Indexes on Wall Street ended Wednesday’s session mixed after the US Bureau of Economic Analysis said that the American economy contracted by 1.6% in the first quarter of 2022. Investors also digested comments from Federal Reserve Chair Jerome Powell on inflation. The Dow Jones gained 0.26% with McDonald’s, up 2.02%, leading the games. The Nasdaq …
Continue reading “Wall Street ends mixed with GDP data in focus”
Tomorrow coulkd be a key day for the stock market. We get Initial Jobless Claims, PCE inflation, and Chicago PMI data. The short term tend of the markets could fall into sharper focus as a result. The Federal Reserve is known to look at the Michigan and Conference Board surveys for insights, but PCE inflation …
Continue reading “Wild ride tomorrow on PCE Inflation Report”
Just as COVID-19-related hospitalizations and deaths are starting to break out to new multi-month highs, the U.S. Food and Drug Administration recommended on Tuesday that the U.S. should pursue a booster strategy had better protects against newer more dominant strains, like omicron. The FDA indicated that a new generation of COVID-19 boosters could be ready …
Continue reading “Coronavirus tally: Daily Hospitalizations and deaths rise to multi-month highs”
SINGAPORE, June 29 (Reuters) – Uncertainty in global oil and gas markets could stay for some time to come as spare capacity is very low while demand is still recovering, Shell (SHEL.L) Chief Executive Officer Ben van Beurden said on Wednesday. “I do believe that we’re going to be facing quite a bit of uncertainty …
Continue reading “Shell CEO says spare capacity is running ‘very low’”
On April 22 this BITCH with her fellow Fed Reserve ASSHOLES where blowing blue sky up our asses. As you can see at that time she said a 75 bases point increase in Fed Funds were not necessary…. AND at the last FED meting she voted for a FED FUNDS increase of 75 bases points. …
Continue reading “Fed’s Mester favors 75 bp hike under current conditions”
U.S. stocks haven’t yet seen the extreme investor capitulation that’s typical of market bottoms. The end of the bear market is not close. That’s according to a contrarian analysis of stock market sentiment: the U.S. stock market hasn’t yet experienced the extreme pessimism seen at major bottoms. It may certainly feel like there’s plenty of …
Continue reading “We need to see capitulation and panic before the bear market is over”
https://youtu.be/RpyG4XE_zj4 KIGALI (Reuters) – British Prime Minister Boris Johnson said on Saturday that he feared Ukraine could face pressure to agree a peace deal with Russia that was not in its interests, due to the economic consequences of the war in Europe. “Too many countries are saying this is a European war that is unnecessary …
Continue reading “Johnson fears Ukraine will have to take ‘bad’ peace deal”
Exactly at the NY open Friday the stock market bases the NASDAQ 100 soared from 11,700 to 12,000 by 10:00 am. To a lot of traders this was a surprise since fund rebalancing usually occurs on the close. In the overnights we got a sniff of movement and spread our positions. When the zoom zoom …
Experts of the International Monetary Fund (IMF) think that there are significant downside risks for the US economy this year and especially next year, IMF Managing Director Kristalina Georgieva said presenting the annual report on the state of the American economy in Washington. “We see very significant downside risks [in the US economy] this year …
Continue reading “Significant downside risks to US economic outlook – IMF’s Georgieva”
All three major U.S. stock benchmarks closed sharply higher Friday, with the technology-heavy Nasdaq Composite surging more than 3%, as investors reassessed the expected path of Federal Reserve interest-rate hikes. The Dow Jones Industrial Average, S&P 500 and Nasdaq each scored weekly gains, snapping three straight weeks of losses. The Dow Jones Industrial Average DJIA, …
Continue reading “Dow jumps more than 800 points as U.S. stocks snap three weeks of losses”