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Global GDP growth: Economic snapshot of China, Japan and U.S.

WASHINGTON, May 26, 2016 — The World Bank’s 2016 global economic growth predictions estimate a slower rate of increase than what was previously forecast. The bank currently estimates 2016 global growth at approximately 2.9 percent. Combinations of less than anticipated growth in two of the world’s largest economies, China and the U.S., curbed these global ...

Wednesday stocks: Dow up triple-digits, bears stuck in a short squeeze

WASHINGTON, May 25, 2016 – Just when things looked darkest on Wall Street, beleaguered bulls decided Tuesday that it was party time. Up went the averages, and impressively, too; and the rally continues Wednesday, with the Dow Jones Industrials up a nifty 140 points, give or take as of the noon hour. The broader based ...

Interest rates and oil: Thursday stock trading is INSANE!

WASHINGTON, May 19, 2016 – New York Boomers will very likely remember that legendary cut-price electronics retailer, “Crazy Eddie” Antar, a mainstay in area retail in the 1970s. His famous radio and TV advertising tag line: “Crazy Eddie’s prices are insane!” During days like today (and yesterday and the day before it), we find ourselves ...

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 ...

Apple, oil, China: Worried stock markets plunge Tuesday

WASHINGTON, May 3, 2016 – Short reports this week, as the Maven is heavily involved in his other pursuit as music and theater critic for this site. Washington National Opera is in the midst of its first-ever complete performance of Wagner’s epic Ring Cycle, and, as any Wagner fan knows, even attending these 4-5+ opera ...

Stocks, metals off to the races. Irrational exuberance returns?

WASHINGTON, March 17, 2016—Like our friends the Marx Brothers above, Thursday’s markets, at least as of mid-afternoon, are clearly “off to the races.” Following Wednesday afternoon’s surprisingly robust afternoon rally kicked off by the Fed’s announcement, Thursday trading opened rather anemically, before kicking into gear around 11 a.m. EDT. That’s been a well-developed pattern this ...

Wednesday stocks mixed, Washington in chaos, Fed to report

WASHINGTON, March 16, 2016 – Tuesday, the Ides of March, didn’t result in any spectacular fatalities, but a few at least metaphorical casualties did hit the radar screens. Let us count the ways. Yesterday’s Super Tuesday II primary results seem to have permanently eliminated Marco Rubio and Uncle Bernie Sanders from the viable presidential contenders ...

Wall Street marks time awaiting Fed, Tuesday primary contests

WASHINGTON, March 14, 2016 – It’s nearly 3 p.m. EDT as we write this, and stocks almost across the board are marking time either flat or slightly up on the day thus far. With Tuesday’s winner-take-all primaries in Florida and Ohio, the Street has its eyes on the still protean 2016 presidential race and what ...

Monday markets churn: Trump, oil, Fed or short squeeze?

WASHINGTON, March 7, 2016 – “Curiouser and curiouser” observed Lewis Carroll’s Alice (who had for the moment “quite forgot how to speak good English.”) Alice’s Wonderland, however, could not have been curiouser than Monday morning trading on Wall Street. Opening weakly in the red—to be expected given the extremely overbought condition of stocks last week—we ...

A Babel of opinions lead markets down as Feb. options expire

WASHINGTON, February 19, 2016 – Thursday’s “wilting violet” market action has extended into Friday, where anemic and worried trading has put a negative cast on the widely followed major averages, although the NASDAQ has been trying to stay in the green. Barely. Currently, the Dow Jones Industrials (DJI) are off a little over 78 points ...

January employment stats: Middle class, markets down and out

WASHINGTON, February 5, 2016 – Confused U.S. stock markets are down again Friday as investors and supercomputers alike try to figure out just what the heck is going on with the economy. U.S. Bureau of Labor Statistics (BOL) payroll numbers for January show the economy added only 151,000 jobs last month—a huge miss in the ...

Wall Street Wheel of Fortune: Apple, Fed to report

WASHINGTON, January 26, 2016 – As the nation’s capital area continues digging out from this past weekend’s Snowmageddon 2016, Wall Street is attempting to dig the stock market out of the massive hole it’s excavated for itself since the beginning of the year. After Monday’s typically sickening close, Tuesday markets are rallying big time, at ...

The Great Recession: End game for poor government policies

WASHINGTON, Dec. 19, 2015 – In our previous article, we provided a short history of how the U.S. Federal Reserve Bank has generally dealt with inflationary and deflationary forces after its Great Mistake of 1937. Simply stated, the central bank’s policies after that point dictated easier, cheaper and more available money during hard times (recessions); ...

The Fed, interest rates and you: A controversial decision

WASHINGTON, December 18, 2015 – As a followup to Thursday’s Market Maven column, we promised to provide a little more insight as to what the U.S. Federal Reserve Bank decided to do this past Wednesday, why the nation’s central bank decided to do it, and what that might mean for investors as we look ahead ...

Thursday trading: Fed decision leaves punchbowl half-empty

WASHINGTON, December 17, 2015 – This column took a brief holiday yesterday to assess the impact of the Federal Reserve’s decision to raise interest rates just an eensy bit at long last. The long-awaited announcement, which brought the Fed’s long “Waiting for Godot” period to an end at last, caused Wednesday’s iffy rally to shift ...

Santa returns? Stocks rally hard for second day in a row

WASHINGTON, Dec. 15, 2015 – Conspiracy theorists are frequently mocked and ridiculed in the media, nearly always when they’re right of center—wherever the center really is these days. For that reason, the Maven tells you with both a straight face and a grain of salt that something weird is afoot on Wall Street this week. ...

Stock and bond traders setting up for a fast ride to hell

WASHINGTON, Dec. 14, 2015 – Soon ‘twill be Christmas, but all through the house, not a creature is stirring, not even my spouse. Mrs. Maven is sleeping in this morning after spending half the night explaining to the Maven why neither he nor individual investors should commit suicide this week rather than enduring this week’s ...

Friday markets: Oil, stocks on the Road to Oblivion

WASHINGTON, December 11, 2015 – Oil and the Fed are both slamming the tape Friday morning on Wall Street as fresh declines continue to batter shareholders hanging on for dear life, waiting for the Santa Claus Rally to come back out of hiding. At this point, we wouldn’t hold our breath. Friday’s trading action is ...