DJIA

Call The Close: Well This Is Fun, Isn’t It?

Rest assured that he will have the most perfect guess. The most beautiful prediction. You can’t believe how right he’s gonna be. Two years ago, we were promised that the election of an unhinged narcissist to the most powerful office in the land would naturally bring about the sort of motion-sickness-inducing economic collapse that such an action quite frankly really ought to bring. While this was bad news for most people and for the world in general, it had you people salivating: After eight boring years of stability, volatility was coming back and in a big way, baby! Unfortunately, for all his many accomplishments, President Orange Garbage Bag Filled With Spoiled Rice Pudding has utterly failed to inject much excitement into the markets. Sure, there have been moments—lots of them if you’r...

That Escalated Quickly

(MarketWatch) Wasn’t this fun? The Dow Jones Industrial Average fell more than 1,400 points over five days, a 5.7% decline that marked the blue-chip index’s biggest weekly percentage loss since January 2016…. While signs of growth persist, increasingly restrictive trade policies threaten to disrupt a global economic recovery that had helped lift major indexes from New York to Hong Kong to multiyear highs in January. And growing backlash over how technology firms handle their users’ data has driven some of the most popular names in the sector lower. The S&P 500’s financial sector tumbled 3% on Friday, the steepest decline out of its 11 sectors. An index of bank shares, the KBW Nasdaq Bank Index, fell 8% last week, eclipsing the 7.9% decline for the S&P 500′s tech sector…. The tumble...