by | 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 | 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 | Jun 18, 2018 | alerts, archive, Markets/Economy
Bloomberg reported that the Federal Reserve Bank of Atlanta’s President Raphael Bostic who is also a member of the Federal Reserve’s Open Market Committee (FOMC) has become less optimistic about the U.S. economy. This is due to concerns by the business community...
by | Jun 18, 2018 | alerts, archive, Markets/Economy, Tariffs
The Dow 30 industrials and S&P 500 declined significantly when the US markets opened this morning. Stock market indices in Asia and Europe declined earlier today. The declines were from the anxiety which was caused due to the official start of the trade war...
by | Jun 1, 2018 | alerts, Markets/Economy, Secular Bulls/Bears
Today the Trump administration enacted steel and aluminum tariffs against a majority of the countries in the world including Mexico, Canada, Japan, China and the European Union. The 10% tariff on aluminum and 25% tariff on steel becomes effective at midnight on June...
by | May 27, 2018 | archive, Markets/Economy
The turmoil in Turkey increases the odds for the global stock markets to be much lower by the end of 2018. This week Turkey’s currency, its Lira declined by as much as 9% and fell to all-time lows versus the US Dollar, Japanese Yen and the Euro. What has happened...
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