$BAYRY Never before have the American People been affected by such a catastrophe, as no war has or will have the effect of a virus such as COVID-19 worldwide. In essence, the $21-T+ American economy at a standstill with millions of American families wondering how they will survive economically. About 40% live paycheck to paycheck […]
$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 […]
President Trump’s allies have been putting together lists of government officials considered disloyal to him, along with pro-Trump personnel to replace them, it was reported Sunday. The lists, which have been worked on since Y 2018 but have taken on added significance since President Trump’s acquittal in the Senate impeachment trial, have been put together by supporters […]
FACT: Melania Trump is 1 of President Trump’s greatest assets, she is graceful, classy, and beautiful. She is a blend of strength and modesty. Melania is a mother 1st, and 1st Lady 2nd. She is beautiful, smart, and has a heart of gold. So, it is no wonder that she’s winning over more and more […]
$DIA $SPY $QQQ $RUTX $VXX “The growing national deficit is a ‘legitimate issue’, but our main focus now is in creating jobs,” White House trade adviser Peter Navarro said Friday. “Until the bond market starts reacting negatively to that and we start seeing inflation, the deficit is not going to be a concern,” Mr, Navarro […]
$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 […]
President Trump’s job approval remains solid at 49%, according to a new Gallup poll. It ties his highest job approval rating yet for the President, who had scored the same mark in a Gallup poll released on 4 February. Here are the highlights from the current Gallup poll: 45% say they are satisfied with the way things […]
President Trump had the “best week ever,” said TV host Bill Maher. “I thought it was his best week ever,” Mr. Maher said in a TV interview Sunday. “And the most depressing week for me, as someone who’s not a fan of Donald Trump and what he’s doing to this country. “The other depressing thing about […]
“The person who can beat Donald Trump hasn’t been born yet.” Live-stream video bloggers and social media personalities Lynnette Hardaway and Rochelle Richardson, known as Diamond and Silk, praised President Trump’s for having “put his money where his mouth is.” In an interview the pair touted the “opportunity zones” program that grants tax breaks on […]
$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 […]
$DIA $SPY $QQQ $RUTX $VXX S&P 500 and NAS Comp finish on new highs, virus concerns fade. Stephen Moore, the Heritage Foundation’s chief economist, said Wednesday that there is nothing negative to say about the US economy. The US economy has hit record-highs across the board, Mr. Moore told Wednesday’s “National Report.” “You got the lowest unemployment […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Less than 1 hr after Fed officials begin a two-day policy meeting, President Trump calls for a cut in rates. “The Fed should get smart & lower the Rate to make our interest competitive with other Countries which pay much lower even though we are, by far, the high standard,” […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, White House Top economic advisor Larry Kudlow predicts that economic growth will surpass at least 3% this year. “I am looking for faster growth: I think we’re going to get 3% this year,” Mr. Kudlow said on TV. “The trade deals will help, the Fed changed policy — that was very, […]
Most Americans say President Trump should not be removed from office through impeachment, according to a new Gallup Poll. In the poll, which was released on Monday, 51% of the respondents said they want senators to vote against convicting President Trump so he will remain in office, and 46% say they want their Senators to […]
The Trump Administration is planning to crack down on the practice of birth tourism, where thousands of foreign pregnant women enter the US on a visa, give birth to children who automatically gain American citizenship, and then take the babies back home or to another country. The move comes as President Trump continues to buckle […]
The White House continues to work on a tax-cut plan in hope that Republican lawmakers will be in control of Congress after the Y 2020 elections, President Trump’s top economic aide Larry Kudlow said. “I am still running a process of Tax Cuts 2.0,” Mr. Kudlow said in a TV interview Wednesday. “We’re many months away.” The […]
$DIA $SPY, $QQQ, $RUTX, $VXX Wednesday, the DJIA closed above 29,000 for the 1st time plus the S&P 500 closed at a record high after the United States and China signed the Phase 1 trade agreement and pledged to resolve the 2 yr tariff dispute. The centerpiece of the agreement is a pledge by China […]
