LEIBOVIT VR NEWSLETTERS – FRIDAY – NOVEMBER 15, 2024 – ALAS! THE FULL MOON IS ABOVE – AS THE MARKET POSTS A PEAK – YES, WE’RE SHORT ON A TRADE
https://www.howestreet.com/2024/11/even-with-trump-stock-markets-will-make-corrections-mark-leibovit/
Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.
~ Ayn Rand
After showing a lack of direction for much of the session, stocks came under pressure in the latter part of the trading day on Thursday. The major averages slid more firmly into negative territory after spending most of the day bouncing back and forth across the unchanged line.
The major averages ended the day just off their lows of the session. The Dow slid 207.33 points or 0.5 percent to 43,750.86, the Nasdaq fell 123.07 points or 0.6 percent to 19,107.65 and the S&P 500 declined 36.21 points or 0.6 percent to 5,949.17.
The weakness that emerged on Wall Street late in the session came after Federal Reserve Chair Jerome Powell said the central bank does not “need to be in a hurry to lower rates” […]
LEIBOVIT VR NEWSLETTERS – THURSDAY – NOVEMBER 14, 2024 – GREED FACTOR REMAINS HIGH BUT CAN TRUMP EUPHORIA AND THE HOLIDAYS OVERCOME THIS?
https://www.howestreet.com/2024/11/fed-rate-cuts-not-lowering-us-mortgage-rates-mark-leibovit/
NEW PODCAST THURSDAY EVENING!
https://tinyurl.com/5dz99ptw
Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.
~ Ayn Rand
Stocks showed a lack of direction over the course of the trading day on Wednesday, with the major averages bouncing back and forth across the unchanged line following the pullback seen in the previous session.
The major averages eventually ended the day narrowly mixed. While the tech-heavy Nasdaq dipped 50.66 points or 0.3 percent to 19,230.74, the S&P 500 crept up 1.39 points or less than a tenth of a percent to 5,985.38 and the Dow inched up 47.21 points or 0.1 percent to 43,958.19.
The choppy trading on Wall Street came following the release of closely watched consumer price inflation data that came in line with economist estimates.
The Labor Department said its consumer price […]
