Election = Exhausting!
I don’t know how you feel, however I’m looking forward to this election being over. Hopefully shortly after November 3rd!! The markets don’t appear to care about the election for now, as the focus remains on stimulus. It doesn’t matter whether before or after the election, as long as it is passed, and it’s large. […]
Show us the Money!
So much speculation about what happens to the stock markets if we have a “blue” sweep, meaning Biden wins, and the Democrats take over the Senate and keep the majority in the house. It was first reported that the increased tax plans that Biden has released would slow economic growth and cause a significant stock […]
Tuesday’s Boxing Match!
Tuesday September 29th @ 9:00PM, many of us will be glued to the television for our Presidential Boxing Match Debate. Will we find out anything new? Will it move the polls? One thing is for sure, the media will have more material to spin for a few weeks. Will it be an Ali v. Frazier, a […]
The Markets/Fed/Economic Recovery
There’s enough going on to make your head spin! The passing of Supreme Court Justice Ginsberg, TikTok, continuing Covid-19 issues, the economic recovery, stimulus battle, Federal Reserve alteration, the election, and of course politics!!!! Certainly, enough to increase market volatility! First and foremost, we should honor the life of Supreme Court Justice Ruth Bader Ginsberg. […]
Stocks – Orderly Pull Back!
The S&P 500 reached a new all-time high, 3588, the Nasdaq Composite did the same, reaching 12,074, both on September 2, 2020. From there, these major stock indexes have pulled back in what I consider, an orderly fashion. No panic for now, just the realization that valuations were getting stretched, the uncertainty of additional stimulus […]
Correction, Change of Leadership, or Something else?
The market decided not to pay attention to the job reports released last week. All major stock markets fell with no regard to the unemployment rate dropping to 8.4%, which by far exceeded expectations. Last month, we added 1.4 million jobs. We have now recovered 22 million jobs lost because of Covid-19. For the week, […]
Housing “Cocktail” Drives Prices Higher?
The housing market has been one of the slowest sectors to recover from the doldrums of the 2008 great recession. Over the last couple of months, the numbers suggest a changing trend, at least for now. Add this to your cocktail shaker: record low interest rates, pent up demand from our shutdown, the desire to […]
Markets Get More Juice!!
Over the weekend, the markets received another chunk of dough in the form of extended unemployment benefits, a payroll tax holiday, an eviction moratorium extension, and additional student loan payment deferment. In anticipation, the markets charged higher with the confidence that more juice was on the way. For the week, the Dow rose 3.88%, the […]
STIMULUS/JOBS/MARKETS
No deal yet? Should the dollar figure be $600, $200 or perhaps meet in the middle @ $400! I absolutely believe that anyone who has suffered a current Covid-19 related job-loss should continue to receive unemployment compensation until they are called back, or the economy truly opens and job openings are plentiful. The amount, in […]
