President Trump Preparing ‘Sweeping’ Infrastructure Plan White House economic adviser Larry Kudlow said Tuesday that President Trump’s administration is looking at a sweeping infrastructure plan. “We are looking at infrastructure in many different ways, I would like to do energy infrastructure. I would like to do pipeline,” the veteran financial guru said. The White House […]
Investors Focused on Retail Sales and Wages $WMT, $M, $MCD, $AMZN, $CMG Amidst overall strong Quarterly results, rising labor costs are a growing concern, with more than 12 companies in the S&P 500 mentioning them in conference calls so far this earnings season. Next week, several retailers including Walmart (NYSE:WMT) and Macy’s (NYSE:M) are due […]
The Trump Effect: The S&P 500 +28% Since His Election $SPY, $ABMD, $GE President Donald Trump has taken credit for the stock market’s gains during his 21 months in the White House, and those claims are reasonable given the impact of tax cuts and pro-business policies on investor sentiment. The S&P 500 has risen 28% […]
S&P 500 Companies’ Profit Growth Highest Since 2010 $DIA, $SPY, $QQQ, $RUTX, $VXX Still, investors are somewhat cautious with US Congressional midterm elections Tuesday. US earnings growth for S&P 500 companies in Q-3 is on track to be the highest since Y 2010, eclipsing the strong results from earlier this year, according to the data. […]
Trump Economy Driving Robust GDP to 3.5% in Q-3 $DIA, $SPY, $QQQ, $RUTX, $VXX The US economy grew at a robust annual rate of 3.5% in the July-September Quarter as the strongest rise i consumer spending in nearly 4 years helped offset a sharp drag from trade. The Commerce Department said Friday that Q-3 GDP, the […]
President Trump Sees a 10% Tax Cut for Middle-income Americans President Donald Trump, speaking to reporters at the White House as he left on a campaign trip to Texas, said Monday his Administration planned to produce a resolution within two weeks calling for a 10% tax cut for middle-income people. “We are putting in a […]
America’s Middle-class Tax Cut on the Way President Donald Trump said he’s considering a “major tax cut” for middle-income earners that he may announce just days away. The cut was approved in the House in July, and just awaits the blessing of the Senate. The Y 2017 overhaul has been criticized for mainly benefiting the […]
New Tax Breaks Available for Investing in US ‘Opportunity Zones’ The Trump Administration is proposing rules for investors in a new program that it says could have a big impact on economically depressed areas around the country. About 8,700 so-called “opportunity zones” have been set up in all 50 states to lure investors and developers […]
Philly Fed Survey: Trump Trade Disputes Barely Slows Manufacturers’ Investment Plans US Manufacturers in the northeast are largely shrugging off global trade disputes and plan to boost investments next year thanks to tax cuts, according to a Federal Reserve survey. More than 64% of business respondents in the Philadelphia Fed district said tariff and trade […]
Buybacks to Top Use of S&P 500 Companies’ Cash in 2019 $GS, $SPY S&P 500 companies will increase cash spending by 13% to $3-T in Y 2019, with buybacks again expected to represent their largest use of cash, according to Goldman Sachs (NYSE:GS). Of the estimated cash spending in Y 2019, S&P 500 companies will […]
Today’s US Gasoline Prices Tapping at 4 Year Highs $UGA, $USO The next time you pull up to the pump to fill up as steadily rising gasoline prices you will learn they are near their highest marks since Y 2014. The price surge comes just ahead of the November midterm elections when California will vote […]
The Trump Effect: Americans Working, Higher Wages, Booming Manufacturing The Trump Effect has Made America Great Again, and Is Keeping America Great! The number of Americans filing for unemployment benefits fell to a near 49-year low last week, pointing to sustained labor market strength, which continues to underpin economic growth. The labor market, which is […]
US Retailers See Big Jump in Holiday Sales $DIA, $SPY, $QQQ, $RUTX, $VXX US holiday sales in Y 2018 will increase 4.3 to 4.8% boosted by a strong economy, but will be slower than a year ago when consumer spending surged to a 12-year high, according to a forecast from a leading retail industry group. […]
