$DIA, $SOX, $QQQ, $SPY, $RUTX, $VXX The US Financial Markets are Closed Monday to Celebrate Memorial Day Note: The US economy is so diverse that there are always areas that are insulated from whatever you may be concerned about. The US-China trade dispute has driven dividend-rich sectors like utilities higher, but investors do not need […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX Stocks drop sharply amid trade tensions, growth concerns, Crude Oil prices drop; weakness in the S&P 500 energy sector, Flight to safety in US Treasuries; 10-yr yield hits lowest mark YTD. US factory activity took a hit this month as the tariff war with China and an overhang of […]
$CNY, $INTC, $QCOM The Trump Administration is considering cutting off the flow of vital American technology to 5 Chinese companies including Hangzhou Hikvision Digital Technology Co., widening the dragnet beyond Huawei to include world leaders in video surveillance. The US is deliberating whether to add Hikvision, Zhejiang Dahua Technology Co. and several unidentified others to […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX Note: The Mins from the May FOMC meeting showed that policymakers are comfortable with the current fed funds rate range while “a number of participants” saw a moderation in risk and uncertainties surrounding their outlooks for the year. The Key takeaway is that the stock market has a reasonable […]
Economist and author Art Laffer, the architect behind the Reagan tax cuts that ushered in an era of economic prosperity for a generation, said the Federal Reserve should read market signs of falling bond yields and lower short-term interest rates and slash short-term interest rates. The bond market is signaling an increasing likelihood of the […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: Major averages traded lower on trade uncertainty, Several US companies suspend business operations with China’s Huawei Technologies, Semiconductor stocks underperform, drag the S&P 500 information technology sector and Nasdaq lower Trade tensions with China need to linger for an extended period to cause real damage to the United […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Some analysts think there may not be enough leadership to move the market higher now. Savvy money is playing quality to the Northside. At the same time there are good Southside setups that we are watching carefully for the break South Southside action delivers fast gainers, but what falls […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: This economic expansion is set to become longest in US history, according to the latest leading-indicators data. The Conference Board Leading Economic Index (LEI) for the US increased 0.2% in April to 112.1, following a 0.3% increase in March, and a 0.2% increase in February. “The US LEI rose […]
US consumer sentiment spiked to the strongest marks since Y 2004 on a surge in economic expectations following an unexpectedly strong report on first quarter growth. The University of Michigan’s preliminary sentiment index rose to 102.4 in May, topping all estimates in a survey of economists who had projected the gauge would hold at 97.2. 5 years […]
$HD Billionaire businessman Ken Langone said President Trump is “doing the right thing” by increasing tariffs on China. “It’s got teeth,” the co-founder of Home Depot (NYSE:HD) said Thursday. “The only way you’re going to get somebody to a table for negotiations is when they have something to lose,” said Mr. Langone, also the founder of […]
Border security has to be part of immigration reform or else “every town is a border town and every state is a border state,” Senator Marsha Blackburn (R-TN), said Friday in a TV interview In the interview Blackburn, a member of the Senate Judiciary Committee, applauded President Trump’s proposed immigration plan,and well as legislation to deal […]
Saturday, US diplomats warned that commercial airliners flying over the wider Persian Gulf faced a risk of being “misidentified” amid heightened tensions between the US and Iran. The warning relayed by US diplomatic posts from the Federal Aviation Administration (FAA) underlined the risks the current tensions pose to a region Key to global air travel. […]
FLASH: President Trump is bringing the Fed into the US-China trade war. Tuesday, President Trump called on the Fed to “match” what he said China will do to offset economic hardship being caused by tariffs. “China will be pumping money into their system and reducing interest rates, as always, in order to make up for […]
President Trump has shaken the world trade order by imposing unilateral tariffs to combat what he calls unfair trade practices by the EU, Canada, Mexico, China and other major trading partners of the US. US GLOBAL TARIFFS – 25% tariffs on imported steel and 10% tariffs on imported aluminum, imposed on 23 March 2018 on […]
