Retail investors are sitting pretty after Trump enacted more tariffs. See their fancy footwork executed in July.
And still, Federal Reserve Chairman Jerome Powell feels he must cut rates as the economic data certainly has not moved upward of late.
Fed cuts its benchmark rate 0.25 percentage points to a 2%-2.25% range -- the first reduction since 2008. Trump calls it a let-down.
The market is already banking on the July rate cut. But if there aren't more cuts to follow, watch your stock portfolio.
Boy, are interest rate cuts the name of the game in 2019's market.
The layoffs are in Citi's trading business, Bloomberg reports. At least 100, or 10%, of the jobs in equities trading are to be cut.
The catalyst for equities is now out of the bag, it is just a matter of finding companies with that catalyst before everyone catches on.
The pound tumbled well past its two-year low against the U.S. dollar Monday after Prime Minister Boris Johnson said he wouldn't resume Brexit talks with the European Union until it shifted its stance of the Irish border issue.