Cardillo’s Corner

May 29, 2019

IS A RECESSION COMING IN 2019? ECONOMISTS SAY DATA HAS ‘DISTINCT WHIFF’ OF ECONOMIC SLOWDOWN

Economists have warned the recent slowdown experienced by the U.S. economy carries with it “the unmistakable whiff of a recession.” So far, the U.S. economy has outperformed […]
May 29, 2019

Wall St. set for muted open as trade worries persist

(Reuters) – Wall Street was set for a subdued open on Tuesday after an extended weekend, as investors remained on edge after President Donald Trump signaled […]
May 28, 2019

U.S. economy can avoid a recession with a trade deal, says Peter Cardillo

Spartan Capital chief market economist Peter Cardillo tells Reuters’ Fred Katayama the U.S. will likely reach a trade deal with China in about 5 weeks and […]
May 24, 2019

Uber CEO Dara Khosrowshahi rings the bell at the New York Stock Exchange

Dara Khosrowshahi, the CEO of Uber, rings the bell at the New York Stock Exchange as the ride sharing company goes public.
May 23, 2019

Peter Cardillo Clearcut 5-21-19

May 21, 2019

WSJ Interview

By Dan Molinski Updated May 21, 2019 3:20 p.m. ET —U.S. oil prices fell from a three-week high Tuesday despite a strong session on Wall Street, […]
May 21, 2019

Dow Jones Industrial Average rises by 150 points as US eases Huawei restrictions

THE Dow Jones Industrial Average shot up by 150 points today as technology stocks rebounded from news of the US temporarily easing trade restrictions imposed on […]
May 21, 2019

Wall Street set to open higher on Huawei reprieve

(Reuters) – U.S. stock indexes were set to rise at the open on Tuesday, as concerns over a further escalation in the U.S.-China trade war eased […]
May 20, 2019

Sino-US trade spat weighs US stocks to post losses for three straight sessions

U.S. stocks slipped on Friday, after three straight sessions of gains, as trade tensions were renewed after Chinesemedia took a hardline approach to the tariff dispute between […]