June could mark the turning point in massive joblessness caused by the C-19 coronavirus chaos, White House adviser Kevin Hassett said Friday, adding that he expects President Trump and lawmakers will work toward a 4th round of stimulus to get the nearly frozen economy moving again. “I think that there’s a great deal of uncertainty […]
$DIA $SPY $QQQ Some Wall Street heavyweights who President Trump dubbed ‘rich guys’ last week may sound alarmed about stocks, but some of the world’s biggest investors are holding on or boosting their holdings. Money managers and strategists at Capital Group, Franklin Templeton and BlackRock Inc., which together oversee about $8.8-T, say stocks remain attractive […]
$DIA $SPY $QQQ $RUTX $VXX Last Week’s Close Friday May options expired, and the market show us that the leaders were going to make good moves. The futures are telling us that Monday trades will be higher after last week’s action. This story helped: Friday mid-session it was the reported that the Fed purchased $305-M […]
$DIA $SPY $QQQ $RUTX $VXX Friday, President Trump said that he is in no hurry for Congress to pass more C-19 coronavirus related stimulus measures to help the economy. “We are in no rush,” President Trump said while meeting with House Republicans who spent an hour taking turns complimenting and congratulating the President for his […]
$XAU $GLD Gold traded lower Thursday en route to its best month since Y 2016 on the massive amounts of stimulus from governments worldwide intended to stem the economic damage caused by the COVID-19 coronavirus outbreak. Bullion usually benefit from widespread stimulus measures as it is often seen as a hedge against inflation and currency […]
President Trump is pressing for another stimulus bill to pump more money into the economy that has been crippled by the coronavirus chaos. “With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill. It should be VERY BIG & BOLD, Two Trillion Dollars, […]
$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 […]
Update: The Us Senate Tuesday unanimously approved $484-M in new relief for the US economy and hospitals hammered by the coronavirus pandemic, sending the measure to the House of Representatives for final passage Thursday, and immediate signing into law by President Trump. The Trump Administration and Senate officials are closing in on a new coronavirus […]
$DIA $SPY $QQQ $RUTX $VXX Monday, Treasury Secretary Mnuchin said he and his team have selected 100 business leaders to join a Special Task Force dedicated to re-opening the economy after the coronavirus crisis passes. The task force will work with medical advisers to develop a timeline for re-opening the economy, with 1 May as a […]
$XAU $GLD Gold prices in Asia are trading lower Wednesday morning despite continuing economic uncertainty. The precious Yellow metal continued its losses from the previous session as gold futures were down 0.22% to 1,680 by 9:33 PM ET (2:33 AM GMT). Gold prices tend to move in the opposite direction from stocks, but the 2 moved in the same direction for the 2nd day running. Asian stock markets opened mixed Wednesday with some […]
President Trump indicated Monday that Americans will need more aid during the stark pandemic and economic shutdown, including another round of direct impact payments, and Wall Street executives are reportedly putting the total of a Phase 4 bill in the neighborhood of $1.5-T. Among the priorities for Trump are infrastructure, “but not the Green New Deal” […]
$SPY $QQQ $MS, $CCORF,$JPM, $BLK The Sky is Not Falling! We do not believe that we will have full retest of the 23 March lows, and do not believe that this is the beginning of a Depression Monday, 2 Key Wall Street investment strategists talked up the market. Morgan Stanley believes that the worst has […]
$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 […]
Friday, President Trump senior economic advisor Larry Kudlow said the United States’ economic situation will continue to be painful throughout upcoming weeks because of the damages caused by the coronavirus pandemic, but conditions may start to turn around in the next 4 to 8 wks, “This is not going to last throughout the year,” Mr. […]
$JPM $SPY Over the weekend, strategists at JPMorgan Chase & Co. (NYSE:JPM) concluded that most risk assets including stocks and credit have marked their low points in this Virus War frame that has gripped economies around the world. Conditions that JPMorgan had set for market stabilization and revival have largely been met, with recession-like pricing, […]
The $2.2-T package is a much-needed lifeline for the shuttered movie business. As movie theaters across the United States remain dark, movie productions stay shuttered and thousands find themselves out of work for the near future, the Motion Picture Association (MPA) welcomed the passage of federal aid Friday, hoping to bring urgently needed relief to […]
