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Weekly Update by Mark Armstrong – August 1, 2025

Mark Armstrong — Mon, 28 Jul 2025 01:18:49 +0000

Greetings from Tyler,

The stock market is down today and it’s all Trump’s fault. That’s what the media would have you believe anyway. As soon as something doesn’t go up, it’s because of Trump. The mainstream is getting kind of hard to watch, because they blame everything on you-know-who. They’ve apparently even removed him from the impeachment exhibit at the Smithsonian. I know the stock market is down today, but they’re trying to hang it around our necks. I have a feeling everything’s going to be ok.

Trump is promising sanctions on Russia. They’re talking about shock and awe in the mainstream. I have a feeling our leaders know what they’re doing (for a change) and America is the beneficiary.

You can hardly watch or read the mainstream media, they’re all out to get our President. Bad news is his fault and good news is in spite of him.

Now they’ve discovered the shroud of Turin is not what they claimed it to be. Apparently it was produced, and then “found.” They’ve been at this a long time. I could have told them it wasn’t legit. The Catholics repeat something over and over, and it becomes true! This is not a modern phenomena, but it still goes on.

They’ve been carrying on about Ghislaine Maxwell, but aren’t prepared to give her immunity. I’ve never known whether to believe all the stories. At this point who knows what to believe? Most believe the media’s take on the whole Epstein saga. But when haven’t they lied to us? They can’t even mention anyone’s name without saying their peace. I don’t believe them anymore.

We’ve had to live through some bad times, with the bad guys being in charge. I’ll bet they’re scared to death right now. The President wants to stay out of it and let nature take it’s course. I for one am going to hate to see us bogged down in old news. But these people have it coming. I just wish we didn’t have to live through it. Apparently Peter Strzok and Lisa Page were awarded a large sum ($2,000,000) from the Justice Department. They better spend it quick because the nonsense that occurred under Biden is about to hit the fan.

Tulsi Gabbard has been alluding to trouble up ahead, and it goes to the legitimacy of the 2020 election. What if they find out it was stolen? What do we do, go on like it didn’t happen? At this point we don’t know what will happen. Evidence is coming out that Joe Biden was not capable of being on the job. People we never heard of were running our country, and we’re going to have to be front and center as it gets set right.

Britain has imported hordes of Islamic types, and they’ll never be the same. I’m aware that makes some people mad, but read the news. They have so much compassion that the most popular baby name is Islamic. That can’t be good news for the future. They’ve got problems that they created for themselves by being “woke.” America is not about to become Islamic, whatever have been the policies of the past.

Thank goodness we’ve got a president who loves the country, can’t be bribed, and we’re looking forward to a boom. But the media isn’t having it. They put forth wrong projections and a bust is just around the corner to hear them tell it. I think they’re talking out their hat, but we’ll see.

Suddenly things have taken off. I have to dodge the commercial vehicles on my way to work. Things seem to be going well, but you’d never know it by listening to the mainstream. Right now we’ve got a lot to be thankful for, and we’d better give thanks.

Mark

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US shares and Bitcoin hit record high on Trump win

João da Silva & Charlotte Edwards | BBC News — Wed, 06 Nov 2024 21:04:53 +0000

US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic win.

Bitcoin has also hit an all-time high, following Trump’s election promise to prioritise the volatile crypto currency.

Investors are, however, betting that Trump’s plan to cut taxes and raise tariffs will push up inflation and reduce the pace of interest rate cuts.

Higher rates for longer mean investors will get better returns on savings and investments they hold in dollars.

