The current global Covid-19 virus event has upended everyone’s forward expectations related to the US and global economy. Recently, President Trump has announced a 12-month reprieve for homeowners who find themselves without income, or a job, because of the US National Emergency related to the Covid-19 pandemic (source: https://www.npr.org). All of the recent repositionings of the global markets and forward...
The market was almost palatable for a change last week… in the middle of it anyway. Monday's 12% rout and Friday's 4.3% drubbing crushed Tuesday's, Wednesday's and Thursday's glimmers of hope, translating into a 14.7% slide for the five-day stretch. As it turns out, that was the worst week for stocks since October of 2008, as well as a record-breaker....
The market was almost palatable for a change last week… in the middle of it anyway. Monday's 12% rout and Friday's 4.3% drubbing crushed Tuesday's, Wednesday's and Thursday's glimmers of hope, translating into a 14.7% slide for the five-day stretch. As it turns out, that was the worst week for stocks since October of 2008, as well as a record-breaker....
Exactly one month ago, on February 20th, the SP500 made an all-time high and reversed its trend to the downside. What a wild ride the last month has been across virtually all asset classes. Out of all the major indexes, commodities, and currencies, only one asset and trade moved higher. It’s no surprise given the title that cash or the...
Exactly one month ago, on February 20th, the SP500 made an all-time high and reversed its trend to the downside. What a wild ride the last month has been across virtually all asset classes. Out of all the major indexes, commodities, and currencies, only one asset and trade moved higher. It’s no surprise given the title that cash or the...
It seems odd to believe given the manic selloff that jump-started the meltdown to-date. But, last week was actually the worst week of the four-week plunge. The S&P 500 gave up 15.2% of its value, with most of that hit taking shape on Monday and Friday. The three days in between were actually kind of promising. In fact, as odd...
It seems odd to believe given the manic selloff that jump-started the meltdown to-date. But, last week was actually the worst week of the four-week plunge. The S&P 500 gave up 15.2% of its value, with most of that hit taking shape on Monday and Friday. The three days in between were actually kind of promising. In fact, as odd...
No, we've never seen anything quite like it, at least in terms of sheer speed. As of Wednesday's close the S&P 500 is down almost 30% from its February 19th high. That's a typical bear market in the span of less than a month, and at one point on Wednesday the index was down nearly 33% from its February peak....
No, we've never seen anything quite like it, at least in terms of sheer speed. As of Wednesday's close the S&P 500 is down almost 30% from its February 19th high. That's a typical bear market in the span of less than a month, and at one point on Wednesday the index was down nearly 33% from its February peak....
Recently, I was asked to participate in a live radio talk with Arnold Gay and Yasmin Wonkers at Money 89.3 Asia First and was sent the following questions to prepare for the show. I thought this would be a great way to share my thoughts and expectations related to the Covid-19 virus, global economics and what the Central Banks are...
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