There Was No Need for a Rate Cut

On Wednesday, Federal Reserve Chairman Jerome Powell announced that the Fed had decided to cut interest rates by .25 basis points. The market was expecting .50 basis points and immediately sold off. In fact, the S&P 500 had its first breakout move above or below 1% in thirty-eight trading sessions...

By | August, 5, 2019|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments

Has the Big Bull Finally Hit the Wall?

On Friday March 9, 2009 I was playing golf with some friends on the Merit course in Palm Springs California when I got a call from my trading partner. He said that the DJIA had turned around and rallied over 300 points in the last hour of trading. 300 points is nothing today, but with the market trading around 6600 then it represented a 4% rally in less than an hour...

By | June, 14, 2019|Categories: Articles, Featured|Tags: , , , , , , , , , , |0 Comments

Yields at Multi-Year Lows

Bond Yields Fall Near Multiyear Lows

U.S. stocks fell broadly Tuesday as anxious investors shifted money into bonds, sending yields to their lowest level in nearly two years. Rising bond prices, which pull yields lower, are typically a sign that traders feel jittery about long-term growth prospects...

By | June, 3, 2019|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments

State of The Union

The Agenda of the US

President Donald Trump appeared before a divided Congress for the first time on Tuesday to appeal to lawmakers' sense of unity at a moment of deepening partisan spite. His calls for conciliation were met with mostly stone-faced silence from Democrats, who bitterly oppose his agenda...

By | February, 6, 2019|Categories: Articles, Featured|Tags: , , , , , , , , , |0 Comments

Trump Attacks GM

Trump vs. GM

General Motors Co. plans to cut up to 14,800 jobs in the U.S. and Canada and end production at several North American factories, marking the auto maker’s first significant downsizing since its bankruptcy last decade as the company tries to adjust to weak sedan sales...

By | November, 27, 2018|Categories: Articles, Featured|Tags: , , , , , , , , , , |0 Comments