After a quiet day yesterday, the market is again falling on the possibility of a protracted trade war with China. From the linked CNBC article:

Stocks steadied Wednesday after two days of brutal selling that particularly slammed companies and sectors with exposure to China, like Caterpillar and the semiconductor industry. The market lost its gains late in the day, and the Dow closed barely higher while the S&P 500 was down 4, at 2,879.

Ed Keon, chief investment strategist at QMA, said the situation remains uncertain. “The odds of something going wrong are much higher today than they were last Friday, when there was pretty much consensus that deal was going to be done and we would have an announcement,” he said.

{ 0 comments }

China’s Xi discusses Reforms

by Laura Ehrenberg-Chesler on April 26, 2019 in Foreign Markets

CNBC reported today that China’s Xi Jinping spent a good portion of his speech about global trade talking about reforming his country’s approach on this issue. “Instead of focusing solely on his signature investment initiative, Chinese President Xi Jinping spent a good portion of a speech at the Friday opening ceremony of China’s Belt and […]

Read the full article →

Social Security…..Americans should save more

by Laura Ehrenberg-Chesler on April 23, 2019 in lifestyle

From today’s WSJ: “The Social Security program’s costs will exceed its income in 2020 for the first time since 1982—two years later than officials projected last year—forcing the program to dip into its nearly $3 trillion trust fund to cover benefits. But by 2035, those reserves will be depleted and Social Security will no longer […]

Read the full article →

Mice and Aging

by Laura Ehrenberg-Chesler on March 27, 2019 in lifestyle

In today’s “Wall Street Journal” there is a fascinating article on the importance of mice to the research of aging. Grace and Blanche, two old mice who were second cousins, reached relative fame before dying within months of each other at their home in Bar Harbor, Maine. Known fondly as the Golden Girls at Jackson […]

Read the full article →

Learning a New Trick from my Old Dog: Friendship- from the WSJ

by Laura Ehrenberg-Chesler on March 18, 2019 in lifestyle

As a dog lover, I really enjoyed Dave Barry’s essay today in the Wall Street Journal about learning to be more open like his dog. From the linked article: I turned 70 in the same year that my dog, Lucy, turned 10—or, in dog years, 70. So we’re basically at the same stage of life, […]

Read the full article →

Corporate Tax Cuts

by Laura Ehrenberg-Chesler on March 13, 2019 in corporate buybacks

From CNBC this morning: “A Goldman Sachs analysis out last week suggests there are misconceptions around the impact of President Donald Trump’s tax cuts. Many on Wall Street and Capitol Hill have said the tax cuts are being spent on corporate stock buybacks and not capital expenditures. Stock buybacks have been under attack on Capitol […]

Read the full article →

Fed Chair Affirms Patient Stance

by Marilou Moursund on February 26, 2019 in Economic Indicators

The Chairman of the Federal Reserve, testified before Congress today. He affirmed that the Fed would remain patient and data dependent when deciding whether or not to raise interest rates. From the linked WSJ article: Fed officials raised their benchmark short-term rate four times last year, most recently in December, but have since signaled further […]

Read the full article →

Retail Sales and the Economy

by Laura Ehrenberg-Chesler on February 20, 2019 in Economic Indicators

December retail sales were disappointing. Investors are concerned that this may presage a slowing economy in the near future. But after those sales numbers were reported, some additional data was released that may contradict the growing concern about a near term slowdown. Goldman Sachs recently reported that “several of the fundamental drivers of consumer spending, […]

Read the full article →

Good News Bad News for S&P Earnings

by Laura Ehrenberg-Chesler on February 7, 2019 in Commodities

A few days ago Ed Yardeni gave a summary of some good news as well as some bad news as it pertains to S&P earnings. All of these points are worth monitoring on an ongoing basis. On the good news side there is: (1) “Rebounding M-PMI. The good news is that the US M-PMI rebounded […]

Read the full article →

Confidence Boosters for the Market

by Laura Ehrenberg-Chesler on January 28, 2019 in Earnings

For the fourth quarter of 2018, and into the month of January 2019, the market has been worried about slowing growth and the possibility of a recession. Earnings reports have been mixed, with several large multi-nationals reporting disappointing numbers. Ed Yardeni articulates a few things that could bolster the confidence of the market over the […]

Read the full article →