Stock Market
Market Outlook
The popular stock market averages closed to the upside on Friday as monthly options expired. The interest rate for 10-yr treasury notes closed higher. The price closed up for gold and down for crude oil.
The SCOTUS disallowed much of the POTUS's taking over tariff responsibilities from Congress. However, he immediately shot back with a global 10% tariff. Free trade benefits all consumers. That's ECON 101. The tariffs are ultimately paid by American consumers. It will be interesting to see how Congress, corporations and consumers handle this situation. Amazon.com (AMZN +2.6%) sells a lot of foreign made goods and its shares rose in response.
Fourth quarter gross domestic product was reported far lower than expected. The Fed's favorite inflation index came in well above its target.
Adapt or perish, now as ever, is nature's inexorable imperative. - H.G. Wells
The SCOTUS disallowed much of the POTUS's taking over tariff responsibilities from Congress. However, he immediately shot back with a global 10% tariff. Free trade benefits all consumers. That's ECON 101. The tariffs are ultimately paid by American consumers. It will be interesting to see how Congress, corporations and consumers handle this situation. Amazon.com (AMZN +2.6%) sells a lot of foreign made goods and its shares rose in response.
Fourth quarter gross domestic product was reported far lower than expected. The Fed's favorite inflation index came in well above its target.
Adapt or perish, now as ever, is nature's inexorable imperative. - H.G. Wells
