BlackMask Breaking News

NB: This is a long story. I strive to make my news posting brief and concise. In this case their is a lot to report. This GUARANTEES  THE REPUBLICAN SWEEP IN THE FALL ELECTIONS. taking both the the house and senate by wide majorities in the house WASHINGTON — The FBI searched Donald Trump’s Mar-a-Lago …

Continue reading “FBI searches Trump’s Mar-a-Lago home, apparently part of probe into alleged removal of classified records……. Pence concerned about search of Trump’s home……. Judge who OK’d Mar-a-Lago raid Obama donor once linked to Jeffrey Epstein”

The pace of the stock market’s rise as it continues a bounce off the June lows is nearing a magnitude that’s preceded “huge” moves in the past. The dilemma for investors is that those moves can be in “either direction,” analysts at Jefferies observed in a weekend note. Through Friday, the S&P 500 SPX, -0.12% …

Continue reading “Big Bet….. Stock Market MAY Crash this month……”

WTI oil prices have given up nearly all their gains since Russia invaded Ukraine, falling roughly 9.5% over the course of the week amid fears oil demand is collapsing. Some oil pundits are now claiming that the Biden administration has been fabricating low gasoline demand data in order to drag prices lower. While Gasbuddy claims …

Continue reading “The Oil Price Collapse Conspiracy”

NEW YORK, Aug 5 (Reuters) – A rally in U.S. stocks that has powered on despite skepticism from Wall St faces a reality check in the coming week, as key inflation data threatens to shut the door on expectations of a dovish shift from the Federal Reserve.  The S&P 500 (.SPX) has walked a tightrope …

Continue reading “Inflation data may seal fate of bear market rally”

WASHINGTON (AP) — The federal government declared a public health emergency Thursday to bolster the response to the monkeypoxoutbreak that has infected more than 7,100 Americans. The announcement will free up money and other resources to fight the virus, which may cause fever, body aches, chills, fatigue and pimple-like bumps on many parts of the …

Continue reading “US declares monkeypox a public health emergency”

SEOUL, Aug. 4 (Yonhap) — South Korea’s new COVID-19 cases stayed above 100,000 for the third straight day Thursday amid a fresh wave of infections driven by a highly infectious omicron variant. The country added 107,894 new COVID-19 infections, including 435 from overseas, bringing the total caseload to 20,160,154, the Korea Disease Control and Prevention …

Continue reading “S. Korea’s COVID-19 tally above 100,000 for 5th day in a row……. bark Bark”

It’s a long time in market terms until late September, but Friday’s red-hot July jobs report has traders penciling in a third 75 basis point rate rise by the Federal Reserve at their next meeting. Fed-funds futures reflect a 67% probability the Federal Open Market Committee would move the rate up by 75 basis points, …

Continue reading “A red-hot July jobs number has traders penciling in another jumbo Fed rate hike”

https://www.bnnbloomberg.ca/goldman-bernstein-strategists-say-stocks-rally-can-fizzle-out-1.1801337 https://www.bnnbloomberg.ca/goldman-bernstein-strategists-say-stocks-rally-can-fizzle-out-1.1801337 The recent brisk rebound in equity markets won’t last as the macroeconomic data continue to deteriorate and earnings forecasts are being slashed, strategists at Goldman Sachs Group Inc. and Sanford C. Bernstein warn. “Without clear signs of a positive shift in macro momentum, temporary re-risking could actually increase risks of another leg lower …

Continue reading “Goldman, Bernstein strategists say stocks rally can fizzle out”

Oil futures extended a decline Thursday, with Brent crude slipping to levels last seen before Russia’s invasion of Ukraine and the U.S. benchmark sliding below the $90-a-barrel threshold. Oil is building on losses seen on Wednesday after the Energy Information Administration said U.S. crude supplies rose 4.5 million barrels in the week ended July 29, …

Continue reading “Oil rout deepens as U.S. crude benchmark falls below $90 a barrel”

US stocks wavered on Thursday as traders parsed various corporate earnings against a backdrop of aggressive interest-rate hikes by global central banks. The US yield curve remained inverted as recession fears persisted. The S&P 500 ended the session little changed after fluctuating throughout the session. The Nasdaq 100 closed up higher for the second straight …

Continue reading “Stocks Waver on Fedspeak, Disappointing Earnings: Markets Wrap”