$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 […]
Friday, the House of Representatives approved a $2.2-T aid/stimulus bill to alleviate economic devastation of the coronavirus pandemic and sent it to President Trump to sign into law, he signed it, it is now the law. Below are Key elements of the bill and the cost estimates provided by the Committee for a Responsible Federal […]
Governments around the world have to deal with this health crisis and manage the economic side effects. Some are doing it better than others, but this is not nearly over. Now is is clear the US government will spend several trillion dollars in direct healthcare costs, business aid and payments to American workers. The federal budget was […]
$DIA $SPY $QQQ $RUTX $VXX Friday, investors took some profits after the American Aid bill was passed and sent to President Trump for signing. By the end of the session, the DJIA was off 4.1%, S&P 500 and NAS 3.8 shed 3.4% and 3.8% respectively. The strong gains made on the week drove the DJIA […]
Friday afternoon, President Trump signed the $2.2-T American Aid/Stimulus bill, after swift and near-unanimous action by Congress this week to support businesses, rush resources to overburdened healthcare providers and help struggling families during this coronavirus epidemic. President Trump moved quickly to halt an economic free fall caused by behavioral restrictions meant to slow the spread […]
Most South East Asian stocks rose on optimism around a massive US stimulus package, although Singapore shares fell after the city-state cut its annual growth forecast to better reflect the economic damage from the coronavirus pandemic. Japanese shares took a tumble Thursday following 3 days of massive gains after a rise in domestic coronavirus cases […]
$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 […]
Last Wednesday a temporary travel ban was imposed on all UAE citizens. Similarly, those who are UAE residents who are out of the country will not be allowed to re-enter the UAE for the next 2 weeks. And as of 17 March all entry visas to the United Arab Emirates have been suspended. While visas on arrival were […]
The coronavirus economic stimulus package being negotiated in a late session by the Senate Saturday will exceed $2-T, according to estimates by the White House National Economic Council Director Larry Kudlow. “The package is coming in at about 10% of GDP,” Mr. Kudlow said. “It is very large.” That would mean more than $2-T, a reporter […]
$DIA $SPY $QQQ $RUTX, $USO, $XAU, $USD, $VXX Despite the coordinated stimulus packages announced by central banks and the massive stimulus plans laid out by Washington, confidence was lacking due to the growing outbreak of COVID-19 and the continued shutdown of the economy. Shortly before the close, the Senate passed the House bill that provides […]
$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 […]
Australian Prime Minister Scott Morrison Wednesday strongly discouraged the country’s residents against all overseas travel as he declared a human biosecurity emergency and banned all non-essential indoor gatherings of more than 100 people. “The travel advice to every Australian is ‘Do not travel abroad’. Do not go overseas,” he said. PM Morrison said the advice […]
$SPY, $DIA, $OIL Over the past month, equity markets and financial assets broadly, have been attempting to price in the dual shock of a pandemic and the sudden collapse in Crude Oil prices Volatility stemming from the outbreak has seen the DJIA move up or down by 1000 pts or more for 7 days 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 […]
$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 […]
$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 […]
The worst may be over for the world economy’s slowdown. A wave of interest-rate cuts by central banks including the Fed and mounting expectations of a US-China trade deal are buoying confidence in financial markets just as Key economic indicators show signs of stabilization after recent declines. While a robust rebound may not be here […]
The Christine Lagarde-era at the European Central Bank (ECB) is underway and the new President gets her 1st chance to frame her outlook for the economy and monetary policy publicly Monday. Ms. Lagarde, who took the mantle on 1 November from Mario Draghi, will speak in Berlin at a time when policy makers at the […]
$XAU, $XAG, $GLD, $SLV, $USD Gold prices climbed above the Key $1,500 mark Thursday to mark their highest finish in about two weeks, as a monthly drop in U.S. durable goods orders buoyed haven appeal for the metal. The dismal durable goods number is helping boost gold prices as recession fears are again on the […]
European Central Bank governors were divided as never before over their decision last month to re-launch “quantitative easing” (QE) mass bond-buying, an official account of the meeting showed Thursday, underscoring an already bitter public debate. While “all members agreed that a further easing of the monetary policy stance was warranted” to boost growth and inflation […]
