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Latest Insights on WRAP

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
by Joseph Hargett March 19, 2020 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
by Joseph Hargett March 12, 2020 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
by Joseph Hargett February 27, 2020 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 […]
South Korea and Iran report COVID-19 outbreaks, but it was Italy’s news that truly sank Wall Street. Wall Street’s Italian Job; Gilead’s Gilded Lead
by Joseph Hargett February 24, 2020 2020 Financial Crisis, Great Stuff
The Kings of Wishful Thinking “I’ll get over you; I know I will. I’ll pretend my ship’s not sinking.” — Go West Don’t look now, but we have our first major COVID-19 outbreak in a Western country. Italy announced over the weekend that the number of confirmed coronavirus infections spiked to 230 patients. In response, […]
Best-Kept Secret: How David Pocketed $51,000 Last Year
by Kristen Barrett February 22, 2020 American Investor Today, Trading Strategies
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