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There was a crack in Wall Street’s armor today, but it wasn’t jobless claims that made investors blink … it was China.

by Joseph Hargett May 21, 2020 Great Stuff

The New Red Scare Here we are… Another Thursday, another weekly initial jobless claims report … and another stock market rally? Some 2.4 million Americans filed for first-time unemployment claims last week. The nine-week total of continuing claims now stands at nearly 39 million. Despite Main Street’s pain, Wall Street’s song remains the same. The […]

Positive vaccine data prompts stock market spike. Is this the beginning of the end for the coronavirus nightmare?

Vaccine Dreams: Moderna, Sorrento and Novavax

by Joseph Hargett May 18, 2020 Great Stuff

Damn the Torpedoes! The U.S. economy’s got something. We both know it, but we don’t talk too much about it. Ain’t no real big secret all the same. Somehow, we get around it. Listen, it don’t really matter to Wall Street. Investors believe what they want to believe. And what Wall Street believes right now […]

Holy cats! It was a busy Friday: consumer spending, blocked Huawei, Chinese threats, virus testing, bouncing banks? That’s quite a smorgasbord of market-moving data.

Retail Weeps, China Creeps, Bankers Beat and Testing Sleeps

by Joseph Hargett May 15, 2020 Great Stuff

Friday Four Play: You Down With PPT? Holy cats! It was one busy Friday. I mean, we had a literal smorgasbord of market-moving data … all in one day: Consumer spending set another record in April, plunging 16.4%. President Trump blocked semiconductor shipments to Huawei. China threatened to activate its “unreliable entity list.” Trump questioned […]

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 […]