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Citigroup Inc

Dow Jones

The Dow Jones Industrial Average Falls on Dashed Hopes of a July Rate Cut

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The Dow Jones Industrial Average is down today as investors worry the Federal Reserve will not cut interest rates at the end of the month.

This week, Federal Reserve Chair Jerome Powell will testify before Congress on the state of the U.S. economy.

His statements could easily make or break the recent market rally.

Read more here...

Earnings

The Shockingly Tiny Earnings Number That Could Shift the Entire Market

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JPMorgan Chase & Co. decisively moved the markets on Friday with its reported record Q1 revenue and earnings; CEO Jamie Dimon's positive economic outlook helped boost not only the stock, but the market in general.

And that's about as good as it got for the big banks… From there, it seemed like no amount of good news – and there was some good news – was enough to pull stocks out of the funk.

Wells Fargo also reported good earnings and a decent outlook, but its volume of loans and deposits were down more than analysts were expecting. WFC shares were up in the Friday pre-market – perhaps on JPMorgan's coattails… and promptly plummeted for the rest of the day.

In Monday pre-market moves, two more of the "Big Six" U.S. banks reported earnings, and it didn't go that well. Goldman Sachs tumbled 3%; earnings beat estimates… but revenue dropped 13% year over year. Citigroup also reported strong earnings and reduced revenue, though it had much less of a drop than Goldman. Citigroup's stock "only" fell 0.5%.

On balance, a dreary, lackluster story… so far.

But that's not the whole story.

Because for all the gloom and reduced expectations - all that - there's a silver lining that I think will pull our hopes for a new leg up out of the fire...

Trading Strategies

Why Investors Are Walloped with a Constant "Bliss Blitz"

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Investors are being targeted by an all-out media blitz. But it's a funny kind of blitz – none of the violence you'd normally associate with the word. There's a reason for that, as we'll see.

It's a decidedly opiate affair, this blitz. It's calm, soothing, numbing, and permeated with a "don't-worry, all-good" message on near-endless repeat.

Try this: Think of the last time you read, heard, or saw something about "exploding earnings," "synchronized global growth," or "record levels of consumer confidence."

I'll bet it wasn't long ago at all. In fact, I'll go so far as to say you probably read words to that effect today.

So why is the mainstream media going out of its way to spread… calm and tranquility?

I'll show you the answer in a minute, when we dive into what I can only call a "masterpiece of misinformation" from a trusted American news organization.

Here we go...

Dow Jones

Dow Jones Industrial Average Pushes Higher as Federal Reserve Prepares to Hike Interest Rate

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The Dow Jones Industrial Average jumped 19 points premarket hours as investor awaited confirmation that the Federal Reserve intends to raise interest rates.

This morning, the Fed Open Market Committee (FOMC) kicks off its two-day meeting on interest rates and monetary policy.

Dow Jones

Little Upside for Dow Jones Industrial Average as White House Proposes New Tariffs

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The Dow Jones Industrial Average fell 25-points in premarket trading this morning.

Markets are again on edge over trade relations between the United States and China.

According to the Wall Street Journal, President Donald Trump is planning to move forward with another round of tariffs on roughly $200 billion in Chinese goods.