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10/07/2020

No Deal: Trump Nixes Stimulus Talks, Jeopardizing US Recovery

Keeping up with economic data these days is like drinking from a fire hose… it comes at you incredibly fast. And while I spent a lot of time today writing up this morning’s release of the US Balance of Trade data, its relevance as a headline was rendered useless at 2:48 PM […]
10/07/2020
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Global Shares Drop After Trump Backtracks Stimulus Talks

Global stock markets traded mostly lower this morning as U.S. President Donald Trump halts talks concerning another federal stimulus package.  U.S. futures were up slightly, while shares in Germany, France and Japan slipped. In China, markets are closed for a weeklong holiday.  The president’s decision to suspend economic aid talks […]
10/06/2020
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Stock Market Update: Tuesday, October 6, 2020

Wall Street was choppy before closing deep in the red following a late-day tweet from President Donald Trump saying he is ending talks with the Democrats over another stimulus package — and more in Tuesday’s stock market update. The tweet went on to say House Speaker Nancy Pelosi, D-Calif., is […]
10/06/2020
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Global Stock Markets Rise After Trump Returns to White House

Global stock markets traded higher this morning after U.S. President Donald Trump left the hospital to complete his coronavirus recovery at the White House.  Since the president spent less than three days at Walter Reed National Military Medical Center, his doctor said he would remain contagious for at least another […]
10/05/2020
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Stock Market Update: Monday, October 5, 2020

The stock market closed higher following a number of positive developments — and more in Monday’s WealthPress stock market update. Most prominently, reports indicate President Donald Trump is doing better and will be discharged this evening, although doctors offered conflicting signals about how he is faring with the illness.  Fresh […]
10/05/2020
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Global Shares Rise on Positive Reports About Trump’s Health

Global stock markets rose this morning on positive news regarding U.S. President Donald Trump’s health after he contracted the coronavirus.  Trump’s doctor said the president’s blood oxygen level dropped twice, and that they gave him a steroid typically recommended for the seriously ill. It was said that his health is […]
10/01/2020
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Stock Market Update: Thursday, October 1, 2020

The stock market was slightly choppy before settling higher with the major indexes rising for the fifth time over the past six sessions — and more in Thursday’s stock market update. Renewed hopes on stimulus talks outweighed slightly disappointing economic news that fell shy of expectations.  The major indexes had […]
10/01/2020
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Global Shares Rise Amid Upbeat Investor Sentiment

Global stock markets are mostly higher this morning. Shares rose in Europe and Asia, while trading on the Tokyo Stock Exchange halted due to a technical failure.  TSE President Koichiro Miyahara apologized for the interruption after the bourse suspended the full trading day on the world’s third largest exchange to […]
09/30/2020

Second Wave of COVID-19 Slowing Global Recovery… The US is Next

Back on June 30th, I posted an article here about using alternative data to predict future outbreaks of COVID-19, suggesting that Google searches for “loss of smell” or “anosmia” predate a spike in cases by a few weeks. While at the time Europe was faring relatively well at beating back coronavirus outbreaks compared […]
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