$DIA, $SPY, $QQQ, $RUTX, $VXX US stocks sold off Monday, as trade tensions escalated after China retaliated with a tariff rate hike on US imports. The 2.4% drop in the S&P 500 in a broad-based effort to de-risk amid global growth concerns. Stocks sold off as US-China trade tensions escalated, China increased its tariff rate […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: US-China Trade News is now Old News, and No Deal makes No Difference, the Fed is the Key to stock action, buy the dips. Watching the Fed, and without a trade deal the fear of a slowdown will keep the Fed patience mode. The President and the Wall Street […]
FLASH: US and China at impasse over trade, Larry Kudlow says new tariffs will remain. The United States and China appeared at a deadlock over trade negotiations Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests. The trade dispute […]
President Trump said it would be wise for China to “act now” to finish a trade deal with the US, predicting that “far worse” terms would be on offer for them after what he predicted would be his certain re-election in Y 2020. “I think that China felt they were beaten so badly in the […]
China and the US have agreed to hold more trade talks in Beijing, Vice Premier Liu He said as President Trump ordered his trade Chief to begin the process of imposing tariffs on all remaining imports from China. Mr. Liu voiced some optimism on reaching a deal, but said there were “issues of principle” on […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street declines for 4th day running, finished near session highs President Trump firm on tariffs, driving concerns about the trade dispute with China The S&P 500 held its 50-Day MA at 2860 on the close The CBOE Volatility Index (VIX), Wall Street’s ‘fear factor’ closed well off session highs […]
$SPY UPDATE: China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said, as President Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China. Mr. Liu voiced a measured optimism on reaching a deal, but said there were […]
FLASH: Gold Firmed, USD Off, Crude Oil Up, Stocks Down Notes: Again, President Trump has increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a this Friday, and targets $325-B more.. China wants the tariffs to be lifted, while President Trump wants to […]
FLASH: US Central Command confirms that the it is sending B-52’s to the Middle East, where they will join a carrier strike group following an announcement from national security adviser John Bolton. “We continue to closely monitor the activities of the regime in Iran, their military, the Islamic Revolutionary Guard Corps, and their proxies, and […]
President Trump Tuesday to take “harsh measures” if congressional Democrats do not take action against immigration loopholes. President Trump Tweeted Tuesday morning: “Democrats in Congress must vote to close the terrible loopholes at the Southern Border. If not, harsh measures will have to be taken!” The White House has requested billions in emergency funds from Congress […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Up Notes: President Trump Sunday increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a this Friday, and targets $325-B more.. China wants the tariffs to be lifted, while President Trump wants to keep […]
President Trump railed Monday against calls from an ugly/mean-spirited Representative Al Green (D-TX) for his impeachment, saying that Democrats cannot win the election fairly and that a President cannot be impeached for creating “the best economy in our country’s history.” “’Democrat Texas Congressman Al Green says impeachment is the only thing that can prevent President […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Down Notes: President Trump Sunday increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods this Friday, and targets $325-B more soon. The President’s aggressive strategy drew bi-partisan support from US Senate Democratic leader […]
United States is deploying a carrier strike group and a bomber task force to the Middle East to send a clear message to Iran that any attack on US interests or its allies will be met with “unrelenting force.” Sunday, John Bolton said the decision was “in response to a number of troubling and escalatory […]
Update: President Donald Trump’s top trade negotiator said the U.S. plans to raise tariffs on Chinese goods Friday, accusing Beijing of backpedaling on commitments it made during negotiations. The trade talks will continue and a Chinese delegation will visit Washington on Thursday and Friday, US Trade Representative Robert Lighthizer told reporters Monday in Washington. The […]
