Protect Your Future Today
After last night’s Democratic primaries, things aren’t looking so hot for Bernie Sanders, once the presumptive nominee for the Democratic Presidential nomination. Joe Biden currently leads Sanders in the delegate race, about 860 to 710. That’s not an insurmountable lead, but the change in momentum that occurred after Super...
If you thought the last two weeks were bad for stocks, they just went from bad to worse. The Dow Jones dropped almost 1,900 points to start the day, an over 7% drop. The S&P 500 dropped 7% too, triggering the New York Stock Exchange’s first circuit breaker, the...
With the Federal Open Market Committee (FOMC) moving last week to cut its target federal funds rate by 50 basis points, all eyes are on next week’s FOMC meeting to see what the Fed does next. The expectations are for the Fed to continue cutting interest rates, as other...
Last week saw stock markets having perhaps their worst week since the financial crisis. All major stock markets entered correction territory in record time, with the Dow Jones, S&P 500, and Nasdaq all losing over 10% of their value in a little over a week. The Dow Jones suffered...
If you’re not familiar with the President’s Working Group on Financial Markets, you should be. Also known as the Plunge Protection Team, the group works behind the scenes to shore up financial markets. Consisting of the Treasury Secretary, Federal Reserve Chairman, and the Chairmen of the Securities Exchange Commission...
In a move that hasn’t been made since the financial crisis, the Federal Reserve this morning announced that it was cutting its target federal funds rate by 50 basis points, to 1 to 1.25%. The move came just two weeks before the Federal Open Market Committee was scheduled to...
Last week was an absolute bloodbath for markets, as stock markets shed trillions of dollars worth of paper wealth. The Dow Jones lost over 3,500 points over the course of the week, prompting the Federal Reserve Chairman to pledge the Fed’s full support to markets on Friday afternoon. But...
There seems to be a great deal of complacency among many in the United States about the effect that the coronavirus will have on the US economy. Thus far it’s been treated as an issue that only affects China, and whose effects on the US economy will be limited....