Economy and Trends

First Quarter Plunge: A Recap

By now you have probably heard that the first quarter of 2020 was the worst quarter for the Dow Jones Industrial Average since 1987. For the S&P 500, it was the worst quarter since 2008. While those stats are startling, they could have been much worst had the quarter not started so well. In reality, the first quarter saw the ...

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The Economic Stimulus Package Has Passed in the Senate

Once again, the stock market has continued to move upward. The key factor was the completion of the $2 trillion economic stimulus package in the Senate. The next step is for it to go to the House for their approval, where it is expected to be quickly passed. President Trump has already said that he will sign it. The Distribution ...

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Where I Think We Are in the Market Cycle

Social media is a wonderful thing sometimes. Of course, there are the downfalls with the spreading of rumors and false stories, but it is also a means of keeping in touch with people that you might not get to see on a daily basis. One thing I personally like about social media is being able to stay in touch with ...

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The Market Presents Its Own Version of Fast & Furious

With the losses on Wednesday and Thursday, the major U.S. indices officially reached bear market territory by falling over 20% from their peaks in February. Looking at the rapid decline, I couldn’t help but be astounded by how sharply the decline has occurred. In four weeks the S&P is down over 26% – at least at the time I was ...

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The Stock Market Rallies Once Again

After a large loss yesterday at the stock market, Tuesday saw a large recovery. Investors are glad to see such a strong one-day gain after things were looking quite bleak on Monday. Salary Tax Cuts for Business Promised One of the events that were believed to bring some positive action to the markets was the White House’s move to help ...

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The Fed Rate Change and Market Picture

The markets today have been positively influenced by many recent events. Still, there seems to be a dark shadow looming over the economies of the world. Although the stock market has seen an increase so far today, very few doubt that a major recession is on the way. The Fed Lowers Interest Rates Yesterday, the Fed lowered its rates by ...

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Stocks Seen to Be Recovering – with Some Good News

On Monday, the stock market showed massive improvement since it bottomed out last Friday. This occurred not only in the United States but also in various stock markets around the world. Positive news, along with some action from governments, has unleashed an upward movement of 1,294 points on the Dow Jones. Since then, the market has edged up in fits ...

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The Impact of New Coronavirus Numbers on the Market

As coronavirus shows its ability to spread beyond every attempt to contain it, it continues to affect the economy around the world. China has begun to allow some companies to open for business, which is apt to help manufacturing. Despite this positive movement, it is beginning to appear that the slowdown on manufacturing is going to last longer than expected. ...

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Revisiting Our Gold and Oil Outlooks

Back at the end of December, I gave an outlook for what I saw happening with gold and oil prices in 2020. At that time I pointed out that oil was approaching potential resistance and that it was approaching overbought territory based on the 10-week RSI and the weekly stochastic indicators. I also pointed out that the sentiment toward oil ...

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Consumers, Small Business Owners Optimistic! Is this Good or Bad?

Based on the recent readings in Consumer Confidence and the NFIB Small Business Optimism Index, consumers and small business owners have very little concern about the economy. The National Federation of Independent Businesses released its January survey results on Tuesday morning and the reading came in at 104.3 and that was up from 102.7 in December. The highest reading over ...

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