Retail Investors Coming into Stock in Droves $DIA, $SPY, $QQQ, $RUTX, $VXX US stocks delivered the best Quarterly run in almost 5 years, luring retail investors back into the longest Bull market on record just as Wall Street started flashing yellow lights. Individual investors drew down cash balances at brokerage accounts to record lows as […]
The Trump Effect: DJIA, S&P 500 Mark Record Highs $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, Wall Street delivered another set of milestones as buying drove US stocks due North, driving the DJIA above the all-time high it closed at in January, marking the 100th record high for DIA since President Trump took the Oval Office […]
The Trump Effect: US economy Poised for Strong Growth in Q-3 US economy is expanding at a 4.4% annualized rate in Q-3, the Atlanta Fed’s GDPNow forecast model showed Friday despite retail sales recording their smallest gainer in 6 months in August. Consumers cut back on purchases of motor vehicles and clothing, but upward revisions to […]
China Disappears A-List Actress Fan Bingbing Fan Bingbing, 36 anni, an A-list Chinese movie star who has appeared in the “X-Men” and “Iron Man” film franchises, has more than 62-M followers online in China and fronted campaigns for Montblanc watches and De Beers diamonds, has disappeared. The star dropped out of sight in June when […]
Huge Tariffs on Chinese Goods Ready Now US President Donald Trump has raised the stakes on the proposition that the world will line up behind the US to take on China over trade. President Trump said Friday that he is willing to slap tariffs on an additional $267-B in Chinese goods, on top of duties […]
House to Make Individual Tax Cuts Permanent US House of Representatives Speaker Paul Ryan, (R-WI), announced Wednesday that the Lower Chamber will vote later this month to make the individual tax cuts signed in December permanent. President Donald Trump signed the tax bill in December, but the tax cuts it outlined were set to expire […]
Mercedes Unveils EV SUV, Goldman Sachs says ‘sell’ Tesla $TSLA, $DDAIF, $GS Heavy pressure is bearing down on Elon Musk and Tesla (NASDAQ:TSLA). CEO Musk is shouldering a production Hell, cash crunch, the ‘420’ Twitter-induced drama, and now competition from 1 of the most powerful manufactures in the automotive sector is bring to market its […]
The Trump Effect: 83% of Executives Say, “US Business Is Booming” $SPY, $RUTX The Trump Effect has US businesses doing better now than it was 2 years ago, according to 83% of executives surveyed in the The Zogby Poll from Zogby Analytics, and more than 75% see more high times ahead. “An overwhelming majority [83 […]
The Trump Tax Cut Driving Strong Business Investment Shipments of core capital goods rose 0.9% last month after an upwardly revised 0.9% gainer in June. US economy is growing at a 4.6% annualized rate in the third quarter following the government’s data on new-home sales and costs, the Atlanta Federal Reserve’s GDPNow forecast model showed […]
American’s Taxes Should the Dems Take the Congress This November Republicans will make the historic Trump tax overhaul that slashed taxes 1 of their Key campaign selling points ahead of November elections. Democrats on the other hand are talking about how they want to undo it. In their bid to retake control of Congress, many […]
This Bull Market Was Born in the Depths of Financial Crisis $SPY This Wall Street Bull market was born at the depths of a financial crisis, and it has just became the longest ever recorded. Low valuations, little competition and EP/S growth that looked spectacular, but inline with historical trends, these were the forces that […]
US GDP Growing on Strong Domestic Demand The US economy set to charge ahead as fresh domestic demand carries it past some softening overseas, keeping the Fed on course for further interest-rate hikes later this year Households have more cash to spend than thought, thanks to pools of savings and President Donald Trump’s tax cuts. […]
