Fed Stays the “Whatever it Takes” Course

Fed Stays the “Whatever it Takes” Course

#Fed #interestrates #stimulus #economy #virus $DIA $SPY $QQQ $RUTX $VXX The Fed kept its dovish monetary policy intact Thursday and pledged again to do whatever it takes in coming months to sustain a US economic recovery threatened by a spreading virus chaos. The policy statement released after the US central bank’s latest two-day meeting did not mention […]

US Job Growth Tops Forecast

US Job Growth Tops Forecast

FLASH: President Trump, “The Economy Would Be ‘Rocket Ship’ If Fed Cut Rates” US job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Fed to cut interest rates this month. The Labor Department’s closely watched employment report on […]

Recession Indicator Triggered on Unemployment Up Tick

Recession Indicator Triggered on Unemployment Up Tick

Recession Indicator Triggered on Unemployment Up Tick $DIA, $SPY, $QQQ, $VXX September’s jobs report contained a sign that investors should be on alert for Recession in the US, and that means a stock market correction 1 of the Top 3 necessary Recession indicators is when the unemployment rate breaches its 12-Month MA. September NFPs (non-farm […]

Weak NFPs Signals No Fed Rate Hike in September

Weak NFPs Signals No Fed Rate Hike in September

Weak NFPs Signals No Fed Rate Hike in September $DIA, $SPY, $QQQ, VXX August Employment Situation and July Trade Deficit: NFPs: 151,000; Private Sector: 126,000; Unemployment Rate; 4.9% Unch; Hourly wages: +0.1%/ Trade Deficit: $5.2-B narrower Commentary: Given how robust job gains were in June and July, the weak August increase halted the FOMC actions. If […]