JPMorgan Chase Market News United States wall street 

Huge $591 Billion Cash Pile Adds Sizzle to Stock Market Rally

The U.S. stock market continues to climb despite record-high levels of cash hoarding among institutions. Bank of America reveals hedge funds holdings an eye-popping $591 billion as investors focus on low-risk bonds and cash. When the floodgates open, it may trigger a renewed bull market entering the second half of 2020. The U.S. stock market is climbing despite ongoing riots, geopolitical risks, and uncertainty surrounding the pandemic. JPMorgan’s new data suggests the arsenal of investors is far from running out. The Dow Jones Industrial Average (DJIA) recorded a 91-point gain…

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Market News Op-ed United States 

The Consumer Spending Decline Has Only Just Begun

The stock market is expecting the economy to improve in 2021, but unemployment estimates suggest it won’t. A sharp drop in consumer spending will likely continue well into next year as high unemployment persists. The stock market is in for a rude awakening in August when consumers pull back once again. The U.S. stock market has been mostly indifferent about dire unemployment figures and plummeting consumer spending. Investors are willing to look past the terrible data because they’re expected to improve considerably as the economy continues to reopen. But new…

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International Monetary Fund Market News United States wall street 

IMF’s Fed Reserve Warning Risks Rattling U.S. Stock Market Rally

The U.S. stock market slightly declined as the International Monetary Fund (IMF) released a statement. The IMF hinted policymakers may not be accurately assessing economic data after the pandemic. With a drop in consumer spending, exports, and business productivity, policymakers have lots of data to process. The U.S. stock market is probably not accurately pricing in the consequences of the pandemic. The International Monetary Fund (IMF) has warned assessing economic data is becoming challenging due to disruptions in key statistics. The U.S. stock market slightly declined by 0.58% on May…

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Dow Jones Market News 

The Dow Won’t Stop Rallying Because Wall Street Is Impervious to Pain

The Dow Jones scored its third straight daily gain on Thursday. Awful economic data releases continue to create no headwinds for a buoyant U.S. stock market. Dow bulls are banking on a big third quarter, with little margin for error. Dow bulls ignored another wave of titanic unemployment claims and a downward revision to U.S. Q1 GDP on Thursday. Stock market momentum continues to defy an extremely precarious economic situation in the United States, and all three of Wall Street’s major indices rallied in unison. The Dow rose 53.38 points…

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Market News United States wall street 

Bizarre Stock Market Rally Leaves Wall Street’s Best Billionaires Dumbfounded

Wall Street billionaires have little intention of re-entering the stock market despite its strong rally. Carl Icahn’s failed $1.5 billion bet on Hertz shows why billionaires are cautious. Big cash-buffer at a time like this is necessary to rescue struggling businesses. Carl Icahn is the latest billionaire to be on the wrong side of the stock market rally as his big bet on Hertz crumbled. U.S. stocks are continuing to climb, and ultra high net-worth investors are not re-entering the market. The U.S. stock market increased by 7.5% since May…

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federal reserve Market News mohamed el-erian Op-ed 

The Walking Fed Creates Zombie Horde

Stocks of zombie corporations are outperforming the S&P 500. A horde of companies too dead to feed their debts continues walking due solely to Federal Reserve bailout programs. This subverts the natural selection of capitalism and does not let the brave new world start clean. In the television series The Walking Dead, a virus creates a zombie apocalypse on earth. In reality, the Federal Reserve is working with a global virus to create a plague of zombie companies. Zombie corporations do not produce revenue capable of sustaining themselves. By definition,…

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COVID-19 Headlines Market News Wuhan 

COVID-19 Vaccine Contenders Race Against the Clock, and Each Other

Oxford University’s coronavirus vaccine gets significant financial backing and promises possible September vaccine delivery. China and Canada teamed up on the first human testing of a vaccine, and initial results are positive. Moderna’s recent vaccination tests were small in number but sent the stock market soaring. In the race to find a COVID-19 vaccine, hope for more than one winner could emerge as early as September. The three leading contenders come from the UK, China, and the U.S. As the video below lays out, there are: Two front runners in…

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Anthony Fauci Donald Trump Dow Jones Market News 

Here’s Why the Dow Jones Failed to Rally on Trump’s Afternoon Surprise

The Dow Jones lurched toward a disappointing session on Friday. Fauci’s call to reopen the U.S. economy in a safe way failed to rally Wall Street. Trump’s surprise press conference turned out to be an utter non-event for the stock market. The Dow Jones dealt bulls a discouraging hand on Friday, and not just because a surprise press conference from President Donald Trump turned out to be a complete dud. Neither Dr. Anthony Fauci’s call to reopen the U.S. economy nor Defense Secretary Mark Esper’s vaccine praise managed to spark…

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federal reserve Gold Price Market News Op-ed 

Is The Gold Price Facing A 2013-Style Crash?

Gold prices are booming, as XAU/USD is now above $1750 The rapid increase in demand for the safe-haven metal has stretched market positioning to extreme levels. If no headline inflation appears, is gold set to crash like it did in 2011? The gold price is booming. As bugs dream of record highs and the collapse of the U.S. dollar, there could be a speculative abandon forming. Is it the same kind of dangerous bubble that fans of the haven metal see in the U.S. stock market? Gold Powers Above $1750…

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