Despite all of the global stimulus, the large surge in international debt, and negative interest rates around the world, the world is on the brink of a recession.
What are markets expecting in response? More stimulus, more debt, and more interest rate cuts.
Let's look at the final numbers on Tuesday for the Dow, S&P 500, and Nasdaq:
Dow Jones: 18,228.30; 133.47; 0.74%
S&P 500: 2,159.93; 13.83; 0.64%
Nasdaq: 5,305.71; 48.22; 0.92%
Here's a look at today's most important market events and stocks, plus a preview of Wednesday's economic calendar.
The Dow Jones added 133 points on Tuesday after markets cheered Hillary Clinton's performance in the first presidential debate. More than 80 million people tuned in last night to watch two candidates discuss important issues to Americans like... Donald Trump's tax returns, Donald Trump's lawsuits, Donald Trump's debt practices, and Donald Trump's birth certificate hunt. The debate largely ignored important issues about the U.S. economy, the Federal Reserve, and plans to help rescue the middle class.
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Speaking of the debate, Ford Motor Co. (NYSE: F) pushed back against Trump's claims last night that the car manufacturer has been shifting its production plants to Mexico. Employees have been posting Twitter Inc. (NYSE: TWTR) and Facebook Inc. (Nasdaq: FB) comments linking to statistics about the company's hiring trends and investment in the United States. The firm says it has invested $12 billion into U.S. production facilities and created roughly 28,000 jobs.
Gold prices were sliding after the debate. But don't expect gold prices and gold stocks to continue to fall in 2016. Gold stocks have been one of the stellar market outperformers in 2016, and it is not too late to shop for some top gold stocks.
The price of crude oil today collapsed after Iran rejected Saudi Arabia's offer to limit its production output. Money Morning Global Energy Strategist Dr. Kent Moors has said for weeks that this deal was doomed from the start. In fact, Kent argues this week's meeting is about much more than oil prices. Here's the truth about OPEC's strategy...
The WTI crude oil price today fell 1.8%. Meanwhile, the Brent crude oil price added 2%.
Here's everything you need to know about the September OPEC meeting.
While everyone was focused on last night's debate, speculation about the U.S. Federal Reserve has faded to the back pages of the mainstream publications. But the Fed remains firmly at the wheel, steering the markets and speculators. Last week, the Fed said no to an interest rate hike in September. Keep in mind that the Fed still wants at least one rate hike before the end of the year. Here's how you should invest after the Fed's next interest rate hike.
Up Next: Are you doing everything you can to grow your retirement "nest egg"? You can start today with our top 5 money-making investment reports - they're absolutely free...
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About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.