The Trump Administration is following the playbook of Reaganomics. As part of its Reaganomics program, the Reagan Administration cut back sharply on the regulation of everything from monopoly and oligopoly to pollution and product safety, important elements that likewise effect the aggregate supply curve. Let’s review the microeconomics of monopolies and oligopolies. Adam Smith’s Perfect Read More »
Here is a very important lesson that you need to commit to memory: at market tops, fewer and fewer stocks participate in the upward move. One of the main reasons I gave Bears the advantage over Bulls on the Saturday show last week and have lowered the market sentiment gauge to 40, is that fewer Read More »
AECOM reported both earnings and revenue beats which made the large players volume turn up sharply while the Twiggs Money Flow broke positive.
Put on your macroeconomics hat and hold on for a wild, brain-stimulating ride as Lance dives into the GDP formula and explains the President’s monumental speech at the Asia Economic Summit in Vietnam last week.
The Russell 2000 index prediction was very accurate last week as the Russell followed the predicted path (green line) very closely last week as seen in the chart below. The Russell 2000 is predicted to pullback next week and retest its $140.89 support level by mid-October. Sometime in late October, we will be looking at Read More »
Russia expels US diplomats in retaliation for Congress increasing sanctions against Russia last week. Let’s just get it out of the way. Congress is stupid. Congress can’t act to help Americans who are suffering under a collapsing ObamaCare. Congress can’t help out Americans who are paying too much in taxes. Congress can’t even act to Read More »
Republicans have officially given up on trying to pass a border adjustment tax to even the playing field with our trading partners. The Retail Industry Leaders Association celebrated the news and said they are now ready to get on-board with the President’s tax reform. The retail sector, and stock traders, won a significant victory Thursday Read More »
Looking at Federal Government tax revenue is an excellent way to measure the health of the economy. Most investors overlook using tax receipts as a way to cut through the political propaganda in the mainstream financial media and to see the economy the way it really is. Federal Government Tax Revenue Dropping Fast Government tax Read More »
