The nutjobs running this world are getting desperate!
SOURCE: https://garykaltbaum.com/imf-report-urges-g20-to-prepare-global-economic-stimulus-plan/
The Morning Look
Stock Market Overview: Futures are up ahead of Thursday’s open. Stocks staged a big positive reversal on Wednesday after bouncing off their 10 day moving average line. The next level of resistance to watch is Monday’s high and the 50 DMA line. Gary’s Thoughts: We repeat…watch the 50 day. A move above does not hurt but keep…
The Closing Look
Stocks opened lower but closed higher on Wednesday after the latest round of lackluster earnings and economic data were released. Oil prices also positively reversed after the latest EIA report was released. Economic data was less than thrilling. First, February’s Flash PMI Services Index Fell to 49.8, miss estimates for 53. Then New Home sales plunged -9.2%…
Fed’s Kaplan to downgrade his expected path of rate hikes at March FOMC
http://www.reuters.com/article/usa-fed-kaplan-path-idUSN9N14B02R
Citibank Will Stop Collecting $34 Million in Credit Card Debt @FoxBusiness
http://www.foxbusiness.com/features/2016/02/24/citibank-will-stop-collecting-34-million-in-credit-card-debt.html
Oil Swoon Forces Chesapeake to Cut Spending in Half @FoxBusiness
http://www.foxbusiness.com/markets/2016/02/24/oil-swoon-forces-chesapeake-to-cut-spending-in-half.html
Tony Blair Gets Diplomatic on EU, U.S. Election @FoxBusiness
http://www.foxbusiness.com/politics/2016/02/24/tony-blair-gets-diplomatic-on-eu-u-s-election.html
IMF report urges G20 to prepare global economic stimulus plan
http://www.reuters.com/article/us-g20-china-imf-idUSKCN0VX2L6
GM, Ford, Fiat Chrysler slide on Morgan Stanley price warning
http://www.reuters.com/article/us-autos-stocks-idUSKCN0VX2GN
Required Reading Of The Day
U.S. new home sales tumble; services sector weakens Obama weighs Republican Nevada governor for U.S. Supreme Court Pimco criticizes bank break-up proposal by former executive, Fed’s Kashkari Oregon refuge protesters to be arraigned over armed occupation Iran arrests father of jailed U.S. citizen: family