Dow 15,000 very likely as coronavirus pandemic hits U.S. economy: strategist

Dow 15,000 very likely as coronavirus pandemic hits U.S. economy: strategist

Veteran markets strategist James McDonald, CEO of Hercules Investments, is staying with a call that he has had throughout the coronavirus pandemic fueled bear market, now going on two months. That is, at least one more major course correction is ahead for equities as investors realize — once and for all — the U.S. economy […]
The U.S. economy is entering the ‘deepest recession on record’

The U.S. economy is entering the ‘deepest recession on record’

The U.S. economy is struggling right now. On Thursday, we learned that initial filings for unemployment insurance totaled a record 6.648 million for the week ending March 28, more than doubling the prior week’s reported total of 3.238 million that had also marked a...
‘The economy has fallen into the abyss’

‘The economy has fallen into the abyss’

The coronavirus outbreak, or COVID-19, has pushed the U.S. economy to break yet another record, with 6.648 million people applying for unemployment claims for the week ending March 28. This number is a sign of the times to come, one economist wrote. “Net, net, job...