Saturday Night Quarterback says, For the week ahead expect…
... earnings drama. The week features reports from Amazon (AMZN), Apple (AAPL), Alphabet (GOOG), Facebook (FB), Microsoft (MSFT), ExxonMobil (XOM) General Electric (GE), Caterpillar (CAT), Ford (F), Tesla (TSLA), Starbucks (SBUX), McDonald's (MCD), Pfizer, and Gilead...
Federal Reserve unveils another $2 trillion loan program for businesses, states, and cities.
Saying that the U.S. economy is deteriorating "with alarming speed," Federal Reserve Chair Jerome Powell unveiled a new Fed program to supply more than $2 trillion in new loans to small, medium and large companies as well as cash-strapped states and cities. “Our...
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
Some tough news that's likely to produce startling volatility again. Wednesday, April 1, brings the Purchasing Managers' Index from the Institute for Supply Management for the manufacturing sector. Economists are expecting further contraction in the index for March....
Mortgage crisis–again–as a result of the coronavirus recession and loose lending?
A mortgage crisis again? Yep. As part of a credit crunch ignited by the coronavirus recession. On top of the $2.2 billion that the Coronavirus rescue bill now in front of the House of Representatives allocated to checks to individuals, loans and grants to companies,...
The coronavirus rescue bill leverages the Fed by $4 trillion to head off a credit crisis–you think it might be serious? Look at the credit card market
On top of the $2.2 billion that the Coronavirus rescue bill now in front of the House of Representatives allocated to checks to individuals, loans and grants to companies, extra unemployment insurance and more, the bill also gave the Treasury the go ahead to backstop...
Fed to provide “infinite” money to credit markets
Today, March 23, the Federal Reserve announced that it would backstop all credit markets in the United States without limits. The Fed said it would purchase Treasuries and mortgage-backed securities “in the amounts needed to support smooth market functioning.” In...
Credit markets “sell everything” call means Fed will have to eventually support everything
In the credit markets investors and traders are selling everything. Safe. Risky. Doesn't make any difference. And that's creating a potential shortage of dollars. When you sell corporate bonds, you take dollars out of the credit market. When companies draw down credit...
Liquidity Now!! What should be next on the Fed’s to do list: A TAF for small business
Back during the Financial Crisis the Federal Reserve set up a Term Auction Facility (TAF) to make one-month and three-month lending available to any sound bank. The point of the TAF then and the point now is to make sure credit keeps flowing to medium- and...
Fed’s Sunday surprise sends stocks plunging; losses halved when trading resumes
The Federal Reserve's Sunday night "shock and awe" campaign--interest rates cut to 0% and $700 billion in bond buying--shocked stocks into a panic at the open Monday morning. With stocks down 11%, trading restrictions went into effect. When trading resumed, U.S....
Stocks sell off in futures market on Fed’s surprise cut to 0% interest rates
Back on March 3 when the Federal Reserve announced an emergency 50 basis point cut in its benchmark interest rate, stock futures slumped and the Dow Jones industrial average was set to open more than 1,000 points lower on Monday. The fear that swept stocks lower was...Think the Fed got everyone’s attention with a Sunday night interest rate cut to 0%?
On Sunday night the Federal Reserve announced that it would cut interest rates to 0% (actually a policy range of 0% to 0.25%) from the current 1.00% to 1.25% range. The central bank will also resume its program of quantitative easing by buying at least $700 billion in...Jim’s Stock Alerts
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