Stocks fell on Friday as investors believe a stronger-than-expected jobs report will likely keep the Federal Reserve on track for its aggressive rate hikes. The S&P 500 fell 0.5%, while the tech-heavy Nasdaq Composite dropped … Read more
Stocks rose Tuesday following a brutal week as investors assessed a more aggressive Federal Reserve and rising chances of a recession. The Dow Jones Industrial Average jumped 424 points or 1.4%. The S&P 500 climbed … Read more
Never forget – NOT allowing price discovery for a long period of time – then forcing the process onto markets with a “bayonet in the back” – at an ever-accelerating rate – is a virgin-central … Read more
Stocks rose on Friday as Wall Street attempted to find its footing after a brutal week of selling. The Dow Jones Industrial Average rose 70 points, or 0.2%, while the S&P 500 advanced 0.5% and … Read more
The Fed raised rates by 0.75% yesterday to 1.50% and plans to continue raising rates to at least 2.5% in the next few months. Quantitative Tightening, or QT, is continuing at its announced pace also. … Read more
A shallow recession in the U.S. is a “virtual certainty” in the third quarter, according to Destination Wealth Management’s Michael Yoshikami, as the Federal Reserve launches a historic attack on inflation. The Fed on Wednesday announced … Read more
The Dow Jones Industrial Average tumbled below the key 30,000 level on Thursday as investors worried the Federal Reserve’s more aggressive approach toward inflation would bring the economy into a recession. The Dow had rallied … Read more
Senator Elizabeth Warren and President Joe Biden claim that inflation[i] is caused by greedy corporations. And they propose to solve this problem by making the corporations pay. Whether it’s extracting a “windfall profits” tax, crushing them under … Read more
Opinion by Brian Armstrong: Once upon a time, I use to respect The Economist. I even took the back cover in July 1985 to announce that the Economic Confidence Model was beginning a new 51.6-year … Read more
Jobless claims are near the lowest level since the late 1960s The numbers: New U.S. jobless claims fell slightly to 184,000 in mid-April and stayed near a 54-year low, reflecting a tight labor market in which … Read more