Economy and Trends

Earnings Season Kicks Off, Here is the Outlook

Earnings season kicked off two weeks ago with the big banks reporting on July 14. Since then we have gotten a spattering of reports from other sectors with a number of big tech stocks reporting last week. This week is a big one as a number of the FAANG stocks report on Thursday—Facebook, Apple, Amazon, and Alphabet (Google) all report ...

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Will COVID Forever Change Where Americans Work?

The COVID-19 pandemic has forced a massive shift in the American workforce from office to home that is reminiscent of the move from farm to factory during the Industrial Revolution. According to Gallup, as many as 70% of Americans said they worked from home at least part of the time in May (up from 43% last year). More than 82% ...

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The Next Coronavirus Relief Bill

As the Senate starts to discuss the details of a new economic relief bill, Senate Majority Leader Mitch McConnell (R-Ky.), has revealed some of the details that the Republicans want in it. These details are what the Republicans will introduce to the floor for discussion, but the final details have yet to be worked out. During the preparation of this ...

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Strange Happenings Continue Affecting the Market

Last week I wrote about the staggering gap in the returns for the growth segment of the market and the value segment. The value segment has picked up a little steam in the last few weeks and from July 9 through July 17 the SPDR S&P 500 Value ETF (SPYV) gained 5.17% while the SPDR S&P 500 Growth ETF (SPYG) ...

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Four Sectors Pushing Overall Market Higher

Watching the overall market rebound from the March low has been fascinating and frustrating at the same time. Some stocks have experienced incredible rallies while others have experienced far more modest rallies. The S&P 500 has rallied 47.2% from its March low and it has been less than four months since the market bottomed. The Nasdaq Composite has been even ...

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Will Schools Be Reopening This Fall?

A large debate has arisen as to whether or not schools should be reopening in the Fall – with some places normally opening in early August. Coronavirus is still rapidly spreading across the nation and it is out of control in some states, such as Florida, Arizona, and Texas. The President, the Education Secretary, and others are pushing for the ...

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Q2 Earnings Season: Expectations Worst since the Financial Crisis

The COVID-19 virus became known to the world in January and it started spreading around the globe later in the first quarter. By the time the second quarter started the virus had spread to Europe and North America with many countries being forced to limit social interactions. Many parts of the United States issued stay at home orders for non-essential ...

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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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