Bradley Blakeman, once a deputy assistant to former President George W. Bush (43), in an op-ed Sunday suggest “MAGA bonds,” named after President Trump’s “Make America Great Again” campaign slogan to finance the rebuilding of America’s infrastructure. “Bonds are a great investment, and they often provide a patriotic and needed purpose,” Mr. Blakeman wrote. “In […]
Saturday, President Donald brushed off noise of a possible weapons test by NKorea, vowing that leader Kim Jong Un “will do nothing to interfere” and that a denuclearization deal with the US “will happen.” The Tweet, posted while President Trump was in route to the Trump National Golf Club in Virginia, was the President’s 1st […]
FLASH: Our President’s approval rating is soaring once again despite the Democrats doing their best to cry about losing and hurt feelings. The Rasmussen Reports daily Presidential Tracking Poll Thursday shows that 51% of likely US Voters approve of President Trump’s job performance. CNN Poll: 43% of Americans approve of the job President Trump is […]
FLASH: The Trump Administration Wednesday asked Congress for $4.5-B in immediate emergency funding, saying a surge in Central American children and families claiming asylum at the US southern border had drained government resources. The money would come on Top of the funding President Trump has redirected to make good on a central pledge of his […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Global equities declined Wednesday, capping a 3-day winning streak after the Fed held rates steady as expected, but comments from Fed Chairman Powell cast doubt on whether the central bank’s next move would be a rate cut, as expected. The Fed left its Key interest rate unchanged Wednesday and […]
FLASH: President Trump and Democratic congressional leaders agreed Tuesday to work together on a $2-T infrastructure program Senate Minority Leader Chuck Schumer (D:NY) said there was “good will in the meeting” and that the 2 sides agreed that infrastructure investments create jobs and make the United States more competitive economically with the rest of the […]
Senator Kamala Harris (D-CA) will “most likely” be the person Democrats pick as their 2020 Presidential nominee, former House Speaker Newt Gingrich said Monday, but he believes South Bend Mayor Pete Buttigieg may also be a “dangerous opponent” against President Donald Trump. “She’s very articulate and I think a likable person, and I think that […]
$USO, $OIL Saudi Arabia needs Crude Oil prices to be higher than what President Trump wants, as the Kingdom increases spending to bolster economic growth. International Monetary Fund (IMF) data released Monday show the world’s biggest Crude Oil exporter needs prices at about $85 bbl to balance its budget this year, up from a forecast […]
$USD, $SPY, $QQQ, $DIA FLASH: Slowing inflation may lead the Fed to cut interest rates, White House economic adviser Larry Kudlow said in a TV interview Monday. “The Fed is independent, but they have been themselves talking about coming and lowering their inflation target, which might mean a lower interest rate adjustment on their own […]
$BTC FLASH: President Trump focusing on dark regulation at SEC The Trump Administration issued a memorandum strongly discouraging regulatory dark matter/s. The memo instructs federal agencies to submit all policy-making rules to Congress to be vetted under the Congressional Review Act, even if these rules come in the form of informal guidance. The Trump Memo […]
President Trump’s economic adviser said the White House still backs Stephen Moore for a seat on the Federal Reserve’s Board of Governors, despite Democratic lawmakers’ concerns about his competence and questions over his past remarks. Sunday, Federal Board candidate Stephen Moore derided criticism of him as “character assassination” and a blatant “smear campaign.” In a […]
President Trump’s lawyer Rudy Giuliani accused special counsel Robert Mueller of doing “some pretty outrageous things” during his investigation into Russian collusion and President Trump. During an interview Mr. Giuliani said that SC Mueller’s team of investigators might have even tried to “frame” President Trump for working with the Russians during the 2016 Presidential campaign. […]
Hundreds of invading immigrants hoping to reach the United States boarded La Bestia, a freight train in southern Mexico late Thursday, frustrated by efforts to slow their progress by the Mexican government, which is under pressure from President Trump. The risky move to board the train, known as “La Bestia” aka The Beast, followed a […]
In high school I learned that in Y 1887 Professor Alexander Tyler at the University of Edinburgh taught that Democracies and Republics last about 200 years. The Big Q: Has our Republic outlasted the timeline? The Big A: Little did I think 65 yrs ago that could happen in the USA, but in Y 1964 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Real GDP increased at an annual rate of 3.2% (consensus 1.9%), according to the advance estimate for Q-1 GDP, a blockbuster number. President Trump is Supercharging the US Economy! President Donald Trump’s re-election hinges on supercharging the US economy, and data showing faster than expected growth provided him a […]