Keeping Records? This is the Longest Bull Market in Stocks on Record $DIA, $SPY, $QQQ, $RUTX Are you 1 of us who keeps good records? Well thank take some time Wednesday and look up some old 401(k) or mutual fund statements, then check your balance on 9 March 2009. The difference from then and now […]
Robust Economy All Because of President Trump, Not Mr. Obama It was recently reported that in Q-2 of this year, the economy grew at more than a 4% rate. And it appears the growth rate is accelerating this Quarter as well. At the end of October, the Commerce Department will likely report that the economy […]
US Economic Boom the “single most important political story” President Trump fully deserves the credit, he said, for lowering tax rates, rolling back trade regulations and enforcing trade reform. The United States’ economic boom is the “single most important political story” that has happened this year, National Economic Council Director Larry Kudlow. “This is going to […]
Marijuana Taxes in California a Major Disappointment California’s legal marijuana market is off to a slow start and off of the governments tax targets. Marijuana cultivation and excise tax collections hit $48-M in Q-2, state officials announced Wednesday. That is up from Q-1 but well below the windfall envisioned by the state. Finance officials had […]
Some Companies that ‘Inverted’ to Return US for the Trump Tax Cuts Some of the US companies that moved offshore in a wave of inversion deals are now considering returning to the United States now that domestic tax rates are lower and tax policing is tougher abroad, attorneys and consultants said. Some clients have asked […]
ADP: US Companies Add Healthy 219,000 Jobs in July US businesses added 219,000 jobs in July, a private survey found, a robust total that suggests employers are still able to find the workers they need despite the low unemployment rate. Payroll processor ADP said Wednesday that hiring was led by health care providers, hotels and […]
President Trump’s Tax Cut, Deregulation Have ‘Accelerated Growth’ $DIA, $SPY, $QQQ, $RUTX, $VXX Monday JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said Monday that President Donald Trump’s tax cuts, along with some of his other efforts, have helped out the U.S. economy. “Presidents get a lot of credit [and] a lot of blame […]
Republican Tax Plans Include Making US Cuts Permanent $DIA, $SPY, $QQQ, $RUTX, $VXX Tax Reform 2.0 Republican plans to build on last year’s US tax legislation will include making individual and small business tax cuts permanent, expanding savings plans and giving breaks to start-up companies, according to documents released on Tuesday by the chief architect […]
Citizens of the World Have More Than 1 Passport Citizens of the world opt for more than 1 passport, as they look for security and peace of mind in a troubled world. Wealthy buyers “are looking for security” said the Chairman of Henley & Partners, which provides citizenship advice and publishes rankings such as the Quality […]
The US Economy, ‘Nothing Succeeds Like Success’ White House economic adviser Larry Kudlow said Wednesday that “there’s no recession in sight” for the American economy and that President Donald Trump “is on the right track” with his economic agenda. “There’s no recession in sight,” Mr. Kudlow said. “The American economy is in very good shape,” […]
What that S&P 500 Chart Looks Like Now $SPY The Big Q: When we look a candlestick chart of the S&P 500 what does it show us? The Big A: The benchmark index has been up and down but in an upward trend YTD. If you are a Bear, you see a major market Top. […]
Expat Americans Continue to Renounce Citizenship A steady stream of American citizens reportedly have renounced their citizenship since the implementation of stricter tax rules. Many Americans who live in other countries face higher tax bills, difficulty in obtaining and keeping financial accounts and complex retirement savings rules Some advocates urge the US government to tax […]
President Donald Trump: the Right Man, at the Right Time Promises Made, Promises Kept, Laser Focused on Making America Great Again A Supreme Court vacancy just opened, another, perhaps 2 coming, offering President Trump the unique opportunity to shape the court for decades. The current court handed him 2 favorable rulings this week alone. There’s […]