President Trump vowed he will get Mexico to pay for the border wall, saying an announcement will come during the 2020 Presidential election campaign. “By the way, they think they caught me,” President Trump said, pointing to the media during his campaign rally Tuesday night in Milwaukee. “They never catch us. “Because, you know Mexico’s paying for the […]
Documents to be released Wednesday will show skeptics that a Phase 1 US-China trade agreement will be fully enforceable, including a pledge by China to refrain from manipulating its currency, USTreasury Secretary Steven Mnuchin said Tuesday. President Trump is due to sign the trade pact with Chinese Vice Premier Liu He at a ceremony at […]
President Trump plans to divert an additional $7.2-B in Pentagon funds for his promised border wall, reports. The Trump Administration Friday touted the 100th mile of border wall to be built since the President took office in Y 2017, a project partly funded by military construction and other federal funds after President Trump declared a national […]
Barron’s annual roundtable of 10 veteran investors and economists agree that there’s almost no chance of a recession this year. The roundtable’s view of stocks is decidedly, albeit cautiously, optimistic, Barron’s reported. The 10 experts “all spoke of high valuations and noted a lack of catalysts to drive stocks higher. That led to some bemoaning that […]
Careful anti-Trumpers the worm has turned. Spitting on President Trump and his “deplorable” supporters, and and will cost anti-Trumpers 90 days in jail, 12 months probation, and cost you almost $1,000 on a charge of battery, if not $15,000 in a civil lawsuit. A Vero Beach, Florida, judge sentenced a registered Democrat to that time in the […]
The Trump Administration’s de-escalation of Iranian tension has become a divisive partisan issue, according to the latest ABC News/Ipsos poll released Sunday. Overwhelmingly, almost unanimously in opposing directions, 87% percent of Republicans back Trump on Iran, while 90% of Democrats do not, according to the poll. One point of 2-party agreement in the divisive poll results is 93% of respondents have […]
$SPY White House economic adviser Larry Kudlow believes the US economy will continue to grow at a robust pace as the Y 2020 election season proceeds. “This continuing Bull market run indicates a lot of investor, consumer and business confidence, in my judgment,” Mr. Kudlow said. Early in Fridays session, the DJIA broke above 29,000 for […]
$DIA $SPY $QQQ $RUTX $VXX Last September something happened in the “repo” short-term financing market. Liquidity dried up, interest rates spiked, and the Fed stepped in to save the day. On 12 December a New York Fed statement said its trading desk would increase its repo operations around year end “to ensure that the supply of reserves remains […]
2 of the “biggest and best trade deals ever in American history” could be signed within a week of each other, according to assistant to the President and Director of the Office of Trade and Manufacturing Policy Peter Navarro. The US-Mexico-Canada Agreement (USMCA) will likely pass the Senate, with a bipartisan vote, as early as this […]
President Trump is prepared to “respond appropriately” if Iran does not de-escalate its actions in response to the US for killing 1 of its most powerful figures, General Qassem Soleimani, in an airstrike at Baghdad’s international airport, Secretary of State Mike Pompeo said Friday morning. He said on TV that General Soleimani, the head of Iran’s […]
President Trump has proved that he has a plan to deal with Iran. President Trump ordered a drone strike to kill Iranian General Qassim Soleimani, who led the powerful Quds Force of the Islamic Revolutionary Guards Corps. Secretary of State Mike Pompeo says that the reason for the strike was that Soleimani was “actively plotting […]
The Trump Administration’s policy toward Iran is working, and the United States is “not seeking another war in the Middle East,” State Department spokeswoman Morgan Ortagus declared Wednesday. “We have told the Iranian regime countless times, do not confuse President [Donald] Trump’s strategic patience with weakness,” Ms. Ortagus said on TV Wednesday. Tuesday’s attack on […]
$USD After 4 rate hikes in Y 2018, the Fed cut interest rates 3X in Y 2019, making a remarkable and sharp U-turn in its monetary policy. The big shift reflected that Fed officials’ assessment of potential risks to the US economy has dramatically changed over the course of the year, due to slowing global […]
