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09/21/2020
Wall Street was weak throughout Monday’s session following the passing of Supreme Court Justice Ruth Bader Ginsburg over the weekend — and more in Monday’s WealthPress stock market update. News of Ginsburg’s death broke Friday evening, and it will surely add more uncertainty to an already fraught U.S. election in […]
09/21/2020
Global stock markets and U.S. futures plunged this morning following Wall Street’s third straight week of declines, and a rise in U.S.-Chinese tensions over technology and security. Since the Federal Reserve announced the U.S. economic outlook as unclear, market momentum has shifted. Progress in some sectors has declined as lawmakers […]
09/18/2020
Wall Street was tentative to open Friday’s action after the Commerce Department announced that it will prohibit TikTok and WeChat transactions as of September 20 — and more in Friday’s WealthPress stock market update. And more importantly for TikTok, it will be shutdown altogether on November 12 if there is […]
09/18/2020
Predicting the future price movement of a stock — or ETF — on a consistent basis isn’t an easy task. But I have just the thing to help… I use a mechanical system that allows me to follow the trends instead of trying to “predict.” That’s done by purchasing put […]
09/18/2020
If you’ve been keeping up with my videos, then you already know my favorite analysis method for medium-sized stocks is to screen for earnings per share (EPS) increases over a quarterly and annual basis. Combining that metric with my technical relative strength scan helps me find stocks ready to take […]
09/18/2020
Global stock markets are mixed this morning as investors and traders contemplate economic uncertainties due to the recent rise in coronavirus cases in multiple countries. U.S. jobless claims released Thursday emphasize that broad economic damage is still ongoing as 860,0000 more Americans applied for unemployment benefits — slightly below last […]
09/17/2020
Wall Street traded in the red following disappointing economic news and Federal Reserve Chair Jerome Powell’s previous comments on the uncertainty over the pace of the economic recovery — and more in Thursday’s WealthPress stock market update. Frustrating negotiations over a fifth coronavirus stimulus package also weighed on sentiment. Sen. […]
09/17/2020
Global stock markets and U.S. futures plunged this morning after the U.S. Federal Reserve announced no major monetary policy changes. The Fed stated Wednesday its benchmark interest rates will remain near zero until inflation reaches 2%. The U.S. central bank predicts we won’t reach that metric until late 2023. However, […]
09/16/2020
Wall Street pushed the stock market higher to open today’s action, with tech showing weakness shortly afterward and ahead of the Federal Reserve’s update on interest rates — and more in Wednesday’s WealthPress stock market update. Volatility returned after the Fed kept its benchmark interest rates unchanged at 0%-0.25%. Comments […]