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Stocks

“Stock market news live updates: S&P 500 breaks above 3,000 amid vaccine hopes, reopenings”

“Stocks jumped Tuesday, and the S&P 500 traded above 3,000 for the first time since March 5, as hopes for an effective coronavirus vaccine combined with optimism over updates around states’ reopenings and better than expected new economic data. Each… Continue Reading…

Economy

“18 Signs That We Are Facing A Record Breaking Economic Implosion In 2020”

“#1 According to economists surveyed by the Wall Street Journal, the April jobs report will show that the unemployment rate in the United States is now above 16 percent. #2 U.S. manufacturing orders just crashed by the most ever. #3 U.S. gasoline consumption just dropped to… Continue Reading…

Banking

“Repo Market BREAKS As Dealers Run Out Of Securities To Use For Fed Funds”

“Two weeks ago, just after the Fed first announced its massive overnight and term repo operation expansion which now amounts to some $1 trillion in daily repo capacity (and before Powell expanded this bazooka to included ZIRP and unlimited QE),… Continue Reading…

Banking

“30-year Treasury bond yield breaks to all-time low…”

“The 10-year Treasury note yield TMUBMUSD10Y, -3.79% was down 3 basis points to 1.495%, the lowest since last September, while the 2-year note rate TMUBMUSD02Y, -3.24%   edged 1.4 basis points lower to 1.381%. The 30-year bond yield TMUBMUSD30Y, -3.26%   slipped 4.2 basis points to 1.930%, falling below… Continue Reading…

Economy

“Black Friday shoppers drop record-breaking $7.4B in online sales”

“On Black Friday, shoppers spent a record-breaking $7.4 billion, according to preliminary data published by Adobe Analytics, which measures transactions from 80 of the top 100 online retailers. It marks the second-largest online sales day ever, falling slightly short of last year’s Cyber… Continue Reading…

Economy

“It’s Make-Or-Break Time For Retailers: Black Friday Update”

“Early November results bode well: Comparable-store retail sales gained 1.3% in the first two weeks of the month, according to Fiserv, a major U.S. processor of credit-card transactions. Cooler weather likely spurred apparel growth for warmer, seasonal clothing, particularly at… Continue Reading…

Economy, Investing, Precious Metals

“Gold Seen Cracking $1,600 as Fed Goes for Cut, Cut, Cut, Cut”

“Gold will surge above $1,600 an ounce as the Federal Reserve embarks on a quartet of interest rate cuts to combat slowing U.S. growth… Bullion will benefit as the Fed opts for four, 25 basis point cuts between this month… Continue Reading…

Economy, Stocks

“Dow jumps 200 points to break above 27,000 for the first time ever”

“The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell that signaled easier monetary policy could be implemented later this month… Meanwhile, the S&P 500 rose 0.3% to trade back above… Continue Reading…

Personal Finance, Predictions, Opinions, & Comments

Savings Tip: Money Games

Would you like to save money and have fun while doing it? Here’s a neat way to do so. First pick a coin any coin. Every time you break a dollar save that coin. For this example lets say you… Continue Reading…