Can Money Printing Trump a Depression?

May 29 21:05 2020 Print This Article

Fred Imbert of CNBC reports stocks extend losses ahead of Trump China news conference:The S&P 500 rose slightly on Friday, erasing losses earlier in the session, as traders breathed a sigh of relief after President Donald Trump signaled no changes to the trade deal with China despite rising tensions.The U.S. equity benchmark finished the session up 0.4%, or 14.58 points, at 3,044.31. The Dow Jones Industrial Average fell 17.53 points, or less than 0.1%, to 25,383.11 as American Express and JPMorgan weighed. The 30-stock index ended the day well off the lows as it was down as much as 368 points at one point. The Nasdaq Composite jumped 1.2%, or 120.88 points, to 9,489.87 as chip stocks rallied.The S&P 500 and the Dow gained 3% on the week, bringing their advance in May to 4.5% and 4.2%, respectively. The tech-heavy Nasdaq rose 1.7% this week, pushing its rally this month to 6.7%.

Read More

About Article Author

Pension Pulse

Leo Kolivakis is an independent senior economist and pension and investment analyst with years of experience working on the buy and sell-side. He has researched and invested in traditional and alternative asset classes at two of the largest public pension funds in Canada, the Caisse de dépôt et placement du Québec (Caisse) and the Public Sector Pension Investment Board (PSP Investments). He's also consulted the Treasury Board Secretariat of Canada on the governance of the Federal Public Service Pension Plan (2007) and been invited to speak at the Standing Committee on Finance (2009) and the Senate Standing Committee on Banking, Commerce and Trade (2010) to discuss Canada's pension system.

Related Items

Market Update: Investors Optimistic as Global Economies Reopen

The quickest bear market in the history of the US S&P 500 turned into the best 50-day bull market rally in history in May. By market close on June 3, 2020, the S&P 500 Index was up 37.7% from its March 23, 2020 low. This bullish investor sentiment has been based on the continued decline in new coro ...

Top Funds' Activity in Q1 2020

Jason Orestes of The Street reports Amazon is clearly what hedge funds are betting on these days:Amazon has been a major beneficiary of the Covid-19 chaos, and hedge funds have taken notice.The fastest bear market in history saw a 30% plummet followed by a rapid 30% rebound. But there has been a l ...

Can Money Printing Trump a Depression?

Fred Imbert of CNBC reports stocks extend losses ahead of Trump China news conference:The S&P 500 rose slightly on Friday, erasing losses earlier in the session, as traders breathed a sigh of relief after President Donald Trump signaled no changes to the trade deal with China despite rising ten ...

Blake Hutcheson is Now OMERS' New CEO

OMERS today made it official, announcing Blake Hutcheson the new CEO to continue global expansion:OMERS is pleased to announce the official appointment of Blake Hutcheson as President and CEO, effective today. Mr. Hutcheson, currently OMERS President, succeeds Michael Latimer as CEO. His appointme ...

5i Stock Screener: Reliable companies for shareholders during a crisis

Shareholder yield is a great way to measure how well companies give back to shareholders and is the sum of both dividend and buyback yield. Companies that repurchase shares in addition to paying a stable dividend also give a few positive signals, particularly during these tough times. ...

Economic / Markets Fundamentals

My primary liquidity indicators are strongly positive. This suggests that economic recovery isnot far off in time and it is supportive of the stock market. Based upon accelerating monetaryliquidity, a degree of economic recovery should begin before summer 2020 is over.Presently, the US economy is st ...

5 from 5i: Shopify displaces RBC to become Canada's most valuable company

Weekly stock market update & five stock related articles we thought were a must-read this week ...

IMCO's Big Stake in Apollo's New Fund

Christine Idzelis of Institutional Investor reports that Apollo took just two months to raise a credit fund that seeks to profit from tumultuous markets — and it got a swift and significant contribution from Canadian pension manager IMCO:When Apollo Global Management approached the Investment Man ...

US Public Pensions Less Than 60% Funded?

Steffan Navedo-Perez of Chief Investment Officer reports that Goldman Sachs estimates public pensions are now less than 60% funded on average: Average funding ratios for public pension funds have declined to 60% and below, down from 74% before the crisis, according to Goldman Sachs Senior Pension ...

How To Buy Bonds

Over time, bonds should find a place in your portfolio. How much you should have will definitely depend on your investment strategy and appetite for market swings. If you are in the market for bonds, you can get in on ... Read more ...

Question and Answer session on The Citizen’s Guide to Climate Success

Here is the video recording of my Question and Answer session on The Citizen’s Guide to Climate Success on May 12, 2020. Thank you to the group, Climate Crisis Legislation Needed Now, particularly Ken Johnson and Kathleen O’Hara. ...

The state of COVID-19 testing

In these unprecedented times, we know that controlling the spread of novel coronavirus requires social distancing and testing. While all of us are doing our parts to stay at home, there’s a lot of confusion, chaos and frustration surrounding coronavirus testing in the US.  Before going further, ...

Episode 118: The Business Case for Deep Fakes with Descript’s Kundan Kumar

Deep Fakes are incredibly realistic impersonations that blur the line between truth and fiction. So what happens when the tech to make them is available to everyone? We’re about to find out. Kundan Kumar is our guest on this episode of the Georgian Impact Podcast. He is co-founder of Lyrebird AI, ...

Episode 120: AI for Accident and Disaster Recovery Has Arrived

Recovery from an accident or a disaster is slow and cumbersome. It can take weeks for the claims process to run its course. That painstaking process includes data collection though – and it turns out that dataset is the perfect training ground for AI. Alex Dalyac is our guest on this episode of t ...

Gold About To Breakout $1800

It was 2008 and we were in the middle of the Great Financial Crisis.  At the time I was working as a math teacher with a small family.  I was already investing in junior gold miners for 10 years before I took the plunge to go full time into becoming a mining entrepreneur leaving a secured tenure ...

Don’t write an obituary for shipping’s dirtiest fuel

High sulfur fuel oil, once the cheap staple diet of the shipping industry, has been usurped by an abundance of low-cost, premium quality bunker fuel. That’s led to seafarers freezing orders for equipment to remove the sulfur from HSFO and maximizing compliant fuels. But don’t write off shipping ...