Stocks Recover on Trump Trade Tweet: ‘Big Day of Negotiations With China’
It was a big recovery from overnight trading that saw Dow futures tank 300 points after a false report.
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Fed’s Bullard: We Have a ‘Little Bit More to Go’ With Rate Cuts
Bullard: “We’ve made a big move (cutting rates). I think we probably have a little bit more to go here.”
Bass: US-China Won’t Reach Trade Deal; Rate Cuts Won’t Work Anymore
Bass also said the Fed won’t be able to save the economy from an oncoming recession with rate cuts.
Stocks Surge as Trump Announces Trade Meeting With China’s Xi
The Dow rose 1.3%, the S&P 500 was up 1.3% and the Nasdaq 1.8% soon after the announcement.
Peter Schiff: Fed Will Stimulate Inflation, Crash the Dollar and Economy
The economist and precious metals expert said gold, currently at about $1,300, is going to $5,000 to $10,000.