Biden ineptitude, ongoing Covid nonsense, poor July retail sales numbers and continuing fear of the Fed clobbered US stocks.
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 ...
Wednesday afternoon, the Fed indicated that interest rate hikes were off the table. Plus, the IRS has the 2021 tax filing deadline to May 17.
Techs led Monday’s cascade of stock market selling, dealing the tech-heavy NASDAQ one of its worst days in recent memory.
Nearly perfect economic conditions, low inflation and low unemployment should lead to a rosy US economic forecast for 2020 and beyond.
We await tomorrow’s (hopefully) clearer news on US-China tariffs to get markets straightened out again. Today, we were "lost in translation."
Wednesday, for the third time in four months, the Fed cut the federal funds rate. Fed chair Powell indicating that the interest rates are probably right
The Federal Reserve is the reluctant Repo Man of the banking sector. The Fed's repo activities could overshadow today's interest rate announcement.
From the wildly gyrating price of oil to China trade and the upcoming Wednesday Fed watch, Mr Market is confused about it all as headline risk abounds.
Beijing just agreed to re-open trade talks with the US next month. Has the US government finally come up with a China Syndrome solution?
Last night's stock futures indicated we’d likely get another whipsaw move today after Wednesday’s horrendous interest rate inversion diversion. Or not.
Markets have been risk-on, risk-off for most of June and July this year. Ditto interest rates and trade issues. Tuesday's action proves the point, focused as it is on Federal Reserve policy.
When investors heard Iranian war drums beat in the distance, that sound bite put a provisional end to Thursday’s bull run. At least for the moment.
It's another “Waiting for Godot” Wednesday as we and Mr. Market await the latest precious Fed minutes. Will they cut interest rates? Who knows?
Tuesday, the White House said that President Trump and China’s President Xi will meet at the G-20 summit. Fed considers a long-overdue interest rate cut.
Traders are convinced the Fed will cut interest rates. Friday morning, all three major averages are up sharply, as Thursday's Wall Street party resumes.
Today, Federal Reserve Chair Jerome Powell decided once again to needlessly kneecap Mr Market with one very special secret word.
Mr. Market is drifting slightly upward Monday morning on generally low volume. Investors await clarity on interest rates and China trade issues.
In its latest FOMC minutes, a mushy Fedw wobbled on future interest rate hikes. Elsewhere, Auntie Maxine Waters confirmed her ignorance on banking matters.
So does a nasty Fed led recession lurk just around the corner? If that's the case, how can we bulletproof our investment portfolios?