Gold Prices Steady, Trade Concerns Pressure USD + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT In Asia Asian stocks followed global indexes higher Thursday, as investors took a less bearish view on the impact of the US-China trade war on markets, a sharp contrast to dim expectations economists had on US growth amid the […]
The Trump Effect: Atlanta Fed Keeps GDP Forecast at 4.4% $DIA, $SPY, $QQQ, $RUTX, $VXX Wednesday, the S&P 500 finished with a gainer of 0.1%, driven by financial shares, which rallied on another rise in interest rates. The blue-chip DJIA outperformed, adding 0.6%, the NAS Comp lagged, closing lower by 0.1%, and the small-cap Russell […]
President Trump: ‘We Will Be 100%’ With Hurricane Florence Victims Wednesday, President Donald Trump sought to offer comfort to families who suffered losses in Hurricane Florence, declaring “America grieves for you” as he arrived in North Carolina to survey damage left by the powerful storm. President Trump pledged to be with storm victims “100 percent” […]
Gold Prices Up, as USD Eases + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT Gold prices edged up Wednesday, as the USD weakened despite another round of reciprocal tariffs in the US-China trade dispute. In focus 19 September 2018 Spot gold up 0.1 % to 1,199.18 oz by 0044 GMT US gold futures […]
President Trump’s Tariff Policy to Have Little Inflation Effects $BAC US Commerce Secretary Wilbur Ross said that President Donald Trump’s new China tariffs will increase prices but “nobody is going to actually notice.” Secretary Ross said in a TV interview that the tariffs will be “spread across thousands and thousands of products” and “nobody is […]
Wall Street Not Worried About President Trump’s Trade Policy $DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street finished higher Tuesday in a broad-based rally as investors brushed aside trade rhetoric between the United States and China showing no fear, only cheer. All 3 major U.S. indexes closed higher following Monday’s pause to refresh. Late Monday, US […]
FBI Does Not Want to Investigate the Kavanaugh Accusations Tuesday, President Donald Trump said that the FBI does not want to investigate an allegation of sexual assault against Supreme Court nominee Judge Brett Kavanaugh. “I do not think the FBI should be involved because they do not want to be involved,” President Trump told reporters […]
Crude Oil Prices Soften on Renewed Trade Concerns $USO, $OIL NYMEX WTI Crude Oil prices settled modestly lower Monday, as gains on expectations for steep losses of Iranian Crude Oil were offset by fears that rising US-China tensions could soften global demand. On the New York Merc, Crude Oil futures for November delivery fell 19c to […]
President Trump is “Guiding Hottest Economy in World” The US National Economic Council Director Larry Kudlow said America’s economy is leading the rest of the world by returning to a basic approach of cutting taxes and burdensome regulation to allow businesses to freely flourish with government oppression. “The U.S. is the hottest economy in the […]
President Trump Imposed Tariffs on Chinese Goods $AAPL, $FIT Monday after the stock market closed, USPresident Trump President Donald Trump said he will impose 10% tariffs on about $200-B worth of Chinese imports, but he spared smart watches from Apple (NASDAQ:AAPL) and Fitbit Inc (NYSE:FIT) and other consumer products such as bicycle helmets and baby car […]
President Trump’s Chinese Tariff Announcement Dampen Sentiment $DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street dipped Monday, with tech shares leading the retreat, as investors prepared for another tranche of US tariffs on Chinese goods. This latest round of tariffs is expected to slap a duty of around 10% on $200-B worth of Chinese goods. Beijing […]
Judge Kavanaugh says Sexual Misconduct Accusation ‘Completely False’ Monday, Judge Brett Kavanaugh, President Donald Trump’s US Supreme Court pick, called a woman’s allegation that he sexually assaulted her 36 years ago “completely false,” while a lawyer said the accuser is willing to publicly testify before a Senate panel that is scheduled to vote this week […]
Political Strategic Planning: Russia Probe Interviews, Documents to be Released to the Public Before the Midterms Sunday, US House Intelligence Committee Chairman Rep. Devin Nunes, (R-CA) his panel will move to have all of documents related to witness interviews in its Russia probe released to the public before the November elections. During a TV interview […]