The White House’s trade adviser Peter Navarro, said Monday that a preliminary trade deal with Beijing is completed. “That’s a done deal, put that one in the bag,” Mr. Navarro said on TV. He declined to confirm a report by the South China Morning Post that Chinese emissaries led by Vice Premier Liu He will […]
Friday, President Trump gave a Presidential plug to the Showtime series “Ray Donovan” and specifically to actor Jon Voight. Praising “Ray Donovan” as a “big time hit” in the midst of its 7th season, President Trump showered compliments on the man who just might be his favorite actor. “Academy Award winning actor and great guy! […]
There a many reasons why 75%+ of American voters approve of the economy under President Trump, here are 10 of them, as follows: This week a poll declared that 76% of American voters say the economy is very good or “just plain” good. And 60% of large and small business owners say they approve of President Trump’s […]
$GLD, $XAU, $SLV, $USD, $JPM, $GS, $UBS Gold rose for a 4th session running, topping 1,500 oz and on pace for its best annual gainer since Y 2010. The precious Yellow metal marked a 7-wk high on the breakout as investors positioned for Y 2020, with post-Christmas gains coming even as global equities inched higher and US-China […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Thursday was another record-setting day on Wall Street, with the NAS Comp rallying 0.8% to cross the 9000 mark for the 1st time. The S&P 500 (+0.5%) and DJIA (+0.4%) also closed at new highs, thanks to mega-cap leadership and a strong finish into the close. The Russell 2000 finished flat. […]
Family holidays. Full of love. Full of laughter. And full of the inevitable conversations with the family liberal who just does not want to believe how great America is doing with President Trump in office. Thanks to President Donald Trump, the American energy revolution is now underway. America is now the world’s largest oil producer […]
$SPY, $QQQ, $RUTX, $DIA, $DE Global stock markets gained $17-T in total value in 2019 according to the information based on Deutsche Bank calculations. The chart from Deutsche Bank (NYSE:DE), the value of global equities began the year just under $70-T but now exceeds $85-T. Political developments and an easier monetary policy have helped spark […]
“The President and I want to wish each and every American a very merry Christmas,” our 1st Lady said Wednesday. “We say a special prayer for those military service members stationed far from home and we renew our hope for peace among nations and joy to the world.” On Christmas eve President Trump and 1st […]
President Trump’s approval rating is at just under 50% in the past few weeks before the 2020 election year starts, a new Hill-HarrisX poll released Monday revals. According to the poll, 49% of Americans say they approve of President Trump’s job performance, up 3 percentage points from the 8-9 December poll, when his numbers were at 46%. In […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street’s indexes set new records again, The Trump Policies are working President Trump is the main reason for the recent strength in the stock market, more so than the impartial evaluations of how the economy is performing, Nobel-prize winning economist Robert Shiller said during a appearance Sunday. Dr. Shiller […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Last week Though the House of Representatives voted to impeach President Trump Wednesday night, the stock market rose to new record highs in their 1st session after the news, boosted by trade progress and a US economy that continues to hold steady. Large-cap indices renewed the Northside with more vim […]
Support for President Trump among Orthodox Jews throughout the US has been growing since his election 3 years ago and is now at an all-time high. This was among the findings of a just-completed poll in Ami Magazine a newsweekly published in the US and Israel. Where 54% of Orthodox Jews voted for President Trump […]
Friday, President Trump Tweeted Friday that he had “a very good talk” with President Xi Jinping of China on trade and that Beijing “has already started large scale purchases of agricultural products and more.” “Formal signing being arranged,” President Trump said in the post, in which he noted further that “progress” was being made because he and […]
The House passed articles of impeachment against President Trump on the same day his re-election campaign raised more than $5-M, in a month when the GOP raised more than $20-M. The Republican National Committee (RNC) announced a record-setting $20.6-M collected in November, according to data filed with the Federal Election Commission. This brings the party […]
