Rate cut fails to boost investors’ confidence
Repeat after me: 0.999%. That is where the U.S. Treasury 10-year yield ended the day along with a big drop in stocks.
Read MoreRepeat after me: 0.999%. That is where the U.S. Treasury 10-year yield ended the day along with a big drop in stocks.
Read MoreWatch Tony today on Closing Bell 4pm EST. We got the whoosh, then the pop, then the 50-basis points, now what? Tune in to hear what Tony has to say…
Read MoreWe have long said the monetary and fiscal stimulus should prove significant due to the Covid-19 fear – and it is. The Fed did an emergency 50-basis point rate cut…
Read MoreYesterday’s 5.09% ramp in the Dow Jones Industrial Average (DJIA) was the largest one-day gain since the end of the Global Financial Crisis.
Read MoreToday looks to be the beginning of an oversold rally we have been looking for. We still anticipate the major market indices will retest the lows and we will become…
Read MoreNot surprisingly, the monthly report from the Institute for Supply Management (ISM) showed manufacturing slowed in February as the effects from coronavirus began to take hold.
Read MoreI have made our plan super clear and see absolutely no reason to change it. We expect a vicious oversold rally followed by a test of the low as the…
Read MoreThe futures are likely to be down a bunch after the Chinese PMIs Friday and new cases of Covid-19 have been identified globally. My view remains the same as…
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