“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 […]

Investors Imagine Negative US Interest Rates

Investors Imagine Negative US Interest Rates

$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 […]

Goodbye to High-yield Savings Accounts

Goodbye to High-yield Savings Accounts

$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 […]

Mutual Fund Giants Unfazed by “Rich Guys” Warning on Stocks

Mutual Fund Giants Unfazed by “Rich Guys” Warning on Stocks

$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 […]

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 […]

US Stock Indexes Gap Up and Hold, Futures Following On

US Stock Indexes Gap Up and Hold, Futures Following On

$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 […]

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 […]

President Trump, “I strongly believe in negative interest rates, and Powell has improved.”

President Trump, “I strongly believe in negative interest rates, and Powell has improved.”

$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 […]

Fed Poll: Americans See Stocks Higher, Consumer Spending Lower

Fed Poll: Americans See Stocks Higher, Consumer Spending Lower

$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 […]

The Market is Calling for Negative Interest Rates, They Will Come…

The Market is Calling for Negative Interest Rates, They Will Come…

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. […]

There Once Was the Gold Standard, Now it is Infinite Quantitative Easing

There Once Was the Gold Standard, Now it is Infinite Quantitative Easing

$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 […]

Be Confident, America’s Jobs Will Rebound

Be Confident, America’s Jobs Will Rebound

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 […]

US Economy Seen Recovering in 2-H of this Year

US Economy Seen Recovering in 2-H of this Year

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 […]

Fed says, $2.3 trillion in aid might not be enough, is mulling a new plan for non-profits

Fed says, $2.3 trillion in aid might not be enough, is mulling a new plan for non-profits

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 […]

Fed Stands Pat on Fed Funds Rates, Laments “Heartbreaking” Damage to America (Video)

Fed Stands Pat on Fed Funds Rates, Laments “Heartbreaking” Damage to America (Video)

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 […]

Gold Futures Off Ahead of FOMC Rate Decision

Gold Futures Off Ahead of FOMC Rate Decision

$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 […]

President Trump and GOP Lawmakers’ Powerful Efforts Will Restore the Economy Relatively Fast…

President Trump and GOP Lawmakers’  Powerful Efforts Will Restore the Economy Relatively Fast…

…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 Reconvenes on 4 May, Leader McConnell Foresees Further Aid for States, Cities

US Senate Reconvenes on 4 May, Leader McConnell Foresees Further Aid for States, Cities

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 […]

Today’s US Stock Market says “the Worst is behind us now”

Today’s US Stock Market says “the Worst is behind us now”

$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”

“Unprecedented Situations Require Unprecedented Actions”

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. […]

This is what matters to investors, “Open the Economy Now!”

This is what matters to investors, “Open the Economy Now!”

$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 Fed Cannot Print Gold”, Prices Seen Higher

“The Fed Cannot Print Gold”, Prices Seen Higher

$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 […]

US Companies Hammered by the Governments Coronavirus Lockdown Orders

US Companies Hammered by the Governments Coronavirus Lockdown Orders

$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 […]

Gold’s Rally Seeing 1,800 in Here

Gold’s Rally Seeing 1,800 in Here

$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 […]

Despite a Whole Lot of Awful Happenings, the US is Still Very Strong

Despite a Whole Lot of Awful Happenings, the US is Still Very Strong

$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 […]

Monday’s World Wide Coronavirus Update

Monday’s World Wide Coronavirus Update

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 […]

Commentary: Paul Ebeling on Wall Street, This Bull Market Vs Coronavirus

Commentary: Paul Ebeling on Wall Street, This Bull Market Vs Coronavirus

$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 […]

Fx: USD Pacing for Weekly Loss on Fed ‘Big Bang’ Lending Program, Virus Fear Fading

Fx: USD Pacing for Weekly Loss on Fed ‘Big Bang’ Lending Program, Virus Fear Fading

$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 […]