$DIA, $SPY, $QQQ, $RUTX, $SOY, $VXX US stocks extend rally on trade developments, ECB stimulus measures Tech gains led the S&P 500 and the NAS Comp higher, while financials gave the biggest boost to the blue-chip DJIA, which closed up for the 7th session running, its longest winning streak since May. Stocks rose worldwide as […]
French President Emmanuel Macron is still calling for a new global economic order, decrying an “unprecedented crisis” in the market economy in an attempt to become the leader of the EU, a failed socialist experiment that is falling apart. Amid what he calls the uncertainty of US trade policies, Mr. Macron said the market economy […]
The German government sold 30-yr bonds at a negative interest rate in a sign of the clouds over markets and future growth as well as increased expectations that more central bank stimulus is coming soon. The sale adds to the piles of negative-yielding bonds currently held by investors, indicating they expect growth and inflation to […]
$XAU, $GLD, $USD The gold bears have finally bowed under the weight of fiscal and geopolitical catalysts, from Fed hints to the brewing conflict with Iran. But there is a Key trend that stands to push gold up beyond $1,700 regardless of the daily events. Of course, it’s difficult for the bears to ignore this […]
$AAPL, $KO, $CAT, $AMZN, $MCD, $BA, $OIL, $SOY FLASH: Earnings season continues with companies including: Amazon.com, Alphabet, Unilever, Caterpillar, Coca-Cola, McDonald’s and Boeing. Monday, technology shares led gainers among US stocks following mixed sessions in Europe and Asia as investors looked ahead to a busy week of corporate earnings. Crude Oil gained amid tensions in […]
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 […]
$CNY China’s stock market investors are not quite ready to see Beijing scale back its efforts to support the economy. Stocks started the week lower after improving data prompted traders to pare back their bets for additional stimulus. The Shanghai Composite Index rallied Tuesday after the PBoC injected cash into the financial system, alleviating concerns […]
$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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Cyclical sectors outperformed, follow-through buying interest came in on no new catalysts. Boeing (NYSE:BA) and Facebook (NASDAQ:FB) extend losses on familiar story lines Patience is the FOMC’s focus now, signaling that it went too far last year with its 4 rate hikes, so no interest rate hikes likely soon. […]
The growing mystery of where China’s rapid slowdown is headed may become the biggest risk on the horizon. The world economy. Recession Watch: The global economy’s in its weakest shape since the financial crisis 10 years ago. China got more affirming evidence of its Big slowdown, with industrial output and retail sales softening and a […]
FLASH: President Trump’s top economic adviser offered sharp criticism of the European Central Bank’s (ECB) revival of stimulus measures to spur the EU’s economy. National Economic Council Director Larry Kudlow said that a ECB decision Thursday to extend a new round of cheap loans to the banking system wouldn’t be enough to fix the continent’s […]
When the Fed’s FOMC policymakers met last month and put it 3-year rate-hike campaign on hold and backed ending a yearlong push to shrink their $4-T balance sheet, that was draining the liquidity out of the system and shrinking the wealth of American house holds by the trillions of dollars, they cited increased risks to […]
China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said Wednesday. Mounting US trade tariff pressure on the world’s 2nd-biggest economy pushed growth last year to its lowest since Y 1990 even as Beijing stepped up stimulus measures […]
The ECB’s Benchmark Interest Rate Unchanged at Zero $EURUSD The European Central Bank is stressing that interest rates will stay low well into next year even as the U.S. Federal Reserve is expected to keep raising rates in coming months. The central bank for the 19 countries that use the euro left its key rates […]
President Trump’s Stimulus to Boost US Economy for ‘at Least’ 3 Years $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, Federal Reserve Chairman Jerome Powell said he believes the US economy remains in a “good place,” with recent government tax and spending programs likely to boost GDP (gross domestic product) for perhaps 3 years. “I think the […]
We Are Seeing Wall Street Rally Under President Trump $SPY Wall Street analysts are predicting another up year for the S&P 500 Index (SPY) It is worth taking notice what would be accomplished if that prediction happens. At 2,800, the average estimate of 9 strategists tracked points not only to another year of all-time highs, […]
