CDC urges nationwide halt to gatherings of more than 50 people for the next eight weeks
Well, that’s worse than many of us were willing to contemplate. Today, Sunday, March 15, the Centers for Disease Control and Prevention urged a nationwide halt to gatherings of more than 50 people for the next eight weeks  because of the coronavirus pandemic....
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...
The U.S. hospital system burns while Washington fiddles
The math is very clear and extremely disturbing. The numbers certainly argue that the coronavirus has the ability to crash the U.S. healthcare system–which would leave hospitals and other healthcare facilities conducting triage among patients with serious cases...
What does Wall Street want? Just a replay of the 2008 bailout
Nothing that’s been floated in Washington, either by the White House, Congress or the Federal Reserve comes remotely close to what Wall Street wants to end the market meltdown and rescue credit markets. The White House is considering a temporary expansion of...
MGM looks like a good test case as Wall Street debates V- or U-shaped recovery from the coronavirus
Shares of MGM resorts International (MGM) fell 11.59% today, Thursday March 5, to close last $20.60. The shares closed at $31.21 at their 2020 high on January 17. The impetus for the latest big drop in the stock was the announcement of the first reported case of the...
Oops!”Emergency” interest rate cut spurs U.S. stock sell off as Fed creates negative feedback loop
The U.S. Federal Reserve announced an “emergency” 50 basis point cut to its benchmark interest rate. The cut left the Fed benchmark with a range of 1% to 1.25%. The move comes ahead of the Fed’s regular meeting on March 18. The interest rate cut,...
For another day, at least, financial markets continue to believe in central bank fairy dust
Financial markets moved higher on news that finance ministers and central bankers from the Group of Seven economies will hold a teleconference tomorrow, Tuesday, on how to respond to the coronavirus pandemic. The expectation is that central banks in Japan, England,...
Jim’s Extra!! Next big date in the coronavirus selloff? March 18
Jim’s Extras are something new that I’ve added to JubakPicks.com. Jim’s Extras are posts that provide a wider economic or market analysts than the normal diet here of stock specific posts or posts that cover the day’s market moves. Like...
U.S. stocks break down on bad coronavirus news from California; technical support fails
This morning it sure looked like U.S. stocks were going to bounce back from yesterday’s beating and from a deeply negative open. After opening down 2.28% at 9:31 a.m. New York time and then sinking even lower to down 3.54% by 10:35, the Standard &...
Markets climb–it looks like short-covering to me
As of 1 p.m. in New York the Standard & Poor’s 500 was up 1.61% and the Dow Jones Industrial Average was ahead 1.59%. The NASDAQ Composite had climbed 1.94% and the Russell 2000 small cap index had gained 1.68%. Overseas the iShares MSCI Emerging Markets...Jim’s Daily Email Alerts:
Every post from Jubak Picks straight to your mailbox. And they're free!