by Daniel White | May 19, 2025 | Economy
May 19, 2025 Serious damage has been done to markets. The S&P 500 fell 21% by mid-April from its all-time high. Similarly, the Invesco QQQ Trust exchange-traded fund, which tracks big technology companies, has plunged 26%. Both major indices are now well below...
by Daniel White | Apr 28, 2025 | Economy
April 28, 2025 In 1979, Federal Reserve Chair Paul Volcker inherited a real mess. Government overspending led to budget deficits and a massive increase in the national debt. By 1974, inflation climbed to as high as 12%. To combat that, the Fed raised interest rates as...
by Daniel White | Apr 21, 2025 | Economy
April 21, 2025 In 2022, Wall Street predicted stocks would rise 5%. Stocks fell 18%. In 2023, for seemingly the first time ever, Wall Street predicted stocks would fall. Instead, the S&P 500 soared 26%. In 2024, Wall Street aimed too low again, forecasting the...
by Daniel White | Nov 18, 2024 | Economy
November 18, 2024 This past earnings season was great, right? Well, earnings looked good because Wall Street lowered the bar. Third-quarter earnings season started with the big banks, which largely exceeded analysts’ expectations. Naturally, that set off a flurry of...
by Daniel White | Oct 7, 2024 | Economy
October 7, 2024 In September the Federal Reserve changed direction. Fed Chair Jerome Powell came out of the central bank’s Jackson Hole meeting and said the time has come for policy to adjust. In other words, the Fed is lowering interest rates. This follows healthy...
