by Michael Markowski | Jun 29, 2018 | alerts, archive, Secular Bulls/Bears
On Tuesday of this week General Electric, the oldest of the 30 members of the Dow Jones Industrial (DJIA) average was replaced by global drugstore chain Walgreens Boots Alliance. General Electric was one of the original dozen companies which comprised the Dow Jones...
by Paul Lengemann, BullsnBears Economist | Jun 28, 2018 | alerts, archive, Markets/Economy
The Q1 GDP growth being revised from 2.9% to 2.0% is quite disappointing. Results are far from what has been promised by the president. With tariffs about to hit the economy, the outlook is anything but encouraging. In addition to the weak GDP numbers the latest jobs...
by Michael Markowski | Jun 25, 2018 | alerts, archive, digital tax, Digital Tax Impact, Markets/Economy
The more than 1.3% declines for the Dow 30 and the S&P 500 and the 2.0% decline of NASDAQ today were caused by last week’s digital sales tax ruling by the US Supreme Court. The mainstream financial media has blamed today’s decline on trade. Since the ruling the...
by Michael Markowski | Jun 21, 2018 | alerts, archive, digital tax, Digital Tax Impact, Markets/Economy
The US Supreme Court (SCOTUS) ruled today that the State of South Dakota can apply their brick and mortar sales taxes to those businesses domiciled outside of the state who sell their products and services online to South Dakota’s residents. This is a significant...
by Paul Lengemann, BullsnBears Economist | Jun 21, 2018 | alerts, archive, Markets/Economy
Despite all the disarray and the confusion in Washington about immigration, the employment statistics remain strong. Initial jobless claims in the week ending June 16 fell to their lowest levels since the early-1970. The unemployment rate when it is next reported...
by Paul Lengemann, BullsnBears Economist | Jun 19, 2018 | alerts, archive, Markets/Economy, Tariffs
Last night President Trump announced that he was levying an additional $200 billion of tariffs and Chinese imports. The result was significant stock market declines throughout Asia and Europe. Several weeks ago, Mr. Trump said that winning a trade war wasn’t so...
