The Calm before the Storm

Investors will return from a long holiday weekend in the U.S. on Monday to what may be the calm before the storm: a relatively quiet week before a deluge of second-quarter corporate earnings reports are published starting July 13. Most observers are looking past...

Can we have a vaccine, please?

Two major events occurred this week – Johnson & Johnson, which is working on a Covid-19 vaccine, moved up its expected start date for human trials to July from September. In the afternoon on Thursday, Powell revealed that the Fed could leave interest rates...

In Search of fundamentals

The U.S. stock market’s rally since late March has been hard to take for many people—including those professional investors who stayed pessimistic too long and missed out on much of it. There’s a rueful saying among traders that markets will move in whatever direction...

Printing Money – How that works…

Every week, we hear that the Fed’s goal is to keep markets functioning after they had previously seized up in fear. But, the way they are doing it is – virtually “printing” money and injecting it into the commercial banking system.  By the end of the...

The bear is on the prowl….

It took only five weeks for the U.S. economy to wipe out all the job gains it added over the last 11 years. Combined with the four prior jobless claims reports, the number of Americans who have filed for unemployment over the previous five weeks is 26.45 million. That...
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