President Trump Going to Impose New China Tariffs Sunday we learned that US President Trump is going ahead with plans to impose new tariffs on about $200-B of Chinese imports. Both sides were preparing to hold new talks on their tariff dispute. Last week President Trump told reporters such a move could come “very soon.” […]
America First, Financial Markets Briefing $SPY, $USD, $OIL, $USO, $USD, $CU Hong Kong, China equities slide Monday on trade concerns WS-J reporting Monday that China could skip trade talks with US Stocks in Asia opened the week under pressure after the latest US move to place a 3rd tranche of tariffs on Chinese goods, as […]
President Trump Wants $267-B More in China Tariffs Despite Talks $AAPL, $WMT, $TGT President Trump threatened a 3rd tranche of tariffs on another $267-B of Chinese imports this past week, which would mean levying duties on nearly everything China exports to the US. President Trump said at the time those tariffs were “ready to go […]
John Kerry ‘Actively Undermining’ US Policy on Iran Secretary of State Mike Pompeo is unloading on his Obama-era predecessor John Kerry for “actively undermining” US policy on Iran by meeting several times recently with the Iranian foreign minister, who was his main interlocutor in the Iran nuclear deal negotiations. Friday, in blunt and caustic language, […]
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 […]
Socialist Elizabeth Warren: Do Not Impeach President Trump Let Mueller Finish Socialist US Senator, Elizabeth Warren (D-Mass), aka Pocahontas, who recently called for the invocation of the 25th amendment to remove President Trump from office as unfit to govern has changed her tune. Now, the outspoken potential Democratic candidate for president wants special counsel Robert […]
Savvy Investors Will View Any Market Correction as a Buying Opportunity $DIA, $SPY, $QQQ Always be careful and keep political analysis seperate from company analysis. With the midterm elections looming the chances are there could be some changes ahead. The President’s party tends to lose seats in mid-term elections, and with the GOP holding a […]
The Trump Economy Is ‘Killing It’ Right Now $DIA, $SPY, $QQQ, $RUTX, $VXX White House economic adviser Larry Kudlow urges all Americans to give President Donald Trump’s negotiating strategy more time because the “entire world” will benefit if all goes if planned because he “is doing the Lord’s work.” As evidence, Mr. Kudlow offers the […]
Economist are Bullish on Global Growth $SPY, $MME=F, $GS,$JPM, $C, $BAC, $DB Wall Street economists are sticking with their forecasts for the global economy to enjoy its strongest growth since the start of the decade even as emerging markets wobble and trade disputes escalate. The Big Q: The reason? The Bit A: The US is […]
“China has been a ‘Serial Violator’ of WTO for Many Years” It is a good thing that China and the United States are now talking to each other on trade, but China has been a “serial violator” of the World Trade Organization (WTO) for years, Rep. Jeb Hensarling (R-TX) said Thursday. “It is just not […]
US Weekly Jobless Claims Drop to 49-yr Lows The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in 49 yrs and pointing to robust labor market conditions. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 204,000 for the week ended 8 September, the lowest […]
“US Under No Pressure to Make a Deal With China” Thursday, US President Donald Trump denied a recent report in the WS-J that claimed that his Administration has reached out to China to begin new trade talks. “The Wall Street Journal has it wrong, we are under no pressure to make a deal with China, […]
Hurricane Florence: Winds and Rain Lashing the Carolinas President Trump urged people to get out of the way. “Don’t play games with it. It’s a big one The outer bands of wind and rain from a weakened but still deadly Hurricane Florence began lashing North Carolina on Thursday as the monster storm moved in for […]
“The Thought of Nancy Pelosi as Speaker Should ‘Scare All Americans” The thought that House Minority Leader Nancy Pelosi (D-CA) could get her speaker’s gavel back again should “scare all Americans,” House Majority Leader Kevin McCarthy (R-CA) said Wednesday. “If Democrats won the majority, I believe Nancy would be speaker,” the California Republican told the […]
Strzok’s JEH Like ‘Leak Strategy’ Likely Aimed at Damaging Donald Trump Harvard Law Professor Emeritus Alan Dershowitz said disgraced and sacked 1-time FBI Agent Peter Strzok’s e-Mail citing a “leak strategy” was not meant as a way to curb agency leaks. “It’s much more plausible that he was talking about a strategy designed to leak things […]
