Federal Reserve Sees Need for More Government Spending… The Federal Reserve released the minutes of its July meeting. The bankers discussed the need for more federal government action to mend the ...
Week In Review – August 3 2020
Second-Quarter GDP Drops 32.9%… The number is annualized, so in the second quarter, GDP fell 8.2%. What it means— The best that can be said is that GDP fell less than expected last month. ...
Week In Review – June 15 2020
The Federal Reserve Expects to Hold Rates at Zero for Years… At their regularly scheduled meeting, the bankers unanimously agreed to hold rates at zero while buying more bonds. What it ...
Week In Review – May 4 2020
3.84 Million Americans File Initial Jobless Claims… The additional jobless claims bring the six-week total to 30 million. What it means—The estimate was for 3.5 million claims. There was a ...
Monday Market Comments
Friday extended the HOPE rally with the announcement that social distancing is about to be relaxed. SPY closed above prior resistance three days last week above the 50% retracement and the 50-DMA. ...