$SPY President Trump’s demands on the Fed to loosen monetary policy impact financial markets, according to new research published by the Bank of Canada. In the study released this month, Antoine Camous of the University of Mannheim and Dmitry Matveev of Canada’s central bank looked at Fed funds futures, a guide to where investors are […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wednesday, President Trump appeared on the cusp of becoming only the 3rd US President to be impeached, history suggests investors need not worry, even though it adds uncertainty on Wall Street. Strong partisan divisions were on display as members of the House of Representatives engaged in a debate ahead of historic […]
President Trump’s economic approval numbers surged back to their highest levels in a year despite impeachment proceedings, according to the CNBC All-America Economic Survey. The survey shows 49% of Americans approving of the president’s handling of the economy, up from 42% in September and the highest mark in a year. The poll of 800 Americans […]
A growing majority of equity investors expect President Trump to win re-election in Y 2020, according to an RBC survey. In the firm’s December survey, 76% of 119 respondents said they thought President Trump will win, a “big jump” from September’s 66%, Head of Us Equity Strategy wrote in a note. The figures reversed fading […]
President Trump continued to lash out at the Fed and urged the policy makers to again slash borrowing costs and inject cash into the economy. “Would be sooo great if the Fed would further lower interest rates and quantitative ease,” Trump tweeted. QE, also known as large-scale asset purchases, is a monetary policy whereby the Fed […]
$DIA, $SPY, $QQQ, $RUTX, $AAPL, $VXX Wall Street stocks marked another record closing high Monday, as the DJIA gained 10,000 points since Donald Trump was elected President. The Dow’s high point on Monday was 28,337.49, it closed at 18,332.74 on 8 November 2016 The index has rallied more than 54% since President Trump’s election victory, while the benchmark S&P […]
Phase One trade deal between Washington and Beijing has been “absolutely completed,” a top White House adviser said on Monday, adding that U.S. exports to China will double under the agreement. “They are… going to double our exports to China,” National Economic Council Director Larry Kudlow said on TV. The Big Q: What is in the […]
Monday, white House economic adviser Larry Kudlow said trade deals with China, Canada, and Mexico will strengthen the economy, adding that exports will double with China under the P-1 of President Trump’s new agreement. “These deals are both pro-growth and yeah, they do remove some uncertainty,” he said. “They also increase incentives to invest…I think […]
Last week the headwinds constraining the world economy have just been blown out. Dogged for most of Y 2019 by trade tensions and political risk that hammered business confidence, the outlook for global growth enters Y 2020 on a firmer footing after the US and China struck a partial trade deal and outlook for BREXIT […]
US Treasury Secretary Steven Mnuchin said Saturday a “P-1” trade deal between the United States and China was “very good” for global economic growth, and added that the 2nd phase could come in several steps. The United States and China cooled their trade dispute Friday, announcing a “P-1” agreement that reduces some US tariffs in […]
$SPY, $RUTX, $USD Last Christmas, the longest Bull market in our lifetime came within points of dying as the Fed raised interest rates. Some pundits say that every 3 years or so something pushes the Bull market to the brink of extinction, before a last-minute escape, that there is a record of support that underpins […]
Friday, the US Supreme Court agreed to hear President Trump’s appeals in 3 separate cases to prevent his financial records, including tax returns, being handed over to Democratic-led House of Representatives committees and a New York prosecutor. The court will hold oral arguments in March, with rulings due by the end of June. “We are […]
White House economic adviser Larry Kudlow predicts that Y 2020 “will be a very, very strong economic year” as the jobs market only stands to get stronger in the wake of Friday’s China-US trade deal. “I think it will be pro-growth. I think it will help business confidence and business investment,” Mr Kudlow said. Kudlow spoke […]
The political friendship between President Trump and British Prime Minister Johnson is back on track. PM Johnson’s Conservative Party’s expected victory in Thursday’s election, clears the way for his BREXIT deal with the European Union, and a trade deal with the United States. And that means the friendship that had been “soft peddled” before the vote in […]