US Household Incomes Rise for 3rd Year Running The median US household income rose for a 3rd year running in Y 2017 and the poverty rate declined further, government data showed on Wednesday. The Census Bureau says incomes for a typical household, adjusted for inflation, rose 1.8%, from $60,309 in Y 2016 to $61,372. The Census Bureau […]
Gold Finished Flat, Rate Hike and Trade Tensions Concern $GLD, $SLV Gold prices held steady during Asian trade Tuesday as investors remained on the sidelines amid expectations of a Fed interest rate hike later this month and on fears of an escalation in the US-China trade dispute. Spot gold was mostly unchanged at 1,195.79 oz […]
Forex: USD Fell on Canada’s Alignment with President Trump on Trade $USD/CAD The US fell Wednesday in Asia as sources said Canada was ready to make a concession to the United States to resolve their talks over reworking the North American Free Trade Agreement (NAFTA). US Dollar (.DXY) Index finished littl changed at 95.19, looking to […]
“Trump Deserves to Win Nobel Prize for Economics” $DIA, $SPY, $QQQ, $RUTX, $VXX The USA is Open for Business! Last week I asked a friend at the White House about how the President was holding up against the onslaught of media attacks. “They didn’t even deliver a glancing blow,” was the response. It was not […]
Americans Reject Idea That President Trump Acted Illegally With Russia The Top editor at Gallup polling says Americans have now largely “dismissed” the idea that President Donald Trump criminally colluded with Russia in the 2016 election. In an interview Tuesday, Gallup editor-in-chief Frank Newport explained Americans see a difference between criminality and doing something wrong. […]
FBI and DOJ Launched a ‘Media Leak Strategy Concocted ‘to Get Trump’ Former Trump campaign aide Carter Page, embroiled in special counsel Robert Mueller’s Russia investigation and the latest news of a systemic “media leak strategy” employed by the Justice Department and the FBI, says “there’s no doubt whatsoever” some government officials are out to get […]
Blue-Collar Jobs Grow at 30-Year High Blue-collar jobs reportedly are growing at their fastest clip in more than 30 years, powering a hiring boom in many small towns and rural areas that are strong supporters of President Donald Trump ahead of November’s midterm elections. Jobs in industries such as mining, construction and manufacturing rose 3.3% in […]
Trade Disputes Poses Little Danger to the Thriving US Economy $GS Goldman Sachs declares President Donald Trump’s economy is growing at a pace of 3.5%, or 2X its estimated potential. Goldman chief economist said the trade war poses little danger to the thriving economy He predicts the Fed will hike interest rates 6 more times […]
How Close was Saudi Arabia to Buying Tesla? $TSLA With privatization plans now off the table, we investigate how close Saudi’s electric dream was to becoming a reality In what became one of the most intriguing and beguiling business stories of recent years, Saudi Arabia emerged as a leading player in the complex and now defunct […]
USD Higher on Continuing Trade Tensions $USD, $AUD, $EUR, $JPY, $CNY Friday, US President Donald Trump warned that he is ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267-B of goods in addition to the $200-B already facing the risk of duties. The US Dollar (.DXY) […]
Crude Oil Rises as US Drilling Slows, Trump’s Sanctions Against Iran Loom $USO, $OIL Crude Oil prices rose Monday as US drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s Crude Oil exports kick in from November forward. US West Texas Intermediate (WTI) Crude Oil futures were […]
The Trump White House is Not in Turmoil US President Donald Trump’s defenders, led by Vice President Mike Pence, were out in force Sunday following a turbulent week capped by the publication of an anonymous NY’T Op-Ed piece savaging the President. VP Pence sat for interviews on Sunday talk shows, telling CBS that there has […]
NKorea’s 70th Anni Parade “a big and very positive statement” Sunday, US President Donald Trump saluted NKorean leader Kim Jong Un Sunday for holding a massive military parade “without the customary display of nuclear missiles” to celebrate his country’s 70th Anniversary. “This is a big and very positive statement from NKorea. Thank you To Chairman […]
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 […]
President Trump to Apple, “Start building new plants now. Exciting! $AAPL Yes, some Apple (NASDAQ:AAPL) products may become more expensive if The Trump Administration imposes “massive” additional tariffs on Chinese-made goods, but President Trump says the tech company can fix the problem by moving production to the US. “Start building new plants now. Exciting!” President […]
