Avis Budget Group


It’s Time to Short the Bond Market

The Fed’s backstopping of the bond market was an effort to save the U.S.

stock market, but it’s clear now that saying it and actually doing it are two very different things.

Our Shah Gilani’s takeaway from it is that it’s time to short the bond market.

And today he’ll show you exactly how to do that to ensure you’ll walk away with the most profits….



Markets Live Recap: Stocks Close Down Despite Powell's Statement

The S&P 500 and Dow Jones were both down in early market trading as investors continued yesterday's sell-off.

Then, Jerome Powell said the U.S. Federal Reserve intends to keep interest rates near zero through 2022.

And he expects GDP to expand by 5% in 2021.

Stocks rallied across the board on the back on the announcement by the Fed Reserve Chairmen.

But only the Nasdaq closes the day in positive territory – up 1.2% and closing at a record high.

The S&P 500 was flat and the down was down 0.6%.

Here's what our experts – Chris Johnson and Shah Gilani – saw live at the open and close of the trading day.



Man Fails to Buy $60K BMW with Food Stamps, Returns to Steal Car

A Florida man tried to buy a $60,000 BMW X-6 SUV with his Electronic Benefits Transfer (EBT) card and credit card on Thursday. The auto dealership in Pompano Beach "declined 36-year-old Nicholas Jackson's business" when he offered to pay with food stamps, according to the Martin County Sherriff's Office police report.

Jackson returned the next day and took the car, plus 60 sets of keys. He was apprehended 70 miles north, where authorities say he drove until the car ran out of gas.

Misuse of food stamps has become a heated issue as we near the 2016 presidential election. FOX Business' "Varney & Co." highlighted Jackson's case this morning, and Money Morning Chief Investment Strategist Keith Fitz-Gerald weighed in...