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Archive for the ‘Volatility’ Category

Wells Fargo says it will cut its current dividend after Fed stress test

Wells Fargo (WFC) said today that it will cut its current 51-cent dividend after the Federal Reserve's most recent round of stress tests set new limits on dividend payouts and share buybacks. The bank said it will announce the size of the cut on July 14 when it announces quarterly earnings. Analysts expect a cut […]

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New claims for unemployment fall again but pace of recovery slows

Initial claims for unemployment fell by 60,000 for the week ended June 20 to 1.48 million, the Labor Department reported today. Economists surveyed by Bloomberg had expected a bigger drop to 1.32 million claims. The week's new claims figure was down from a drop of 1.54 million in the prior week. This week's data follow […]

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Wall Street’s hope for the next big thing from the Fed: Yield curve control

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Fed pledges to hold interest rates near 0% through 2022–stocks dip anyway

Could this be the first signs that the financial markets are questioning Goldilocks? Investors and traders heard almost everything they could have hoped to hear from the Federal Reserve's interest-rate setting Open Market Committee meeting today. Sure, the Fed didn't cut its current 0%-0.25% benchmark rate lower, but no one was expecting that. The Fed […]

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OECD projects global economy to shrink by 6% this year, worse than World Bank’s 5.2% forecast on Monday

The Organization for Economic Cooperation and Development, the developed world's economic think tank, today forecast that the global economy would shrink by 6% this year. (OECD members accounted for 62% of global GDP in 2017.) That conclusion is based on a scenario in which the coronavirus pandemic continues to receded. Under a scenario that includes […]

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The credit crunch is still with us, at least at Wells Fargo

On June 2 Wells Fargo (WFC) has announced that it will stop providing loans to a majority of its independent auto dealer customers. Wells Fargo, the largest U.S. mortgage lender, has already cut back on cash-out home mortgage refinancing loans over $250,000 and non-conforming purchase loans. In April the bank said it has set aside […]

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Can stocks now count on a Trump Put?

I think we witnessed the birth of a Trump Put on the stock market in today's Rose Garden press event that investors and traders can pin beside their terminals along with the Powell Put from the Federal Reserve. Ahead of what had been billed as an announcement from President Trump about China, U.S. stocks had […]

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Selling Twilio out of Volatility Portfolio today

I still love Twilio (TWLO) for the long term. It's positioning in the forefront of providing aps and a developer platform for linking multi-device input and replies into a single network makes this a stock that I want in my portfolio for the next five years (a long-time in technology stocks) or longer. But today […]

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Buying Put Options on theme park operator Six Flags

Think of Six Flags (SIX) as Disney (DIS) without the movie studio, streaming service, and cable and TV assets. In other words, the company is just theme parks. 25 of them with 22 in the United States. Right now the company says that the parks are closed through mid-May, at least. Yesterday Disney announced that […]

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So this is volatility! Don’t beat yourself up if you don’t get each day right

On Wednesday, I felt really stupid. I don't believe in this rally. I still think we're due for the bear to come roaring back. And I think the bottom in this market is still somewhere ahead. But on Wednesday April 29, I felt completely WRONG. The Standard & Poor's 500 closed up 2.6%. Technology stocks […]

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