Big news from small businesses

This is the effect of a pro-business White House means to the US economy.

Main Street’s businesses are looking at a far brighter future, according to the latest survey taken by the National Federation of Independent Businesses.

Small business posted its second highest optimistic score in the history of the survey in February with a reading of 107.6. Continue reading

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Mr. Powell, did the Fed bail out failing hedge funds last month?

New Fed chief Jerry Powell is set to testify Thursday in front of the Senate Finance Committee. In his Tuesday session in the House, Powell hinted that four rate hikes may be needed this year.

I believe today’s discussion will sound more like what I predicted the House testimony should have sounded like.

My big question to Powell would be can he explain what happen early last month where the Fed’s weekly balance sheet reports exploded by $14 billion during the market turmoil surrounding the VIX volatility spike.

From all indications I see, it looks as if the Fed did a three-day QE4 operation in conjunction with the Plunge Protection Team, to buy up toxic VIX short instruments that were way out of the money before some hedge funds would have been forced to liquidate and shutter.


Gun maker shares are falling sharply this morning after President Trump said he was in favor of restricting sales to minors and the mentally ill following the Florida school shooting last week.

In an abrupt reversal from the previous decade where firearm shares would soar on news of a mass shooting for fear of legislation, share prices fell after the Florida shooting.

Now with a Republican leader saying he is open to curtailing some gun sales, shares are nearing 52-week lows on the news.

The Fed’s $14B bazooka bailed out stocks three weeks ago

Earlier this month, on the morning of Feb. 7th, I wrote about their being something rotten in the markets.

The day prior the Dow Jones index moved 1,167 points intraday. I wrote at the time the Plunge Protection Team’s fingerprints were all over the move. Continue reading

New Fed sheriff will not show all his cards

New Federal Reserve Chairman Jerome Powell is scheduled to give his first views of the economy Tuesday to House Finance Committee. He then will speak to the Senate panel on Thursday.

While Wall Street analysts do not expect much in the way of policy changes from ex-Fed head Janet Yellen, I have to say that’s conflicted thought — hoping for calm. Continue reading

Dow volatility may soon rival bitcoin’s price moves

SPECIAL SATURDAY POSTING

What the hell is going on in the stock market this week?

The Dow Jones index had a 1,000 point or 3% ride on Friday before settling up 330 points up 1.4%. over the course of the 5 days of trading there was a 6% range from highs to lows. Continue reading