Dow Stumbles as Wall Street Debates the Case for Negative Rates

The Dow Jones stumbled on Thursday after another dire jobless claims report. Speculative trading is dominating retail investment platforms, while seasoned stock market investors sit on the sidelines. The Federal Reserve may discuss negative rates this month. The Dow Jones went nowhere on Thursday after another miserable jobless claims report snapped the U.S. stock market’s […]

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Here’s Why Surging Gold Prices May Tee You Up for a Late-Year Plunge

Gold just had its best month since last August. But three converging factors point to a possible crash ahead. Central bank selling, deflation, and stabilizing oil prices all present grave threats to goldbugs. The gold price surged in April, posting its best month since August 2019. Unprecedented central bank and fiscal stimulus unleashed a flood […]

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America’s $2 Trillion Crush on Jerome Powell Will Disappear Come Payback Time

More Americans have confidence in Jerome Powell than any Federal Reserve chair since Alan Greenspan. His decisive $2 trillion stimulus packages mean more Americans think he will do the right thing than Donald Trump. But how will Americans react when Powell’s generosity ends, and the bill has to be paid? America has a soft spot […]

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Dow Jones on Edge as Fed Insider Admits Recession Is Unavoidable

Dow Jones Industrial Average (DJIA) swung wildly overnight, pointing to a nervous stock market open. Former Federal Reserve advisor said there’s little chance of avoiding a recession. Millions of jobs will be lost in the U.S. as major cities go into lockdown over the coronavirus. The stock market looks poised for a nervy open on […]

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Dow Futures Crash 1,041 Points as Fed Capitulates To Trump

Dow futures dropped 1,041 points despite a surprise announcement from Federal Reserve Chair Jerome Powell. The Fed made another emergency rate cut on Sunday, this time all the way down to 0%. Donald Trump cheered this effort, but Dow bulls appear unconvinced. In an incredible move reminiscent of the financial crisis in 2008, the Federal […]

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Dow Needs More than Fiscal Stimulus Hopes to Claw Back Brutal Declines

The Dow Jones rallied on Tuesday after its worst day since the financial crisis. The rebound in U. S. stocks followed a proposition of a payroll tax cut by Trump to offset coronavirus. The U. S. government should take measures to prevent and fight coronavirus. U. S. stocks rebounded Tuesday, one day after their largest […]

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Guess Who Trump Blamed for Today’s Sharp Stock Market Reversal

The stock market’s three primary indices all set new intraday records on Tuesday. But a sharp reversal struck as Fed Chair Jerome Powell testified on Capitol Hill. President Trump ripped Powell a new one, blaming him for the stock market sell-off. The U.S. stock market huffed and puffed to new all-time highs on Tuesday, prompting […]

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Gold Price Poised to Knock Out Another 7-Year High: 3 Reasons Why

The price of gold rallied 0.9% to $1,590.70/oz. on Thursday, the highest in three weeks. A combination of technical and fundamental forces has bullion hitting new seven-year highs this quarter. Inflows into gold exchange-traded funds (ETFs) have already hit seven-year peaks. The price of gold rallied sharply on Thursday, as coronavirus fears overshadowed economic data, […]

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U.S. Stocks Slam on the Brakes as Fed’s Powell Expects Coronavirus to Disrupt Global Economy

The Federal Reserve voted on Wednesday to keep interest rates on hold. Stocks extended their rally post-FOMC but later declined as Chairman Jerome Powell expressed concerns over the caronavirus outbreak. Traders are skeptical about the Fed’s claim that rates will remain on hold this year. The Dow and broader U.S. stock market finished mixed on […]

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