Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]
President Trump didn’t impose bans on European travelers, including those from coronavirus-ravaged Italy, until mid-March. That, along with events such as Mardi Gras, and returning cruisers from nine Nile River cruises in February and early March, contributed to the rapid spread of Covid-19 in the United States. The U.S. Centers for Disease Control and Prevention […] …read more […]
(Bloomberg) — U.S. stock-index futures slid, extending Friday’s sell-off as investor sentiment cooled at the start of May following a recent rally. Contracts on the S&P 500 Index were down 1.7% as of 8:41 a.m. in Tokyo. Futures fell 1.7% on the Nasdaq 100 Index and 1.4% on the Dow Jones Industrial Average. Oil futures also declined as investors continued to cut their exposure to nearer-term contracts.Political tensions between the U.S. and China flared up over the origin of the coronavirus. U.S. Secretary of State Michael Pompeo said “enormous evidence” shows the outbreak began in a laboratory in Wuhan, China, …read more […]
(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. dumped its stakes in the four largest U.S. airlines but the billionaire investor remains deeply exposed to the collapse in air travel.Berkshire still owns all of Precision Castparts Corp., a supplier of aerospace parts that’s bracing for lean times as Boeing Co. and Airbus SE cut jetliner production. Berkshire bought Precision Castparts in 2016 in a transaction valued at $37.2 billion, making it one of Buffett’s biggest deals.Now the maker of jet-engine blades and aircraft structural components is facing a double whammy as the coronavirus pandemic all but erases demand for flights, prompting …read more […]
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]
U.S. universities are reeling from the chaos resulting from the coronavirus pandemic, and one dean’s far-sighted business move might help save his school a lot of money. …read more […]
Stock futures opened lower Sunday evening, as mounting concerns that companies would see lasting damage in the aftermath of the coronavirus pandemic spooked market participants. …read more […]
(Bloomberg) — U.S. equity futures declined in early trading, indicating the risk-off move that’s hit markets at the start of this month may have further to run.S&P 500 futures opened about 1% lower after global stocks posted a more than 2% slide on Friday. The Australian dollar slipped along with the pound and euro, though moves for most major currency pairs were subdued. Trading volumes may be light due to holidays in China and Japan, and Treasuries won’t trade until the London open. Oil began the week on the back foot.The more than 10% rally in world shares in April …read more […]
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]
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