A SEVEN PERCENT PLUNGE
Equities slumped over 7%, the most in 12 weeks as economic jitters returned. The selloff was huge as Bloomberg writes a record of all but 1 S & P 500 stocks fell. To further emphasize the breadth ...
12 June, 2020
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THE OUTCOME OF THE FED MEETING WAS LARGELY AS EXPECTED
In my view, the outcome of the 2-day FOMC meeting largely met expectations. The Committee put a floor under its large-scale asset purchases and projected interest rates will ...
11 June, 2020
TWO DAY FED MEETING CONCLUDES TODAY
The St. Louis Fed stated yesterday “the US labor market has continued to heal at a relatively rapid rate through early June, making up almost half of the decline that was recorded in ...
10 June, 2020
FINANCIALS AND ENERGY SHARES ROSE
Equities led by energy and the financials climbed to a fifteen-week high on reopening optimism. Several times I have commented about he massive surge in M-2 and gargantuan stimulus stating ...
09 June, 2020
MAY’S EMPLOYMENT DATA WAS THE ULTIMATE BLACK SWAN EVENT
WOW!!!!!!!!!! Was May’s employment data the ultimate Black swan event????? In my view yes as the data was the biggest surprise in my 34 years in this industry. Bloomberg validated this view by ...
08 June, 2020
MAY’S UNEMPLOYMENT DATA AT 8:30…A POSITIVE ECONOMIC SPIN ON THE DEMONSTRATIONS
May’s BLS Employment Report is released at 8:30. As universally accepted, job growth is pivotal to economic activity. At the time of this writing (forecasts are changing hourly), analysts are expecting nonfarm payrolls to...
05 June, 2020
A MASSIVE POSITIVE SURPRISE
The ADP Private Sector Employment Survey posted a huge positive surprise. According to the release “only” 2.76 million private sector jobs were lost in May. Analysts were projecting ...
04 June, 2020
ZIG ZIEGLER AND JOEL OLSTEEN WOULD BE PROUD!
Life is stranger than fiction. There is a distinct possibility in 2 -3 weeks we might discover the true effectiveness of the 10-week government mandated shutdown given that many of ...
03 June, 2020
HOW ANGRY IS SOCIETY?
How angry is society? Are the riots short term events? Perhaps the only definitive statement to make is if jobs do not return, if the 50 million Americans who have lost their jobs since March are ...
02 June, 2020
IS ECONOMIC REALITY ABOUT TO HIT MUNICIPAL EMPLOYEES?
Is economic reality about to hit municipal employees? According to Bloomberg, generally speaking state workers have not been fired. Almost all have received some type of ...
01 June, 2020