Joel Elconin - Benzinga Pre-Market Prep Show – Tue 3 Mar, 2020

Inside the head of the Fed for the 50 bps cut

Joel Elconin is up next with his thoughts on the Fed rate cut and the reasons behind the cut. Driving home the fact that central banks are going to continue to be easy there are a lot of risks and fear in the financial system.

Click here to visit the Benzinga website and listen tot he recordings of Joel’s Pre-Market Prep Show.

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Comments:
  1. On March 3, 2020 at 10:29 am,
    Covid Kid says:

    The dog faced pony soldiers must be moving into action. Drudge says “Biden Top Odds for Nomiation.”

  2. On March 3, 2020 at 10:31 am,
    Covid Kid says:

    We must be really screwed if those Feral Reservers cut 50.

    • On March 3, 2020 at 10:47 am,
      OOTB Jerry says:

      And bond yields are crashing…with 10Y Yield breaking below 1.00% handle for the first time ever…YEP>>>>>>>>>>>>>>>>>>>>>

      • On March 3, 2020 at 6:51 pm,
        Excelsior says:

        We mentioned on Friday’s blog and weekend show that the FED would be doing damage control this week and would likely cut rates. I’m not sure why so many were surprised by them doing it to avoid another market taper tantrum.

    • On March 3, 2020 at 10:48 am,
      OOTB Jerry says:

      And bond yields are crashing…with 10Y Yield breaking below 1.00% handle for the first time ever…YEP>>>>>>>>>>>>>>>>>>>>>screwed………someone is screwed…….who…. lol

      • On March 3, 2020 at 10:49 am,
        OOTB Jerry says:

        I had to take a DOUBLE TAKE on the news……………… 🙂

        • On March 3, 2020 at 6:54 pm,
          Excelsior says:

          It is pretty crazy that the 10 year was below 1% today. Wild!

          • On March 3, 2020 at 6:55 pm,
            Excelsior says:

            I’d rather hold Gold for 10 years rather than get a measly 1% from a government backed treasury. Thanks Uncle Sam…. but no thanks….

      • On March 3, 2020 at 10:51 am,
        Covid Kid says:

        Completely absurd…anyone who would loan this criminal gooberment money for 10 years for less than 1% is nuts…unless you want to speculate the rate goes even lower…anyway, only and idiot holds on to it for ten years.

  3. On March 3, 2020 at 10:53 am,
    Covid Kid says:

    Hah! Check this out…

    https://www.mediaite.com/tv/donna-brazile-shocks-foxs-ed-henry-by-telling-ronna-mcdaniel-go-to-hell/

    And be sure to read the comments by Corn Pop Malarkey.

    • On March 3, 2020 at 10:56 am,
      Covid Kid says:

      I think Brazil just came up with a new campaign slogan, “Vote for Joe and go to Hell!”…”Biden/Hell 2020.”

  4. On March 3, 2020 at 3:10 pm,
    Dick Tracy says:

    The expected recovery in the stock market did not come instead The Dow fell 785 points after a half per cent rate cut. Surely this can’t go on much longer. Where were the bargain hunters today. Why wasn’t The Fed able to support the prices. The markets look to me like there is no support, just wild erratic movements up and mostly down. DT