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FED RATE CUT TANKS WALL STREET

by | Mar 3, 2020

Short-selling returned to Wall Street after 67-year-old Federal Reserve Board Chairman Jerome Powell slashed 50 basis points off the Federal Funds rate, taking the benchmark rate to 1.25%. Instead of spurring a rally, Wall Street sold off again, leaving the Dow Jones...

CORONAVIRUS DEATHS TRIPLE IN U.S.

by | Mar 2, 2020

Raining on Wall Street’s parade today, deaths from coronavirus rose from two to six cases in the U.S., just when the stock market shrugged off fears, rocketing the Dow Jones Industrial Average up 1,293.96 or 5.09% in the biggest one-day gain in U.S. history....

SUPER TUESDAY LANDSCAPE CHANGES

by | Mar 1, 2020

When Super-Tuesday, March 3 rolls around, it will be missing 62-year-old billionaire Tome Steyer who finished third in the South Carolina primary with 11.3%, not too bad, three percent ahead of 37-year-old former South Bend Mayor Pete Buttigieg at 8.2%. Steyer...

MEDICARE-FOR-ALL IN SOUTH CAROLINA

by | Feb 29, 2020

Going to the polls in South Carolina today, Democrat voters have a lot to think about, especially about their lack of health care. With former Vice President Joe Biden (D-Del) counting on the poor-and-middle class black vote, recent polls show that South Carolina...

WALL STREET CONTINUES TO TAKE PROFITS

by | Feb 28, 2020

Continuing to sell-off, Wall Street again showed that profit-taking rules the day when funds exploit any national or global crisis to lock-in gains. Wall Street analysts know at some point soon, capitulation will happen, where the nation’s biggest funds buy back into...