NY-T’s Op-Ed Author: “Come Out of the Woodwork” National Economic Council Director Larry Kudlow spoke Friday morning denying writing an anonymous NY-T’s Op-Ed, and asked the author to “come out of the woodwork.” Mr. Kudlow appeared on national TV and defended his role in The Trump White House 2 days after a senior administration official’s […]
DOJ Should Investigate Anonymous ‘Resistance’ Op-Ed Author US President Donald Trump said he wants AG Jeff Sessions to investigate the author of an anonymous NY-T’s op-ed claiming that Top officials in his Administration are working to thwart Presidential actions they consider misguided. “I think it is national security. I would say Jeff should be investigating […]
Traders are Betting: Who is the Author of NY-T’s Anonymous Resistance Op-Ed? Dan Coats, Mike Pence and Kirstjen Nielsen were among the favorites Thursday among political gamblers taking an online stab at predicting which senior Trump Administration official authored a scathing anonymous column in the NY-Ts. Mr. Coats, the director of national intelligence, was seen […]
The Trump Effect: Low Unemployment Makes Economy ‘as Good as it Gets’ $DIA, $SPY, $QQQ, $RUTX, $VXX Current economic conditions are “as good as it gets” for the Fed, a Key policymaker said Thursday. Looking ahead, investors will receive the Employment Situation report for August Friday, the consensus expecting an increase of 187,000 in NFPs, an […]
‘Cowardly’ Op-Ed ‘Sabotaging’ US, Not Protecting It lady Melania Trump came to her husband’s defense and said “people with no names are writing our nation’s history,” and ripped the NY-T’s anonymous editorial writer, saying “you not protecting this country, you are sabotaging it with your cowardly actions.” “People with no names are writing our nation’s […]
Update: Dan Coats, US DNI, Denies He is the Anonymous NY-T’s Op-Ed Writer US President Donald Trump’s Director of National Intelligence Dan Coats said Thursday that speculation that he or his deputy wrote the anonymous opinion piece in The New York Times is “patently false.” His office released a statement: “Speculation that The New York Times […]
House Legislators Call President Trump to Declassify FISA Application Some of President Donald Trump’s biggest supporters in the House will ask him to declassify portions of the FBI’s application for a surveillance warrant on a former Trump campaign aide. Republican Reps. Lee Zeldin, (R-NY), Mark Meadows, (R-NC), Matt Gaetz, (R-FL)., and Jim Jordan, (R-OH), have […]
Latest on the ‘Witch Hunt’: Mueller to Accept Written Responses from President Trump It is being reported that Special Counsel Robert Mueller is willing to accept written responses from US President Donald Trump regarding any potential coordination between his campaign and Russian efforts to interfere in the 2016 Presidential election. That is according to a […]
President Trump’s Tariffs Policy is Working $F, $GM President Donald Trump’s trade and tariff strategy, risky as it may seem is working. He is a master negotiator is hammering out agreements, 1st with the Europeans, next Mexico, both are better deals for American firms and workers. His threat of tariffs is leading to lower tariffs. […]
President Trump to Chair the Security Council Meeting on Iran US Ambassador to the United Nations Nikki Haley says President Donald Trump will Chair the Security Council meeting on Iran during the annual gathering of world leaders in New York this month. Ambassador Nikki Haley said Tuesday that the meeting will address “violations of international […]
Atlanta Fed Lifts Q-3 GDP Prediction to 4.7% $DIA, $SPY, $QQQ, $RUTX, $VXX The next GDPNow update is Wednesday, 5 September. The US economy is growing at a 4.7% annualized rate in Q-3, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday, following the latest data on construction spending and factory activity. This is now […]
Arizona’s Governor Ducey picked Jon Kyl to Fill the State’s Empty Seat in the US Senate Former Republican Senator Jon Kyl, 76 anni, has been picked to fill Senator John McCain’s (dec) seat in the upper chamber. Senator Kyl (R-AZ) was the second highest ranking Republican in the Senate when he retired in Y 2013 […]
President Trump Enjoying a Working Holiday this Labor Day US President Donald Trump spent Monday in the Oval Office working on trade issues, the White House said. According to the WH pool report, President Trump emerged from the executive mansion at 10:40a EDT wearing dark-colored pants, a red polo shirt, and a white cap. There […]
