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Latest Insights on ASTS

In the market’s sea of frothing bullishness, someone almost had an epiphany … and then stumbled over a pile of Fed cash and forgot it. 30 Million Unemployed; Tesla Cries Freedom; Microsoft Goes Hard April 30, 2020 by Joseph Hargett Great Stuff On the Turning Away… …from the pale and downtrodden … and the words that they say which we don’t understand. Wall Street almost — almost — became aware of the U.S. economy this morning. Continuing the epic U.S. employment saga, the Labor Department put another brick in the unemployment wall this morning. Some 3.8 million […]
Nearly every economic indicator points toward a Great Depression-like catastrophe, but the market is on a three-day, hope-inspired winning streak. It’s different this time. 3M’s Mask-on Magic; Pfizer Pfalls; Caterpillar Crawls April 28, 2020 by Joseph Hargett Great Stuff It’s Different This Time It’s the mantra of the hopeful and the rally cry of bullish investors whenever the market takes a turn for the worse. As I scanned headlines in the financial media this morning, the simple truth of these words struck me. Take this morning’s original MarketWatch headline for example: “Stocks rise for […]
The U.S. Senate just passed a new $484 billion pandemic relief bill. I was just thinking that I wasn’t stimulated enough. Oilers Upset; Nothin’ Streamin’ but Debt April 22, 2020 by Joseph Hargett Great Stuff Much Ado About Nothing? For the past several days, Wall Street fretted over plunging oil prices. Well, Wall Street was concerned for a while … the financial media just decided it was finally time to take notice. In classic financial media form, however, it appears that the hype surrounding negative oil prices actually prompted a […]
Don’t let this market play you for a fool. She don’t show no pity. She don’t make no rules. The Great Gilead Gaffe; P&G Earnings Are No Laugh April 17, 2020 by Joseph Hargett Great Stuff Friday Four Play: The “Fool in the Rain” Edition In the evening, when the day is done, I’m looking for market sanity, but the girl don’t come. So, don’t let the market play you for a fool. She don’t show no pity. She don’t make no rules. Last night, I scanned the market headlines before […]
The pandemic’s worst may be over, but this is just the tip of the pandemic iceberg where the U.S. economy is concerned. Titanic Earnings; Choppy Sailing; Cinemas Failing April 13, 2020 by Joseph Hargett Great Stuff A Titanic Earnings Season The markets rallied sharply last week in anticipation that things are starting to get better. And, admittedly they are … where the pandemic is concerned. According to the Centers for Disease Control and Prevention (CDC), the outbreak is finally stabilizing across the U.S. Dr. Anthony Fauci, director of the National Institute […]

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