Pentagon is set to waive a longstanding policy that prohibits military personnel from having contact with migrants as part of a move to increase the military’s involvement at the Southwest border. Senior officials at the Department of Defense have asked acting Defense Secretary Patrick Shanahan to authorize waivers for over 300 troops following a Department […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Larry Kudlow said Thursday on TV: “I think the Fed is moving toward rate cuts. That is my view. It is true in the open market, the funds rate has traded a bit high, but I think they are moving toward rate cuts.” Note: Slowing global growth has not […]
President Trump says he will go directly to the US Supreme Court “if the partisan Dems” ever try to impeach him. But President Trump’s strategy could run into a roadblock: the high court itself, which said in Y 1993 that the framers of the Constitution didn’t intend for the court to have the power to […]
Wednesday, President Trump declared that he and his Administration will battle House Democrats on all legal fronts after the special counsel’s Russia report, refusing to cooperate with subpoenas and appealing to the Supreme Court if Congress tries to impeach him. “I say it’s enough,” President Trump told reporters on the White House’s lawn as he […]
$DIA, $SPY, $QQQ, $RUTX Tuesday after the close, President Trump hammered the reality of the stock market and our economy in the face of Democrats talking about wanting to impeach him in a Tuesday evening Tweet. A short time after the S&P 500 and NAS Comp indexes closed at record highs, President Trump posted this: […]
Presidential counselor Kellyanne Conway Monday criticized Hillary Clinton and former President Barack Hussein Obama for referring on Twitter to Victims in Sri Lanka’s Easter church bombing attacks as “Easter worshipers” rather than as Christians. “You have to ask them about that,” she said in a TV interview about the wording Mrs. Clinton and Mr. Hussein Obama used. “There […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500 held the 2900 mark at the close President Trump commemorated Earth Day with a message that included nods to “historic economic and job growth,” but made no mention of climate change. “Environmental protection and economic prosperity go hand in hand,” President Trump said in a statement issued […]
Thursday, President Trump’s personal attorney, Rudy Giuliani, said that the release of SC Robert Mueller’s report is “a clear victory” for his client. Mr. Mueller’s report was released Thursday morning, and details how the Mueller team of investigators struggled to determine whether President Trump obstructed justice in the course of the investigation. “If we had […]
Melania Trump says she’s ready to serve another 4 years as First Lady if her husband is re-elected. She says, “I love what I do.” The First Lady revealed her intentions during a question-and-answer period with students at Albritton Middle School at Fort Bragg, North Carolina. She traveled there with Karen Pence, Vice President Mike […]
$USD, $GLD, $SLV Experts are in a debate on just how does the average American benefit from the USD’s reserve currency status, and would the Buck’s fall from grace have a negative, or positive, impact on the livelihood of the average American worker Economist Steve Keen recently declared that average investors are over-inflating the risks […]
$NKE FLASH: President Trump Invites Tiger Woods to the White House to Receive the Presidential Medal of Freedom and Celebrate! Tiger Woods’, 43 anni, come from behind Masters victory will reward the few companies that stuck with him through his struggles, and the ones that joined him when he was near the low point of […]
Monday, it was reported that 105 economists and prominent conservative activists have signed a letter endorsing President Trump’s possible nomination to the Federal Reserve Board. “We, the undersigned, support Steve Moore’s nomination to the Board of Governors of the Federal Reserve,” the signatories wrote in a single-sentence statement. Economist Arthur Laffer, Forbes Editor-in-Chief Steve Forbes, former Fed Vice […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The Trump Administration’s tax law is fueling economic growth Monday, White House National Economic Council Director Larry Kudlow that while many people are complaining about having to write bigger checks to meet their annual Tax Day obligation, policies that were put into effect under President Trump mean improved prosperity. […]
