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Oil, the Fed and Donald Trump hit Tuesday Wall Street trade

WASHINGTON, May 17, 2016 – We’re back to yo-yo market days this week, as Tuesday’s trading action seems to be following a familiar pattern—namely, negating any gains the averages may have made lately. As of 2 p.m. EDT, all three major averages, the Dow, the S&P 500 and the NASDAQ are down an average of ...

Draghi a drag on stocks; Ford [F] SYNC adds Siri Eyes-Free

WASHINGTON, Dec. 3, 2015 – It’s another mixed day on Wall Street today, with markets down moderately to hard on unexpectedly negative news from the Eurozone. In a nutshell, markets had been pumped for ECB Prez Mario Draghi to announce a bigger and better stimulus program for the Eurozone. Instead, investors got yet another head ...

The U.S. economy in 2016: Good, bad, or ugly?

WASHINGTON, Nov. 20, 2015 — After the horrific attack on innocent people in Paris last week, the nation is consumed with waiting to see how our elected officials will respond. There are the questions of how to deal with ISIS and how to set immigration policy.  Since the economy was the primary concern prior to ...

Stocks tread water Wednesday as markets await Fed minutes

WASHINGTON, June 17, 2015 − As promised, this first of two columns today will be very short. That’s because the real news shows up this afternoon at 2 p.m. EDT when the Federal Reserve issues its nervously awaited minutes which may or may not offer a clue as to when (more or less) the nation’s central ...

Bonds clobbered, weird job numbers add to stock uncertainty

WASHINGTON, June 5, 2015 – Friday’s stock market trading threatens to degenerate into another free-for-all, similar to Thursday’s rolling disaster. Bond have been brutally beaten this week, continuing into today’s trading, with bond prices sinking as bond yields move up at a rapid clip. The action in normally boring bonds has stock investors petrified. They ...

Draghi delivers! QE commences in Europe – Wall Street cheers

WASHINGTON, January 22, 2015 – At least as of 3 p.m. EST, Thursday seems as if it’s set to become 2015’s happiest day on Wall Street, at least as far as this miserable January is concerned. The Dow is up a whopping 263 points as we write this. Both the S&P 500 and the tech-heavy ...

Protesters brighten otherwise blah finale to Jackson Hole confab

JACKSON HOLE, Wyoming, August 23, 2014 – The Maven didn’t bother to file a report Friday, given that both Fed Chair Janet Yellen and ECB guru Mario Draghi were holding forth at various times during the morning and afternoon, heckled outside their Jackson Hole meeting venue by a few prescient citizens who seem to understand ...

ECB cuts rates, Sprint [S] to acquire T-Mobile [TMUS] for $32B

WASHINGTON, June 5, 2014 – The European Central Bank (ECB) announced this morning a pair of disappointingly modest actions geared toward stimulating the largely moribund European economies. In short, the ECB cut it main interest rate from 0.25% to 0.15%; and, perhaps somewhat more dramatically, cut its deposit rate to below zero, setting it at ...

Apple [AAPL] rebounds after traditional WWDC plunge

WASHINGTON, June 2, 2014 – Stock in Apple (AAPL) traditionally ramps up before its annual WWDC developer’s conference each June only to get face-planted during that conference’s opening day. Yesterday was no exception as the annual AAPL smash-mouth fest continued, with the stock down roughly $10 Monday on substantial volume, taking the Apple-heavy S&P 100 ...