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Markets Live Recap: Unemployment in Focus Today

This morning, United States weekly jobless claims came in at 4.4 million.

Just over 26 million Americans have now applied for unemployment… In the last 5 weeks.

That means the U.S. economy has wiped out all the job gains since the Great Recession.

Unemployment sits at 23% and it doesn't look like we're close to re-opening the economy any time soon.

Despite that, investors shrugged off the news, bidding up the S&P 500 about 1.7% to start the day.

But stocks turned over mid-day and closed about flat.

Here's what our experts - Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani - saw in the financial markets today, April 23...

The Fed

Exactly What the Fed's Latest Testimony Means for the Market

On July 10, everyone's eyes and ears were on one thing – the Fed. And there's a good reason why.

You see, after the U.S.-China trade war heated up last May, the market fell further than it had all year. And the Fed was the only thing that was able to pull it back up.

Yesterday, Fed Chairman Jerome Powell delivered his long-awaited testimony before the House Financial Services Committee.

And the market was listening for one very important catalyst…

Rate cuts.

Read more here...

Trading Strategies

How to Predict Markets Better Than Any Cable TV Pundit

Turn on CNBC, Fox Business Network, or any other financial news channel before the markets open, and you'll get a slew of people predicting what the markets will do that day.

But they'll never tell you how or why they said what they do.

That's why today, our Tom Gentile's going to give you a set of "secret weapons" the cable crowd can only dream of.

You'll not only be able to easily move with the markets and correctly tell what's coming, you'll also be making money with these moves...


How to Cash In on the Transatlantic "Split" That's Got Nothing to Do with Trump's Tweets

Of course, last week, on June 6, the West marked the 74th anniversary of the allied "D-Day" landings in Normandy, France.

This anniversary, though, was capped off by a G7 summit in Charlevoix, Canada.

Right now, relations – at least, on the surface – between the modern Western allies are mighty frosty, dominated by Twitter and press conference feuds between Canadian Prime Minister Justin Trudeau, French President Emmanuel Macron, and U.S. President Donald Trump, largely over the subject of the multilateral trade war breaking out over protectionist tariffs. Of course, they've largely kept quiet on social media, but it's no secret British Prime Minister Theresa May and German Chancellor Angela Merkel aren't thrilled with Trump's positions, either.

I'm hard-pressed to recall any recent G7 (maybe call this "G6+1") meeting as tense as this one, though a few probably come close.

On the other hand, dispassionate observation and analysis of market action tell us that all this hostility and discord has been baked into prices – discounted.

But our Capital Wave Strategist, Shah Gilani, is watching a "split" of sorts beginning to open up between the United States and the European Union – one that's got nothing to do with politics or soundbites and everything to do with… growth.

I caught up with him to get filled in on the details, but he did me one better…

He told me how to play this emerging situation that's coming and going - there are going to be some pretty big swings...

Trading Strategies

The Fastest Way to Double Your Money Before Labor Day

As hard as it is to believe, Labor Day's right around the corner.

But while everyone's planning their unofficial "end of summer" barbecues and beach parties…

I'm watching something else.

You see, there's a very lucrative pattern forming in the stock market right now.

It's happened in eight of the last 10 years in the weeks leading up to and shortly after the holiday.

It's got the power to put triple-digit gains in your pocket – in less than two weeks.

And there are two unique ways to play it - before time runs out...