Markets and currencies around the world have shifted sharply on Wednesday following the US election news:

The major US stock indexes soared in afternoon trading, with banks performing particularly well
The dollar is up by about 1.67% against a host of different currencies, including the pound, euro and the Japanese yen
The pound sank 1.17% against the US dollar to its lowest level since August
The FTSE 100 index, comprising the largest companies listed in the UK, rose in early trading before closing marginally down
The euro dived 1.8% against the US dollar to its lowest level since June as the German Dax and the French CAC 40 and stock indexes closed down 1.14% and 0.51% respectively
In Japan, the benchmark Nikkei 225 stock index ended the session up by 2.6%
In mainland China, the Shanghai Composite Index ended 0.1% lower, while Hong Kong’s Hang Seng was down by around 2.23%

Continue reading HERE

Source: https://www.bbc.com/news/articles/c6246e3w935o

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U.S., global markets plunge as coronavirus cases spike outside China

David J. Lynch, Rachel Siegel and Thomas Heath — Mon, 24 Feb 2020 21:58:55 +0000

The Dow, S&P 500 and Nasdaq are in steep decline as the deadly outbreak expands in South Korea, Italy, and Iran.

Financial markets sounded the alarm Monday about the relentless spread and widening economic impact of the coronavirus, which after ravaging China now threatens havoc on a global scale.

The Dow Jones industrial average sank by more than 1,000 points or 3.5 percent, to close at 27,961.01 as Wall Street interpreted disease clusters in South Korea, Italy, and Iran as a sign that the respiratory illness has outraced confinement efforts in China. The technology-heavy Nasdaq index sank by more than 3.7 percent.

Factories around the world are grappling with parts shortages as their Chinese suppliers struggle to resume normal operations. As global economic engines sputter, the Federal Reserve and other central banks are facing calls for emergency help.

But central bank chiefs may be ill-equipped to battle the economic consequences of the flu-like illness. Interest rates are already in negative territory in Europe and near historic lows in the United States. And making credit less expensive — the Fed’s standard tool for combating a slump — may offset some of the financial upheaval, but will do little to remedy broken supply chains or ease worker and consumer fears of contagion.

“There’s just growing angst in the investor community that this thing is more serious than we realized,” said Chris Meekins, an analyst with Raymond James and former Trump administration preparedness official. “When you’re worried about catching a disease, you’re not going to go out to dinner; you’re not going to go to the movies or sporting events or concerts. The only question is how widespread this becomes.”

After weeks of playing down the likely impact outside China, investors on Monday rushed into traditional safe havens, sending the price of gold soaring as government bond yields, which move opposite prices, plumbed new depths. Oil also fell into bear market territory amid expectations of prolonged global weakness.

“It may not be an actual pandemic yet, but it’s an economic pandemic,” said Diane Swonk, chief economist for Grant Thornton. “It’s global in scope and disrupting activity around the world.”

Monday’s markets action showed the rapid evolution of the coronavirus from a limited threat to supply chains into an across-the-board tightening of financial conditions, said Gregory Daco, chief U.S. economist for Oxford Economics. A spike in volatility may prompt businesses to hit the pause button on planned investments. And as nervous global investors sought safety in U.S. assets, they pushed up the value of the U.S. dollar.

That will make imported goods for American consumers less expensive, chilling inflation and leaving the Fed farther from hitting its goal of 2 percent annual price increases, which the central bank sees as a sign of a healthy economy. As a result, some investors now expect the Fed to cut rates to counteract some of the economic weakness.

“The Fed can’t eliminate all the risks on its own,” said Daco. “What the Fed can do it prevent a worsening of the situation.”

Workers spray disinfectant at the National Assembly in Seoul after it was discovered that a person who took part in a discussion session on 19 February at the Assembly has tested positive for the novel coronavirus. Parliament said that disinfection will be carried out in stages until 26 February. (Yonhap/EPA-EFE/REX/Shutterstock)

[Live updates: China delays political meetings as Xi warns of coronavirus crisis; Wuhan backtracks on easing travel curbs]

Gold, a safe haven in times of turmoil, climbed 1.6 percent to $1,675 an ounce. Brent crude, the global benchmark, skidded 5.4 percent on worries the outbreak will subdue demand for months to come. China is the world’s largest energy consumer, but it has been buying less crude amid virus-related travel restrictions. Meanwhile, major oil producers have yet to reach a deal on emergency measures to scale back output. The drop in oil prices will ramp up pressure on OPEC — the Organization of the Petroleum Exporting Countries — and Russia to reduce oil supplies at an upcoming meeting in March.

