Fast two-week market drop as V recovery fades… Pessimistic reports on the economy, employment and vaccine progress resulted in investors shedding positions to capture profits and protect ...
Week In Review – September 8 2020
Somebody kicked the sleeping bear… Last week’s volatility woke up many investors, especially those that have been late in joining the bull market. What it means— Actually, when one examines the ...
Week In Review – August 24 2020
Federal Reserve Sees Need for More Government Spending… The Federal Reserve released the minutes of its July meeting. The bankers discussed the need for more federal government action to mend the ...
Week In Review – August 17 2020
Claims Dropped Below 1 Million for First Time in 21 Weeks… 963,000 Americans filed for initial jobless claims last week, less than the 1.1 million expected. What it means— Is it really good news? ...
Week In Review – August 10 2020
The U.S. Economy Created 1.783 Million Jobs in July… The unemployment rate fell from 11.1% to 10.2%. What it means— Good news: we’re almost below double-digit unemployment! Of course, ...
Week In Review – August 3 2020
Second-Quarter GDP Drops 32.9%… The number is annualized, so in the second quarter, GDP fell 8.2%. What it means— The best that can be said is that GDP fell less than expected last month. ...
Week In Review – July 27 2020
Covid-19 creating confusion and fear… Media reports of rising cases dominate the headlines. What it means— The media is not reporting much good news regarding falling death rates or demographic ...
Week In Review – July 21 2020
Initial Jobless Claims Stuck at 1.3 Million… Initial jobless claims eased by just a few thousand people, as another 1.3 million filed for jobless benefits for the first time. What it means— There ...
Week In Review – July 13 2020
Another 1.31 Million Americans Filed for Unemployment… Initial jobless claims barely dipped, falling 100,000 from 1.41 million. What it means— It’s almost the middle of July and the economic ...
Week In Review – July 7 2020
The U.S. Economy Regained 4.8 Million Jobs in June… The unemployment rate dropped from 13.3% to 11.1%. What it means— Bill Cosby claimed his grandmother had the best answer to the question of ...