If you missed Part-1 of our series on the “Theory Of MMT Falls Flat When Faced With Reality,” start there. In Part-2, we complete our analysis of the theory and the potential ramifications.
The market ignored record numbers of new COVID-19 cases to post a strong week.
The Institute of Supply Management (ISM) has now released the June Non-Manufacturing Purchasing Managers’ Index (PMI), also known as the ISM Services PMI. The headline Composite Index is at percent 57.1, up 11.6 from 45.5 last month.
After three weeks of losses, real estate investment trusts (REITs) in the US bounced last week, posting the strongest gain for the major asset classes, based on a set of exchange-traded funds.
Gold stocks have led the market for a year, and with economic deceleration and Fed policy response that leadership looks to continue [edit: today’s ‘in the bag’ bounce-back Jobs report does little to alter the economic deceleration theme]
Today, we’re looking at the probable impact of this second wave of COVID-19 on the stock market — and discussing how you can prepare your portfolio.
After reporting better than 4th quarter results on Tuesday, the stock price of FedEx Corp. (NYSE:FDX) has been on a tear.
Is the Shanghai Index (SSE) about to experience a long-term breakout and send the world a bullish message?
That question was the underpinning for an article from Marketwatch about a couple who are each 57 and have mid-seven figures accumulated after years of saving 25-30% of their incomes.
The biggest surprise was a tech stock that, despite the economy experiencing perhaps the longest period of economic uncertainty since the Great Depression, was able to see over 500% gains in the span of a few months.
Precious Metals have not broken out. Not yet.
The long-term risk premia projection for the Global Market Index (GMI) ticked up again in June, rising to 4.6%.
As I write this, the Nasdaq 100 Index is up 30% over the past year while continued jobless claims have soared to record highs as the result of a pandemic.
Over the last 21 years, the trading day before Independence Day has been stronger than the day after.
So my prediction is markets will probably continue their advance higher, and economies and Americans will continue to get out and about.
The tech bubble didn’t end well. BUT it did tell us that the world was shifting into the technology age…
This morning’s employment report for June showed a 4.8M increase in total nonfarm payrolls, which was above the Investing.com forecast of 3M.
There are plenty of reasons to dislike Facebook, Inc. (NASDAQ:FB).
The precious metals sector – gold, silver and mining stocks – is in the early stages of a rabid bull market.
Since the late 80s there has been a tendency for the market to rally on the first day of the month.
Today marks a grim milestone as the world crosses the 10 million covid-19 cases threshold, as well as half a million dead from the virus.
Emerging-market equities rose sharply in June, posting the strongest gain for the major asset classes last month.
It’s been a good year for gold bugs!
The economic mover and shaker this week is Friday’s employment report from the Bureau of Labor Statistics.
Plug Power Inc (NASDAQ:PLUG) has been on our radar for a while now, and now it seems to be gaining traction with the rest of Wall Street.