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Latest Insights on WRAP

As hopeful as you want to be … as hopeful as Wall Street wants to be … we aren't close to getting past the worst of the spread. 3.28 Million Lost; Micron Moves; Cheesecake Blues March 26, 2020 by Joseph Hargett Great Stuff Denial, Seems It Had to Come I warned you it was coming. I warned you it’d be bad. Relied on me to say it all. (Any Sevendust fans out there? No? Oh well…) Weekly jobless claims arrived today, and they were record-breaking. The U.S. Department of Labor reported that 3.28 million Americans filed for unemployment […]
Don’t Buy the Dip, This Bear Market Has Legs March 23, 2020 by Matt Badiali American Investor Today, Investing This market crash is a record breaker. We’ve never seen stocks fall this fast in modern history. And stocks likely have further to fall. Matt Badiali tells you why it is too early to start buying the dip.
Steven be nimble, Steven be quick. Steven Mnuchin, U.S. Treasury Secretary, wants Congress to hand out cash real slick. ’Cause cash is the public’s only friend. Washington’s Cash Injection; Fujifilm’s Big Rejection March 19, 2020 by Joseph Hargett Great Stuff Bye, Bye, Bull Market Ride A long, long time ago … I can still remember how that bull market used to make me smile. And I knew if I had my way that I could make those winning trades, and maybe we’d be happy for a while. But March made me shiver, with every issue […]
What we’ve got here is failure to communicate. Wall Street is saying loud and clear that it is not happy with last night’s speech. Travel Bans and Broken Circuit Breakers March 12, 2020 by Joseph Hargett 2020 Financial Crisis, Great Stuff Rolling in the Deep Double the circuit breakers, double the fun? For the second time this week, trading halted on Wall Street — both in futures trading and during the regular session. Welcome to the bear market. Sparking the chaos this time around was President Trump’s less-than-reassuring and confusing response to the growing COVID-19 threat. […]
President Trump tried to ease COVID-19 fears last night, but that attempt went over like a lead balloon with Wall Street. Trump Touts Containment; Investors Ain’t Having It February 27, 2020 by Joseph Hargett 2020 Financial Crisis, Great Stuff Going to California There was an attempt last night to assuage growing coronavirus fears in the U.S. But that attempt went over like a lead balloon. Following the fifth consecutive drop in U.S. markets, President Donald Trump expressed a whole lotta love for the nation. Trump assured everyone: “Because of all we’ve done the risk […]

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