An ugly day for the NASDAQ. Major indices close at lows

Dow turns negative at the close It was an ugly day for the NASDAQ index. It fell 2% on the day on a decline of 265.8 points. The S&P index and Dow were down more modestly but both closed at the session lows.  The declines today cannot be blamed on yields moving higher. The treasury curve is lower across the board with […]

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S&P 500 traces out an ugly outside day to start the year. What are the worries?

Heavy selling kicks in All the positive sentiment in the market evaporated in a few hours. US equity futures were up more than 20 points in the premarket but case is now down by 40, trading an outside day on daily chart. I’m wondering how much that has to do with covid, how much is […]

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Fed Economic Update, “Ugly” China Recovery: Economic Commentary – April 9, 2020

Fed Chairman Jeremy Powell, the sponsor of “liquidity banquet” on the US money markets ensured that the Fed did not skimp on supply of credit resources. After turning a blind eye to moral hazard, he’ll share with us an updated assessment of the US economy, which will shed light on possible future policy decisions. In […]

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