Garrett Baldwin explains why consumer expectation of an inflation crash is misinformed and unlikely to match real-world outcomes.
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The U.S. weekly jobless claims number increased another 3.17 million people (versus the 3.05 million expected by economists) today.
That brings the total to 33.5 million Americans unemployed over the last seven weeks.
Stocks shook off the news, however, as the Dow rallied 0.9%.
The Nasdaq rose 1.4% as investors buy into technology stocks that are less likely to be affected by government shutdowns.
Oil was up 10% in the first half of trading, but closed down 3% in a volatile session.
And interestingly enough, gold was up 2% while Bitcoin popped 6%.
Typically, gold is negatively correlated to stocks and goes down when the market goes up.
Here's why our experts – Chris Johnson, D.R. Barton, Jr., and Shah Gilani – think stocks are likely to experience more pain to come.
For the first time in three days, the Dow and S&P 500 closed lower as investors weighed the prospects of reopening the economy as job losses grew across the country.
A grim U.S. payrolls report showed private payrolls dropped by 20.2 million in April – the worst job loss in the history of the ADP report.
At the same time 30 U.S. states have already partially reopened their economies or are planning on doing a partial reopening soon.
Here's how our experts – D.R. Barton, Jr., and Shah Gilani – see things playing out in the economy moving forward.
Unfortunately, too many mom-and-pop investors are priced out of these alternatives due
to regulatory requirements, income thresholds, and stipulations around accredited
investments. But there is another way retail investors can tap into the booming real estate
I'm talking about real estate investment trusts.
REITs have historically provided investors with high, steady dividends by generating
income from working real estate assets.
These alternative investments can outperform in any market, and they provide distinct tax
advantages that you rarely find anywhere else.
Today, I'm going to talk about one of the best REITs to own right now.
The Dow Jones today falls after January's Consumer Price Index (CPI) comes in higher than estimated and U.S. retail sales unexpectedly fall.
Dow futures plunged as much as 300 points this morning after January's CPI data showed a greater than estimated uptick in prices. This larger than expected uptick confirms analysts suspicions that inflation is increasing.