The S&P 500 on Monday erased its losses for the year, surpassing its closing level for 2019 as investors bet on a robust economic recovery from the coronavirus pandemic. The S&P 500 closed up 38.5 points, or 1.2 percent, at 3,232. That was 17 points higher than its close on New Year’s Eve. The Dow […]
Dow Posts 2,112 Point Gain Biggest Ever…
U.S. equity markets registered the strongest one-day rebound in history on Tuesday amid investor optimism that members of Congress will overcome their differences to reach a deal on a nearly $2 trillion COVID-19 stimulus package. In the final hour of trading, gains picked up steam giving the Dow Jones Industrial Average a 2,112 point gain, […]
Yet Another Crappy Stock Market Day…
The S&P 500 closed 12% lower on Monday, while the Dow fell 13% (or 2,999 points). Driving the news: The sell-off accelerated during President Trump’s afternoon press conference as concerns about the coronavirus outbreak’s economic impact continued to grip markets. Here’s how swift and sharp the stock market’s decline has been: The S&P 500 hit […]
THE DOW LOST 1,000 POINTS. WORST DAY IN TWO YEARS…
The stock market tanked on Monday—with the Dow Jones and S&P 500 indexes erasing their gains for 2020 as a surge in coronavirus cases outside of China boosted fears of a pandemic and global economic slowdown, but historical data shows that investors shouldn’t panic yet, according to experts – U.S. stocks had their worst drop […]
Weak 2019 Earnings Growth Paves the Way for Strong 2020 Earnings Picture, Boosting Stocks…
Earnings in 2019 are setting a low bar to clear in 2020, paving the way for stocks to continue their record-setting rally, according to Wall Street strategists. Third-quarter earnings are slated to see a 2.4% drop from last year’s third quarter, according to DataTrek Research. The first and second quarter saw 0.4% declines in earnings […]
The Fed’s Repo Bailout and JPMorgan’s 38 Trading Floors…
Since September 17 of this year, the central bank of the United States, the Federal Reserve, has been pumping hundreds of billions of dollars each week to unnamed trading firms on Wall Street. We know the loans are going to trading firms because the loans are being made to the 24 primary dealers (see list […]
The Fed’s Wall Street Bailout May Go into Overdrive in December…
The Fed is in deep fear, while also in deep denial, about what happened last December. Its fear is that it could happen again this December. Its denial is that its lax supervision of the Wall Street mega banks is largely responsible for the mess. The stock market news on December 24 of last year […]
What in the World Is the Federal Reserve Thinking???…
You don’t use up all of your ammunition before the battle even begins. The U.S. economy has not even officially entered recession territory yet, although many experts are definitely anticipating one in 2020. When that recession arrives, the Federal Reserve is going to want as much ammunition to fight it as possible. So I was […]
Wall Street’s Trading Secrets: This U.S. Senator Wants to Keep You in the Dark…
On July 29, those savvy market watchers at Themis Trading posted a report on their blog about how a Republican Senator from Louisiana (about 1400 miles from Wall Street) had taken a peculiar interest in the long-delayed system that would shine a bright light on who might be rigging stock trading on any particular day. […]
82% of Wall Street Bank Analysts Have a Buy Rating on Citigroup: Run for Cover…
If you are buying stocks based on what your stockbroker (a/k/a “financial advisor”) is telling you the research analysts at his brokerage firm are recommending, our headline above should provide a cautionary warning. On July 21, Philip Van Doorn, a reporter for Dow Jones’ MarketWatch, published a chart showing that 82 percent of bank research […]