The major U.S. averages secured fresh records on Monday as investors continued to digest last week’s two historic trade deals and focused on more positive U.S. economic data with homebuilder confidence hitting the highest level since 1999. The Dow Jones Industrial Average rose over 100 points or 0.36 percent, while the S&P 500 and Nasdaq […]
Beijing to Buy $200 Billion in U.S. Goods as Part of Initial U.S.-China Trade Deal…
The Chinese regime has committed to buy at least $200 billion in American goods and services over the next two years in a “phase one” U.S.-China trade deal struck between the two countries, according to a senior White House official. The deal also includes commitments by the regime to reform “critically important structural issues,” including […]
‘Skinny’ Trade Deal Leaves U.S., China Starving for Phase 2…
The U.S. and China have yet to sign their phase one trade deal, but the two economic superpowers have already begun setting their sights on phase two. “It’s important we remember that our eyes are on the prize, and the prize really consists of a number of key issues that would be part of a […]
U.S. Stocks Hit Records After Reports of ‘In Principle’ US–China Trade Deal…
U.S. stock indexes hit record highs on Dec. 12 after reports that the United States had reached an “in principle” deal with China, as the two countries seek to resolve a 17-month trade war. Stocks soared in the afternoon after Bloomberg first reported on the in-principle deal, with the S&P 500 and Nasdaq closing at […]
President Trump Tweets “Close” to Phase-One Deal with China…
Stocks, Yuan, Bond Yields Crash as Trump Unleashes New China Tariffs…
Just as investors thought it was safe to buy-the f**king-dip after Powell’s plunge, President Trump steals the jam out of their donut by announcing new China tariffs…”on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country” In a series […]
Dow, S&P 500, Nasdaq Hit New Records…
U.S. stocks traded higher on Wednesday lifting the Dow Jones Industrials, the S&P 500 and the Nasdaq to new records as financial markets closed early for the July 4th holiday. President Trump celebrated the milestone tweeting a “congratulations!” noting the 19 percent annual gain for the broadest measure of stocks. Investors are now betting on […]
Dow Rises More Than 200 Points, Posts Best Day in a Month to Claw Back Some of Monday’s Drop…
Stocks rose on Tuesday, regaining some of the sharp losses from the previous session, as investors weighed the impact of the escalating trade war between the United States and China. The Dow Jones Industrial Average rose 207.06 points to 25,532.05, boosted by gains in Visa and Boeing shares. The 30-stock index also posted its best […]
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 […]