U.S. Recession Trigger Flashes Red – MIT Scientists Give It 6 Months

The yield on the 10-year U.S. Treasury note has fallen below the yield on the 3-month T-bill, stoking fresh recession talk. Long-duration bond yields are plunging on growing haven demand as coronavirus infects over 73,000 people. Researchers at MIT have used a scientific model to predict the likelihood of recession. The results don’t look good. …

Fed Chair Jerome Powell Just Admitted the U.S. Economy Is Screwed

Federal Reserve Chairman Jerome Powell resumed his congressional testimony on Wednesday. He told lawmakers that low interest rates have become a fact of life. Twenty-four hours earlier, he asserted that the U.S. economy was doing just fine. Powell’s half right: The U.S. can’t survive normal monetary policy without risking financial ruin. Jerome Powell told Congress …

Google-Parent Alphabet Dips on Earnings After YouTube Disappoints

Google’s fourth-quarter earnings disappointed Wall Street, and the stock sold off in after-hours trading. Fourth quarter revenue came in lower than expected – mainly driven by weak hardware sales. YouTube revenue was also disappointing The stock continues to grow at a massive clip, and its long-term performance should remain strong despite the recent dip. Google …

Expect Apple Stock to Suffer When Coronavirus Batters the Top Line

Apple’s (NASDAQ: AAPL) management severely downplayed the company’s China-related challenges in the earnings call last week. The company guided for revenue growth going in the 2nd quarter of 2020, but this is unlikely because of the worsening coronavirus outbreak. China is a huge part of Apple’s revenue and supply chain. Coronavirus disruption may lead to …

Dow Futures Decimated but Wall Street is Buying the Coronavirus Dip

Dow Jones Industrial Average (DJIA) futures plunged more than 350 points on Monday morning. The rapid spread of China’s coronavirus continues to scare investors. JP Morgan says the stock market pullback is healthy and will soon present a buying opportunity. Dow Jones Industrial Average (DJIA) futures took a brutal plunge in the early hours of …