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With 36 million jobless claims and the China trade deal in the hot seat, Wall Street may have finally realized the enormity of the U.S.’s economic situation.

A Claim Too Far: The Market’s Line in the Sand

by Joseph Hargett May 14, 2020 Great Stuff

Batten Down the Hatches I struggled with sugarcoating things for you today, but then I remembered … this is Great Stuff, we don’t do that here! For the past couple of weeks, the market has idled in the eye of the pandemic storm. For all the volatility, the market has made little headway since early […]

Federal Reserve Chairman Jerome Powell spoke this morning, and it was all that Wall Street could do to keep from crying.

Powell’s Wake-Up Call; Uber Eats It All; Progyny Stands Tall

by Joseph Hargett May 13, 2020 Great Stuff

You Don’t Have to Call Me Darlin’ When Federal Reserve Chairman Jerome Powell spoke this morning, well … it was all that Wall Street could do to keep from crying. Speaking during a webcast with the Peterson Institute for International Economics, Powell warned that the COVID-19 pandemic could “leave behind lasting damage” to U.S. economic […]

Wall Street shrugs as the U.S. economy goes from the lowest unemployment rate in 50 years to the worst in 50 years … in less than two months.

Who Needs Jobs?; Uber Eats $3 Billion Loss; Roku’s Still Boss

by Joseph Hargett May 8, 2020 Great Stuff

Friday Four Play: The ¯\_(ツ)_/¯ Edition It’s official. The U.S. economy is in tatters … and Wall Street doesn’t seem to mind. According to the Labor Department, the U.S. lost a record 20.5 million jobs in April. That’s roughly 25 times more lost jobs than in the worst month of the 2008 financial crisis. Furthermore, […]

As jobless claims continue to soar, Wall Street’s sliver lining is “at least they aren’t soaring more.”

Jobs on the Line; Peloton’s Doing Fine

by Joseph Hargett May 7, 2020 Great Stuff

Wall Street’s Breaking Bad This must be Thursday. I never could get the hang of Thursdays. — Arthur Dent, The Hitchhiker’s Guide to the Galaxy. Indeed, it is Thursday, dear reader. And you know what that means … weekly unemployment claims and a market rally. (More optimistically, it’s also Reader Feedback day! Read on…) The […]