More dismal economic data will reverse the stock market rally. The U.S. held record household debt going into the COVID-19 panic. Then disposable personal income and consumer spending crashed in March. The Dow Jones has achieved a recovery that’s been just as head-scratching as it has been robust. But more dismal economic data reveal the…
The Dow Jones struggled for a second straight day on Tuesday.Crashing oil prices continue to be a major headwind for the U.S. stock market.Oil stocks Chevron and Exxon Mobil continue to resist gravity, despite the plunge in WTI futur…
The stock market crash accelerated mid-week as falling oil prices and a surging U.S. dollar weighed on equities. Dow bulls are heading for the hills as the psychologically significant 20,000 level has given way. Nordea Research believes the spike in bond yields is the next phase of the coronavirus crisis. The Dow Jones plummeted by…
The U.S. stock market fell again on Friday after the WHO raised its threat level on the coronavirus (COVID-19) to “very high” and flirted with “pandemic” terminology. Briefly boosting a shaky Dow Jones, Fed Chair Jerome Powell spoke this afternoon. A cataclysmic drop in Boeing shares did much of the damage to the Dow 30.…
The price of gold plunged anew on Friday, as risk appetite fueled equities at the expense of safe-haven assets following news of U.S.-China trade progress. Futures on December gold delivery tumbled all the way down to $1,478.00 a troy ounce on the Comex division of the New York Mercantile Exchange, the lowest since Sept. 30.…
