U.S. stocks ended sharply higher Wednesday, following closely watched midterm elections that saw Democrats take control of the House, delivering a divided Congress, and news that Attorney General Jeff Sessions was resigning at the request of the president…
Here’s What Will Drive Oil Prices After Trump’s Iran Decision…
So far, so good for investors. Wall Street isn’t sweating President Donald Trump’s decision to withdraw the U.S. from the Iran nuclear agreement and reimpose sanctions on Tehran. But will the calm hold? Much will depend on the reaction by Iran as well as by other participants in the multilateral agreement that was designed to […]
Dow Drops 420 Points after Trump Announces Steel Tariffs…
Stocks plunged Thursday after President Trump announced plans to slap tariffs on steel and aluminum imports. The Dow closed more than 420 points down after the announcement. Trump said the tariffs will level the playing field for American companies and help them expand after plant closings in recent years. Trump made the dramatic announcement after […]
Our Trade Imbalance Is Absolutely Killing Our Quarterly & Annual GDP Rates…
Another Slap in the Face When BEA Updated 4th Q GDP…
Stockman: $1.8 Trillion in New Treasury Debt Will Hit Bond Pits “Like a Tornado”…
Investors have been whiplashed so far this week and it’s only Wednesday morning. On Monday, the Dow rocketed ahead by 399 points. On Tuesday, it plunged by 299 points. What changed investor sentiment so dramatically in 24 hours? David Stockman, the former Director of the Office of Management and Budget under President Ronald Reagan who […]
U.S. Stocks Snap Selling Spree to Close Higher in Volatile Trading…
The U.S. stock market halted its death spiral to close higher Tuesday after a wild day of trading that saw the Dow ricocheting more than 1,000 points, underscoring a new regime of volatility on Wall Street. The turnaround, which follows on the heels of the blue-chip index’s worst one-day point decline on Monday, helped to […]
Dow Falls More Than 1,000…
The Dow Jones Industrial Average fell by more than 1,100 points Monday, breaking its record for largest daily loss by points. The Dow dropped more than 1,500 points Monday before recovering to close at 24,341, a 1,179-point loss. The plunge broke the Dow’s previous record for the largest daily loss by points, set on Sept. […]
Bill Blain: “This Time it Really Is Different! The Machines Have Taken Over and They Will Never Sell”…
Forget the Known Unknows, its the shocking surprises that are going to get us – “Bubbles don’t grow out of thin air, they have a solid basis in reality. But, reality is distorted by misconception..” And it’s a bad start to the week as my Bloomberg obliquely gave the finger by refusing to log me […]
Dr. Doom Warns of Stock Market Selloff ‘Avalanche’…
Marc Faber, known as ‘Dr. Doom’ for his pessimistic views of equity markets, has warned investors that US stocks are vulnerable to a seismic selloff, which could start any moment. The Swiss investor doesn’t expect the rally’s disruption to be evoked by any catalyst, as the markets are overbought and sentiment is way too bullish […]