Chairman Powell’s Press Conference: The record-long US economic expansion is in its 11th year, a Bull run that has driven unemployment to the lowest level since Y 1969 even while failing to sustainably deliver inflation at the Fed’s 2% target. Officials also released new Quarterly forecasts showing the following:: The median estimate for the fed […]
Despite impeachment insanity, President Trump has beaten his Democratic rivals in the battleground states Michigan, Pennsylvania and Wisconsin in the latest poll from GOP firm Firehouse Strategies. Firehouse and Optimus surveyed likely voters in the 3 states, asking who they would be more likely to vote for in a head-to-head matchup between President Trump and the […]
President Trump has “added more than 7 million jobs” during his time in office, a Treasury official said at the weekend. Monica Crowley, Assistant Secretary of Public Affairs at the Treasury Department, gave in a radio interview following the administration’s announcement last Friday that payrolls increased by 266,000 in November, far above Wall Street expectations. […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Stock Market Rally Awaits President Trump’s China Trade Dispute Decision DJIA futures fell slightly Sunday night, along with S&P 500 futures and NAS futures. The Big Q: Will President Trump suspend new China tariffs set for 15 December, or will he escalate the China trade dispute, imposing duties on a […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The DJIA Rose 337 pts on Robust Jobs Data, China Trade Hopes Friday, White House economic adviser Larry Kudlow declared that President Trump’s policies and strategies have reshaped the US economy and has put Americans back to work. “America is working. We are in an American workers’ boom with respect […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Jeremy Siegel believes President Trump will forge a trade deal with China by year’s end, if not he said stocks may on not be a disaster. If President Trump doesn’t reach a trade deal with China and “the tariffs get put on on Dec. 15 … I don’t know if […]
$XAU, $GLD, $SPY Gold markets rallied significantly during the trading session Tuesday after President Trump suggested that the Chinese trade deal could wait until after the election. If that’s going to be the case, then markets are pretty concerned based upon the reaction. Gold rallied but are already starting to give back some of the gains […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The Commerce Secretary said the world’s 2 largest economies still needed to work out details about China’s purchases of farm products, some structural issues and an enforcement mechanism in order to ink an interim trade agreement that President Trump hoped to complete last month. President Trump, speaking in Europe Tuesday, […]
$FB, $AMZN, $GOOGL The Trump Administration is proposing tariffs on up to $2.4-B worth of French imports in retaliation for France’s tax on American tech giants like Google, Amazon and Facebook. The Office of the US Trade Representative says France’s new digital services tax discriminates against US companies and says that the new tariffs could […]
Monday, President Trump said he will reinstate steel and aluminum tariffs on Brazil and Argentina because he claimed the South American countries are devaluing their currencies. He announced the move on his Twitter feed. “Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, […]
The majority of Republicans say President Trump is a better leader than President Abraham Lincoln, a new poll showed. In the Economist/YouGov weekly tracking survey, 53% of Republicans said President Trump is a better President compared with 47% who chose America’s 16th President, who led the nation through the Civil War. Among all Americans, Lincoln beats […]
$USO United States has cemented its status as a net exporter in world oil markets, and the dominance could affect its ties to foreign allies. The Energy Information Administration (EIA) reported Friday the United States exported 89,000 more barrels of crude oil and refined petroleum products a day than it imported in September, the 1st full […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The US stock market ended a record-setting week on a lower note. The S&P 500 slipped 0.4%, narrowing this week’s gainer to 1.0% while the DJIA -0.4%) and NAS Comp (-0.5%) recorded comparable losses, trimming their respective week-to-date gains to 0.6% and 1.7%. The final session of the week began […]
President Trump made a surprise Thanksgiving visit to Afghanistan to meet both the country’s president and with US troops saying that peace talks have resumed with the Taliban amid a push for a cease-fire and to reduce US deployment in the region. The President landed at Bagram Airfield around 8:30p local time Thursday and greeted […]
