Market wakes up to coronavirus threat–it’s not just China anymore
What’s different this week? Why is the market plunging today on coronavirus fears when last week it shook off the news? Because the last few days have brought news that the coronavirus isn’t limited to China anymore. From Italy comes a report that the...Caterpillar says this is high water mark for the year–and everybody sells everything
Caterpillar (CAT) crystalized the market’s fears in its conference call this morning. After delivering really great results before the market opened–Caterpillar beat Wall Street earnings estimates by 72 cents a share on earnings of $2.82 a share and then...
Two-year Treasury yield back to 2%, rate not seen since global financial crisis
Some mornings I have to dig for a lead new story. Other days I’ve got candidates crawling out of the woodwork like roaches in a dirty kitchen when the lights are off. Today I’ve got lots and lots of choices. I’m gong to begin with the bond market...
China officials said to recommend slowing or halting purchases of U.S. Treasuries
Just what an already jittery bond market needs: reports that senior Chinese officials reviewing the country’s purchases or U.S. Treasuries have recommended slowing of halting that buying. It’s not clear from these reports whether the recommendation is...
Will tomorrow’s jobs number be too strong for the markets?
Should be an interesting morning tomorrow. The U.S. government is set to release the jobs report for March at 8:30 a.m. New York time. Economists surveyed by Briefing.com are looking for the economy to add a net 180,000 jobs. That projection could be low, however,...Jim’s Daily Email Alerts:
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