures spiked Monday to their highest finish since February 2013, as the spread of COVID-19 to Italy and other parts of the world brought about more nervousness into the markets, lifting demand for safe-havens assets including gold. The precious Yellow metal has become a more widely desired currency again, it is […]
$USD Monday, Financial markets upped bets that the Fed will be pressed to cut interest rates to cushion a feared hit to economic growth from the spread of the coronavirus. US interest rates futures rose to their highest marks since last Fall as evidence the virus was spreading further outside its original epicenter of China […]
$XAU $XAG $GLD $SLV $DJIA $USD The week closed with the Dow Jones down almost 2% from its last all-time high. Realize the bulls are only happy when the object of their affection is making new all-time highs, something the DJIA failed to do this week. So with the Dow Jones down 1.89% from its […]
$DIA $SPY $QQQ $RUTX $VXX FLASH: The notion that Mr. Hussein Obama is responsible for today’s good economy is Bunk!. The US robust economy is the best it has been in more than 10 years, it is due entirely to President Trump’s policies which include shedding the former president’s policies. Fact: Had Mr. Hussein Obama […]
$DIA $SPY $QQQ $RUTX $VXX DJIA +115.84 at 29347.94, NAS Comp +84.44 at 9817.21, S&P 500+15.86 at 3386.15 Wednesday, the S&P 500 (+0.5%) and NAS Comp (+0.9%) closed at fresh record highs, as investors remained optimistic about the global economic outlook despite the coronavirus. The DJIA increased 0.4%, and the RUTX increased 0.5%. Stocks held gains following the release of minutes from the FOMC’s […]
$XAU $GLD By Mark J. Lundeen The Dow Jones is hugging its BEV Zero (0.00%) line in its BEV chart below, making a new all-time high on Wednesday, then closing the week a half point from this mid-week high. I expect more of the same for as far as the eye can see. And how […]
$DIA $SPY $QQQ $RUTX $VXX Wednesday, Wall Street closed at record highs as news that the coronavirus outbreak could be running out of steam kept buyers buyers. Tech shares led the broad-based rally, which pushed all 3 major US stock indexes to fresh highs. The S&P 500 and the NAS Comp have now set closing […]
$DIA $SPY $QQQ $RUTX $VXX Tuesday, the Fed Chairman Powell told Congress that the US economy is in a good place. With risks like trade policy uncertainty receding and global growth stabilizing, “we find the US economy in a very good place, performing well,” Chairman Powell told the House of Representatives Financial Services Committee. The US economic expansion, now […]
On average, Americans have seen a 17% jump in household wealth since President Trump’s election, while wealth at the bottom half has increased 54%. “This is a blue collar boom,” President Trump said Tuesday night in the SOTU address to Congress, but there is a Baby Boomer ‘Boom’ Too Generationally, households with a head born […]
$DIA $SPY $QQQ $RUTX $VXX Friday, White House adviser Larry Kudlow said the “blowout” jobs report was just the cherry on top of a very strong economic start to this New Year. Manufacturing, job growth and the stock market all boosted the economy in January, he said. “I think we’re in very strong territory right […]
DoubleLine CEO Jeffrey Gundlach said on Twitter Friday he now sees a 90% chance for a Fed rate cut this year. “It took less than 2 days for the bond market to nullify the Fed’s “we’re firmly on hold” message this week,” Mr. Gundlach wrote. It took less than 2 days for the bond market […]
$XAU $GLD Gold prices ended higher Wednesday following the Fed’s decision to keep interest rates unchanged. The Fed said that job gains have been solid, but inflation remains below the Fed’s 2% objective. The Fed said that household spending is rising at a moderate rate. The Fed will continue to assess the appropriate path of […]
$DIA, $SPY, $QQQ, $RUTX , $VXX The Fed held interest rates steady Wednesday at its first policy meeting of the year, the head of the central bank pointed to continued moderate economic growth and a “strong” job market, and giving no sign of any imminent changes in borrowing costs. “We believe the current stance of […]