Central Banks Turn “Hawkish”, JPY Carry Trade Emerges $GBP, $USD, $EUR, $JPY, $CAD Cable, Loonie and EUR all rose last week on Hawkish comments from central bankers. The BOE Governor Mark Carney said it is not the time of rate hike yet. Then indicated the BOE MPC will start debating raising interest rate in the […]
Comey’s Testimony: “Still Born”, DJIA Marks Record Highs $DIA, $SPY, $QQQ, $VXX US stocks were higher in early afternoon trading Thursday after sacked FBI Director James Comey’s testimony was seen by investors as yielding nothing that could affect Donald Trump’s Presidency. The DJIA earlier hit an intra-day record and continued to climb and settled back […]
European Central Bank Facing Continuing Challenges The European Central Bank (ECB) facing continuing challenges when its Governing Council meets Thursday in Estonia. The Eurozone’s central bank is likely to err on the side of prudence by avoiding any notable reduction in monetary stimulus, even though the arguments points to a different policy direction. The argument […]
Mario Draghi, “EU Growth Needs More Stimulus” The head of the European Central Bank (ECB) says while the economy of the 19-nation Eurozone is improving, but it still needs substantial stimulus. At a parliamentary hearing Monday in Brussels, ECB boss Mario Draghi said “the economic upswing is becoming increasingly solid and continues to broaden across […]
President Trump Can Revive the Economy that Socialist Obama Killed $DIA, $SPY, $QQQ, $VXX Thursday, Sam Zell said President Donald Trump has an “extraordinary opportunity” to revive an economy that died under 8 years of regulatory oppression under Barack Hussein Obama. “I think we’ve had 8 years of kind of an anti-business administration with very […]
ECB’s Draghi Cautiously Upbeat on Eurozone The Head of the European Central Bank (ECB) says that risks to the strengthening economy of the 19-country Eurozone have fallen insisting it is too early to declare victory and start withdrawing stimulus measures. Mario Draghi said in remarks delivered Wednesday in the Dutch Parliament that recent data confirm […]
Trump Stimulus Expectations Driving US and World Economies $DIA, $SPY, $QQQ, $VXX The world economy will grow steadily over the next 2 years, meaning investors should stay invested in equities, according to Barclays Capital Plc. Barclay’s analysts presented several major themes for the next 2 years Thursday, they are: President Donald Trump and Republicans in […]
President Trump in Action Put Washington in Cardiac Arrest $SPY, $QQQ Tuesday the Trump Rally extended and the S&P 500 finished at +14.87 at 2280.07 and the NAS Comp at +48.01 at 5600.95 all time highs. All of Washington DC is in in Cardiac Arrest over news reports that President Donald Trump is planning a budget […]
China’s Manufacturing Expands for 5th Month Running Activity at China’s factories slowed in December but still marked the 5th consecutive month of expansion in the latest sign that the world’s #2 economy is stabilizing. The monthly PMI (purchasing managers’ index) by the Chinese Federation of Logistics and Purchasing was 51.4 in December, the 2nd highest […]
Renewed Optimism Seen For Chinese Economy In March of this year Chinese leaders detailed the nation’s 13th 5-year plan running from 2016 – 2020 which doubles-down on a long-stated commitment to “double 2010 GDP by 2020”. The 2020 GDP goal would require annual growth rates of 6.5% to go from a nominal $10-T last year […]
The Trump Rally Continues to Notch New Highs $DIA, $SPY, $QQQ, $VXX Friday, the major US stock indexes drove North record highs, with the S&P 500 ending the week +3%, as investors bid up shares in sectors that have lagged since Donald Trump was elected President of the United States. The S&P 500 marked a […]
“Trump Effect” Hammering US Treasury Market US Treasury’s are having their worst month since Y 2009 after investors pulled money from the US bond market on speculation Donald Trump’s victory in the Presidential election will pave the way for increased fiscal stimulus. An index that tracks the Treasuries market has lost 2.5% this month through […]
It is Time to Be Optimistic Again $SPY Donald Trump’s plans for the economy will boost deficits, interest rates and growth but also will create opportunities for ordinary investors, it is time for Americans to be optimistic again. Both Trump and Hillary Clinton promised sorely needed additional spending on roads and public structures, schools, railway […]
Financial Markets “Waking Up” to a Trump Presidency $BAC The US financial markets are just now “waking up” to the possibility of a Donald Trump Presidency in the wake of Hillary Clinton’s numerous health problem’s and tightening polls, that according to Bank of America Merrill Lynch (NYSE:BAC) Head of Global Rates and Currencies Research David […]
