Bear Market

How’s your Monday?

Three words dominate today’s Bear Market news: Critical, Close, and Closed.

Many analysts say the next 45 days will be critical to the U.S. economy’s ability to pull out of this new recession.

Also, the meat industry continues to struggle with the coronavirus as more processing plants were closed due to employee infections with COVID-19. And retail stores continue to close as well.

On the brighter side, reports out of our nation’s capital indicate a new relief bill is close to being finalized, which will replenish funding to help small businesses.

All this and more in today’s news.

Have a good read…

Famed Stock Market Expert Says Next 45 Days ‘Most Critical Period in U.S. Financial History

Alan B. Lancz, a highly regarded financial analyst who predicted two stock market crashes—1987 and 2008—is now putting a lot of importance on the next 45 days in regards to the stock market’s ability to come back strong. He is also talking about a U-shaped economic recovery (which is a slower process), not a V-shaped recovery (which is a much quicker rebound). “Even if we execute properly, the recovery will…

Mnuchin, Democrats Claim a Relief Package for Small Businesses is ‘Close’

Democratic leaders in Congress have been working with Treasury Secretary Steve Mnuchin to strike a deal that will replenish a popular program that helps small businesses weather the coronavirus pandemic. “I’m hopeful we can reach an agreement that the Senate will pass tomorrow and the House can pass Tuesday,” Mnuchin said on Sunday during a CNN interview. President Trump during a White House briefing on Sunday said…

April Might Be the Ugliest Month in U.S. Economic History

The economic signs aren’t pretty—they all pretty much point to a deepening recession. The plans of a reopening of the economy in three phases are not changing the forecasts by most analysts. The most timely snapshot of the deteriorating economy has been the weekly tally of…

Crude’s Woes Continue, U.S. Oil’s May Contract Skids About 20%

The May futures contract for U.S. crude oil extended losses Sunday evening in electronic trade. This was the lowest level since 2001, as the coronavirus pandemic crisis has hurt demand for crude along with a lack of storage worries together are hammering the commodity as this week begins. Reports say the Trump administration may offer to pay…

Coronavirus Discovered at More Meat Processing Facilities

the COVID-19 virus has been found at more meat processing facilities as concerns about a meat shortage continue. Plants in Illinois, Minnesota, and Kansas have been added to the list, as investors and consumers are starting to pay attention and appreciate the burgers and chicken they are now consuming. In mid-April, a pork plant in South Dakota was found to have over 600 employees with coronavirus. The plant was closed while other plants…

Verizon Buys Zoom Rival for Less Than $500 Million

Last Thursday, Verizon Communications Inc. announced it agreed to buy video-conferencing company BlueJeans Network Inc, a rival of Zoom Video Communications Inc for a price that was under $500 million. This happened during the video conferencing boom brought by the coronavirus, which forced millions of people to work from home due to widely enforced lockdowns. BlueJeans, whose conferencing app is used in 180 countries, is already a partner of…

The Coronavirus Legacy: Fewer Department Stores

Retail stores were already struggling before the coronavirus pandemic…the coronavirus pandemic has put the industry in an even weaker position, as companies scramble to shore up their balance sheets. Investors are bailing. Altogether, $12.3 billion has been wiped from market caps of J.C. Penney, Macy’s…

Could the Coronavirus Speed Up Cannabis Legalization?

As leaders in the U.S. look for ways to restore the economy, one option now being discussed is cannabis. With eight U.S. states deeming recreational cannabis essential during the COVID-19 shutdowns, many are bullish on the cannabis industry—several cannabis CEOs are promoting federal legalization as a means for economic stimulus through tax revenue and job creation. According to estimates, the U.S. cannabis market is worth approximately…

How’s your Monday?

U.S. Economy

Famed Stock Market Expert Says Next 45 Days ‘Most Critical Period in U.S. Financial History

Small Business

Mnuchin, Democrats Claim a Relief Package for Small Businesses is ‘Close’

U.S. Economy

April Might Be the Ugliest Month in U.S. Economic History

Oil Industry

Crude’s Woes Continue, U.S. Oil’s May Contract Skids About 20%

Meat Industry

Coronavirus Discovered at More Meat Processing Facilities

Tech Industry

Verizon Buys Zoom Rival for Less Than $500 Million

Retail Industry

The Coronavirus Legacy: Fewer Department Stores

U.S. Cannabis Industry

Could the Coronavirus Speed Up Cannabis Legalization?