Democrats Do Not Like Trump Tax Reform or Simple Filing Forms Sticking to a pledge that Americans will be able to file tax returns on a postcard under President Donald Trump’s tax code overhaul, the US Treasury Department released a new Form 1040 for individuals on Friday, but met swift Democratic criticism about its potential […]
DJIA Off, Amazon Falls on Taxed Shopping Concern $DIA, $SPY, $QQQ, $RUTX, $VXX US stocks fell Thursday, with the DJIA (DIa) marking an 8th straight decliner, as industrials softened again on trade concerns while Amazon (NASDAQ:AMZN) and other online retailers weakened after a US Supreme Court ruling on state sales tax collection. Amazon dropped as […]
Supreme Court: “States Can Tax Amazon Marketplace” $AMZN Thursday, the US Supreme Court ruling will now allow states and local governments to pursue sales taxes on more online transactions. The Big Q: How can states collect it? Amazon.com (NASDAQ:AMZN) the world’s largest online retailer already takes in sales taxes in all states that charge them […]
17 October 2018, Canadian Marijuana Legalization Day Marijuana will be legal nationwide in Canada starting on 17 October in a move that should take market share away from organized crime and protect the country’s youth, Prime Minister Justin Trudeau said in a very optimistic and hopeful statement Wednesday. The Senate gave final passage to the […]
More Tax Cut Legislation on ‘Fast Track’ House Republicans unveiled a Y 2019 budget proposal Tuesday to send a message to their core supporters that repealing Barack Obamacare, cutting taxes and partially privatizing Medicare remain high on their agenda. The budget, which claims to balance by Y 2027 through $8-T in spending cuts, seeks to […]
The Trump Effect Has Made the US #1 in the World The Europeans want Utopia. They may our allies but they fear, envy, and hate US prowess. They embrace the UN International Court of Justice, the WTO, and such instrutions. EU foreign policy is aimed at ‘mulitlateralising’ the US, constraining it to paralysis with the […]
The US is Now the World’s Fastest Growing Economy, Nice, Yes? $DIA, $SPY, $QQQ, $RUTX The US economy, the fastest growing among industrialized nations, is on the path to even greater prosperity under President Donald Trump according to White House economic adviser Larry Kudlow. “The United States now has the fastest growing economy in the world, […]
President Trump Dubs MS-13 Lover Pelosi “High Tax, High Crime Nancy” President Donald Trump has come up with a new nickname for the House Minority Leader: High Tax, High Crime Nancy. Earlier Tuesday, he urged voters in “High Tax, High Crime California,” to support John Cox, GOP candidate for Governor. President Trump has branded Pelosi an “MS-13 Lover,” for criticizing […]
This Bull Market is Alive, Small Caps are Running Too $DIA, $SPY, $QQQ, $RUTX, $VXX Tune out the Noise! The President talks tough on trade and the stock market like it. This Bull is running and will only continue to climb higher under US President Donald Trump. The new leadership is set up and the […]
Populist Government Takes Power in Italy “Populism is the new organizing principle.” The new government has pledged to pursue a host of populist policies, including reclaiming national sovereignty from the European Union over issues ranging from border protection and immigration to economics and finance. For now, however, it has abandoned previous plans to hold a […]
US Stocks Finish Flat to Unchanged Ahead of Memorial Day Weekend $DIA, $SPY, $QQQ, $VXX US consumer sentiment according to a University of Michigan (MSI) report Friday. Consumers anticipated income gains of 1.6%, down from 2.2% in April and 2% last year 51% expected the jobless rate to stabilize at current 18-year lows Inflation rate […]
Investors Rotated $9-B into US Small Cap Stocks $RUTX, $SPY Last week investor plowed $9-B into US small cap stocks it was a good week. Russell 2000 +5.9% YTD S&P 500 +1.5% YTD Small-cap stocks are showing well in here, even as the benchmark 10-yr T-Note yield rose to a 7-year high. US Treasuries Yield Check […]