Jeffrey Gundlach, “This is a Big, Big Moment” Last Thursday DoubleLine Capital’s CIO Jeffrey Gundlach, 56 anni, said it is time for fixed-income investors to prepare for rising interest rates and higher inflation by reducing their positions, moving money into cash and protecting against volatility. “This is a Big, Big Moment,” Mr. Gundlach said during […]
Key World Stock, Crude, Gold and Silver Markets Briefing $DIA, $OIL, $USO, $GLD, $SLV Commentary: Most of the markets waited for the ECB meet Thursday, where President Draghi was expected to extend the asset buying stimulus further, they were disappointed, as he did not come right out with it. But, from the tone, I understood […]
Financial Markets Running on “Hope” for Continuing Stimulus $DIA, $SPY, $QQQ, $VXX In this world of easy money, where the markets hope the near-Zero interest rate policies to continue, there really should be hope for a growing not stagnant economy. This week;s economic reports have been dominated by a very strong consumer confidence report. The […]
Japan’s Economic Latest Stimulus Measures Expose Flawed “Abenomics” Japan’s unrolling this week of a stimulus plan of JPY 28.1-T (US$274-B) as part of Prime Minister Abe’s latest installment of his shaky “Abenomics” economic policy mix, lacks the equivocal allocations and long-term vision necessary to fundamentally kickstart the nation’s ailing economy. As evidenced by the stock […]
Gold Getting Boost from Japan Spend/Lend Stimulus $GLD, $SLV, $ABX, $KGC “Gold is getting another boost, this time from Japan PM Shinzo Abe” Gold prices are headed for the longest rally in more than 6 weeks after Japan’s cabinet Tuesday approved a spending/lending stimulus package, including JPY4.6-T in outlays this year. The USD also weakened, […]
BOJ to Boost Stimulus for Stagnant Economy Japanese Prime Minister Shinzo Abe announced plans Wednesday for more than JPY 28-T ($265-B) in economic stimulus in an effort to prop up the nation’s stagnant economy. The plan will includeJPY 13-T in “fiscal measures,” he said in excerpts of a speech broadcast by NHK public television. Mr. […]
US Stocks Extend Momentum Rally to Fresh All Time Highs $DIA, $SPY, $QQQ, $VXX US stocks extended to fresh all-time highs, with the S&P 500 Index marking its longest winning streak in 4 months, as speculation grew for looser global monetary (stimulus) policies while a better-than-forecast profit from JPMorgan Chase & Co. (NYSE:JPM) boosted optimism […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX There will be some give back to start this week after such a strong move to close out the post-Brexit as the market is very overbought, but the momentum indicators are strong, new highs for S&P 500 and DJIA may happen early, the move has backing. […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The beginning of Q-3 starts Tuesday and with the Fed, BOE and ECB stating they will stand by the markets, we may presume that the major Wall Street indices will continue North though perhaps after a pause to refresh given velocity the move South and the V […]
Global Economy: Stiff Headwinds, Weak Recovery, Risky Future Looking back at the state of the global economy in 1-H of Y 2016, it is disappointing to see a weak recovery and a risky future. In its Global Economic Prospects released in June, the World Bank (WB) revised its Y 2016 global growth forecast down to 2.4 from […]
Caution, Investors are Chasing Stocks, more Tactical than Fundamental $DIA, $SPY, $QQQ, $VXX Investors are no longer running from the stock market they are chasing it for reasons that are more tactical than fundamental: Caution. It is too early to tell where the UK’s new position in the overall context of the EU will be […]
The S&P 500 Closed Out its 3rd Straight Quarter in the Green $DIA, $SPY, $QQQ, $VXX, $HSY, $MDLZ Wall Street marked a 3rd straight day of gainers Thursday as the BOE raised the prospect of a Summer stimulus and consumer staples shares rose on news of Mondelez International’s (NASDAQ:MDLZ) $23-B bid for Hershey (NYSE:HSY). The […]
The “Lion’s” Share of US Economy is Consumer Spending $DIA, $SPY, $QQQ, $VXX “When the dust settles on Brexit, it will be consumer spending that will determine the course of the U.S. economy and we need to wait a while before we know what consumers are thinking.” — Joel Naroff, economist Mr. Naroff means: The […]
Managed Money Cautious, Capital Preservation Key $DIA, $SPY, $QQQ, $VXX The “new normal” led to the “new neutral” led to ‘insecure stability”. The world has entering a phase of rising risks as the effect of central-bank stimulus policies diminishes. “You can think of it as insecure stability,” Richard Clarida, Pimco’s global strategic adviser, said in […]
Abenomics Not Likely to Lift Japan Out of Sluggish Growth Statistics released Wednesday showed Japan recorded better-than-expected economic growth numbers in Q-1 of the year. However, economists said the real picture may not be as rosy as it looks to be based on preliminary statistics. The reform plans championed by Prime Minister Shinzo Abe, known […]