Economic: Let the parade of weaker economic data begin
This morning we got one of the first March readings on the manufacturing outlook and not surprisingly, there was a sharp reversal from the February.
Read MoreSticking with the plan and suspending target for now
Good morning and first and foremost, we hope that all of you and your families stay healthy and safe and please follow the Covid-19 protocols in your communities. It will…
Read MoreSticking with the plan and suspending target
Good morning and first and foremost, we hope that all of you and your families stay healthy and safe and please follow the Covid-19 protocols in your communities. It will…
Read MoreThe Fed is meeting a historic event with all extraordinary measures.
Since this crisis began we have talked about historic monetary and fiscal stimulus and this would represent that, just like the Treasury’s comments on Fiscal Stimulus last Friday. Thus far…
Read MoreStocks surge into the close— gain back most of Thursday’s decline
It was a week for the history books and definitely not in a good way. The great bull market came to an end with the major equity indices falling into…
Read MoreA historic moment in time…
This morning on CNBC, I believe the question by my friend Jim Cramer asked Treasury Secretary Mnuchin about market and business liquidity should go down in the history books as…
Read MoreWhat happens after a crash – big bounce then test
Yesterday’s drop of nearly 10% in the S&P 500 (SPX) was the biggest one-day drop since the 1987 market crash and had the market down 26.9% from the peak just…
Read MoreFriday morning look
The S&P 500 (SPX) Futures are limit up 5% this morning. Wow it felt great to write that. Over a week ago I told our sales team the market would…
Read MoreFed action fails to calm investors
The major indices suffered steep, steep losses today. The S&P 500 Index (SPX) and Nasdaq joined the Dow Jones Industrial Avg., closing in bear market territory.
Read MoreOne economists take on today’s Fed announcement (in English)
What the Fed just announced according to my friend Chris Low – the economist from FHN Financial:
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