The Trump Effect: US Companies Seen Investing More $DIA, $SPY, $QQQ, $RUTX, $AAPL US companies are seen investing more of the money saved from sweeping Trump tax cuts into businesses later this year, perhaps even surpassing a jump in Q-1 capital expenditure that was the highest in nearly 7 years. Higher spending on technology, equipment […]
Broad Based Rally, Small Cap Stocks Lead $DIA, $SPY, $RUTX, $QQQ, $VXX Wall Street’s small caps are beating the The Street The small-cap Russell 2000 finished + 1.0%, closing at a new all-time high Wednesday’s broad based rally saw shares of smaller, domestically focused companies showing strength. The small-cap Russell 2000 finished + 1.0%, finishing […]
Bitcoin Tested Support to a 3 Wk Low and Bounced $BTCUSD,$ETHUSD, $CME Bitcoin tested and bounced Monday on the news that a Florida tax collector would accept the cryptocurrency for payments of several services. Currently, Bitcoin is trading at: 8,695.652344,+292.291016, or +3.478256%, as of 3:56a BST, the market is open. Joel Greenberg, tax collector for Seminole County […]
Big Caps Capture the News, Small Caps Beat ‘The Street’ $DIA, $SPY, $QQQ, $SPN President Trump’s historic tax reform driving Small Cap rally Wall Street’s small caps are beating the The Street trading with 2 percentage points of the recent record highs at 1,615.5 on the Russell 2000 The Russell 2000 (RUTX) tracks US small […]
President Trump’s Tax Reform Shines Up Small and Mid-Cap’s Earnings $DIA, $SPY, $QQQ, $RUT, $VXX The Trump led corporate tax cut is helping turn the shares of smaller publicly-traded companies in the United States into an unexpected source of stability. The shares of small and mid-cap companies in the Russell 2000 (RUT) index are more […]
The Trump Expansion Continues to Deliver Jobs The US economy has delivered steady, modest gains for most Americans since the Great Recession ended in Y 2009. President Trump’s policies have extended what is now the 2nd-longest economic expansionon record and why more of the country might soon benefit from higher pay. The government said Friday […]
President Trump’s Tax Reform: Wages, Salaries Rose Fastest Pace in 11 Yrs US private-sector workers received the biggest pay raise in 11 years in Q-1 of this year, a sign that the tight job market is lifting wages. Friday, the US Labor Department said that its employment cost index shows wages and salaries in the […]
High Taxed Blue State’s Triggers Migrations to Low Taxed Red States A provision within President Trump’s new tax law will induce a mass migration from high-tax blue states to low-tax red states, a “change could be good for all the states,” Professors’Art Laffer and Stephen Moore wrote today in the WS-J. Capping the deduction for […]
American Households Feel “Really Good” About President Trump’s Tax Reform President Trump is polling an average of 50% approval this week. In SurveyMonkey polls conducted from 12 February to 5 March, a majority of people in these Key states support President Trump’s Tax Plan: Florida, Wisconsin, Michigan, & Ohio. Plus 50% or more of voters in 10 […]
Fed Policymakers Say “Not to worry” No Recession Ahead As the gap between Short and Long-term borrowing costs hovers near its lowest in 10+years, speculation has risen over whether the yield curve is signaling that a recession is around the corner. Not to worry, 2 Federal Reserve policymakers said Friday Growth prospects look strong, which […]
Expensive Home Prices and Sales Rise in the US A housing shortage, strong economy and demand have driven many homes in major US cities over $1-M, offsetting buyers’ concerns about the reduced benefits of owning a pricey property under President Donald Trump’s tax reform, the data show. Home sales at $750,000 and above have risen […]
People are asking, “Is the Bitcoin Bull Back?” $BTCUSD Is the Bitcoin Bull is back? Yes, it could be, we will see soon enough. Bitcoin prices started to run this week, signaling the Bullish sentiment may have returned to the crypto markets. Bitcoin rose Thursday supported by ongoing demand for cryptocurrencies. Currently, Bitcoin is trading […]
Bitcoin Rallied, Now Trading Above $8,000 Again $BTCUSD Post-US Tax Day Rally Underway The price of just 1 Bitcoin jumped back above $8,000 early Wednesday, erasing a Tuesday loss that saw the No. 1 digital currency shed $200 in 20 mins. Speculation is that that decline was the work of 1 or 2 large sellers, […]
