(Pexels) As I’ve discussed in recent articles, the main area where I see buying opportunities today is not stocks; it is commodities. Most are at a decade if not multi-decade lows and are at a 40%+ discount to their price just weeks ago. The U.S. is about to launch a $2T stimulus package, not to
Month: March 2020
The coronavirus pandemic is shutting down entire sectors of the economy and putting millions of Americans out of work, but one corner of Wall Street may find opportunity amid the carnage: private equity. The group, which includes investment giants Blackstone, Carlyle and KKR, has a record $1.5 trillion in cash ready to deploy and has
For everyone trying to figure out what S&P 500 earnings will be in 2020, here’s a sobering comment from Joseph Wolk, Johnson & Johnson’s chief financial officer: “One thing I know for certain is we’re going to be 100% precisely wrong.” Wolk made the comment to The Wall Street Journal in reference to earnings guidance,
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 27, 2020. Brendan McDermid | Reuters Stocks appear to be finding the bottom but some strategists say it may be over a trap door that could give way to another big decline. Some credit markets are faring better,
A woman looks at real estate listings outside a Berkshire Hathaway Home Services office in Montclair, N.J. Adam Jeffery | CNBC An increase in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to back away from the mortgage market. Total mortgage application volume fell 29.4% last week from
The coronavirus pandemic has had a highly damaging effect on the capital markets, and eventually, the effect was felt in other asset classes like cryptocurrencies as well. While this did affect the world’s biggest cryptocurrency, Bitcoin has made a remarkable recovery over the past 24 hours. BTC gained 10% in the last 24 hours, and
The municipal market rallied significantly Tuesday as participants placed bets that a stimulus package from Washington was coming closer to being reality and news that the Federal Reserve may be given authority to buy longer-dated municipal debt made its way around the Street. The short end in particular was rebounding from the extraordinary sell off
In this article, we examine the significant weekly order flow and market structure developments driving XLK price action. The highest probability path for this week was for price discovery higher, barring buy-side failure at key support, 82s-83s. This primary expectation did not play out as a gap lower open developed in Monday’s trade, driving price
The coronavirus crisis has seen Bitcoin price nosedive in one of the greatest Bitcoin price crashes since its inception. With a 52% drop in price in a single week, the coronavirus has left many Bitcoin enthusiasts scratching their heads. Even the legendary crypto trader, Peter Brandt, who predicted Bitcoin’s peak way back in 2017, tweeted
President Donald Trump speaks at the daily coronavirus briefing joined by Vice President Mike Pence in the James Brady Press Briefing Room at the White House on March 22, 2020 in Washington, DC. Tasos Katopodis | Getty Images This is a developing story. Check back for updates. President Donald Trump and Vice President Mike Pence
A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington on March 19, 2019. Leah Millis | Reuters The Federal Reserve pulled out another series of bazookas today, including a flurry of programs to buy more Treasuries and mortgage-backed securities. But one move that surprised many was the decision to buy corporate
Julio Barrios attends to one of the few customers at a gas station in Scarsdale, New York, March 13, 2020. Jessica Resnick-Ault | Reuters Gasoline prices in the wholesale and futures markets crashed on Monday as more states issued stay-at-home orders, severely dampening demand for fuel. Some spot cash prices around the U.S. were down
Rows of houses in Las Vegas. Jacob Kepler | Bloomberg | Getty Images Last week the regulator for mortgage giants Fannie Mae and Freddie Mac announced a forbearance program for borrowers unable to pay their loans due to the effects of the coronavirus. The Department of Housing and Urban Development, which includes the FHA loan
The Puerto Rico Oversight Board announced it was approving the local government use $787 million to address the economic and health challenges raised by COVID-19. The funds will be in addition to the $160 million from the Emergency Reserve Fund that the board released March 12. Puerto Rico Governor Wanda Vazquez Garced said that her
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which is one of the largest energy ETFs, has been under a lot of pressure this year, thanks to the plunge in oil prices, and the fund’s future is looking challenging. The SPDR S&P Oil & Gas Exploration & Production ETF’s portfolio consists primarily
