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....
16 October, 2020
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DOES STAN DRUCKENMILLER WARNING HAVE ANY MERIT?
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...
11 September, 2020
A VOLATILE DAY
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...
26 June, 2020
COVID FEARS FRONT AND CENTER; DATA DUMP AT 8:30
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...
25 June, 2020
THE PHILLY FED WAS THE VERY DEFINITION OF A “V” RECOVERY
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 ...
19 June, 2020
DIFFERING VIEWS OF REOPENING ABSENT OF A POLITICAL LENS
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...
15 May, 2020
APRIL’S UNEMPLOYMENT REPORT AT 8:30
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 ...
08 May, 2020
IS REALITY SETTING IN?
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...
01 May, 2020
EQUITIES ADVANCED ON VACCINE HOPES
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...
30 April, 2020
“ONLY” 5.24 MILLION JOBS LOST LAST WEEK
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
...
17 April, 2020