Market FOMO Rising; Disney Plus UltraApril 9, 2020by Joseph HargettGreat StuffMr. FOMO Risin’ If you ever needed clear proof that the stock market does not represent the U.S. economy, today provided it. The U.S. Department of Labor announced that 6.6 million Americans filed for first-time unemployment benefits last week. The latest data bring the total of new claims to more than 16 million for the […]
Senate Knows Best?; Sucker Bets on Jumbo JetsMarch 25, 2020by Joseph HargettGreat StuffMo’ Money, Fewer Problems? They did it. They finally did it. By “they,” I mean Congress … and by “it,” I mean a stimulus package deal to combat the coronavirus. The Senate and the White House announced late last night that they reached an agreement on a historic $2 trillion spending bill. (That’s trillion with […]
Fed on the Run; Apple Stunned; Airlines PlungeMarch 16, 2020by Joseph HargettGreat StuffWhen the Fed Hits the Fan… Anyone else feel like they’re stuck in a time loop? This morning, U.S. futures trading halted after hitting a down-limit loss of 5% … again. Then, immediately after the markets opened for regular trading, stocks plunged 8% to trigger another halt … again. This fresh round of Wall Street […]
Apple Is the Canary; Buffett Goes Kroger-ingFebruary 18, 2020by Joseph HargettGreat StuffCOVID-19: Greater Than Just Apple Oh man … what a weekend! (There ain’t no party like a Presidents Day party. Am I right?) But it wasn’t all George-cherry Jell-O shots and Abe appletinis… In this midst of consuming my executive branch libations, I was struck with a thought: What would it take for Wall Street […]
Hong Kong Fluey; Airlines Clash; Chip Hopes DashedJanuary 27, 2020by Joseph Hargett2020 Financial Crisis, Great StuffHong Kong Fluey It’s no secret that I like being right, dear readers. But not like this … not like this. The Wuhan coronavirus has spread to nearly 3,000 confirmed infections and close to 80 deaths. China has now quarantined 16 cities, issued a group-travel ban and a ban on eating wild meat in Wuhan. […]
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