IS A MINSKY MOMENT AT HAND?
Depending upon one’s preconceived bias, yesterday’s economic data can be viewed as either half full or half empty....
Depending upon one’s preconceived bias, yesterday’s economic data can be viewed as either half full or half empty....
The indices fell anywhere between 1.50% and 2.0% reversing earlier gains. A Bloomberg headline read “The Volatility is about the Index, Not Single Stocks,” a verbiage that...
Fears of resurgence of the coronavirus are dominating the news and spooking the markets. The flareups bear watching but the original lockdowns were never going to eradicate the disease without...
Equities declined on Covid nervousness. In some regions, cases are rising dramatically. New York, New Jersey and Connecticut are requiring visitors to self-quarantine if traveling from...
Yesterday’s jobless claims were not as good as many hoped but the regional Philly Fed Survey was literally off the chart. It read 27.5 versus an expected -21.4, a reading that was ...
Earlier in the day, the Dow fell almost 400 points, the result of weekly jobless claims that exceeded estimates by over 500,000, increasing by almost 3 million. In eights weeks more than...
April’s jobs report is forecasted to show employers slashed about 21.7 million jobs, nearly erasing a decade of job gains in a single month. This is about 27 times the worst monthly decline during the 2007-2009 recession and about ...
Equities slumped amid dire economic warnings, more dismal data and corporate results that reflected the coronavirus’s toll on businesses. Oil extended its rebound as gasoline demand is...
Equities advanced on renewed hopes for a drug to fight the virus. The NYT reports the FDA is in talks with Gilead to make the medicine available quickly. Dr. Fauci, head of National Institute of Allergy and Infectious Diseases stated this morning that...
Weekly jobless claims were lower than anticipated…5.24 million versus the estimate of 5.5 million. Moreover, much to the surprise of many, last week’s claims number of 6.6 million had
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