President Trump says he will “absolutely” designate Mexican drug cartels as terrorist groups because of they kill tens of thousands of Americans annually and play a huge role in drug and human trafficking. “They will be designated … I have been working on that for the last 90 days. You know, designation is not that […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street’s 3 major averages kicked off the trading week by closing at records Monday as signs pointed to progress between the United States and China on a trade truce, while a round of merger deals also helped buoy investor sentiment. President Donald Trump applauded the achievement. “Another new Stock […]
Despite Beijing’s strong and repeated opposition, the US Senate last Tuesday passed the so-called Hong Kong Human Rights and Democracy Act of 2019. By passing the bill, the Senate has not only shown indifference to the chaotic situation on the ground and the need to end violence and restore order, but also tried to embolden […]
$DIS “An unusual Hollywood exception to the derision of American exceptionalism,” –The National Review There’s a MAGA moment in Ford v Ferrari when the British-immigrant auto mechanic and race-car driver Ken Miles (Christian Bale) stops being a loner and decides to be a team player. He slows down on the track to let the other American drivers […]
The Republican-held Senate passed a temporary government-wide spending bill that would keep federal agencies up and running through 20 December and avert a government shutdown after Midnight Thursday. The spending bill, passed by a 74-20 vote, would keep federal the government open for another month in hopes the additional time will help negotiators wrap up […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 declined 0.1% Tuesday in a mixed session. The retail industry was under pressure following disappointing quarterly results and guidance from Home Depot (HD 225.86, -12.99, -5.4%) and Kohl’s (KSS 47.02, -11.38, -19.5%) The NAS Comp climbed to a fresh record on the back of gains in mega cap tech companies even as the […]
$USD President Trump said he “protested” US interest rates that he considers too high relative to other developed countries in a meeting Monday with Fed Chairman Powell. Mr. Powell met with President Trump and Treasury Secretary Steven Mnuchin at the White House residence in the morning at the President’s request to discuss the economy. It […]
The United States will raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade dispute, President Trump said Tuesday, threatening an escalation of the action that has damaged economic growth of the world’s 2nd largest economy severely. Speaking at a cabinet meeting at the White House, President Trump said […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 (+0.1%), DJIA (+0.1%), and NAS Comp (+0.1%) eked out incremental gains to close at record highs Monday. The Russell 2000 (-0.3%) closed in negative territory. Before President Trump, China has intended to take over the world. White House economic adviser Larry Kudlow proclaimed that President Trump will […]
Chief Justice John Roberts ordered an indefinite delay in the House of Representatives’ demand for President Trump’s financial records to give the Supreme Court time to figure out how to handle the dispute, and his order contains no hint about what the court ultimately will do. The court’s hold could last a matter of days […]
Jon Voight will be awarded the prestigious National Medal of Arts by President Trump, the White House announced Monday. Voight won an Oscar for best actor in the 1978 movie “Coming Home” and starred in “Midnight Cowboy,” the 1969 film that won an Academy Award for best picture. Mr. Voight is also 1 of President […]
President Trump hosts White House screening of ‘Joker’ Saturday night, President Trump hosted a showing of which ‘Joker’ which tells the the origin story of Batman’s arch nemesis. A senior White House official confirmed that President Trump screened the movie for guests including “family, friends, and some staff.” ‘Joker’ was released in theaters last month, […]
Chinese President Xi Jinping said the most pressing task for Hong Kong at present is to bring violence and chaos to an end and restore order. Xi made this clear stance of the Chinese government on Hong Kong’s situation while he was attending the 11th BRICS Summit in Brasilia, capital of Brazil, Thursday. He said […]
White House chief economic adviser Larry Kudlow defended President Trump as impeachment hearings are under way in Congress. He said the President has had to “fight hard to do his task” in the political “toxicity” in Washington. “He has been attacked mercilessly and I have seen it up close daily. And he attacks back. I […]
