Stock futures kicked off the overnight session TKTKTK Thursday as market participants considered mounting signals of labor market devastation amid the still-escalating coronavirus pandemic. In the past two weeks alone, an astonishing nearly 10 million American filed for initial unemployment insurance, underscoring the mounting strain the outbreak has unleashed on the U.S. economy. With this […]
Brace for another selling wave in the markets, numerous veterans of Wall Street tell Yahoo Finance. So much for the “rebalancing rally” in stocks that has erupted this past week. “Is the market going down 50% a la the dot com bubble? I don’t think it’s going down 50%....
The luxury housing market in New York City is grinding to a halt at the hands of the novel coronavirus. For the week ending March 29, there were only two contracts signed for properties being sold for at least $4 million in Manhattan, New York, down from 14 a week...
Over the near-term, it’s worth staying defensive in the stock market because it still needs time to repair the recent technical damage, but I wouldn’t get too negative. The coronavirus numbers will likely continue higher but that doesn’t mean the stock market has to...
The last thing beat-up investors want to see right now is an often dreaded technical formation in the markets. Yet, that’s where we are after the S&P 500 has rallied hard off the lows achieved a week ago. For the first time in over a year, the S&P 500 is...
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