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Home Sales Still Down from COVID-19

Showing a drop to the lowest levels in more than nine years, home sales are finally starting to rise above record lows. Home prices have also risen by the smallest amount seen in about eight years. The cause continues to be coronavirus, which still has people largely unwilling to get out and look at homes to buy. Some areas are ...

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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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Wall Street’s Version of Pros Vs. Joes

From 2006 to 2010 there was a reality show on the Spike network called Pros Vs. Joes. The show featured professional athletes in competition against amateur athletes in various sporting competitions. Most of the professionals were retired, but it was still entertaining to watch the average person compete against a world-class athlete. At least as an old jock, I found ...

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Retail Earnings Next Week – Expectations are Ugly

I am a big fan of the movie Moneyball. I’m a sports junkie and I love statistics, so the movie was right up my alley. One of the lines that stands out from that movie is when Billy Beane, played by Brad Pitt, is talking to his head scout. Beane utters three simple words, “Adapt or die.” Those same words ...

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Changed Forever – These Industries Will Never Be the Same

The global economy has been ravaged by the pandemic over the last four months and certain aspects of our lives will never be the same. Hopefully, some good can come from this crisis and most of those possibilities lie in the health aspect of our lives rather than the financial side. The way medical information is shared between countries will ...

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Recession Fears Fade – Gold and Bonds Stabilize

When the Fed first started hinting at a rate cut back in the spring, gold was trading below the $1,300 level. As things heated up in the trade dispute between the U.S. and China, three things happened—stocks fell, bonds rallied, and gold rallied. From the end of April through the end of May, the S&P 500 fell 6.5% as investors ...

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Earnings: Healthcare Good, FAANG Stocks Bad

Over the past year, two sectors have noticeably lagged the overall market—healthcare and energy. The S&P 500 is up 16.58% in the last 52 weeks and eight of the 1o main sectors have gained between 15% and 25% while the healthcare sector is up only 8.2% and the energy sector is down 7.8%. The energy sector will see some of ...

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Fed Makes “Insurance Cut”, President Trump Not Happy

The Fed Open Market Committee concluded its two-day meeting on Wednesday by cutting the target Fed Funds rate by 25-basis points. This is exactly what the majority of investors and analysts thought they would do and most thought it is what they should do. However, President Trump was not one of those in the majority and he immediately went on ...

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Rotation from Growth to Value – What the Heck Does this Mean?

Earlier this week we saw trading action that was somewhat odd and it could be rather significant if it continues to occur. There was some coverage from the financial media, but I saw very little on this subject in the mainstream media. The development I am talking about was a rotation from growth stocks to value stocks. Granted, the rotation ...

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