Episodes

A Record $2.44 Trillion In Corporate Profits. So Why Is Wall Street Ignoring It?

Sept. 30, 2021

I guarantee that one group is not ignoring today's biggest announcement, the huge jump in Corporate Profits. That group is the analysts who work on Wall Street. These are the people who drive the portfolio's for the big mutu…

Corporate Profits Soar.

Sept. 30, 2021

Riding the wave over to the USA: things are looking much better. In the number one watched report today: corporate profits. US Corporate Profits exceeded even Wall Street's most optimistic predictions coming in with a 10 1/…

Wall Street Waits For Washington To Pass A Budget.

Sept. 30, 2021

Once again the nation waits for our members of Congress to come up with next years budget and an extension of the Federal Government's Debt Ceiling. Both actions need to be taken. This is a given, and it's been literally m…

Waiting For Washington...

Sept. 29, 2021

Once again the nation waits for our members of Congress to come up with next years budget and an extension of the Federal Government's Debt Ceiling. Both actions need to be taken. This is a given, and it's been literally m…

Fed Chair Powell Speaks Before Congress. Stocks Fade From Early Rally.

Sept. 29, 2021

Well, you may remember last night we talked about how good it would be if we could get a jump in Gasoline Inventories, as this might help staunch the skyrocketing price of gasoline. Well, the good news was that gas inventori…

Fed. Chair Powell Gets Grilled On Capital Hill.

Sept. 29, 2021

Yesterday Jerome Powell addressed the Senate Committee on Banking, today he will address the House Committee on Banking Housing and Urban Affairs. These testimonies are an important way in which the Federal Reserve communica…

Does America Need To Head In A New Economic Direction?

Sept. 29, 2021

Sometimes a simple map, is the best way to find your direction. Today OPEC showed us where we're headed.

A Technical Look At Today‘s Market Decline.

Sept. 28, 2021

Stocks were down all day. Looking at the technical condition of the market. Right out of the box, stocks headed down today. Leadership, if you can call it that, came from the social media stocks. Principally Google, Facebook…

Wall Street Is Allergic...To Higher Interest Rates.

Sept. 28, 2021

What we're seeing in the markets right now is a giant Allergic Reaction to Higher Interest Rates. Few people, outside the portals of Broad and Wall, comprehend just how important interest rates are to Wall Street. It is lite…

Time For The US To Change Economic Direction.

Sept. 28, 2021

The best way to find out where you're going is to simply get out a map. It will tell you where you're headed. There's no emotion in a map, no hidden objectives, no political correctness. Today OPEC, of all places gave the Un…

The Beginning Of Tight Money.

Sept. 28, 2021

If it weren't for the last minute, I wouldn't get anything done...Well that old joke seems to apply to Washington this week. In just 4 days, the Governments Fiscal Year will end. And will need a budget to proceed. And in tru…

The Beginning Of Tight Money.

Sept. 28, 2021

If it weren't for the last minute, I wouldn't get anything done...Well that old joke seems to apply to Washington this week. In just 4 days, the Governments Fiscal Year will end. And will need a budget to proceed. And in tru…

Washington Wants A Bigger Piece Of The Pie. Plus Market Close.

Sept. 27, 2021

Stocks were mixed today, with nearly all other asset classes, precious metals, Cryptos and most commodities all down.

Stocks Mixed, Blackstone Sells Cosmo. Midday Report.

Sept. 27, 2021

Markets right now are mixed right now, with the Dow up but S&P and NASDAQ both down. Principal weakness coming from a most unexpected spot: the 5 big Market leaders. Right now Microsoft, Apple and Amazon all down more than 1…

Washington Takes More.

Sept. 27, 2021

"If it weren't for the last minute, I wouldn't get anything done..." Well that old joke seems to apply to Washington this week. In just 4 days, the Governments Fiscal Year will end. And will need a budget to proceed. And in …

Washington Takes More.

Sept. 27, 2021

"If it weren't for the last minute, I wouldn't get anything done..." Well that old joke seems to apply to Washington this week. In just 4 days, the Governments Fiscal Year will end. And will need a budget to proceed. And in …