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Earnings season headlines promote a feeling of “everything’s OK” … but a darker message lies just beneath the surface. Relishing Relief: Fastenal Your Seatbelts April 14, 2020 by Joseph Hargett Great Stuff How Do You Spell Relief? And they’re off! The first (annual?) U.S. quarantined corporate earnings season kicked off this morning, and investors loved the red-hot rally action. It was 2% to 3% gains across the board as the market opened. Wall Street finally has concrete data on how the pandemic has affected American businesses. JPMorgan […]
I felt a great disturbance in the economy, as if millions of voices suddenly cried out in terror and were suddenly unemployed. 6.6 Million Job Cuts; Luckin Nuts; Zoom’s a Klutz April 2, 2020 by Joseph Hargett Great Stuff Thanks, I Hate Record-Setting Years Anyone else tired of records? I’m not talking about vinyl. My vinyl collection is one of the few things keeping me sane during this quarantine (The White Album, Led Zeppelin IV, Ziggy Stardust, Dark Side of the Moon, Facelift, Paul’s Boutique, World Domination … it gets more eccentric as the […]
Nothing says “market confidence” like two interest rate cuts in less than a month. Great Stuff has you covered — with stock market confidence to spare. Fed on the Run; Apple Stunned; Airlines Plunge March 16, 2020 by Joseph Hargett Great Stuff When 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 […]
Sportsball comes to a halt, but markets rebound and Wall Street takes it to the limit … one more time. March Madness; Disney Sadness; Apple Gladness March 13, 2020 by Joseph Hargett Great Stuff Friday Four Play: The “Take It to the Limit” Edition The third time’s the charm, right? That’s what they say, anyway. Dow futures hit the circuit breakers once again this morning as markets took it to the limit … one more time. Most of us are sad after Wall Street experienced its worst day since […]
Wall Street weights payroll tax cut promises. Also, stocks are up today … because stocks were down yesterday. Viral Taxes, Tesla Production Maxes, Dick’s Be Axin’ March 10, 2020 by Joseph Hargett Great Stuff Tax Cuts for Viruses I have a TLDR (too long, didn’t read) for you today: Stocks are up today … because stocks were down yesterday. It’s a bit tongue-in-cheek, but if the shoe fits … I think we can all agree that the market’s volatility has just been ridiculous lately. The financial media tell you […]

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