Earlier this year, as I’m sure you recall, the stock market went into freefall. But all of a sudden, on March 23rd, everything changed. The market turned around, and just as quickly as it had dropped, it started to rebound. Remarkably, the U.S. stock market is now in positive territory for the [...]
Last week, I talked about some of the unsettling trends in financial markets. In that article, I focused on the role of brokers and day traders and noted that it takes two to tango. But it turns out the dance floor is quite a bit more crowded than that. Yes, the brokers and the day traders are doing [...]
Earlier this week, the president again criticized the Federal Reserve. Calling chairman Powell and his colleagues “boneheads,” the president expressed frustration that they haven't done more to lower interest rates. Specifically, the president said, we should, “get our interest rates down to ZERO, [...]
