Vic Lora | Financial Services

It’s Friday the 13th.

Sports are cancelled.

And we are officially in a bear market.

The Fed is desperately trying to calm the financial waters, infusing $1.5 trillion into the market.

The markets barely noticed Powell’s rate cut last week. Now, the Fed is using longer-term asset purchases to ...

What a wild Wednesday.

Here are the big takeaways:

1). The World Health Organization has officially declared coronavirus a “pandemic.”

2). Many economists are no longer debating whether we’ll have a recession because of the coronavirus...the questions now are how bad will the recession be and...

U.S. markets: Well, that was certainly the craziest trading day that we have seen in a long time. And by crazy we mean terrible. Freaked out over a price war for crude oil, Wall Street had its worst day since December 2008.

More numbers: Over 3,500 stocks traded on the NYSE hit 52-week lows. A...

U.S. markets: Finally, a reason to sing happy birthday that has nothing to do with hand washing. The longest-ever U.S. bull market in stocks turns 11 today, but the coronavirus presents an existential threat no one saw coming.

Energy: Oil futures fell an incredible 30% last night in their bigge...

Okay, so with the Fed cutting the interest rate down to pretty much nothing, the average rate on a 30-year fixed rate mortgage dropped to 3.29% this week, its lowest level on record.

What does this mean in real life? With borrowing rates underneath the basement, homeowners are racing to lock in ...

U.S. market and Presidential race updates:

Bloomberg is out. Biden is in. The markets soared.

The healthcare sector rode Joe Biden’s Super Tuesday coattails to a massive rally, yanking the entire market with it. All three major indexes moved out of correction territory.

Former NYC Mayor Mike B...

Market Update:

Today is a reminder of how irrational the market can be. It was up earlier this morning on the thought that the Fed was going to aggressively cut interest rates.

Here is the current update:

Stocks fell after Federal Reserve Chair Jerome Powell delivered a press conference discu...

US Market Update:

Investors went bargain hunting after last week’s epic sell-off, “buying the dip.”

As a result, the S&P 500 jumped up 4.6% and the Dow Jones jumped up 5.09%.

Investors think central banks will step in to keep the coronavirus from hamstringing entire economies.

Central banks ...

U.S markets: After another gory day for stocks, the major U.S. indexes have entered a correction—they’re down more than 10% from their recent peaks. The S&P's drop was its fastest correction in history.

Cases of coronavirus have passed 82,000 globally, markets are in a correction, and the U.S. e...