Tag: Interest Rates
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Tariff-Tantrum Wreaks The Markets
As a 3rd consecutive losing week sends the major averages into correction territory. Since Monday the S&P 500 lost 184 points or 3.1%, the NASDAQ fell 651 points or 3.45% while the DOW gave up 1.039 points or 2.37%. A truly bruising tariff tantrum inspired performance.
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The Rapid Pace Of Change
Caught up to the markets this week. As they closed with significant losses unable to cope with the pace of change. Since Tuesday the S&P 500 fell 101 points or 1.65%, the NASDAQ slipped 503 points or 2.51% while the DOW gave up 1,143 points or 2.57%.
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The Speed Of Chaos
With the Trump administration continuing to move at the speed of chaos, disrupting everything in its path. I begin to wonder about terminal velocity. Tariff induced trade wars come and go in the blink of an eye. The lamestream media begs for a day off because they can’t keep up.
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Life’s Full Of Surprises
This week was full of surprises. Trump’s announcement today of 25% tariffs on Mexico and Canada spooked the markets. Sending them into the close mixed. Since Monday the S&P 500 lost 60 points or .98%, the NASDAQ slipped 327 points or 1.64%, while the DOW gained 121 points or .27%.
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The Winds Of Change
The first week of Trump 2.0 has sent the winds of change blowing across the land. Pleasing some and enraging others. While change is not always welcome it is a necessary part of life. Let’s all hope it works out well for the republic and its citizenry.
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Irrational Exuberance and the Equity Risk Premium
With the irrational exuberance of the post-election market euphoria wearing off. The major averages recorded a rough first full week to start the year. The DOW lost 763 points or 1.79%, the NASDAQ fell 434 points or 2.22% while the S&P 500 gave up 112 points or 1.89%.
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Political Infighting, Can’t We All Just Get Along?
Markets spooked by the political infighting went sharply lower as the week progressed. Finishing with notable losses.
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Inflation Next Year
With incoming president Trump’s inauguration drawing closer the rhetoric surrounding the use of trade tariffs is heating up. A lot of discussion has focused on their inflationary impact. With some pundits predicting a nearly 1% increase in inflation next year. As with most things in this world the devil is in the details. With the…
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A Strong November
I hope everyone had a great Thanksgiving with their friends and family. A strong November was followed by a mixed week to begin the final month of the year. The major averages saw the S&P 500 gain 58 points or .96%, the NASDAQ advanced 642 points or 3.34% while the DOW lost 268 points or…
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Recession, what recession?
With all the screaming and shouting continuing in the post-election period. I can hardly hear myself think, let alone pay close attention to the voices in my head. Which brings me to this week significant economic and market data. Recession, what recession? It’s the Economy Stupid! With 4th quarter GDP tacking +2.6% per the latest…