U.S. stock markets ended last week in decline, with the tech-heavy Nasdaq shedding 1.79 percent on Friday. Technology stocks like Apple, Amazon and Google parent Alphabet were hit particularly hard. Meanwhile, the yield on the 30-year Treasury fell to an all-time low, suggesting investor confidence in the economy was on shaky ground.

Michael Farr, president of Farr, Miller & Washington, said that the Federal Reserve’s ability to tackle the economic turmoil “is very limited.” A reduction in U.S. rates won’t address the supply problem coming out of Asia, Farr said, or reopen shuttered schools and factories.

“The risk isn’t so much morbidity and mortality, but it is the risk of business slowdown and perhaps even recession, Farr said.

Coronavirus explodes in Italy; cases surge from 3 to more than 200 in a few days

Still, some say it was only a matter of time before global markets reacted sharply, and all at once, to the outbreak.

“The bond market had been signaling danger while the stock market has been blithely climbing the wall of worry,” said Nancy Tengler, chief investment officer of Laffer Tengler Investments. “We expected a much stronger correction on the initial coronavirus news — stocks are due for a pullback, after all. If we get a proper correction as the virus spreads, we think this will be constructive for stocks in the long-run.”

The White House is preparing to request an emergency spending package from Congress to finance its response to the novel coronavirus outbreak and look for ways to mitigate its effect on manufacturing supply chains. The request could be sent in the next few days and could seek nearly $1 billion in funds, according to two of the people briefed on the planning.

From the White House and the campaign trail, President Trump often touts the economy’s strength, and he routinely points to the stock market as one of his administration’s top accolades. U.S. stocks have reached record highs, even in the face of ongoing trade uncertainty. Yet there are still worries that in the event of another downturn, the government and central bank won’t have as much leeway to boost the economy.

U.S. stocks have reached record highs despite ongoing trade uncertainty and other destabilizing like the coronavirus.

In a CNBC International interview that aired Monday, Treasury Secretary Steven T. Mnuchin said it would be difficult to “have strong predictions on the economic issues without being able to predict the health outcome.”

“I think we need another three or four weeks to see how the virus reacts until we really have good statistical data,” Mnuchin said.

On Monday, Chinese leaders postponed the National People’s Congress — the most prominent event on their political calendar — set for March 5. Beijing also reversed course after saying it would relax travel restrictions on the outbreak’s hotbed of Wuhan.

The Chinese government reported 409 new coronavirus cases and another 150 deaths by the end of Sunday. There are now more than 77,000 confirmed cases, with a cumulative death toll of more than 2,500.

[Economic fallout from China’s coronavirus mounts around the world]

Over the weekend, South Korea, Italy, and Iran reported sharp increases in cases. Italy now has the largest known outbreak outside of Asia, with more than 200 confirmed cases and five deaths as of Monday. Officials there aren’t even sure how the virus arrived in the country. South Korea’s caseload climbed to 833. And a spokesman for Iran’s health ministry said that the death toll from the new coronavirus has risen to 12.

“Whatever optimism in the markets recently about the coronavirus resolving quickly has evaporated with the spread to South Korea and other countries,” said John Kilduff of Again Capital. “Demand for commodities of all stripes has cratered in China and aviation traffic is plummeting as well.”

Early on, analysts had hoped that any economic fallout from the coronavirus would be contained to China, based on what happened in the wake of the 2002-2003 SARS outbreak. But today’s China is much more interconnected with the rest of the world, with supply chains on nearly every continent reliant on Chinese manufacturing and labor.

What you need to know about coronavirus

Updated February 24, 2020

The latest: With more than 200 confirmed cases and five deaths, Italy now has the largest known outbreak outside Asia, pushing the world closer to a pandemic.

