Global Market Comments June 9, 2016 Fiat Lux Featured Trade: (JULY 7 DUBROVNIK, CROATIA GLOBAL STRATEGY LUNCHEON) (TACKLING THE INFLATION MYTH), (AAPL), (GOOG), (TWTR), (FB), (THE CALL YOU DREAD TO GET) Apple Inc. (AAPL) Alphabet Inc. (GOOG) Facebook, Inc. (FB) Twitter, Inc. (TWTR)
It was one of those phone calls you dread getting. On Saturday morning, I recognized the area code as coming from my hometown in Los Angeles where I grew up. It was my old friend, Jim, who I went to high school with. He asked me if I was sitting down. I answered, ?Yes.? His
Global Market Comments June 8, 2016 Fiat Lux Featured Trade: (JUNE 29 DUBLIN, IRELAND GLOBAL STRATEGY LUNCHEON), (AN AFTERNOON WITH GOVERNOR JERRY BROWN)
On a recent trip to my lakefront estate at Lake Tahoe, I stopped off at the state capital, Sacramento, to look in on my old friend, Governor Jerry Brown.It is crucial that readers across the country, and indeed, around the world, know what Jerry is thinking. California has always been a ?pathfinder? state, and what
?You are either looking out five days or five years in this market. You?re either a surfer or a yacht. There are no small boats anymore,? said Bob Iaccino, a trader at Yourtradingroom.com.
Global Market Comments June 7, 2016 Fiat Lux Featured Trade: (JUNE 8 GLOBAL STRATEGY WEBINAR),(JUNE 20 LONDON STRATEGY LUNCHEON), (THE MYSTERY OF THE SAN FRANCISCO SUBLEASE)
Commercial real estate agents are baffled. Economists are confused. Even Federal Reserve Chairman Janet Yellen is focusing a great deal of attention on the issue. What the heck is going on with the San Francisco office subleasing market? The question has taken on greater urgency in the wake of Friday?s abysmal nonfarm payroll report, which
?A part of me slipped away?, said former heavyweight boxing champion, George Foreman, when he heard of the death of Muhammad Ali.
Global Market Comments June 6, 2016 Fiat Lux Featured Trade: (JULY 27 BASEL, SWITZERLAND GLOBAL STRATEGY LUNCHEON), (WHAT?S ON YOUR PLATE FOR THIS WEEK), (WHY THE ?UNDERGROUND? ECONOMY IS GROWING),
Economic analysts were sent reeling in the wake of the May nonfarm payroll report released Friday, which showed only a feeble 38,000 in job gains. It appears that the Great American Job Creating Engine has suddenly ground to a halt. You know that big Fed rate rise that was coming in 9 days because the
There is no doubt that the ?underground? economy is growing. No, I?m not talking about violent crime, drug dealing, or prostitution. Those are largely driven by demographics, which right now, are at a low ebb. I?m referring to the portion of the economy that the government can?t see, and therefore is not counted in its
?Financial repression seems to be working. The Fed is pushing everyone into riskier assets. Stocks are the obvious place for that, and it?s driving valuations ever higher.? said Curt Custard, of UBS Asset Management.
Global Market Comments June 3, 2016 Fiat Lux Featured Trade: (JUNE 29 DUBLIN, IRELAND GLOBAL STRATEGY LUNCHEON), (WHY WE DO PUT SPREADS), (ALL I WANT TO DO IS RETIRE), (THE TWELVE DAY YEAR)
Yesterday morning, I used the opening dip to come out of the SPY June, 2016 $212-$217 in-the-money vertical bear put spread at cost. This is being prompted by OPEC?s failure to reach a production ceiling once again. The timing was fortuitous. An hour later, favorable inventory numbers delivered a 3% spike in Texas tea, dragging
I have always believed that if you don?t have a sense of humor, then you better get the hell out of this business. Below is a link to a YouTube video entitled ?All I Want to do is Retire? which covers the decline of the brokerage industry over the last 20 years.The video is currently
I have reported in the past on the value of the Friday-Monday effect, whereby the bulk of the year's performance can be had through buying the Friday close in the stock market and then selling the Monday close (click here for ?The Friday-Monday Effect Exposed?).Well, I have discovered a further distillation of this phenomenon. During
?I think you?re begging to see a tectonic shift towards the dollar,? said Boris Schlossberg of BK Asset Management.
Global Market Comments June 2, 2016 Fiat Lux Featured Trade: (JULY 7 DUBROVNIK, CROATIA GLOBAL STRATEGY LUNCHEON), (A NOTE ON JUNE'S OPTIONS EXPIRATIONS), (TESTIMONIAL)
We have two options position that are in-the-money and expire in 11 trading days, and I just want to explain to the newbies how to best maximize their profits. These comprises: the S&P 500 (SPY) June $212-$217 in-the-money vertical bear put spread with a cost of $4.51 the Japanese Currency ETF (FXY) June $91-$94 vertical
Global Market Comments June 1, 2016 Fiat Lux Featured Trade: (JULY 22 ZERMATT, SWITZERLAND GLOBAL STRATEGY SEMINAR), (WHY I DON?T CARE ABOUT OIL), (USO), (UNG), (XOM) United States Oil (USO) United States Natural Gas (UNG) Exxon Mobil Corporation (XOM)