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Economic Anxiety Builds with Unexpected Jump in Inflation in May; Stocks Turn Bearish

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S&P Index ytd performance in bear territory due to inflation
The S&P Index dropped 22% this year by the end-of-day Monday…a bear market

>Consumer Sentiment Hits Record Low in June

Things are changing in the economy faster now, causing a dramatic uptick in economic anxiety. The fuse was lit last Friday when the latest government data showed that inflation increased to 8.6% in May compared to last year. The reading on inflation had been widely expected by most economists to drop a point or two from the 8.3% rate of inflation reported in April. The news sent Wall Street into a tailspin as traders interpreted the increase in inflation as a heightened risk of recession.

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Stock Market is Slumping; But Emerald Expositions Stock is Crashing

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*By now you’ve likely heard about the massive sell-off on Wall Street over the last week or two that is largely a reaction to the spreading coronavirus pandemic and its potential impact on markets. Although not a new situation, coronavirus (now known as COVID-19) has spread around the world and is now making its way into the United States – potentially putting U.S. markets and companies like Emerald Expositions in jeopardy.

But while most public companies have seen their stock values drop during this market decline, Emerald Expositions has seen the market value of their stock decline at a much greater clip… What’s going on?

Why is Emerald’s stock value crashing?…

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Best Buy Bombed by Wall Street as Word Comes Its Bonds May Get Rated ‘Junk’

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<April 4, 2012> Best Buy Co. may be starting to feel a little like Rodney “I don’t get no respect” Best Buy LogoDangerfield as Wall Street reacted strongly to news today that Standard and Poor’s may drop the industry’s largest retailer’s bond rating to “junk” status. As word leaked out, Best Buy’s stock dropped 2.55%, more than twice the rate the overall Dow dropped. [Read more…] about Best Buy Bombed by Wall Street as Word Comes Its Bonds May Get Rated ‘Junk’