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A weekly Saturday financial show that attempts to predict market direction for the week ahead by looking at a variety of fundamental and technical charts. This (Read More….)
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….)
I’m of the belief that one reason stock markets smashed all-time high records this week is from the massive short covering going on that led up to the Presidential election on November 8, 2016.
You had billionaires like Warren Buffett and Mark Cuban suggesting that they took short positions in case of a Trump win. (Read More….)
Donald Trump said he would block the AT&T and Time Warner merger if he becomes president, arguing that such media combinations leave too much power concentrated among too few companies. What Trump is describing is monopolistic behavior. As Bloomberg writes…
Trump also suggested he would favor a breakup of NBC and Comcast Corp., a merger (Read More….)
Miley Cyrus as a young girl actor made her popularity by appealing to young Christian girls in the Disney series Hannah Montana (2006). As soon as she came of age, she abandoned God for fame. Miley Cyrus rushed for the spotlight and lost her religion in the process.
Miley Cyrus caused thousands of Christian girls (Read More….)
Increases in government regulation, taxes, environmental regulations, and ObamaCare on businesses, shifted the aggregate supply (AS) curve inward and thus reduced aggregate demand (AD).
With the explosion higher in the cost of doing business, businesses hired fewer workers. In fact, many small businesses reduced the size of their workforce in response to ObamaCare. Less (Read More….)
Do you remember when the WSJ, CNN, CNBC, NBC, ABC, CBS, Bloomberg, Forbes, and Reuters ran stories at the start of the year about how no one even knows who was advising Trump on economic matters? They even went as far to say that Trump had no support of any economists.
That never sat right (Read More….)
Saudi Arabia is now offering an international bond that yields 4.6%. The WSJ writes…
The $6.5 billion 30-year portion of Saudi Arabia’s bond is set to pay 2.1 percentage points more in yield than a comparable U.S. Treasury, or around 4.6%. That is a sizeable pickup in a world where developed-market bond yields are on (Read More….)
We have enough data to say that inflation is finally trending higher.
In case you are wondering why inflation moving higher is important, please review this.
The less volatile sticky CPI confirms the uptrend.
ObamaCare has exploded the cost of medical care higher.
Medical care commodities, which are prescription and (Read More….)
The stock market is being taken down by the rising US dollar. Check out the chart below of UUP and the S&P 500.
Our largest trading partner Canada is devaluing the Canadian dollar.
Our second largest trading partner China is devaluing the Yuan which is pushing up the US dollar. In overnight trading, (Read More….)
The mainstream media and Donald Trump have been at odds for a long time. That’s not news. Every publication from the WSJ, Reuters, and Bloomberg show constant biases in the articles they publish.
As a result, a lot of traders, simply mimicked what they read in the mainstream financial media as if was a fact. (Read More….)
Mainstream media groups (yes that includes Fox New) are putting a positive spin on economic reports on the US economy. This positive spin provides support for Hillary Clinton, and Democrats claim that they’ve managed the economy so well. As traders, you have to be aware that this is going on so that you minimize losses (Read More….)
The US national debt just broke above $19.5 trillion. Both Democrats and Republicans are to blame, but it is important to note that President Obama and Democrats increased the national debt more than all President’s before combined.
George Bush exploded the national debt by $3 trillion in response to an imploding economy and 911. (Read More….)
Never underestimate the utter wickedness of institutional traders. The ‘Get Shorty’ trade is on. The way the trade works is that institutional traders stir up the bearish sentiment in the market by going out in the mainstream media and talking up doom and gloom.
In after-hours trading, they buy S&P futures causing the market to (Read More….)
The Bears strengthened their dominant position over Bulls today as evidenced by the falling money flow on the S&P 500.
No institutional buying was detected today on the TICK. Why isn’t the smart money buying and loading the boat on this market pullback?
The S&P 500 High Low index continues to plunge.
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….)
Donald Trump has correctly criticized the Federal Reserve for keeping interest rates low for Democrats. Yellen’s allegiance to Democrats is something I’ve been talking about for more than a year now.
Janet Yellen herself is a Democrat who was appointed by Obama. Remember how Yellen was questioned about why she was meeting with Democrats more (Read More….)
The U.S. government is pulling out all the stops on the idea that consumers are strengthening, and that GDP will surge higher in the second half of 2016.
Below is the latest Real Personal Consumption Expenditures released on Monday.
Personal income also continues to grow…
Growing real personal consumption and income (Read More….)
I just can’t get behind the idea that consumers are saving so much money at the pump that it’s going to be a boom for consumer spending. Savings at the pump boosting consumer spending is the same claim that the mainstream financial media has made for the last two years. The Wall Street Journal writes…
The real GDP per capita shows just how rocky and unstable the U.S. economy continues to be since the Great Recession.
Most stock traders know what real GDP per capita is, but let’s quickly review for anyone who doesn’t.
GDP is the market value of all finished goods and services, produced within a country (Read More….)