What is coronavirus, and how does it spread? Coronaviruses are a large family of viruses whose effects range from causing the common cold to triggering much more serious diseases, such as severe acute respiratory syndrome, or SARS. Here’s how epidemics such as that involving covid-19 end (and how to end them faster).

Mapping the spread of the new coronavirus: More than 25 countries have reported at least one case of coronavirus. Infections have been confirmed in France, India, Hong Kong, Japan, Nepal, Spain, Cambodia, Belgium, Singapore, Sweden, Egypt, the United Arab Emirates, Italy, Vietnam, Taiwan, Canada, and Sri Lanka.

How does the coronavirus make people sick, and why does it kill some of them? When people die of the coronavirus, it’s not just the virus that kills them — it’s their own immune system. These are the biggest questions surrounding the virus.

Source: https://www.washingtonpost.com/business/2020/02/24/stocks-dow-nasdaq-coronavirus/

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Dow gains 10,000th point since Trump’s election

Jonathan Garber - FOX Business — Wed, 18 Dec 2019 01:11:31 +0000

The stock market has been unstoppable under the influence of President Trump.

The Dow Jones Industrial Average crossed 28,332.74 on Monday, meaning it has rallied 10,000 points, or more than 54 percent, since Trump’s election victory on November 8, 2016. The benchmark S&P 500 has gained more than 46 percent.

“The rally has been driven by pro-growth measures, de-escalation of trade tensions, huge liquidity injections by central banks and a FOMO approach by investors worried about missing out on a remarkable U.S. market outperformance that has set one record high after the other.” Mohamed El-Arian, chief economic adviser at Allianz, told FOX Business.

The gains show why U.S. markets have become the envy of the world under Trump, who has followed through on his promises of cutting taxes and regulations and rewriting global trade deals in America’s favor.

By comparison, global exchanges such as Hong Kong’s Hang Seng and Britain’s FTSE have gained 20.4 percent and 6.4 percent, respectively, since Trump’s election win, while China’s Shanghai Composite has lost 7.2 percent, according to Dow Jones Market Data Group. Of the major global averages, only Japan’s Nikkei, up 44.1 percent, has come close to the gains of the U.S. markets.

U.S. investors’ holdings have benefited from Trump’s pro-business agenda. He has lowered income tax rates for individuals, cut corporate taxes and rolled back a number of regulations, including restrictions on the country’s biggest banks.

Trump also negotiated the United States-Mexico-Canada Agreement, which overhauls the Clinton-era North American Free Trade Agreement, commonly known as NAFTA, and has embarked on a nearly 21-month-long trade war against China, which he says has “been taking advantage” of the U.S. for years.

This week, Democrats in the House backed the USMCA after months of negotiation, and an initial trade deal with China was reached. Both deals are expected to provide a tailwind for a stock market, and an economy, that have been on fire in the past four months.

The Dow Jones index, for instance, has gained 11.2 percent since bottoming out on Aug. 14.

David Kostin, chief US equity strategist at Goldman Sachs, thinks the stock market’s recent success suggests “the pace of U.S. economic growth will improve in the near future.”

TRUMP’S HOME-RUN WEEK DELIVERS EDGE IN 2020 RACE

His team points to Fed rate cuts along with the bottoming of the inventory cycle as reasons, in addition to the easing of trade tensions with China.

Morgan Stanley Equity Strategist Michael Wilson, who recently released his year-end 2020 S&P 500 outlook, has a base-case target of 3,000 – almost 5 percent below current levels.

He expects the US economy to “muddle through in 2020,” but is concerned that earnings growth will disappoint.

Bob Doll, chief economist at Nuveen Investments, partly agrees. He told FOX Business’s Maria Bartiromo that the recession fears from December 2018 and August are “dissipating,” leading to the stock market’s rally.

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However, Doll says the economy has to deliver, or it will be a sluggish year because “valuations are not cheap” and expectations for next year’s earnings are “a little on the high side.”

Source: https://www.foxbusiness.com/markets/dow-gains-10000th-point-since-trumps-election

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