Is Bad Economic News Finally Weighing on Stocks? – Ep. 64
Near 300 point drop in the Dow NASDAQ down 118 S&P down 30 points $1.50 gain in oil and oil stocks up No significant economic
Near 300 point drop in the Dow NASDAQ down 118 S&P down 30 points $1.50 gain in oil and oil stocks up No significant economic
Bad economic news coming in is more a deluge than a trickle Dollar continuing to drift lower since “patience” was removed New Zealand Dollar record
The Fed removed the word “patience” from their statement while promising patience We are likely to see weaker employment numbers, further delaying talk of rate
The Fed released long-awaited FOMC official statement Indicating they will be more patient without the word “patient” than when they were officially patient Why take
The Foreign exchange markets continue to ignore the darkening U.S. economic picture Dollar had best two-week gain since the financial crisis of 2008 Market exuberance
The NASDAQ 5,000 party ended nearly the day it began NASDAQ down more than 80 points Dow Jones down 332 points Outside reversal week a
February Non-Farm Payrolls Number – 295,000 jobs Unemployment down 5.5% Analysts were expecting a miss Dollar at a new high Productivity dropped 2.2% Factory orders
Poland became the 21st country to lower interest rates this year New record low to 1.5% Polish economy is strongest in three years Growing faster
First trading day of march – NASDAQ closed above 5000 for the first time in 15 years Each time the market goes up with crazy
Government released revised estimate for Q4 GDP Initial estimate was 2.6; revised down to 2.2 Economic growth dipped from 5% in Q3 to 2.18% in