Fed Chair Janet Yellen's speech at Jackson Hole is expected to avoid talk about monetary policy. But some economists think that could be hard to do.Read More »
"If it is not right, do not do it; if it is not true, do not say it." -- Marcus Aurelius Danger and Opportunity Many folks across the nation were excited by the rare opportunity to witness a solar eclipse on Monday. Trading slowed to a crawl. That event dominated the news cycle -- that is, until the president's planned national address on Monday evening. We said days ago, in this space, that the president had to speak to the nation. He did not go about it quite the way we had hoped, but he did come across as very presidential. He stuck to his teleprompter, and he stuck to his already prepared speech, leaving little room for error. The president spoke of war. On Monday night, President Trump announced
Flying Tiger, Indochino, b8ta, thredUP, Tommy John, Peloton, Calzedonia, Eloquii, UNTUCKit, Juice Generation and Muji are part of the healthy crop of new retailers filling in some space once housed by Macy's Inc. , said Richard Sokolov, Simon Property Group Inc.
While the stock market’s slump has stopped for now, we’re not exactly getting a rootin’-tootin’ rally. Hantec’s Richard Perry sees “markets in summer mode, waiting for signals out of Jackson Hole and unwilling to take any major view,” referring to the Wyoming powwow for central bankers that starts Thursday. It’s not all quiet though, as Amazon’s stock AMZN, -0.54% just unraveled further, leaving the e-commerce juggernaut at a three-month closing low. And all sorts of traders see the recent slide continuing, combining to deliver our call of the day. Chart lovers say Jeff Bezos’s baby has etched a head and shoulders, a pattern that they believe presages more pain: Or the chart might even show a