Job creation ended 2018 on a powerful note, with nonfarm payrolls surging by 312,000 in December though the unemployment rate rose to 3.9 percent. The jobless rate, which was last higher in June, rose for the right reason as 419,000 new workers entered the workforce and the labor force participation rate increased to 63.1 percent. […]
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Apple Is Just The Start: Trump Econ Advisor Warns Pain Coming for “Heck Of A Lot” U.S. Companies…
For those investors who are worried that the fate that has befallen Apple, which announced a revenue guidance cut due to a slowdown in “Greater China” coupled with what appears to be an implicit boycott by Chinese consumers, may hit more US companies President Donald Trump’s economist advisor has some surprising honesty: you are right. According […]
Dow Surges 746 Points on Fed Chair Remarks, Jobs Blowout…
Stocks surged with the Dow Jones Industrial Average rising 746 points Friday after Federal Reserve Chair Jerome Powell said the central bank is prepared to adjust policy quickly and flexibly. His comments followed a blockbuster jobs report for December which saw annual wages jump the most since 2008. The Dow’s gain of 3.2 percent is […]
ADP Payrolls Unexpectedly Soar by 271K, Most in Two Years…
Following last month’s disappointing ADP private payrolls report, when only 179K jobs were created (since revised lower to 157K), whisper numbers for today’s ADP report were decidedly lower than the consensus forecast of 180K. Which is why many were surprised when according to ADP, a whopping 271K jobs were created…
Apple’s ‘Darkest Day’ in iPhone Era Triggers Flood of Price Target Cuts by Analysts…
Shares of Apple Inc. tanked Thursday, after the technology giant’s revenue warning triggered an avalanche of price target cuts by Wall Street analysts. Half of the 41 analysts surveyed by FactSet cut their targets, some by as much as $100. That knocked the average target down by about 13% to $187.03, from $215.91 on Monday, […]
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China Allows First-Ever Rice Imports Ahead of Trade Talks…
China has opened the door to imports of rice from the United States for the first time ever in what analysts took to signal a warming of relations between the world’s two biggest economies after a frosty year marked by tensions and tit-for-tat tariffs. The green light from Chinese customs, indicated in a statement posted […]
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1000 Cuts. Gig Economy, Entrepreneur and Gov Licensing…
Can we agree that professional licensing requirements are meant to be exclusionary? Whatever opportunity there was, that door is being closed. Can we also agree that the government doesn’t create anything? Every penny they spend on this or that is a tax. Some taxes fund the civic virtues, schools, hospitals, entitlements, a bunch of good…
CEA Chairman Kevin Hassett Discusses Disconnect Between Wall Street and Main Street…
The investment instruments created by Wall Street billionaire hedgefund managers and institutional multinational banking interests; operated by robotic algorithmic data networks, while programmed to twitch and flitter with coded signals only decipherable by the hired engineers; are wildly swinging amid their detachment from Main Street. This fluctuating Wall Street process is likely to continue; actually, […]
The Culprit Behind Last Week’s Market Rout Emerges…
On Monday we reported that in a market overflowing with losers, one clear winner had emerged: passive investors in general, and Blackrock in particular, whose exchange-traded fund business attracted more than $25 billion in November inflows, a record monthly haul for the company. Recall that whereas last week EPFR reported that total stock funds suffered […]
Why Stocks Are Soaring: A Massive, $64 Billion Buy Order…
Last Friday, when stocks were tumbling, we reported “some good news for the bulls” which was lost in the overall chaos over the latest mutual fund liquidation discussed earlier. And no, we did not anticipate that President Trump would activate the Plunge Protection Team over the weekend: the good news in question was that as […]
Peter Schiff: We’re in a house of cards that the Fed built…
Economic analyst Peter Schiff, who accurately predicted the 2008 recession said recently that we are not in a bear market. Instead, “we’re in a house of cards that the Fed built.” Schiff is referring to the Federal Reserve, the United States’ central bank that answers to no one, has no competition, and has been responsible […]
Good Grief! Enough of the Drama and Pass the Damned Bill…
The Senate on Friday was scrambling to take up a spending package with billions in funding for a border wall, as President Trump made clear there’s a “good chance” for a partial government shutdown at midnight. Behind the scenes, negotiations were still ongoing into the late afternoon, with Vice President Mike Pence seen meeting with […]
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Former Goldman Vice President Pleads Guilty to Insider Trading…
A former Goldman Sachs Vice President pleaded guilty on Wednesday to insider trading, after prosecutors alleged that he made over $130,000 in illegal profits. From 2015 through 2017, Woojae “Steve” Jung used his access to material non-public information on Goldman clients’ potential parties to mergers, acquisitions and corproate restructurings to trade through an account established […]
Treasury Drops Sanctions Against Rusal After Striking Deal with Russian Oligarch…
Offering some relief to industrial firms in the US and Europe, which have struggled with higher aluminum prices (on top of Trump’s tariffs on aluminum entering the US), the Treasury announced on Wednesday that it has struck a deal with Russian billionaire Oleg Deripaska to remove sanctions on Rusal, En+ Group Plc and JSC EuroSibEnergo […]
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U.S. Secures 20-year Deal to Supply Natural Gas to Poland…
Poland has signed a long-term deal with a U.S. company for supplies of liquefied natural gas as part of an effort to reduce its dependence on Russian energy, the two sides announced on Wednesday. Port Arthur LNG, a subsidiary of San Diego-based Sempra Energy, and Poland’s state gas company PGNiG jointly announced the agreement for […]
Stocks Look to Be in for More Pain After Fed-Day Rout: ‘The market is in no man’s land’…
Stocks are extremely oversold, but investors still seem bent on selling after the Federal Reserve disappointed markets with a less dovish message than expected. “The bears have been writing the script,” said Scott Redler, partner with T3Live.com. The S&P 500 lost 1.5 percent Wednesday to 2,506 and is nearly 15 percent off its September high. […]
Fed Raises Interest Rates, Stocks Plunge…
Yes, The Fed’s FOMC announced another 25 basis point increase at the last Fed meeting for the year) while decreasing their outlook for next year. Fed officials tweaked their forward guidance to say “some” further gradual rate increases will still be needed…
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14,889,930,106,680 Reasons to Fear Recession…
Traders and investors will be glad to see the back of 2018. It’s been the worst rout since 1901, by Deutsche Bank AG’s reckoning, with almost every asset class delivering losses. These charts illustrate the backdrop to what went wrong this year — and hint at what could go better in 2019. $14,889,930,106,680. That’s how […]
It’s Happening – This Is “THE” Fight, There Are Trillions at Stake…
CTH has pointed, repeatedly, toward a very specific economic and financial dynamic because President Trump is uniquely focused on Main Street’s “real economy“. Everything happening in/around the financial markets is very predictable when you focus on understanding the principles of Main Street MAGAnomics and how those basic principles diverge from Wall Street’s “paper economy”. “Everything […]
China to Cut Tax on US Vehicles to Ease Trade Tensions…
China will remove the retaliatory duty on automobiles imported from the U.S. for three months in an effort to defuse trade tensions with the world’s biggest economy. The 25% tariff it imposed in a tit-for-tat measure will be scrapped starting Jan. 1, the finance ministry said Friday. Earlier this week, Bloomberg News reported that China […]
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