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.
Tech stocks have been the biggest and best of the financial system right now. More flowing in, debt building higher, more ownership and control. Suddenly, there has been another turnaround. Not the first one this sector has experienced, that’s for sure. With just about every retail investor, institutional investor, and central bank-turned hedge fund buying tech stocks, the question is: Will they ever go meaningfully down?
Stock market today: Dow drops more than 500 points, S&P 500 posts first 4-day losing streak since February
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Stock sell-off accelerates and is expected to get worse before it gets better
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Monday’s stock-market selloff sets up worst September in 18 years – MarketWatch
https://www.marketwatch.com/story/mondays-stock-market-selloff-sets-up-worst-september-in-18-years-11600706182
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Deutsche Bank, JPMorgan lead drop in bank shares amid suspicious funds report
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A financial crisis could surprise investors ‘sooner rather than later,’ warns Deutsche Bank – MarketWatch
https://www.marketwatch.com/story/a-financial-crisis-could-surprise-investors-sooner-rather-than-later-warns-deutsche-bank-11600686154
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After the Stimulus Binge, Brace for a Crash – Reason.com
After the Stimulus Binge, Brace for a Crash
Skyrocketing debt, higher borrowing costs, and a hobbled economy are predicted in the latest Congressional Budget Office report.
Congressional Budget Office: Federal debt nears ‘unsustainable’ levels – Washington Times
https://www.washingtontimes.com/news/2020/sep/21/congressional-budget-office-federal-debt-nears-uns/
Government debt rose at a 59% pace in Q2 amid effort to halt coronavirus
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A Covid Surcharge on Restaurant Checks? Some Owners Are Wary – The New York Times
A Covid Surcharge on Restaurant Checks? Some Owners Are Wary (Published 2020)
New York City will soon let restaurants add a temporary charge of up to 10 percent as help in the pandemic, but reaction in the business is divided.
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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 performed very well in 2020. The financial companies have been benefitting from low interest rates. There has been much interest in further increasing debt and more leverage as the potential grows greater for further profit.
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 »
Here is an interesting look at how the Federal Reserve could handle the next crisis using unprecedented monetary policy:
https://viableopposition.blogspot.com/2020/05/deeply-negative-interest-rates.html
Given that the Fed has already bloated its balance sheet and pushed interest rates to zero, it has little room to manoeuvre.
Check the DXY… so long as the $ US maintains its position on the DXY or rises, US share values must decay (go lower) over time. US must weaken the dollar to make any progress, ie the US regime must weaken the dollar to boost the DJIA and lift global markets… It’s not clear however if the Fed/Treasury (and us leadership) will pursue that path. If the dollar maintains its position relative to other major currencies some sort of financial disaster is a certainty …