S&P 500 Marks Best Weekly Gainer Since 1974 on President Trump’s ‘Big Bang’ Fed Lending Program

S&P 500 Marks Best Weekly Gainer Since 1974 on President Trump’s ‘Big Bang’ Fed Lending Program

$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 […]

Today’s Action Confirms Buy Signal for Stocks

Today’s Action Confirms Buy Signal for Stocks

$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 is Working with Private Sector to Reopen America and Kickstart the Economy

President Trump is Working with Private Sector to Reopen America and Kickstart the Economy

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 […]

SBA Virus Lending Program Enhanced by Fed and Treasury

SBA Virus Lending Program Enhanced by Fed and Treasury

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 […]

Market Commentators Turning Bullish, the Futures are Open Reflecting this Optimism

Market Commentators Turning Bullish, the Futures are Open Reflecting this Optimism

$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 […]

Fed’s Bullard, “There is a lot of potential for this relief program to be successful”

Fed’s Bullard, “There is a lot of potential for this relief program to be successful”

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 Coronavirus Will Change America

The Coronavirus Will Change America

$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, […]

US Stocks Up, Crude Oil Down

US Stocks Up, Crude Oil Down

$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 […]

Gold: Conditions Setting Up for the Price to 2X

Gold: Conditions Setting Up for the Price to 2X

$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, […]

President Trump’s Fed has Brought the Global Financial System Back from the Edge

President Trump’s Fed has Brought the Global Financial System Back from the Edge

$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 […]

A Solid Post Virus Crisis Rebound Ahead

A Solid Post Virus Crisis Rebound Ahead

“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 […]

“My work shows that the ‘machine’ selling over the past 4 wks to Monday has peaked”

“My work shows that the ‘machine’ selling over the past 4 wks to Monday has peaked”

$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 […]

If You Can Manage the Risk, the Coronavirus Has Presented Opportunity in this Market

If You Can Manage the Risk, the Coronavirus Has Presented Opportunity in this Market

$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 […]

Gold Sellers Opt for Bucks Due to Coronavirus

Gold Sellers Opt for Bucks Due to Coronavirus

$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 […]

Coronavirus Shutdown is Not a Recession but an Investment in Survival

Coronavirus Shutdown is Not a Recession but an Investment in Survival

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 […]

Fed Moving to Ensure Liquidity in Money Market Mutual Funds

Fed Moving to Ensure Liquidity in Money Market Mutual Funds

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 […]

The US Financial Markets Like What They Hear From Washington, DC

The US Financial Markets Like What They Hear From Washington, DC

$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 […]

US Treasury Approves Revival of Primary Dealer Backup, the Bull in the Background

US Treasury Approves Revival of Primary Dealer Backup, the Bull in the Background

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 […]

“Stocks Will Surge from ‘Pent-Up Demand’ After Coronavirus Outbreak Ends”

“Stocks Will Surge from ‘Pent-Up Demand’ After Coronavirus Outbreak Ends”

$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 […]

The 1st Test of Our Economic Strength is a Man Made Virus

The 1st Test of Our Economic Strength is a Man Made Virus

$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 […]

“Do Not Expect US Recession From Coronavirus”

“Do Not Expect US Recession From Coronavirus”

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 […]

Unprecedented Stresses in US Financial Markets Has Investor Sidelining Trillions in Cash

Unprecedented Stresses in US Financial Markets Has Investor Sidelining Trillions in Cash

$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 Has No Plans to Demote Fed’s Powell, but Knows He Can

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 […]

People are Asking, “What is going on in this Stock Market?”

People are Asking, “What is going on in this Stock Market?”