Monday, President Donald Trump said that his proposal to send migrants to so-called sanctuary cities is taking effect. President Trump Tweeted: “Those Illegal Immigrants who can no longer be legally held (Congress must fix the laws and loopholes) will be, subject to Homeland Security, given to Sanctuary Cities and States!” It was unclear whether the […]
$DIA Sunday, President Trump said that actions by the Fed have hobbled economic growth and stock market gains by perhaps 30%, and that it should begin pumping money into the economy as it did during the Y’s 2007-2009 recession. President Trump’s latest hammering Twitter attack Vs the Fed came as European Central Bank head Mario […]
$XAU, $GLD, $USD President Trump’s plans to nominate Stephen Moore and Herman Cain to the Fed board, and that move points back to The Gold Standard, a policy option once advocated by both men and President Trump himself. The Big Q: What is the case for returning to The Gold Standard? The Big A: Is […]
Moving asylum seekers to sanctuary cities around the country is an option “under review” at the White House because Congress is not doing its job to fix immigration laws. In a TV interview Sunday, White House Press Secretary Sanders said the idea got rejected at a “staff level’ meeting but is back on the table […]
President Trump said relations with Chairman Kim remain “very good” and he opened the door Saturday for a 3rd Summit, hours after the NKorean leader said he’s willing to meet as long as the US offers acceptable terms for a deal by year end. “I agree with Kim Jong Un of North Korea that our […]
Saturday, US Treasury Secretary Steven Mnuchin said he could not commit to meeting Democrats’ new 23 April deadline for turning over President Trump’s tax returns to them, adding that he wanted to keep the Internal Revenue Service from being “weaponized” for political gain. Secretary Mnuchin, speaking to reporters on the sidelines of the International Monetary […]
$GLD, $XAU, $USD FLASH: Gold could 2X overnight, especially if President Trump uses it as a weapon in his battle Vs the Fed. The Fed controls the Buck, the Buck is the world’s trading currency, and so the Fed controls the world. A stronger USD hurts the world’s growth prospects. It also hurts President Trump’s […]
Friday, President Trump’s approval rating has climbed to 45%, a new Gallup poll revealed. It is up from the 39% approval rating he received in March. It marks the 3rd time President Trump has achieved a 45% job approval rating in the Gallup trends poll. His other 45% ratings were recorded in his 1st week […]
Thursday, President Trump said, “…not the right time to lift economic sanctions on NKorea” “At the right time I would have great support. This is not the right time,” President Trump said during an Oval Office meeting with SKorean President Moon Jae-In, after he was asked about re-opening the industrial park. President Moon has advocated […]
FLASH: President Trump said Thursday that “I know nothing about WikiLeaks” after its disheveled founder Julian Assange was hauled out of the Ecuadorian Embassy in London to face charges. Asked about Thursday’s arrest, President Trump said at the White House, “It’s not my thing. I know there is something having to do with Julian Assange. […]
FLASH: Treasury Secretary Steven Mnuchin said Wednesday that US-China trade talks continue to make progress and the 2 sides have settled on a mechanism to police any agreement, including new enforcement offices. Secretary Mnuchin, speaking on television, said that a call with Chinese Vice Premier Liu He Tuesday night was productive and discussions would be […]
Wednesday evening, P resident Donald Trump said he will have to mobilize more of the military at the US border with Mexico after listening to stories about migrants crossing the border from people attending a Republican fundraiser. “I’m going to have to call up more military,” President Trump said. The President said some of the […]
FLASH: Wednesday, USAG William Barr said that he believes “spying did occur” on Donald Trump’s Presidential campaign, suggesting the origins of the Russia investigation may have been mishandled and aligning himself with the President on the matter. AG Barr, appearing before a Senate panel, did not say what “spying” had taken place. He later said […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The majority of Fed officials last month believed that economic conditions would likely warrant keeping its Dovish monetary policy unchanged for the rest of this year. Several officials said their view could shift in either direction based on incoming data, according to minutes of the meeting released Wednesday. Weaker growth […]