US Economic Growth ‘Robust’ and On Track Strong business borrowing, rising consumer spending, plus tight labor markets indicate the US economy remains on track for continued growth, the Fed reported Wednesday, the risks of a global trade war the only outlier. In its periodic “Beige Book” summary of contacts with businesses in its 12 regional districts, the […]
American Households Seeing More Benefits from Trump Tax Cuts Americans who waited until the last day to pay their taxes online got a surprise: The IRS website to make payments and access other Key services is down, it crashed. The IRS still expects Americans to pay their taxes but US Treasury Secretary Steve Mnuchin says […]
Bitcoin Saw a Quick Dip After 7 Up Market Days $BTCUSD Tuesday 17 April, Tax Day in the US, saw a fast dip with 1 big seller disposing of which could have been the result of what is though to be 1 seller dumping $50-M worth of the digital currency. The balance in an anonymous digital […]
The Trump Effect on US Economy is Powerful $DIA, $SPY, $QQQ, $VXX Since Trump’s recent tax-reform bill repealed the Obama penalties of the “Individual Mandate,” there is disposable income for working families to use toward investing, not just spending. The Trump Tax Plan will also create more cash to invest for W-2 workers each payday. Plus, the […]
American Taxpayers ‘Will Never File Under This Code Again’ Tax Day is in the US, and most folks are not happy about it. The Big Q: Why? The Big A: Paying over money to your Uncle Sam following the tax code that for most seems designed to be punitive, unintelligible and always being concerned about […]
President Trump’s Tax Policies Take Hold, DJIA Cracked Key Resistance $DIA, $SPY, $QQQ, $VXX President Trump’s Tax Cuts are Awesome The S&P 500 finished higher by 0.8% at 2677.84 after crack its 50-D MA at 2687. The DJIA and the NAS Com also finished a just below their 50-Day MA, adding 0.9% and 0.7%, respectively […]
President Trump, “This is the last year for a long, complicated tax return.” President Donald Trump is in Hialeah, Florida promoting the GOP tax refroms, highlighting improvements in Hispanic unemployment rates in the predominantly Latino Miami suburb. Speaking a day before the personal income tax filing deadline, President Trump says “This is the last time […]
US Retail Sales UP on Trump Tax Cuts, Consumer Spending Strengthens US retail sales rebounded in March after 3 straight monthly decliners as households boosted purchases of motor vehicles and other big-ticket items, suggesting consumer spending was heading into Q-2 with momentum. Fears of a trade war between China and the United States have roiled […]
Bitcoin: IRS says ‘Less than 100 people have reported holdings so far’ $BTCUSD The Big Q: What will be the impact of last years digital currency boom be on US tax payers? Notably, Germany has declared Bitcoin Tax Exempt. In Y 2017, cryptocurrencies became among the very trendiest investment opportunities. And, after much debate and […]
President Trump’s Tax Cuts Seen Halting a 3-Month Retail Sales Slump $SPY For sure President Trump’s tax cuts have given a boost to Americans’ take-home pay this year. The Big Q: Will the US consumer putting the extra cash toward savings and debt, or using it to go shopping? The Big A: We here a […]
Wall Street, the Week in Review $DIA, $SPY, $QQQ, $VXX Wall Street had a good week in terms of gainerss, but volume was light, pointing to a lack of conviction among investors who spent the week digesting MSM’s headlines. The tech-heavy NAS Comp led the major indices higher, adding 2.8%, while the S&P 500 and […]
Top Cryptocurrencies Traded Lower Monday $BTCUSD Bitcoin prices climb above $7,000 at the weekend, but the momentum did not hold into Monday. The No. 1 cryptocurrency dipped back to about $6,800 Monday in a light-volume session. Most of the Top cryptocurrencies by market cap traded lower Monday, too, in relatively narrow ranges. Monday, Bitcoin dropped […]
President Trump Staking US Trade Position Vs China and the World The US trade figures for February that were released this week and showed a widening deficit. President Donald Trump’s policies over the past year have been calculated to increase the size of the US trade and current account deficits. One could easily say that the […]
