News and Trends

March 24, 2017

Investors yank $8.9 billion from U.S. stocks, most in 9 months- CNN Money--3.24.17
Growing doubts over the future on Donald Trump's agenda has put investors on the defensive. Investors have yanked $8.9 billion from U.S. stock funds during the week ending March 22, the biggest retreat since last June.

Investors Are Turning Bearish on the Dollar- Bloomberg--3.22.17
The U.S. dollar slid to the lowest level since November as investors are becoming more pessimistic on the dollar versus the euro and yen.

Stock-market volatility threatens to make a glorious return- Market Watch--3.24.17
The CBOE Volatility Index closed at its highest level of the year. The gauge is a sign of how much investors are demanding to pay for protection.

'Grexit' is back - Business Insider--3.23.17
Greece looks like it is tipping back into recession as GDP shrank by 1.2% in Q4 2016. A collapsing economy and a run on banks were the signal events of the Greek debt crisis that began in 2009. Now people are wondering whether Greece will be forced out of the eurozone.

Bye-bye bull—this is the market’s ‘final wave,’ warns the 'Northman Trader'- CNBC--3.23.17
The market has been enjoying a long bull run, but a correction is looming, according to Sven Henrich. Henrich believes the market could see a 5 to 10 percent drop in the near term.

Wall Street is losing faith in the Trump agenda - CNN Money--3.22.17
Wall Street's faith in the Trump agenda has been shaken by political reality. This week's market tumble is showing that the market gains since the election are showing serious cracks. Dow is not only on track for its worst month since January 2016, but other warning signs are beginning to flash too.

Dennis Gartman sees at least a 5% drop for stocks — and shades of Watergate- Market Watch--3.22.17
Dennis Gartman is warning that there will be at least a 5% correction and perhaps something far worse. Gartman warned the market may be expecting too much from President Trump and Congress.

Dollar Bulls Are Throwing in the Towel as Trump Wagers Evaporate- Bloomberg--3.21.17
Currency investors worldwide are capitulating. Bullish dollar positions put on after the election have completely vanished.

Don’t look now, but inflation may be about to surge- CNBC--3.21.17
All signed are pointing to higher inflation, but investors aren't properly pricing that into their decision making. Some key factors could push inflation even higher and investors aren't prepared to handle it.

Even San Francisco, Flush With Tech Wealth, Has Pension Problems - Bloomberg--3.20.17
San Francisco has an unemployment rate of just 3.2% but is facing a budget shortfall that will reach $848 million in five years. This gap is being driven by increases in pension payments and other payroll costs.

One-third of Americans say they’d have trouble coming up with an emergency $2,000- Market Watch--3.20.17
According to a recent survey, about a third of consumers would have trouble coming up with an emergency $2000. According to the survey, the difference between being able to come up with the money or not was most pronounced by credit score.

Collapsing pensions will fuel America’s next financial crisis - Market Watch--3.17.17
According to the latest tally, Social Security will see its trust fund go to zero by 2034. The system is in crisis and many politicians are too intimidated, uninformed or complacent to tackle the problem.

Are Collapsing Pensions "About To Bring Hell To America"?- Zero Hedge--3.16.17
The looming pensions crisis is bound to be another crisis because it is based on a future promise to pay. An aging population is cashing in on needed retirement benefits that must be supported by the younger generations.

Justice Department charges Russian spies and criminal hackers in Yahoo intrusion - The Washington Post--3.15.17
The Justice Department has announced the indictments of two Russian spies and two criminal hackers in connection with the heist of 500 million Yahoo user accounts in 2014. This marks the first U.S. criminal cyber charges ever against Russian government officials.

How Washington is chipping away at your retirement security- Market Watch--3.15.17
Washington is taking two steps that could erode retirement security. 88% of Americans believe the nation faces a retirement crisis and 85% says those in Washington don't understand how hard it is to prepare for retirement.

This is the most overvalued stock market on record — even worse than 1929 - Market Watch--3.14.17
One Wall Street soothsayer is warning that this is the most dangerous and overvalued stock market on record. He believes its even worse than the stock markets of 2007, 2000 and 1929.

Collapsing pensions will fuel America’s next financial crisis - Market Watch--3.14.17
According to the latest tally, Social Security will see its trust fund go to zero by 2034. One expert says politicians are just too intimidated, uninformed or complacent to tackle the unsustainability of social security.

U.S. producer prices rise broadly, point to firming inflation- Reuters--3.14.17
U.S. producer prices increased more than expected in February, the largest year-on-year gain in nearly five years. This news comes just ahead of the Fed's two day policy meeting.

Famed Investor Predicts Historic Market Drop- Fortune--3.9.17
This famed investor believes the market is due for a harsh correction. He believes you can expect the S&P 500 to return more than 1% on average over the next decade and predicts the stock market could plunge as much as 60%.

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