Guess who agrees with yours truly that economic damage in reports and forecasts is only temporary? None other than Federal Reserve Chairman Jerome Powell. He said yesterday on the Today show: “This is a unique situation. People need to understand, this is not a typical downturn. What’s happening here is people are being asked to […]
Author Archives: Jason Kelly
Stimulus, and Reconsidering Total Shutdown
It’s good news Wednesday. Yesterday the Dow Jones Industrial Average rose 11.4%, its biggest gain since 1933. Pessimists note the comparison date and point out the long slog of the Great Depression that followed the last such bear-market bounce, but time in the green provided investors with a nice break. Then, last night, the Senate […]
Posted in Coronavirus Digest
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Reasons to Feel Better
How about some good news? Last night, China reported no new local infections for the first time since the outbreak began three months ago. The Federal Reserve invoked its emergency backstop for prime money market mutual funds, a step that helped in the 2008 crash. Congress and the White House are closing in on a […]
Roger on Avoiding the Biggest Risk
Roger Crandell is my longtime research partner and friend. Our picture shown above was taken last September at the Musiktheater in Füssen, Germany. The castle in the distance over my right shoulder is Neuschwanstein. If you have been reading The Kelly Letter for a number of years, you will recall Roger’s name from my background […]
Corona Crash Conference Call
Thank you to everybody who joined last night’s subscriber conference call. I enjoyed gathering live for a change, sticking together through this crash. I apologize if you could not get into the room. It filled up quickly. I will announce the next one farther in advance. In this note, I will recap the call with […]
