Things you need to know: Global markets collapse as the virus spreads Oil under pressure as the Saudis ramp up production Jay Powell – suggests that both 1st and 2nd quarter growth will be negative. Remember – people sell what they can in times of panic and stocks are easy to sell Try the Sweet Sausage Risotto KENNY POLCARI, Editor, …
COVID-19 Statement
March 12, 2020 Dear Clients and Friends, At SlateStone Wealth, the health and safety of our clients, employees, and business partners is a top priority as is providing a high-level continuation of our services in times of uncertainty. Amid the growing concerns over the spread of the novel coronavirus (COVID-19), we are taking additional steps to be extra vigilant. This …
Stocks Got Smashed on Wednesday
Things you need to know: Global Markets continue to sell off Trump doesn’t use the word ‘bailout’ but does ban travel from Europe Oil continues to fall – teasing $30/barrel Try the Minestrone KENNY POLCARI, Editor, Chief Market Strategist and Consultant Circuit breaker limits today Level 1 – S&P must fall 7% – 191.90 pts Level 2 – S&P must …
So You Think It’s Over?
Things you need to know: Donny proposes 0% payroll taxes through year end Joey Biden takes a solid lead in the Democratic party leaving Bernie in the dust Market rallied 1200 pts! BoE – makes an emergency rate cut of 50 bps while the ECB sounds the alarm Try the Sweet Corn Crème Brulee KENNY POLCARI, Editor, Chief Market Strategist …
It’s a WAR Out There!
Things you need to know: Global markets attempting to rally (a little) Investors go bargain hunting across all sectors Russia stands pat saying that $30 oil is fine with them (Laughable) We all want some comfort – try the potato and eggs! KENNY POLCARI, Editor, Chief Market Strategist and Consultant Circuit breaker limits today Level 1 – S&P – 192 …
Global markets are in meltdown mode!
Things you need to know: Oil crashes – as the Saudi’s look to punish Putin – lows of the day $28/barrel Stock futures trade “limit down” – suggesting that US circuit breakers could be triggered The Safety Trade has a new definition as 10-year yields plunge Is the FED ready for another emergency cut? (Useless) Try the Spaghetti Fini with …
The “Two Viruses” Spread
Things you need to know: Markets continue to get hit by the two viruses – COVID19 and FED Policy As stocks fall, US Treasuries surge – sending yields to 0.795% this morning Russia says NO to production cuts – oil declines by 5% – WTI breaks $44/barrel Halts in trading happen when the S&P falls 7% — that would be …
Does it get any better than this? Joe Biden takes the lead, what now?
Things you need to know: Joey’s wins cause a visceral reaction in the markets. Bloomberg bows out and pledges millions to help the democrats Dow surges by 1200 pts – Algos do it again, but yesterday felt good! Try the Pacific Halibut KENNY POLCARI, Editor, Chief Market Strategist and Consultant Does it get any better than this? Joe Biden takes …
G-7 stays put
Things you need to know: Joey is alive and kicking butt all over the country – it is now a two horse race US futures rise as a Biden candidacy becomes more realistic – Bye bye Lizzy… The FED says that recent rout had ‘nothing to do with emergency rate cut’ (hahahahaha) Loretta (Mester) telling CNBC that this is a …
Stocks soar!
Things you need to know: Algos go wild – sending the Dow soaring – Apple up 9%! Expectation is for coordinated central bank action – G7 meeting NOW. Energy, Tech, Healthcare, Industrials all lead the way higher Democrats rally behind Joey to push Bernie out. Today is Super Tuesday… Try the Rigatoni with Mustard Cream KENNY POLCARI, Editor, Chief Market …
