The stock market is attempting to stabilize, but the economic indicators continue to point to a slowdown. In this brief economic update I highlight what the DATA is saying along with ideas on what you should be doing to prepare for what could be a big move up or down.
After 25 years of following the financial markets every day, you’d think I’d grow used to the sensationalized headlines of every single market move and every single economic data point. Today the financial media was reminding us that the ISM Manufacturing data released this morning showed
Last March the markets panicked as the yield curve “inverted”. It inverted once again this week causing a sharp sell-off on Wednesday. An inverted yield curve means short-term interest rates are higher than long-term interest rates. This has long been known as a leading indicator of a recession.
Some pundits have postulated that the President’s “hold my beer” tweet following the Fed’s decision to “only” cut interest rates by 1/4% instead of 1/2% was to force the Fed’s hand into cutting rates much more significantly in
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