“America’s Economy Firing on All Cylinders” A Salute to All American Worker on Labor Day US Labor Secretary Alexander Acosta spent Labor Day visiting the Chicago branch of the nation’s largest police union — and posting several tweets praising President Donald Trump’s job-focused policies. “Our nation’s brave members of law enforcement work on the front lines each […]
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 […]
President Trump’s Mexico Trade Deal a Look at the Future President Donald Trump has sidestepped conventional processes, protocols and procedures in trade negociations Last Monday, the US reached a preliminary trade agreement with Mexico that addresses several American grievances. A similar deal with Canada may also to be on track. These breakthroughs, combined with an easing […]
President Trump’s Approval Rating at 48% Despite ‘Fake News’ President Donald Trump late Friday pointed out his latest approval rating is at 48 percent, tweeting that “despite the constant and intense fake news” his ratings are at a high point. “Higher than Election Day and higher than President Obama,” President Trump said. “Rasmussen was one of the […]
President Trump, “Canada Will be Out’ of Trade Deal Unless It’s ‘Fair’” Saturday, US President Donald Trump warned Canada that it “will be out” of a revised North American trade agreement unless it’s “fair” to the United States, and he threatened to scrap the current deal should Congress “interfere” with the negotiations. “There is no […]
President Trump Cuts More Regulations, Small Businesses Benefit $DIA, $SPY, $QQQ, $RUTX, $VXX US markets will be closed Monday in celebration of Labor Day. Friday, President Donald Trump directed the Labor and Treasury departments to work to make it easier for small businesses to band together to offer retirement plans to their workers. President Trump […]
MAGA Effect:Household Income Spikes US median household income is at all-time highs US median household income has risen more than 4% since President Donald Trump took office on the overall strong economic growth and robust optimism. Inflation-adjusted median household incomes in July hit $62,450, according to the latest release from Sentier Research. “That’s the highest level […]
Atlanta Fed’s Q-3 GDP Estimate at 4.1% The US economy is expanding at a 4.1% annualized rate in Q-3, the Atlanta Federal Reserve’s latest GDPNow forecast model showed, following the release of the advanced economic indicators from the US Census earlier this week. This was slower than the 4.6% GDP growth pace calculated by the […]
US Stocks Indexes Paused, Dipped After Record Runs $DIA, $SPY, $QQQ, $RUTX, $VXX Stock indexes pulled back from record highs Thursday, as President Trump said he wants to impose tariffs on $200-B worth of Chinese goods next week. President Trump has not made his final decision regarding this new round of tariffs on China, the […]
President Trump Warns WTO, “If they don’t shape up, I would withdraw” US President Donald Trump said he will pull out of the World Trade Organization (WTO) if it does not treat the US better, continuing his criticism of a cornerstone of the international trading system. “If they don’t shape up, I would withdraw from […]
President Trump ‘Hard Balling’ China With More Tariffs US President Donald Trump is prepared to quickly ramp up a trade dispute with China and has told aides he is ready to impose tariffs on $200-B more in Chinese imports as soon as a public comment period on the plan ends next week it was reported […]
Canada Must Align with the US on the NAFTA Redo Or ‘it is Over’ Canada and United States are set to tackle contentious issues in bi-lateral talks Wednesday, as the 2 nations work to salvage the North American Free Trade Agreement (NADTA) on signs Ottawa was open to taking a more conciliatory approach. After more […]
John Brennan’s Security Clearance Has Been Revoked The White House reaffirmed Tuesday that former CIA Director John Brennan’s security clearance had been revoked despite the disgraced former CIA boss John Brennan saying he was “uncertain” about its status. “The President’s order went into effect immediately, and Mr. Brennan no longer has access to classified information,” White […]
US Economy Grows Most in 4 Years US economic growth has come in stronger than initially estimated in Q-2, posting its best performance in nearly 4 years, as businesses boosted spending on software and imports declined. Gross domestic product (GDP) increased at a 4.2% annualized rate, the US Commerce Department said Wednesday in its 2nd […]
