Regardless of the present global economic recession, coronavirus pandemic, and massive rate of unemployment, investors are still hopeful. Last Monday which was the same day that about 40 million workers lost their jobs and economists foretold that the gross domestic product would fall more than 40 percent in the second quarter, the Standard & Poor’s Read More…
Capitalism is not going anywhere, but the coronavirus crisis has certainly jolted the foundation of the global economy. Perhaps, the deep recession was inevitable. What is startling, however, is that the GDP would contract by 3.1% in 2020. Comparatively, it makes the current year weaker than the financial crisis of 2007-08. That said, it seems Read More…
Better-than-expected CPI report shows inflation may have peaked. A Double Bottom pattern forms on the Daily chart. Bull, Bear, and Crab trade scenarios. The CPI Report The November Consumer Price Index (CPI) Report released on Thursday shows that inflation may have peaked. Prices increased 0.4% month-on-month, and prices less food and energy rose 0.3%. These were low Read More…