Stocks were off to the races, again, this morning as the economic data came in better than expected as expressed in the ADP private employment report and the ISM Non-Manufacturing Index. It was a ‘risk on’ day, so gold and
Shares of GameStop (GME) were in focus after retail giant Walmart (WMT) announced that it is entering the collectibles sector. WHAT’S NEW: Earlier today, Walmart said that it is “leveling up its pop culture merchandise”, introducing a new, dedicated collectibles
On March 9, 2007, Rhode Island Representative Patrick Kennedy introduced HR 1424. At the time it was to be known as the Paul Wellstone Mental Health and Addiction Equity Act of 2007. The bill contained five small sections intending to
Yields spiked by the most since Nov 2016 (the day of and following President Trump’s election). NOTE – After 1430ET, bond were suddenly bid (and stocks sold off). 30Y yields spiked to the highest since Sept 2014… 10Y
This morning’s jobs report was stronger than expected, which – combined with Amazon’s dramatic increase in its minimum wage to $15/hr — implies rising wages going forward. The bond market reacted as you’d expect to the prospect of higher wage
There are some pretty glaring divergences in this market right now (sound familiar?). I thought it would be interesting to show the difference in the charts right now between Apple, (AAPL) which is hitting new all-time highs and breaking out