US ‘Taking a Look’ at Regulating Google (NASDAQ:GOOG) Searches $GOOGL, $GOOGL, $TWTR Larry Kudlow, President Donald Trump’s top economic adviser, says the administration is “taking a look” at the possibility of regulating Google searches. Mr. Kudlow’s statement came just hours after President Trump fired off 2 Tweets early Tuesday complaining about Google search results for the […]
US Wants to Reach Canada Trade Deal ‘Quickly’ The United States want strike a quick trade with Canada after reaching an agreement with Mexico this week on continent-wide trade, US Treasury Secretary Steven Mnuchin said Tuesday. Canada’s Foreign Minister Chrystia Freeland traveled to Washington to begin talks later Tuesday, 1 day after US President Donald […]
US Farm Aid Package Includes Direct Payments to Farmers $SOY, $CORN, $WEAT Monday, the US Department of Agriculture (USDA) said its $12-B farm aid package would include $4.7-B in direct payments to farmers to help offset losses from retaliatory tariffs on American exports this season. The bulk of the payments, $3.6-B, would be made to Soybean […]
Broad Based Wall Street Rally Continues to Post Record Closes $DIA, $SPY, $QQQ,$RUTX, $VXX US and Mexico reached bi-lateral trade agreement; Canada will now join the discussions Buying momentum following new records for the S&P 500, NAS Comp, and Russell 2000 Cyclical sectors outperform; heavily-weighted financial group particularly strong Wall Street’s broad-based rally drove the […]
President Trump Approaches His ‘Reagan Moment Economist Mohamed El-Erian predicts that President Donald Trump sees a 60% chance that President Donald Trump’s hard line with China and Europe yields “fairer trade.” The chief economic adviser to Allianz SE also set some other odds in a recent TV interview. El-Erian puts a 15% chance on a “Reagan moment” […]
James Comey and Robert Mueller Leveraged Their Government Ties For Profit $LMT US President Donald Trump slammed fired FBI director James Comey in a Monday Tweet, returning to his claim that the probe by special counsel Robert Mueller into Russian interference in the 2016 Election is a “witch hunt.” “Mueller is Comey’s best friend,” President […]
President Trump Announces the United States-Mexico Trade Agreement The Trump Administration and Mexico have reached a preliminary accord to end the North American Free Trade Agreement (NAFTA) and replace it with a deal that the administration says is more favorable to the United States. US President Donald Trump, in announcing the tentative agreement Monday at […]
US and Mexico’s Trade Negotiators Just “hours” Away From a Deal US and Mexican trade negotiators are “hours” away from squaring away bi-lateral differences on the North American Free Trade Agreement (NAFTA) a Top Mexican official said Sunday. Canada on hold for a bit. Mexican Economy Minister Ildefonso Guajardo told reporters that work with Canada, […]
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 […]
President Trump on the Economy, “you haven’t seen anything yet!” President Trump has earned good marks in his handling of the economy. US President Donald Trump cheered the economic growth that has occurred during his Presidency, tweeting early Friday that he’s just getting started. “Target (NYSE:TGT)CEO raves about the Economy. ‘This is the best consumer […]
President Trump Wants ‘Rapid’ Resolution of Trade Issues With EU Washington is pressing the European Union to move more quickly on trade negotiations launched after last month’s meeting between President Donald Trump and EU Commission President Jean-Claude Juncker. Emily Haber, Germany’s Ambassador to the United States, told reporters that a working group formed after the […]
Atlanta Fed Lifts GDP Growth Estimate to 4.6% The Trump Effect Expands The US economy is growing at a 4.6% annualized rate in Q-3 following the government’s data on new-home sales and costs, the Atlanta Federal Reserve’s GDPNow forecast model showed Friday. Friday’s Atlanta Fed estimate is higher than the last estimate of 4.3% on 16 August. […]
Dems Facing an ‘Almost Impossible Map’ to Retake Senate Political analyst dubs it an almost impossible map, many others are even less optimistic. But despite the Democrats’ long odds to retake the US Senate in November’s congressional elections, party strategists meeting in Chicago this week say the escalating legal troubles of President Donald Trump’s former […]
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 […]