President Trump’s daily approval rating has risen sharply to 53%, according to a Rasmussen Reports survey released Tuesday, and just 45% disapprove of his performance in the White House. This marks his best showing in this poll since the early months of his Presidency and is five percentage points higher than what it was just […]
US Treasury Secretary Steven Mnuchin said Tuesday that his department intends to “follow the law” and is reviewing a request by a Top House Democrat to provide President Trump’s tax returns to lawmakers. Secretary Mnuchin also revealed that Treasury Department lawyers have talked to the White House counsel’s office about the question of releasing President […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500’s 8-Day Winning Streak Capped in a Fibo Retrace on Volume Tax time is here and the April 15 deadline for individual returns looms, as Americans are facing the full reality of President Trump’s new tax law. The law, better known as the Tax Cuts and Jobs Act, […]
FLASH: “Our Country is Full!” Invading immigrants are surging toward the US border because they are hearing that President Trump is serious about the issue of illegal immigration and they want to do “everything they can” to come across before it’s too late, Representative Bill Johnson (R-OH), said Monday. “They are hearing that our border […]
As Chairman of the Senate Finance Committee, Senator Chuck Grassley (R-Iowa) has the authority to request President Trump’s income tax returns, but Monday he said he will not seek them. “I don’t want to see them,” the Iowa Republican said. “I am not going to request them…I look at that not from the point of […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500 extended is winning streak to 8 days running The odds of a recession hitting the US economy are “all at about Zero,” Council of Economic Advisers Chairman Kevin Hassett said Monday. “You saw it in the jobs numbers, but income growth is really taking off,” Mr. Hassett […]
$BAC, $C, $JPM, $MS, $WFC, $USD, $GBP, $JPY The Fed As the US yield curve is deciding whether to invert/not Invert, investors seek reassurance that we are in a era of non-inflationary growth, and focus on monthly price gauges this week. Wednesday, the US Labor Department is expected to report that its March Consumer Price […]
FLASH: Top White House officials Sunday defended President Trump’s plan to name 2 political loyalists to the Fed’s board of governors, brushing aside controversies over their personal lives and qualifications to help run the world’s most powerful central bank. White House economic adviser Larry Kudlow and acting White House Chief of Staff Mick Mulvaney used […]
$GLD, $XAU, $USD By Jared Dillan There is a lot of strong feelings about gold. Some people think it has no utility. Other people have pretty reasoned arguments about how gold maintains purchasing power across the centuries. It was in a bubble 8 years ago that sucked a lot of people in. There were some sketch-ball […]
Saturday, rival political factions took to the streets across Venezuela in the mounting struggle for control of the crisis-wracked nation, where US backed opposition leader Juan Guaidó, 35 anni, is attempting to oust socialist President Nicólas Maduro. It was the 1st march Mr. Guaidó has led since Maduro loyalists stripped him of legal protections he’s […]
President Trump and NKorea Chairman Kim Jong Un likely will meet for a 3rd Summit Secretary of State Mike Pompeo said Friday. President Trump and Chairman Kim left their last Summit, in Hanoi, Vietnam, with a “deeper understanding of each other,” Secretary Pompeo said in a TV interview Friday, “The positions that the two sides […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The S&P 500 gained 0.5% Friday in a broad-based advance that was supported by a Goldilocks Employment Situation Report for March. The benchmark index advanced for the 7th session running, increasits its weekly gainer to 2.1%, and closed within 10 points of the 2900 level. The US labor market […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500 advances for 6th session running, closing on the high for the year There is positive sentiment on Wall Street about a trade deal in anticipation of President Trump’s meeting with Chinese Vice Premier Liu He after the close. There was also some speculation that President Trump could […]
By Harvey Bezozi Most Americans this year will feel the effect of the new tax law, in one way or another, on their personal financial positions. Some will benefit thanks to lower tax rates, higher alternative minimum tax (AMT) exemptions, and increased deductions. Others will be penalized due to the new restrictions on state and […]
President Trump’s laser focus on healthcare has some Republicans concerned, but GOP legislators do praise him for being “the most accessible President” they have ever seen. “There is a lot of angst about this whole healthcare bills we are dealing with,” said a Republican legislator. “But you are not going to hear members say ‘WTF […]