$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 […]

US Stocks Spike 9%+ on President Trump’s Plan to Bring the Country Together to Fight the Virus

US Stocks Spike 9%+ on President Trump’s Plan to Bring the Country Together to Fight the Virus

$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 […]

Gold Investors Taking Profits

Gold Investors Taking Profits

$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 […]

Bear Market in Stocks Confirmed

Bear Market in Stocks Confirmed

$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 […]

Time to Step Back, Focus on Investing Not Day to Day Speculation, Do Not Sell American Markets Short

Time to Step Back, Focus on Investing Not Day to Day Speculation, Do Not Sell American Markets Short

$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 […]

US Stock Bulls Up and Running

US Stock Bulls Up and Running

$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 […]

Global Markets and Commodities

Global Markets and Commodities

$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 […]

President Trump Calls on the Full Power of the Federal Government to Protect the American People

President Trump Calls on  the Full Power of the Federal Government to Protect the American People

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 […]

Gold Price Consolidates Up Here

Gold Price Consolidates Up Here

$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 […]

The Collapse in Crude Oil Prices Adds to the Market’s Uncertainty, Equities Dive in Concert

The Collapse in Crude Oil Prices Adds to the Market’s Uncertainty, Equities Dive in Concert

$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 […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$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 […]

Gold Breaks Above 1,700 on Safe-haven Demand

Gold Breaks Above 1,700 on Safe-haven Demand

$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, […]

Atlanta Fed Raises GDP Estimate to 3.1% + The World Markets and Commodities Wrap

Atlanta Fed Raises GDP Estimate to 3.1% + The World Markets and Commodities Wrap

$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, […]

Expect Another Fed Rate Cut Soon…

Expect Another Fed Rate Cut Soon…

$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 […]

Market Strategists say: “Drop Cautious Stance, Buy Dip in Stocks”

Market Strategists say: “Drop Cautious Stance, Buy Dip in Stocks”

$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 […]

Home Buyers Like Wall Street Really Like ‘cheap money’

Home Buyers Like Wall Street  Really Like ‘cheap money’

$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 […]

The Gold Rally is Just Getting Started

The Gold Rally is Just Getting Started

$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 […]

Gold and Silver Futures Up Almost 2% Monday

Gold and Silver Futures Up Almost 2% Monday

$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 […]

Atlanta Fed Lifts Q-1 GDP Estimate to 2.7%

Atlanta Fed Lifts Q-1 GDP Estimate to 2.7%

$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. […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$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 […]

Gold Price Technical Outlook

Gold Price Technical Outlook

$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 […]

Fed’s Powell: “Economy Is Fine but Fed Ready to Act as Needed”

Fed’s Powell: “Economy Is Fine but Fed Ready to Act as Needed”

$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 […]

Market Looks Like it is Trading with a Recession in Mind, Though the Economy is Strong

Market Looks Like it is Trading with a Recession in Mind, Though the Economy is Strong

$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 […]

President Trump: “Stocks Looking Very Good to Me as Virus Very Much Under Control”

President Trump: “Stocks Looking Very Good to Me as Virus Very Much Under Control”

$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 […]

“Fed Will Not Make Panic Move and Cut Rates Over Virus”

“Fed Will Not Make Panic Move and Cut Rates Over Virus”

$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 […]

Gold Price +2% Set to Test $1,700 oz

Gold Price +2% Set to Test $1,700 oz

$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 […]

US Economy Roars Because President Trump Shredded Hussein Obama Stagnation Policies

US Economy Roars Because President Trump Shredded  Hussein Obama Stagnation Policies

$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 […]

S&P 500 & NAS Comp Mark Fresh Record Highs

S&P 500 & NAS Comp Mark Fresh Record Highs

$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 […]

Fed Chairman Powell, “There is no reason why the expansion cannot continue”

Fed Chairman Powell,  “There is no reason why the expansion cannot continue”

$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 […]

“Blowout” Jobs Growth Reflects Very Strong Economy

“Blowout” Jobs Growth Reflects Very Strong Economy

$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 […]

Gold Prices Higher Following Fed Rate Decision

Gold Prices Higher Following Fed Rate Decision

$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 […]

Fed Leaves Key Interest Rate Unchanged

Fed Leaves Key Interest Rate Unchanged

$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 […]

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