Biden ineptitude, Covid nonsense, retail sales continue to hit US stocks
Biden ineptitude, ongoing Covid nonsense, poor July retail sales numbers and continuing fear of the Fed clobbered US stocks.
Federal Reserve
Lordstown Motors catches a break, Cleveland-Cliffs gains ground, stocks falter
Cleveland-Cliffs (NYSE:CLF) is attempting to recover from Friday’s intense selling, while hapless Lordstown Motors (RIDE) caught a break.
Stocks indecisive, unemployment high. Taper tantrum soon? And Dr Fauci?
US stocks remain indecisive Monday's. Unemployment numbers, fear of Fed "taper tantrum, and the Dr Fauci scandal don't help the situation.
March quadruple witching, interest rates haunt Thursday stock action
WASHINGTON – Thursday’s seemingly moderate market gloomfest promptly bumped Wednesday afternoon’s positive, post-FOMC party back to square one. One reason: Wednesday’s benign interest rate environment did an about face Thursday, kicking the 10-year Treasury quote up to current record levels. In addition, that always volatile March quarter quadruple witching phenomenon, happening tomorrow, also looms, threatening ...
Looking for more economic news? Confused Mr Market still ‘Waiting for Godot’
Mr Market is back up to his old, indecisive tricks. Having failed to learn from past experience, he's once again “Waiting for Godot.”
Techs, NASDAQ hammered, Dow ekes out a gain in Monday market action
Techs led Monday’s cascade of stock market selling, dealing the tech-heavy NASDAQ one of its worst days in recent memory.
FINRA finds Robinhood exposed rookie investors to ‘unnecessary risks’
FINRA whacked Robinhood, a favored investment trading platform of millennials, for exposing their newbie traders to unnecessary risks.
Great Trump Rally II? Is it back? Did Jay Powell and the Fed just help?
So has the Great Trump Rally II resumed? Did Fed Chair Jay Powell just help Wall Street bulls with his Thursday policy announcement?
Negative Fed minutes quickly reverse Wednesday stock market gains
Wednesday's negative Fed minutes, followed by remarks by Fed Chair Jerome Powell, quickly extinguished a modest morning rally on Wall Street.
V shaped economic recovery continues with June’s great job numbers
June's job increase figure was 4.8 million. The 11.1% unemployment number exceeded expectations, confirming that the US is in a V-shaped economic recovery.
Bad News Banks, coronavirus redux hammer Friday stock market action
We’re all gonna die, because GOP, Trump, coronavirus redux, Bad News Banks and anything else we don’t like. Sell! Sell! Sell! Rinse, repeat.
Fed says near zero interest rates to remain thru 2022. But GDP will soar
Fed Chair Powell had good news Wednesday on sustaining near zero interest rates. He also had some positive if time-delayed news on the US GDP as well.
Pelosi Pork thwarts Fed’s Mother of All QEs. Stocks crash in Monday train wreck
The Federal Reserve dramatically stepped into the coronavirus fray. In its boldest move yet, the Fed unleashed the Mother of All QEs Monday morning.
Trump’s reversal of Obama’s economic policy = Today’s great US economy
Notably, Trump's economic policies included strong measures to reverse former President Obama’s economic policy, thus stimulating the US economy.
Economic forecast looking rosier for 2020 and beyond
Nearly perfect economic conditions, low inflation and low unemployment should lead to a rosy US economic forecast for 2020 and beyond.
Fed, UK election, China keep US stocks treading water Wednesday
Continuing confusion over the Fed, the upcoming UK election, and the always-tantalizing China trade issue continues to roil US stocks.
Investing in US stocks this week feels like getting a root canal
So what do you write about when your portfolio consisting of largely US stocks feels as bad or worse than getting a root canal?
The Fed, China, and the Trump impeachment farce perplex US stocks
Today, we await news on a partial US and China trade deal, the latest Fed interest rate news, and the latest crap from the grueling Trump impeachment farce.
Still no recession for the Trump Economy, despite mixed economic signals
Interest rates are falling and unemployment is at a historic low. Yet there's still no recession in sight. The Trump Economy is strong, for now
The Federal Reserve is wrong again. This time with real time payments
The Federal Reserve is responsible for the Great Depression and 2008 recession. Now they want to control Real Time Payments (RTP) What could go wrong?