US Stocks Got Smashed Again

It was MORE -  BANG! POW! BOOM! SMASH! KLONK! KAPOW! KRAACK! OUCH! US stocks got smashed again… By the end of the day, the Dow lost 880 pts or another 3.14%, the S&P gave back 98 pts or 3.03%, the Nasdaq shedding 255 pts or 2.77% and the Russell giving back 56 pts or 3.45%. [...]

By |2020-02-26T10:04:03-05:00February 26th, 2020|Morning Thoughts by Kenny Polcari|

BANG! POW! BOOM! Markets got crushed!

Who remembers the Batman and Robin fight scenes from the late 60s and early 70s? BANG! POW! BOOM! SMASH! KLONK! KAPOW! KRAACK! OUCH! (click here to see what I’m talking about) That is what it was like yesterday as global markets came to terms with the latest news concerning the coronavirus. Markets got crushed, with [...]

By |2020-02-25T10:08:41-05:00February 25th, 2020|Morning Thoughts by Kenny Polcari|

Friday saw markets remain weak

Friday saw markets remain weak going into the weekend. There were increasing concerns over the spread of COVID19 and concerns about the upcoming Nevada caucuses on the back of a horrendous Democratic debate on Wednesday evening. How would Nevada go? Was Mikey Bloomberg wounded beyond repair? I mean he wasn’t even on the ballot, but [...]

By |2020-02-25T10:08:42-05:00February 24th, 2020|Morning Thoughts by Kenny Polcari|

No surprises here

In yesterday’s Humphrey Hawkins testimony, Fed Chair Jay Powell told the House Financial Services committee that the Fed: “…is closely monitoring the coronavirus situation for a potential hit to China and the global economy.”   Telling those same members of Congress that: “…too early to say how the coronavirus will ultimately impact the US economy.” [...]

By |2020-02-12T10:04:36-05:00February 12th, 2020|Morning Thoughts by Kenny Polcari|
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