Market Alert – May 20
In the last week 2.123 million more Americans filed for unemployment benefits for the first time. This brings the ten-week total to 40.767 million, dramatically more than at any period in American history.
In today’s ‘Market Alert’ I look at yesterday move in the Dow and why you should buy stocks in the pre-market session and not the main session!
In today’s Market Alert I look at the market’s reaction to the New York Stock exchange being opened following the recent lock down from the COVID-19 lock down.
In today’s ‘Market Alert’ I play catch up and look at Friday’s market action and the electronic session from yesterday.
There seems to be a lot of talk of a second wave of selling coming into the market, and I also have a look at this in relation to where the markets are currently trading.
In today’s ‘Market Alert’ I look at the latest weekly jobless claims from the US and also the Fed’s balance sheet, which now exceeds $7 trillion in asset purchases. The madness continues and will only get worse!
In today’s ‘Market Alert’ I look at why it’s inevitable that the BOE is going to go negative with interest rates and the implication in doing this.
In today’s ‘Market Alert’ I look at yesterday’s UK Jobless Claims and also why silver is still currently the most undervalued asset on the planet.
The stock markets were quiet until Powell spoke at midday during Monday’s pre-market session. Promising to do ‘what it takes’ sent the market vertical, and by the end of the day, the Dow was up 900 pts from Friday’s close.
In today’s ‘Market Alert’ I look at Friday’s market and also discuss the latest on the Fed’s balance sheet. I also at why the Fed is now having to print money to pay the interest on the pandemic bills!
In today’s ‘Market Alert’ I look at yesterday’s US Weekly Jobless Claims and the stock markets reaction to it!
In today’s ‘Market Alert’ I look at how Powell’s comments sent stock prices lower and what to expect going forward.
In today’s ‘Market Alert’ I look at the market’s negative reaction to the announcement from the Governor of LA who has extended the ‘lockdown’ until July 20.
In today’s Market Alert I look at Friday’s Non Farm Payroll numbers and what to expect going forward.
I also discuss an interview by Greg Hunter with Jim Sinclair, aka ‘Mr Gold’ who explains why it was fortuitous that the Corona Virus pandemic appeared when it did for all of the banks and financial system as a whole. Here’s the link – https://www.youtube.com/watch?v=RDZQoQ61RrY
Today’s Market Alert focuses on yesterday’s 3.2 million new job losses, plus the prospect of the Fed Funds Rate being negative by December 20!
In today’s ‘Market Alert’ I look at the effect of the ADP figures on the market and what to expect today when the weekly Initial Jobless Claims are released.
Prices dropped sharply in the pre-market session following an announcement by the German courses saying the ECB’s QE PSPP scheme was unconstitutional! About time! However, it didn’t take the plunge team long to bring the market back to the highs before the cash market opened at 14:30 BST.
All was going well until the last hour when the Fed’s Clarida said, “We’re in a global recession” which saw the market reset the day’s lows.
After closing down over 600pts in Friday’s session, the Dow gapped lower on Monday morning as stocks struggle to move higher!
In today’s ‘Market Alert’ I look at the market’s reaction to Thursday’s weekly initial jobless claims.