US To See Massive Corporate Spending in Wake of President Trump’s Tax Reform Corporate America strongly backs The Trump Administration’s tax reform, and is driving spending plans to multiyear highs. Wednesday, in a Quarterly survey released by Deloitte LLP, a record number of CEOs & CFOs said that now is a good time to take […]
Traders Like Volatility, Investors Like Strong Earnings $DIA, $SPY, $QQQ, $VXX Stock investors are hoping a strong earnings season to restore the optimism that characterized equity markets last year. Traders are happy given the surge in volatility this year Analysts predict strong results results ahead with Q-1 S&P 500 profit growth on track to be […]
Amazon (NASDAQ:AMZN) Has 10X the Data on American’s than Facebook $AMZN, $FB, $ORCL, $GOOGL Amazon has 10X the data on American consumers and owns the Washington Post a left wing political newspaper, always critical of President Trump and his administration. Amazon.com Inc. (NASDAQ:AMZN) disengaged with Washington’s biggest lobbying firm and brought on new advisers following […]
Trump Vs Bezos: Bet on Trump! $AMZN US President Donald Trump cast’d dark clouds on Amazon.com Inc. (NASDAQ:AMZN) with an early morning Tweet Thursday. The message was clear, Amazon.com is destroying America’s small businesses… People have asked me what can President Trump against the online retail giant? The Big A: Lots! He could push for probes of consumer protection, […]
FOMC’s Rate Hike Will Not Slow President Trump’s Economic Plan The Powell Fed shows confidence in the US Economy The Fed’s rate increase Wednesday will not slow President Donald Trump’s economic agenda, but it will make home mortgages more costly. “I don’t think this is going to affect the economic expansion very much,” economist Peter […]
Investors ‘Animal Spirit’ Elevated on President Trump’s Leadership $DIA, $SPY, $QQQ, $VXX It has been 14 months since the election victory of President Donald Trump on 8 November 2016. The surprising upset of Hillary R. Clinton awakened Americans “animal spirits” on the economy and risk on investments, they are still aroused. The hard data that […]
Californians Fleeing Jerry Brown’s Sanctuary State California is a Key battleground state on the issues of immigration reform and protecting illegal immigrants in sanctuary cities. The state’s progressive Democratic Governor Jerry Brown has approved a law that prevents police from inquiring about immigration status and curtails law enforcement cooperation with federal immigration officers. The Golden […]
Trump Tax Reform 2.0 on Fast Track in Congress Republican lawmakers are looking to act a lot faster than expected to keep the new individual tax cuts from expiring in Y 2025, thus daring Democrats to put up a roadblock during a congressional election year. Incoming White House economic adviser Larry Kudlow added momentum to […]
President Trump’s Tax Reform has Consumer Sentiment Jumps at 14-Yr Highs US consumer sentiment in March unexpectedly jumped to a 14-year highs after tax cuts boosted disposable incomes, while new tariffs boosted inflation expectations and dimmed the outlook, a University of Michigan (MSI) survey showed Friday. Highlights of Michigan Sentiment (March, Preliminary) Sentiment index rose to […]
President Trump Seeks to Make Personal Income Tax Cut Permanent The Trump Administration and Republicans in Congress are seeking to make temporary personal income tax cuts passed last year permanent, White House spokesman Raj Shah said Thursday, adding they could also lower capital gains tax rates. Mr. Shah said details were still being worked out […]
President Trump, “Going to put phase 2 tax reform to work” Wednesday in St. Louis, Missouri, US President Donald Trump that he is working with congressional Republicans on a “Phase 2” tax-reform plan to help middle Americans and corporations, telling Missouri business leaders that “it is going to be something that I think is very […]
US Bull Market Turned 9 Friday, a Happy Day for the Bulls $DIA, $SPY, $QQQ Friday, the 2nd longest US Bull Market since WWII turned 9 anni. It began precisely at 1.00p EST on 9 March 2009 when all 3 of the major US stock market indexes bottoms and bounced in unison. A very rare […]
