Economy and Trends

Q2: Best Performance in 22 Years, Now What?

After a dismal first quarter which saw the S&P fall by 20%, stocks roared back in the second quarter and the index turned in its best quarterly performance since 1998. As of the close on Monday, with one day to go in the quarter, the S&P was up 18.13%. Despite the huge gain in the quarter, the S&P is still ...

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Millions of Mortgage Payments Missed

It is not only rent payments that are late because of the pandemic, but a record number of mortgage payments are also late. While two million people missed their mortgage payments for March, 4.3 million people skipped making their payment in May. This number includes more than 630,000 people who are 90 days past due. Records reveal that more people ...

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Will Current Stresses Collapse the Dollar?

While most people are waiting for the economy to return to normal once the pandemic is under control and businesses are open again, some experts are predicting the collapse of the dollar under our massive national debt. It seems that more warnings are occurring lately and it is not so difficult to see how this might happen. The dollar has ...

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Looking Back at My Prediction for the Market in 2020

We’re not quite halfway through the year just yet, but while doing some research for another article earlier today, I couldn’t help but think about an article I wrote for Bull Market Rodeo at the beginning of the year. I wrote the piece back in December and pointed out what I thought would be the top two sectors for 2020. ...

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Some Economic Numbers are Showing Surprising Improvement

Investors and economists have been dealing with some of the worst economic reports in history over the last few months, but we are starting to see improvement in some of the numbers. Last Thursday the initial jobless claims came in at 2.44 million and that was down from 2.69 million. The previous week was originally reported at 2.98 million and ...

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The Airlines Are Flying Again

After being almost completely shut down for more than a month, many daily flights are taking place with more than 70% capacity. There are now about 500 flights per day flying with this many people on board. This brings up the number of passengers to about 9% of what it was a year ago. Although the numbers are still low, ...

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Future Global Markets Depend on Monetary Decisions Made Now

Since the March lows, most of the main world equity indices have rallied sharply even as the GDPs for those same countries have shown economic declines. I have expressed before that investors apparently believe that the economies will return to normal once the lockdowns are lifted and that the growth rates will return rather quickly. I still question whether this ...

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Hope for the Economy

On Friday, the House passed what may be considered the next stimulus package. While earlier comments from the Senate reveal that it is unlikely to pass the Senate in its current condition, both sides agree that another package is needed soon. This stimulus package is designed to help almost everybody including individuals, essential workers, state and local governments, and much ...

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Fed: Dire News for the Economy

The stock market took a last-minute dive after the Chairman of the Federal Reserve, Jerome Powell, made a public statement today. He said that the future of the economy is “highly uncertain” because there are some “significant downside risks.” He also stated that the economy is now worse than it had been at any time since the Second World War ...

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