Most of you probably didn’t notice, but a $693 million loan lost 1/3 of its value in the past week. It wasn’t a company anybody has heard of, which is part of the problem. Clover Technologies, a company that recycles printer cartridges, cell phones, and
After one of the worst May’s in decades, the S&P 500 is on the verge of the best June in over half a century. This follows the best start to the year since 1987 and the worst Christmas Eve on record. It is easy to see
This week the Federal Reserve gave every indication they are ready to cut interest rates as soon as July to fight a slowdown in economic growth (or at least that’s how the stock market participants took it.) Despite the celebration there are really only two outcomes for the
Bad news is good news right now for investors. It seems the uglier the economic data, the more excited they become. The reason, as we cited last week was the belief this will lead to Fed interest rate cuts sooner rather than later. Investors are conditioned to believe anytime the
On Tuesday, stocks posted their best single day jump since December. Earlier in the day, the financial media attributed it to a Chinese official saying the trade dispute with the US should be resolved with “talks”, not retaliatory tariffs. Later in the afternoon, the media said the rally
