Category Archives: Wall St.

Trillion Dollar Apple

trillion dollar apple

On Thursday Apple became the first company ever to be valued over a trillion dollars.

Trillion Dollar Apple

That’s a number equal to one fourth of annual federal spending. Or one twentieth of the federal debt.

Facebook Face Plant

facebook face plant

The stock market unfriended Facebook yesterday. Investors vaporized $119 billion of Facebook’s value – 20% of the company’s market cap. It was the biggest 24 hour stock sale  in history.

Facebook Face Plant

Founder Mark Zuckerberg face planted too. He lost $15 billion in for the day.

Hope his student loan is paid off.

Main Street Meets Wall Street

main street meets wall street

The unemployment rate fell below 4% for the first time in 18 years. Good news for Main Street. But Wall Street’s not so sure.

Main Street Meets Wall Street

The Fed hit its 2% inflation target. Will it raise interest rates more? Is Trump starting a trade war? Who knows? Well, we do know he killed the Iran deal today and the Dow said Moooo.

 

Stock Market Whiplash

stock market whiplash

The economy’s too good. The beer’s too cold. The stock market is suffering whiplash.

New Davos Man Tune

davos man

Thanks to tax reform and deregulation the economy is booming and the stock markets are soaring. Apple is returning billions to the U.S.  And other companies are offering pay raises and bonuses.

So Trump celebrated by slapping 30% tariffs on imported solar panels and washing machines.

New Davos Man

On Friday he speaks to the global ruling class in Davos Switzerland. Maybe I should have had the new Davos Man blowing “America First.”  Or “Trade War.”