Gallup released the results of a poll that shows 72% of Americans see foreign trade as an opportunity for economic growth.
The mainstream media (ABC, NBC, CBS, FOX, CNN, The New York Times) and those of the Democrat and Republican establishments have not educated the public about what China has done to our country. (Read More….)
February 9, 2017: Live Ventures reports Q1 EPS of $0.71 versus the $0.06 estimate YoY. Revenue also beat coming in at $32.1 million versus the $20.1 million estimate YoY.
January 24, 2017: Dennis Gao, Board Member and Audit Committee chair at Live Ventures Incorporated, has purchased 12,671 shares of Live Ventures stock for an (Read More….)
The rally in stocks from short covering is coming to an end as evidenced by the falling Twiggs Money Flow on all the major indices. I wrote about the Trump short covering rally here. I said a week ago that when we see a negative divergence between the Twiggs Money Flow and the major indices, (Read More….)
We pulled off an incredible victory of getting Donald Trump elected. Congrats guys, we did it. Now the first point of focus is the backward bending Laffer Curve. Thanks to the reckless policies of Democrats and Obama, the national debt is up to almost $20 trillion dollars. The horrible national debt leaves Trump with little (Read More….)
For the week the S&P 500 fell -1.9%, the DJIA fell -1.5%, and the Nasdaq plunged -2.8%. Last week the VIX shot back above 20 to trade at levels not seen since the June Brexit vote. The S&P extended its longest losing streak since 1980 with its ninth consecutive decline on Friday.
Oil was (Read More….)
The Federal Reserve held short-term interest rates steady as traders expected. In the Fed’s postmeeting policy statement, it said it only needed “some further evidence” of economic progress before moving forward with a rate hike.
What exactly is the further evidence that the Fed needs? To answer that, you have to know about what (Read More….)
Albert writes, “Hi Lance; you had another great show tonight. A couple of questions if you don’t mind. First is, I read on your website that you think STM might be a good long term trade. Aside from margin issues (if one doesn’t buy on margin), do you think it’s still a good long-term stock (Read More….)
For the week the S&P 500 fell -0.7%, the DJIA was flat closing up +0.1%, and the Nasdaq dropped -1.3%. On Thursday morning of last week, I closed out all my active swing trading positions and have moved into an income fund that pays a monthly dividend and yields over 5% per year. For me, (Read More….)
The overwhelming number of financial reports on the economy last week showed that the U.S. economy is continuing to slow.
The Federal Reserve has put markets on notice that they will be hiking rates by the end of the year. The Fed is not expected to hike rates next week at their September 21, 2016, (Read More….)
The velocity of money has hit the lowest level ever recorded as I wrote about here. I believe the crowding out effect is at least partially to blame for the slowdown in the velocity of money.
President Obama has run the national debt up to nearly $20 trillion, more than all President’s before him combined. (Read More….)
Both the Fed and Wall Street analysts are forecasting a 3% GDP growth rate for Q3. After yesterday’s release of many economic reports, I would put the GDP growth rate for Q3 at 1.5% at most. Let’s look at yesterday’s economic releases on the charts.
The NY Empire manufacturing index came in at -2%. That (Read More….)
Estimated weekly employee earnings are falling with GDP. Weekly employee earnings are estimated by multiplying total non-farm payrolls by average weekly hours and average hourly earnings. Weekly employee earnings have held around the 4% level since early 2014 but are now being pulled down by the falling GDP.
First, we had earnings falling. (Read More….)
Last month I dropped coverage of GDPNow after the GDP forecast was dropped by a huge amount right before the actual GDP release. Immediately after the GDP release, they release a Q3 GDP estimate that was at 3.7% which supported the Fed’s yearly lie that the economy was set to strengthen in the second half (Read More….)
US GDP was a colossal disaster in Q2, coming in at a seasonally adjusted annual rate of 1.2%. Analysts forecasts were more than double that at 2.6%. The miss on GDP was the largest since Q2 2001.
The Wall Street Journal writes…
The economy has grown at less than a 2% pace for three (Read More….)
One of the reasons I began supporting Donald Trump and declared GuerillaStockTrading as an official supporter of the Trump candidacy almost a year ago has to do with economics and ultimately the stock market.
The majority of people who are against Trump are not very smart when it comes to understanding international trade and macroeconomics. (Read More….)
Last week was a big week for trader psychology with multiple economic reports showing the US economy was not in free fall. The Fed Funds Futures market is pricing in a 43.3% probability of a rate hike by December 14, 2016.
Below is a quick breakdown of the better than expected economic reports last week.