The ninth surprise rate cut in history is the second due to the coronavirus In a dramatic and emergency action to support the U.S. economy during the coronavirus pandemic, the Federal Reserve announced it would cut its target interest rate to near zero. And it announced it on a Sunday. While the Fed was scheduled …
Monday, March 16, 2020 – Once again, markets are rapidly moving this morning as the U.S. Federal Reserve announced a second emergency rate cut to zero on Sunday in conjunction with Central Banks around the world. Chairman Jerome Powell announced that Monetary Policy had run its course and that a Fiscal Stimulus is needed to …
MARKETS RETREAT AS CORONAVIRUS WORRIES INTENSIFY, PUSHING THE 30–YEAR TREASURY TO ITS ALL–TIME LOW Weekly Market Update — February 25th, 2020 The tech–laden NASDAQ and the broad, large–cap S&P 500 both hit new closing records this week, but trailed off toward the end of the week and finished in the red NASDAQ lost the most …
MARKETS RETREAT AS CORONAVIRUS WORRIES INTENSIFY Read More »
Weekly Market Update — January 3, 2020 The U.S. stock markets inched down during the final holiday-shortened week of 2019, ending their recent win streak but still capping off a remarkable year On the week, NASDAQ inched up 0.2% whereas the S&P 500 and the DJIA declined 0.2% and 0.4%, respectively The smaller–cap Russell 2000 …
MARKETS END THE WEEK MIXED TO CAP OFF A REMARKABLE YEAR Read More »
TRUMP GETS IMPEACHED, NAFTA 2.0 PASSES, THE HOUSING MARKET STAYS STRONG AND THE MARKETS HIT MORE RECORD HIGHS Twas the week before Christmas and U.S. markets are finishing high, driven by low unemployment, strong housing and real progress with NAFTA 2.0, China and Brexit Despite an impeachment vote in the House of Representatives, the S&P …
U.S. STOCKS DECLINE MODESTLY, SNAPPING SIX CONSECUTIVE WEEKS OF GREEN NUMBERS The U.S. equity markets paused this week, retreating modestly after six weeks of impressive gains NASDAQ declined just 0.2%, followed by the S&P 500\’s drop of 0.3% The smaller–cap Russell 2000 and the mega–cap DJIA both declined this week too, as both indices lost …
STOCKS UP FOR SIXTH WEEK IN A ROW ON HOPES OF A CHINA TRADE DEAL COMING SOONER RATHER THAN LATER U.S. stocks reached another record high, as the major indices rose for the sixth straight week, which is the longest winning streak in two years The DJIA led the way this week by rising 1.2%, …
MARKETS HIT NEW HIGHS AS THE FED CUTS RATES AGAIN, EARNINGS GROWTH INCREASES AND A GOLDILOCKS JOBS REPORT IS RELEASED Weekly Market Performance U.S. stocks climbed to new record highs amidst a slew of positive actions and data, including the Fed cutting rates for the third time this year, another Goldilocks jobs report and …
Thrive Weekly Economic Update – November 4th, 2019 Read More »
GE Workers on Edge After Pension Freeze November 15th Deadline Looms as Holiday Season Approaches General Electric Co. said it was freezing its pension plan for about 20,000 U.S. workers and offering pension buyouts to 100,000 former employees, as the conglomerate joins the ranks of U.S. companies phasing out a guaranteed retirement. GE is …
GE FREEZES 20,000 PENSIONS – 100,000 Offered Lump-Sum Buyout Read More »
MARKETS MOSTLY UP AS EARNINGS SEASON KICKS OFF AND THE IMF AGAIN CUTS ITS GLOBAL GROWTH OUTLOOK FOR 2019 Stocks finished the week mostly higher as earnings season got off to a great start and amidst positive developments that the trade saga with China is getting closer to resolution The small–cap Russell 2000 led …
Thrive Weekly Economic Update – October 21st, 2019 Read More »