Understanding President Trump’s Tariffs Trade protectionism equals tariffs and import quotas, Is what we do in times of peace and what foreign nations do to us in times of war. Or consider that we impose sanctions on US enemies such as NKorea, Russia and Iran because we want them to feel the economic pain of […]
‘Like it or Not,’ President Trump’s Tax Cuts to Boost Economic Growth $DIA, $SPY, $QQQ, $VXX Ken Langone, the founder of Home Depot (NYSE:HD) says whether or not you are a supporter of President Donald Trump, his landmark tax-cut strategy will ultimately truly help “Make America Great Again” on every financial and economic level. “It’s […]
US Consumer Confidence is at 17 Year Highs $DIA, $SPY, $QQQ, $VXX US Consumer Confidence jumped to a 17-year high as optimism about employment prospects grew and Americans began seeing additional money in their paychecks from recently enacted Trump tax cuts, data from the New York-based Conference Board showed Tuesday. Highlights of Consumer Confidence (February) […]
FOMC Eyeing Inflation, ‘Strike a Balance’ with Rate Hikes Fed Chairman Jerome Powell, pledging to “strike a balance” between the risk of an overheating economy and the need to keep growth on track, told US lawmakers Tuesday that the central bank would stick with gradual interest rate increases despite the added stimulus of tax cuts […]
Americans Now Know President Trump Has Cut Their Tax Bill America’s voters now believe that the Republican tax law will lead to their taxes being reduced, according to a poll released Tuesday by American Action Network. Last month, most Americans believed the tax law would raise their taxes, but that trend has now changed, even in […]
Trump’s Tax Cut a ‘Huge Tailwind’ for Businesses, Rally Resumes $DIA, $SPY, $QQQ, $VXX Industry Watch Strong: Financials, Industrials, Technology, Telecom Services Weak: Consumer Discretionary, Energy, Materials, Consumer Staples, Utilities, Real Estate Former Hillary Clinton supporter Warren Buffett lauded Republicans’ corporate tax reform as a “huge tailwind for businesses,” and the Berkshire Hathaway (NYSE:BRK.A&B) Boss should […]
PPI Came in ‘Hot’, Traders Shrug it Off, Market Soars $DIA, $SPY, $QQQ, $VXX Thursday, Wall Street marked it 5th session running of gains, led technology stocks as investors shrugged off inflation worries that may have roiled the markets early this month. Traders shrugged off economic data for a 2nd consecutive session that indicated inflation […]
President Trump’s Tax Cuts Benefit America’s Working Wage Earners President Trump’s tax cuts on businesses will mostly benefit America’s workers and wage earners. Economist Larry Kudlow made the remarks while debating the effects of tax reform with Gene Sperling, the economist who worked for the Clinton and Hussein Obama Administrations, on TV Wednesday. Mr. Kudlow […]
US is Now the ‘Best Country’ for Business Due to Trump Tax Cuts America now the “best country” for business in wake of the sweeping tax cuts championed by President Donald Trump. The United States’ economy is on a strong path for growth following the tax cuts and now the “best” for business. “We are […]
US Economy Strong, Growing, as Financial Markets Consolidate Big Gains $VXX The nation’s economy is very strong, and the tax cut bill is energizing business, so the stock markets will be just fine despite the quick correction seen over the past 9 trading days. Savvy participants are cost averaging down and “buying the dip’ “Investment […]
Trump Tax Cuts Driving US Economic Growth The US economy will grow faster later this year and the Fed will raise short-term interest rates at least 3X, according to a survey of economists. They predicted the annual growth rate of the US economy will speed up to 2.8% this year from 2.5% in Y 2017 because […]
US Businesses Hiring at a Healthy Pace $AAPL, $FDX, $WMT, $XOM US businesses continued to hire at a healthy pace in January, a sign the economy is off to a solid start for the year. Payroll processor ADP said Wednesday that companies added 234,000 jobs, led by big gains in services firms, such as hotels, […]