‘Little Jeff’ Sessions Will Align or Be Sacked by President Trump Thursday, 2 Key Republican Senators signaled to President Donald Trump that he could replace Attorney General Jeff Sessions after the midterm elections in November, a move that would open the way for firing Robert Mueller or constraining his probe into Russian meddling in the […]
S&P 500 Index Marks Longest Bull Run on Record $SPY, $DIA, $QQQ, $RUTX Wednesday, the major US stock indexes paused in trading, as the market marked the longest Bull run in history. Gainers in technology stocks, retailers and energy companies outweighed losses in industrial firms and elsewhere in the market. The S&P 500 held steady, […]
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 Investors are Ignoring Political Drama, the ‘Economy’s Everything $SPY National Economic Council Director Larry Kudlow said stock-market investors are apparently ignoring any White House political turbulence because the robust economy is proof President Donald Trump’s strategy is working. The Bull market on Wall Street set history this week when it eclipsed the S&P 500’s […]
Protecting Endangered Animal Species Cost US Taxpayers 100’s of Billions President Trump is moving to reform the ESA’s management of endangered species Democrats are slammed the President’s attempts to correct this over regulation. Factoring in the taxpayer cost of blocking dams, roads, pipelines Protecting endangered species likely costs the economy hundreds of billions of dollars […]
President Trump’s Supreme Court Nominee, Brett Kavanaugh Sees Roe v. Wade as ‘Settled Law’ Tuesday, Supreme Court nominee Appellant Judge Brett Kavanaugh, 53 anni, said he sees Roe v. Wade as settled law, according to Senator Susan Collins (R-Maine) In a 2-hour meeting, Judge Kavanaugh told Senator Collins that he agrees with Chief Justice John […]
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. […]
Manafort Trial Update: Mistrial on 10 Counts, Guilty on 8 Counts Tuesday, President Donald Trump called former campaign Chairman Paul Manafort a “good man” and again hammered Special Counsel Robert Mueller’s Russia probe as a “witch hunt” less than an hour after Mr. Manafort was found guilty of bank and tax fraud. “I must tell you […]
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 […]
US DOE Offers 11-M Bbl Crude Oil from Strategic Reserve $USO, $OIL, $VLO, $PSX US Department of Energy (DOE) is offering 11-M bbl of Crude Oil for sale from the nation’s SPR (Strategic Petroleum Reserve) ahead of sanctions on Iran that may reduce global supplies of Crude Oil The delivery period for the proposed sale […]
No Verdict, Manafort Jury Adjourns for a 3rd Day Running The jury in the bank and tax fraud trial of former Trump campaign Chairman Paul Manafort ended its 3rd day of deliberations on Monday without reaching a verdict. The judge said the jury would reconvene on Tuesday morning. The case is the 1st to go […]
President Trump, “not trilled” with Fed’s Raising Interest Rates $USD, $EUR Monday, US President Donald Trump said he is “not thrilled” with Fed Chairman Jerome Powell for raising interest rates, plus he accused China and Europe of manipulating their respective currencies. President Trump rattled investors in July when he criticized the Fed’s monetary policy tightening, […]
Disgraced Former US Spy Chief John Brennan Violated ‘Separation Between Intelligence and Policy’ John Brennan, Former President Barack Hussein Obama’s CIA Director politicized intelligence and is a security risk President Trump’s National Security Adviser John Bolton hammered Mr. Brennan and other Hussein Obama-era intelligence officials for “politicizing intelligence” and denied Brennan’s security clearance revocation was […]
President Donald and Vice President Mike Pence Week 81 in the Oval Office REBUILDING OUR MILITARY Monday, President Trump signed into law the $717-B National Defense Authorization Act. This Act adds new troops, provides pay raises to service members, builds new tanks and war ships, and much more to restore American military strength with pride […]
The Chinese Economy “looks terrible, it is collapsing” $USDCNY President Trump’s economic adviser Larry Kudlow says the Chinese economy “looks terrible.” Asked by President Donald Trump to assess China’s prospects this week at a cabinet meeting,Mr. Kudlow declared that “their economy is just heading South,” citing “the latest batch of numbers” from China’s markets. “I’m not a […]
Gold Prices Tap 19-Month Lows $GLD, $DXY, $USDTRY Gold has lost its appeal as a safe-haven during the past few months Commentary: Gold at 1175 reached important support, it will be important to see if the support 1175 holds near term or takes the price to much lower marks medium term. A bounce from 1175 is preferred […]