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Do you see what I see?

Do you see what I see?

This morning what I saw in photos and videos from this past Memorial Day weekend was a country rushing pell mell toward re-opening the economy without a thought for safety amidst a still uncontrolled coronavirus outbreak. I saw photos of crowds at beaches, on board...
China is the big wild card this week

China is the big wild card this week

China isn’t the only story out there with market moving potential but it is the “ripest.” We won’t have anything but anecdotal accounts of the collapse of social distancing at events across the country this weekend and we won’t know how...
Mortgage delinquencies soar in April

Mortgage delinquencies soar in April

The number of borrowers who stopped paying their home loans jumped by 1.6 million last month, according to data from Black Knight, a real estate analytics company. The national mortgage delinquency rate rose to 6.45% in April, up from 3.06% in March. That’s...
Oil keeps on rallying–and takes market with it

Oil keeps on rallying–and takes market with it

Remember how back on April 20 West Texas Intermediate traded at a negative $40.32 a barrel on the futures market? Then the fears were that anyone who owned a forward future and who was forced to accept delivery of that oil would not be able to find a place to store...
Stocks roar ahead on perfect storm of good news

Stocks roar ahead on perfect storm of good news

As of 1 p.m. New York time today, May 18, the Standard & Poor’s 500 is up 3.17% and the Dow Jones Industrial Average is higher by 3.60%. The NASDAQ Composite has climbed 2.47% and the Russell 2000 small cap index is ahead 5.29%. The iShares Emerging Markets...
Retail sales plunge 16.4% in April

Retail sales plunge 16.4% in April

U.S. retail sales fell 16.4% in April from March levels, the Commerce Department reported today. March itself had seen an 8.3% month to month drop. Economists surveyed by Bloomberg were looking for a 12% decline. In a separate report from the Federal Reserve today...
Selling Visa out of Dividend Portfolio to make room for new dividend strategy and picks

Credit crunch hits credit cards hard

Credit card issuers have already cut the credit limits or closed credit card accounts entirely for about 1 in 4 credit card holders–almost 50 million Americans–in the past 30 days, according to a survey byLending Tree’s Compare Cards website. The...