Income Invest Inginsider

US Open – OPEC Agreement Hangs On Russia, Stocks Lower

U.S. stocks are in for a soft open following yesterday’s huge rally after global travel restrictions grow. The disruption in travel and trade is intensifying and global equities will likely struggle to keep the fiscal and monetary stimulus rally going as sentiment continues to crumble. Traders will pay close attention to the U.S. weekly jobless […]Read More

Fed Reaction Was Not What Most Expected

Early Tuesday morning, I put out an update to our members of ElliottWaveTrader.net that noted that the 3135 region as the top of our resistance region, which can point us lower once struck. Now, we all know that the “surprise” rate cut by the Fed should have been viewed as a positive to the market. […]Read More

Fed Cuts Rates As Global Coronavirus Risk Continues To Rise

It’s unclear if yesterday’s emergency 50-basis-point cut in interest rates by the Federal Reserve will help immunize the US economy against coronavirus-related blowback. Meanwhile, a rise in reported cases of Covid-19 on a global basis remains the baseline forecast, based on today’s update of CapitalSpectator.com’s modeling (see today’s revised outlook below). Cleveland Federal Reserve President […]Read More

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