Financial Markets Think A Rate Cut Is In The Feds Future

President Trump keeps sticking his presidential nose into the Roger Stone case. Mr. Trump claims comments the lead juror made in the Stone trial taint the trial. He also said Judge Jackson is out to get Stone. The president wants to help his conspiracy pal stay out of jail without pardoning the dirty trickster. That’s what Roger likes to call himself.

Mr. Trump will back in his White House saddle Wednesday after enjoying a welcome in India that will go down in the history books as the biggest welcome ever given to a foreign leader, according to Mr. Trump. But the oversized welcome and the state-of-art helicopters Prime Minister Modi bought during the trip didn’t make a difference when it came time to eating India’s food. Mr. Trump and Melania didn’t eat the special vegetarian meal Modi planned for them. Modi had to get another chef that could make the kind of fast food the president likes to eat.

The president thinks Supreme Court Judges Sotomayor and Ginsburg should recuse themselves when his cases reach the court’s docket. Sotomayor wrote a court letter that claims the five conservative judges are team Trump. Sotomayor’s letter points out the fact the conservative judges grant stays in Trump cases that are not worthy of stays. Mr. Trump hammered Ginsburg for her 2016 comment that made the president look foolish. Ginsburg said Trump usually says the first unfiltered thing on his mind, and that behavior is not very presidential.

According to marketwatch.com, the stock market lost more than $1.7 trillion of its value as the coronavirus makes its way around the world. More than 80,000 confirmed cases of the virus are just the tip of the virus iceberg, according to the Center for Disease Control. That loss wipes out all the gains in 2020. The 6.3% loss is the largest adjustment since August 2015.

Economic advisor Larry Kudlow claims the COVID-19 virus is under control and Treasury Secretary Steve Mnuchin told the press the U.S. economy won’t take a hit from the virus. Mr. Trump told the press his administration has the coronavirus under control, but that’s not accurate, according to the CDC.

Investors think the Feds will have to cut interest rates in 2020 to stimulate the economy after the coronavirus runs its course in the United States. But several economists don’t think an interest rate cut will stimulate the economy. There are other factors involved with the slowdown in GDP growth. China’s factories are not in full production mode, and it could take months before Chinese manufacturing and the supply chains that help produce the world’s products to get back to normal, according to Reuters.

Dil Bole Oberoi