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Credit markets are even uglier than stock markets

Credit markets are even uglier than stock markets

By now I assume you know that today was another brutal day for U.S. stocks (although markets moved up significantly in the last hour.) The Standard & Poor’s 500 closed down another 1.71% and the Dow Jones Industrials dropped 0.98%. The NASDAQ Composite was...
OPEC production curbs collapse in Russia-Saudi fight

OPEC production curbs collapse in Russia-Saudi fight

It’s over. The three-year marriage of convenience between Saudi Arabia and Russia is done. The Saudi’s argued that Russia and OPEC producers must cut production further in response to falling demand for oil in the face of the coronavirus outbreak. Russia...
Is a 20% drop in these Dip-o-Meter stocks enough?

Is a 20% drop in these Dip-o-Meter stocks enough?

I ran the prices and the performance of the 15 Dip-o-Meter stocks last night to see if any were yet in Buy-on-the-dip category. Of course all those numbers have been left needing big revisions after today’s rally. (I’ll wait a day on that revision to see...
What now for Treasuries and their ETFs? Should you be buying even at record low yields? I’m adding shares of Vanguard’s 1-3 year Treasury ETF

For another day the Federal Reserve rallies the market

It was just four sentences–“The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will...
The odd mini rally in China stocks

The odd mini rally in China stocks

It was less obvious today when there were other splashes of green among global stocks. But on Monday and Tuesday, the trend was readily apparent since so few stocks moved up on those days and so much of the market was colored a bright red. Oddly enough some China...