Record run takes S&P 500 to 3100 and Dow to 28,000 The S&P 500 (+0.9%), DJIA (+1.2%), and NAS Comp (+0.8%) set new records this week, with the bulk of this week’s gains coming on Friday after NEC Director Larry Kudlow said a Phase One trade agreement was close to being reached. The small-cap Russell 2000 (-0.2%) […]
It is not surprising that “stories are bouncing around” on the US-China trade deal, but the measure will be reached “in all likelihood,” Commerce Secretary Wilbur Ross said Friday. “This Phase 1 is relatively limited in its scope, and what’s really being debated is how many limitations will there be on the scope of Phase […]
House Speaker Nancy Pelosi (D-CA), and Treasury Secretary Mnuchin met Thursday in an effort to come to an agreement over funding for President Donald Trump’s wall for the southern border. Congressional and White House officials have been in a stalemate over $5-B for President Trump’s wall for months and now face a 21 November deadline. […]
Fed Chairman Powell likes to avoid any hint of politics in his public statements, but in a non-controversial response to a Question about US government borrowing Wednesday, he weighed in on one of the core issues in the political debate over how to manage the economy. Over the past year in particular, many mainstream economists […]
The 11th BRICS Summit taking place in Brazil on 13-14 November mission is to to usher in a 2nd “Golden Decade” for more fruitful cooperation of the emerging-market group. The past 10 years since its first summit in Russia are suitably dubbed a “Golden Decade” for BRICS, which was originally made up of Brazil, Russia, […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500, DJIA closed at record highs, again! Public impeachment hearings in Congress about President Trump’s attempts to pressure Ukraine to have scant influence on markets, some analysts said Wednesday. These hearings will be the height of drama inside the beltway, but our sense is that the market impact will […]
$XAU, $GLD, $USD Gold prices bounced off session lows and closed in the Green Tuesday, despite a stronger USD. Yields remain edged lower. German data is showing some small signs of improvement. President Trump in a speech before the Economic Club of New York on Tuesday to hammered the Fed, saying that although the stock […]
$DIA, $SPY, $QQQ, $RTUX, $VXX The benchmark S&P 500 stock index posted a slim gainer Tuesday as President Trump said the United States is close to signing an initial trade deal with China and lauded the economy. The S&P 500 and NAS marked all-time highs during trading but stocks ended off session highs with investors […]
Tuesday, President Trump on said the United States is close to signing a ‘Phase 1’ trade deal with China. President Trump added in a speech to the Economic Club of New York he will only accept a deal if it is good for his country and US workers. For weeks Trump has said the countries are close to […]
$SPY Over 1,350 people attended the lunchtime speech according to the Economic Club of NY spokeswoman. The club’s membership is a who’s who of New York’s financial elite, and its trustees include John Williams, president of the Federal Reserve Bank of New York, and billionaire hedge fund investor John Paulson, 1 of President Trump’s Top […]
The 2 biggest players in the US economy will take the stage this week, as President Trump and Fed Chairman Powell speak amid signs the nation’s trade war with China may be thawing. President Trump will deliver a speech at the Economic Club of New York Tuesday, with investors hoping he sheds light on a […]
President Trump will address the opening ceremony of New York City’s Veterans Day Parade Monday, becoming the 1st President to do so. He will then will lay a wreath at the Eternal Light Memorial at Madison Square Park. This year’s parade, hosted by the United War Veterans Council, is the 100th annual. The President is traditionally invited […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Risk is on, sidelined money coming back in and the market is posting record highs almost on a daily basis. The earnings news is providing its share of trading catalysts, but the macro news is mattering more as a market driver because the macro connection with the employment report, earnings […]
The Trump Trade Policy is Working Collected a Record $7-B in Tariffs in September Tariff revenue rose 9% from August and was up more than 59% from a year earlier. The US collected a record $7-B in import tariffs in September, fresh figures show, as new duties kicked in on apparel, tools, electronics and other […]