Dewey Fernfield
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
The market took a dump. Does anyone even remember what a down day looks like? I didn’t realize the color red could even show up on the screen. Well, I guess the ol’ buy the dip strategy is on the table again. Buy everything, as long as its tech because apparently tech can’t lose, ever. Well, at least that’s what I tell myself…
Markets: Indexes, Bonds, Forex, Key Commodities, ETFs
https://www.cnbc.com/markets/
Stock market today: Stocks plunge, with the Dow dropping more than 800 points as tech shares snap a 10-day win streak
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Tesla drops again, bringing three-day loss to more than 18%
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Dow futures drop 100 points as Wall Street braces for more tech losses
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Tech-led sell-off is part of a healthy correction as it blows off some excessive speculation
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Markets are facing a potential ‘Minsky moment’ collapse, strategist says
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Fridays NFP will be artificially boosted by the hiring of temporary Census takers | Saxo Group
https://www.home.saxo/content/articles/macro/fridays-nfp-will-be-artificially-boosted-by-the-hiring-of-temporary-census-takers-02092020
Job market seen somewhat weaker in August, as rehiring slowed and layoffs continued
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Many workers expect their ‘retirement’ to include a job, survey shows
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Economic recovery stalls as consumers signal caution
Economic recovery stalls as consumers signal caution
The U.S. economy’s economic engine may be running out of fuel. Consumer spending accounts for about 70% of the U.S. gross domestic product, making it the single most important factor in recovering from one of the worst recessions on record.
Hilton Hotel in Times Square Is Set to Close – WSJ
https://www.wsj.com/articles/hilton-hotel-in-times-square-set-to-close-11599087915
NYC Subway Shops on Express Track to Closure Amid Pandemic – THE CITY
Nearly three dozen businesses, from The Bronx to Coney Island, have shuttered since March. “I just couldn’t see hanging on,” said the owner of Times Square’s classic Record Mart.
Nearly three dozen businesses, from The Bronx to Coney Island, have shuttered since March. “I just couldn’t see hanging on,” said the owner of Times Square’s classic Record Mart.
US trade deficit surges in July to highest in 12 years
US trade deficit surges in July to highest in 12 years
WASHINGTON (AP) – The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount.
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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.Tech stocks have been rising considerably in 2020. More money, cash, and debt has been accelerating this influx. The financial analysts and corporations are profiting. Corporate profits are crucial.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
What Is The Money GPS? The Money GPS is a news aggregation source. It compiles data from government documents, white papers, mainstream news articles, financial reports, supranational entity reports, financial charts, and any other relevant information. The information is collected, dots are connected, and compiled into videos which tend to be around 10 minutes in length. Subjects include anything from central banks, debt, stock market analysis, and information which is specifically ALTERNATIVE to what the majority of people believe. If you are looking for stock tips or help with building your portfolio, this channel is not for you. If you… Read more »
Minsky Moment? Tipping Point? Or Buy The Dip?
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