Twenty-two days. That’s all it took for the S&P 500 to fall 30% from its record high, the fastest drop of this magnitude in history. The second, third and fourth quickest 30% pullbacks all occurred during the Great Depression era in 1934, 1931 and 1929, respectively, according to data from Bank of America Securities. “This
Traders, some in medical masks, work on the floor of the New York Stock Exchange (NYSE) on March 20, 2020 in New York City. Trading on the floor will temporarily become fully electronic starting on Monday to protect employees from spreading the coronavirus. The Dow fell over 500 points on Friday as investors continue to
Traders work on the floor of the New York Stock Exchange (NYSE) on March 09, 2020 in New York City. Spencer Platt | Getty Images For a market rocked by big volatile moves lower, Friday’s expiration of stock futures and options could add even more wild swings. But the quadruple witching expiration, as it is
A sign marks the location of a WeWork office facility on August 14, 2019 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Five months after SoftBank agreed to a massive bailout of office-sharing start-up WeWork, a big part of the deal is in jeopardy of falling apart. A special committee to
The U.S. First Circuit Court of Appeals rejected Puerto Rico bondholders’ attempt to be named trustee of the Puerto Rico Employees Retirement System. The court issued its decision Thursday upholding a January decision by U.S. District Court Judge Laura Taylor Swain. Judge Sandra Lynch wrote Thursday’s decision, which was joined by Chief Judge Jeffrey Howard
Thesis Summary The Vanguard S&P 500 Growth ETF (NYSEARCA:VOOG) offers a variety of quality, blue-chip stocks that are sure to bounce once the market has bottomed. With large exposure to the technology and communication sectors, the fund will likely offer great returns in the coming years. Consider scaling into this fund as stocks find a
The adage “keep calm and carry on” might, in the end, be the best advice for investors to follow during times of extreme market volatility such as the present. While it might seem counterintuitive to sit back and relax while stocks post swift and steep losses, for investors with longer-term time frames it typically pays
“Theater Closed” signs are posted in front of the AMC Montebello, as the US chain of AMC movie theaters closes for 6 to 12 weeks, On March 17, 2020 in Montebello, California, as the coronavirus (covid-19) epidemic leads to restaurant and school closures and workers working from home in an effort to encourage social distancing.
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images The spring housing market was on its way to becoming the strongest in over a decade, but it will likely turn sharply lower, as the economy shuts down in
The municipal market sold off again on Friday in dramatic fashion even after the Fed announcement that it would buy munis via collateral by financial institutions, a step aimed at calming the anxiety over the flight of money from tax-exempt money market funds. The Fed move did lessen the sell off on the short end
A trader reacts during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City. Photo by Johannes Eisele | AFP | Getty Images We are all exhausted and depressed, having experienced this week one of the worst stock market declines in modern history. I
Markets face more violent swings in the coming week as investors watch out for a rising number of coronavirus cases and new data that could show how the virus is slamming the U.S. economy. The past week was brutal for stock investors with the Dow Jones Industrial Average posting a 17.3% decline, its worst week since
Wealthy New Yorkers fleeing the city are driving up the prices of rentals in the Hamptons and Hudson Valley, with rates more than tripling for some properties. As New York City considers “shelter in place” rules and the number of coronavirus cases skyrockets, New Yorkers who can afford it are decamping to more rural locales.
Chicago and Illinois are counting on the federal government to help replenish coffers battered by the response to COVID-19 and loss of tax revenues from shuttered businesses but they have stopped short of putting dollar amounts on what’s needed. “There is no doubt that there is an enormous cost that everybody in Illinois is bearing
CNBC’s Jim Cramer said Friday he fears that the coronavirus-driven halt in the economy could leave the U.S. with only three retailers after the crisis ends. “If we come out of this sooner, then other, small businesses can open. If we come out of this later, there are going to be three retailers in this country,”
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 7
- Next Page »