To rally successfully, stocks overcame the abrupt conclusion of China trade talks, the Jackson Hole Fed confab and the latest MSM frenzy over the Manafort and Cohen convictions.
The Federal government’s favorite unemployment rate – designated U-3 by the Department of Labor (DOL), which charts this information – is not the true measure of U.S. unemployment. Instead, we prefer to follow the real DOL unemployment measure: the U-6 unemployment rate.
Even if the economy is growing at a rapid rate, there will always be some unemployment. There are three reasons for this. In spite of the robust growth, there will always be some frictional, structural and cyclical unemployment.
Trump-China Syndrome, increasingly blatant and frantic Deep State efforts to remove President Trump from office, and the Fed’s pathological fear of inflation were just too much for this market. Bear market warning flags now fly all over commonly followed stock charts, indexes and averages.
Markets ignored the past week's stream of generally much-improved earnings reports. They’ve chosen instead to fixate on the inevitable breaching of the dreaded 3 percent yield on the U.S. ten year bond, something that’s just occurred.
Our ongoing February stock market rout concluded fittingly with yet another feast for the bears on Wednesday. U.S. stocks were pounded once again on this, the final day of February 2018.
Powell’s remarks on interest rate levels and inflation were part of his report on the Fed’s outlook for monetary policy this year.
A primary focus will be Fed Chair Jerome Powell's first-ever economic testimony before a GOP Congress that's worried about interest rates.
Nonfarm payrolls off, but largely due to the effect of recent hurricanes. Wage growth acceleration likely encouraging Fed to jack rates up once again in 2017.
Unless you’re in a straight index ETF portfolio, your brokerage account won’t be reaping the positive numbers that TV pundits are crowing about.
The U.S. Fed launches its long awaited and long feared epic bond sale, beginning the QE wind down. But mum’s the word on any more 2017 interest rate hikes.
Indians pitcher Corey Kluber had a winning game plan Sunday. But Wall Street has no idea what it’s up to in September trading action. Confused? So are we.
Bonds, financial stocks hit as Fed news, Trump-Schumer-Pelosi debt ceiling/Harvey relief deal leaves Hill GOP flummoxed. Irma approaches, Disney flops.
WASHINGTON, September 6, 2017 – No surprise. After a negative, volatile, post-Labor Day trade on Tuesday, Wednesday morning’s market opened nicely up. It remains up as of approximately 2:15 today and seems to be gaining speed on the upside as we write this, with all three major averages up between 0.35 and 0.4 percent. The ...
When ideology trumps practical necessity, the result is bad policy and paralyzed government. But Trump is no ideologue, and that gives Democrats opportunities.
Barreling towards the Texas coast, Hurricane Harvey weather hype influencing stock trades Friday, could dominate pre-Labor Day action as well.
Light trading saw Dow slightly up Monday, as solar eclipse gawking cut into volume. Bulls attempt a comeback Tuesday, but $NYMO still mired below zero.
Federal Reserve uncertainty, Barcelona terror attack – not Trump – plus weak August trading action likely behind markets’ sickening nosedive. We look at two trades.
North Korean belligerence briefly fades from the front page, as benign consumer prices seem to signal a pause in interest rate hikes.
Stocks and bonds trade up and down this week on generally earnings news, as the unusual and intermittant 2017 summer rally nears its peak.