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Trade wars, geopolitical tensions, Federal Reserve policy, slowing economic growth, a nearly inverted yield curve — yes, this market has had a lot to deal with in 2019. Yet despite the problems, stocks keep going higher. This week, we got perhaps the biggest news on the political front in decades — the official opening of
The fact that stocks traded slightly to the downside this week is actually quite a good sign, given what could turn out to be the biggest political news in decades. I am referring here, of course, to the main headline this week in both the political and financial media — the launching of an official
The phrase “may you live in interesting times” has been used as a curse of sorts to wish someone a difficult existence. And though there is scant evidence that this proverb is of Chinese origin, as some claim, its true origin is tangential to its intention. Perhaps a better way to express this sentiment comes
Move over Alexandria Ocasio-Cortez, there’s a fresher, younger face replacing you as the poster child of anti-capitalism. Her name is Greta Thunberg. Ms. Thunberg is the newest high-profile global climate change warrior. On Monday, the 16-year-old Swedish activist addressed the world via the United Nations Climate Action Summit. There, she gave the following condescending statements:
Find out about our latest recommendations, and all of the most recent market-moving news, in the most recent issue of Successful Investing that has just been completed. I invite you to download the issue as soon as you have a chance. As a valued subscriber, we want you to have this information as quickly as
The big news in markets this week turned out to be somewhat of a non-event, at least in terms of actual stock price movement. Still, the Federal Reserve made a significant announcement at the conclusion of its September Federal Open Market (FOMC) meeting to cut its benchmark interest rate by 25 basis points. Going into
The big news in markets this week turned out to be somewhat of a non-event, at least in terms of actual stock price movement. Still, the announcement by the Federal Reserve at the conclusion of the September Federal Open Market (FOMC) meeting to cut its benchmark interest rate by 25 basis points was significant. Now,
Stocks continue to grind higher, and even yesterday’s somewhat disappointing announcement by the Federal Reserve that it would cut the cost of capital by “just” 25 basis points (the bulls wanted 50 basis points), along with Fed projections that it is basically done cutting this year, couldn’t keep the markets from closing higher. With the
It’s Fed day. What that means is that all market eyes, including my own, were eagerly anticipating the decision on interest rates by the Federal Reserve at the conclusion of the latest Federal Open Market Committee (FOMC) meeting. The markets also were eagerly anticipating the comments by Fed Chairman Jerome Powell in his post-FOMC-statement press
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