Dow Darts Higher – But Will Backbreaking Unemployment Stunt the Rally?

The Dow Jones enjoyed a triple-digit gain on Tuesday. Wall Street continues to focus on the positives as economic activity comes out of its deep freeze. But ING believes U.S. unemployment could hit 22% in May. The Dow Jones was off to the races on Tuesday as surprisingly-rosy economic data mixed with swirling optimism about the growing number of states that are winding down their coronavirus lockdowns. Stocks cut their gains ahead of the closing bell, but surging crude oil prices helped keep the major benchmarks firmly in positive territory.…

The U.S. Housing Market Could Be Crushed as Home Flipping Returns

Opendoor decides to restart. Housing demand in the U.S. has tanked, and credit has tightened. Job losses add to the uncertainty surrounding the market. As millions of Americans continue to file for unemployment benefits due to the lockdown, the housing market has started feeling the heat. Home sales have started heading south in good measure, but home-flipping specialist Opendoor believes that now is a good time to start buying homes. Source: Twitter Opendoor is in the business of flipping houses for a living–buying a property and selling it for a nice…

Stop Freaking Out About Kawasaki Disease

Everyone you know is rushing to Google to find more information about Kawasaki disease today. The New York Times reported early in the morning that 15 children had been hospitalized with the condition in NYC. Reports say coronavirus could be the cause. But the medical literature says doctors have overdiagnosed it for decades. The New York Times sparked a panicked flurry of online searches for Kawasaki disease on Tuesday. The paper reported that 15 children had been hospitalized in New York City with Kawasaki disease, “a mysterious illness possibly tied…

Kate Middleton’s Selflessness Says More About the Royal Family Than You Think

This year marks the ninth wedding anniversary of Prince William and Kate Middleton, the Duchess of Cambridge. While most couples would celebrate their anniversary with a meal and some “alone” time, Kate spent hers speaking with an NHS maternity ward. This says more about the royal family than most people – especially their critics – realize. Kate Middleton may be married to the future King of Britain, but she’s no different from the rest of us. That makes the selfless way she spent her wedding anniversary even more extraordinary. The…

Elon Musk & Grimes Welcome New Baby – But Where Will They Live?

Elon Musk and Grimes welcomed a new human to the world on Monday. The dynamic engineer/singer duo’s new baby has a name that sounds like a Star Wars assassin droid’s name – if Musk isn’t trolling. The Tesla CEO recently tweeted he’s selling his possessions, and promptly listed two of his Los Angeles mansions on Zillow himself. Billionaire engineer CEO Elon Musk and electronic music sensation Grimes just welcomed a baby boy into the world Monday evening. Musk has five sons from a previous marriage– a pair of twins and…

Xbox Series X Will Rival PS5 Thanks to This Not-So-Secret Weapon

Xbox Game Pass is Microsoft’s not-so-secret weapon ahead of the next generation of the console wars. The number of Game Pass subscribers just cleared the 10 million mark. Microsoft must lean into Game Pass to rival the PlayStation 5, which has enjoyed much more hype. As the PlayStation 5 and Xbox Series X prepared to duke it out in the next generation of the console wars, Microsoft has a not-so-secret weapon: Xbox Game Pass. We learned this week that the gaming subscription service has more than 10 million subscribers. That was…

The Stock Market ‘Fear Gauge’ Is Flashing All Kinds of Bullish Signals

The CBOE VIX has closed below a crucial level for 17 straight trading days. The stock market’s “fear gauge” is also returning toward an “ordinary” market structure after two months of turmoil. Given the VIX’s correlation to coronavirus case rates, this is another bullish indicator for the stock market. A month ago, when the U.S. stock market was still reeling from its fastest collapse in history, BTIG Chief Equity and Derivatives Strategist Julian Emanuel gave some investors some prescient advice. He told them to watch the market’s “fear gauge” for…

America’s $2 Trillion Crush on Jerome Powell Will Disappear Come Payback Time

More Americans have confidence in Jerome Powell than any Federal Reserve chair since Alan Greenspan. His decisive $2 trillion stimulus packages mean more Americans think he will do the right thing than Donald Trump. But how will Americans react when Powell’s generosity ends, and the bill has to be paid? America has a soft spot for Federal Reserve chairman Jerome Powell. The central banker has gained popularity due to his quick actions in mitigating the effects of the coronavirus pandemic. But it’s easy to love the man whose nine emergency…

Shroud’s New Xbox Ad Reveals Microsoft’s Real Mixer Agenda

Microsoft released a new Xbox Game Pass ad starring Mixer streamer Shroud. Shroud is one of several Twitch streamers who have left to join Mixer after signing exclusive deals with the platform. Ads like this may reveal Microsoft’s real agenda in bringing the streamers to Mixer. Gamers got a lovely surprise this week when Microsoft posted a new Xbox Game Pass ad starring Shroud to its YouTube channel. Shroud joined Mixer in October, following other popular streamers like Ninja and KingGothalion who also left Twitch for the service. Shroud Helps…

The Fed Shouldn’t Even Discuss Negative Interest Rates Next Week

The Federal Reserve’s FOMC meets on Wednesday. Given soaring unemployment, some economists are calling for negative interest rates. After years of failed policy in Europe and Japan, the U.S. should steer clear of this deflationary death-trap. The Federal Reserve meets next Wednesday, as the FOMC will decide on interest rates, which currently sit at record lows in the 0% to 0.25% band. Given the enormous economic damage to the United States from the coronavirus shutdown, some analysts are calling for negative rates. Here’s why Jerome Powell should resist taking the…