Steps are being taken this week to stop Democrats’ continued obstruction of President Trump’s nominees and “restore normalcy” to government, Senate Majority Leader Mitch McConnell (R-KY) writes. “Since January 2017, for the 1st time in memory, a minority has exploited procedure to systematically obstruct a President from staffing up his administration,” Senator McConnell said in […]
FLASH: Sunday, President Donald Trump called for an investigation into how Special Counsel Robert Mueller’s “fraudulent” probe started. “Everybody is asking how the phony and fraudulent investigation of the No Collusion, No Obstruction Trump Campaign began,” President Trump Tweeted. “We need to know for future generations to understand. This Hoax should never be allowed to […]
Rudy Giuliani hammered the “phony politicians” at the Top of the Justice Department who were chosen by those in power to delegitimize President Trump’s election, and now his team intends to find “who tried to perpetrate a fraud on the American people.” “What they did here, I believe, over the next six months, we’re going […]
$USO, $OIL FLASH: Crude Oil prices rose about 1% Friday, posting their biggest Quarterly rise in 10 years, as US sanctions against Iran and Venezuela as well as OPEC-led supply cuts overshadowed concerns over a slowing global economy. The May ICE Brent Crude Oil futures contract, which expired Friday, gained 57c, or 0.8%, to settle […]
FLASH: President Trump Tweeted Friday morning, “If Mexico doesn’t immediately stop ALL illegal immigration coming into the United States through our Southern Border, I will be CLOSING the Border, or large sections of the Border, next week.” Taking a powerful action against illegal immigration and threatening another, President Trump has moved to cut US aid […]
FLASH: President Trump said Friday he will close the US border with Mexico next week if Mexico “does not immediately stop all illegal immigration coming into the United States” from the region. He announced his intentions in a series of Tweets, as follows: The DEMOCRATS have given us the weakest immigration laws anywhere in the World. Mexico […]
$GBP UK lawmakers rejected PM Theresa May’s BREXIT deal for a 3rd time Friday, sounding its probable death knell and leaving Britain’s withdrawal from the European Union in turmoil on the day it was supposed to leave the single currency socialist bloc. The decision to reject a stripped-down version of Mrs. May’s deal has left […]
$DIA, $SPY,$QQQ, $RUTX, $VXX FLASH: S&P 500 marks its Best Quarter since 2009 Friday the US stock market liked what it heard: The US and China held “constructive” trade talks in Beijing this week, according to Treasury Secretary Steven Mnuchin and the White House. Trade talks will continue next week in Washington with China’s Vice […]
FLASH: The Y 2020 Election’s Key May Be America First! Thataccording to Defense One. Next year, all announced Dems in the White House race, except 1, possible contender Joe Biden have little experience in shaping America’s place in the world. But President Trump’s ‘America First’ non-interventionist foreign policy will likely make the issue a Hot […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The just released data of the US Bureau of Economic Analysis and the US Census Bureau show that the US monthly international trade deficit decreased in January 2019 from $59.9% in December (revised) to $51.1-B as expected, as imports decreased and exports increased. The goods deficit decreased $8.2-B in January […]
50% of all Americans believe the economy is in excellent or good shape, according to CNBC’s All-America Economic Survey. The number is unchanged from the Q-4 of Y 2018, but down from 58% in Q-3. Here are highlights from the survey: 47% approve of President Donald Trump’s economic stewardship – down a percentage point from […]
FLASH: Robert Lighthizer and Steven Mnuchin visit China this week to forge a US-China trade deal The US and China resume high-level trade talks this week as they close in on a deal that could just be a big step in the long road to economic peace. President Trump’s Top trade negotiator, Robert Lighthizer, and […]
$USO, $OIL FLASH: This dust-up could get very ‘ugly’ US President Trump’s national security team is deeply divided over whether to let a small group of countries keep buying Iranian Crude Oil after a US deadline on sanctions waivers expires in May. . The division is primarily between John Bolton’s National Security Council and Michael […]
$USO, $OIL FLASH: This is the Era of US Crude Oil What started as an American phenomenon is now being felt around the world as US Oil exports rise to marks not thought possible a few years ago. The flow of Crude Oil will keep growing over the next few years with major consequences for […]