Being the armchair historian that I am, I sense that I have just been through D-Day, the Battle of the Bulge, and Dien Bien Phu, ALL AT THE SAME TIME. That is what it's felt like trading these violent markets this year. After snoring for months, volatility came back with a vengeance. They?re now running
?Who knew the blockbuster this year would be a horror show,? said Tony Crescenzi, market strategist and portfolio manager at bond giant, PIMCO.
Global Market Comments May 12, 2016 Fiat Lux Featured Trade: (THE SECRET FED PLAN TO BUY GOLD), (GLD), (GDX), (PALL), (PPLT), (WHO SAYS THERE AREN?T ANY JOBS?), (TESTIMONIAL)SPDR Gold Shares (GLD) VanEck Vectors Gold Miners ETF (GDX) ETFS Physical Palladium (PALL) ETFS Physical Platinum (PPLT)
When I spoke to a senior official at the Federal Reserve the other day, I couldn?t believe what I was hearing. If the American economy moves into the next recession with interest rates already near zero, the markets will take the interest rates for all interest bearing securities well into negative numbers. At that point,
While winging my way across the South Pacific a few months ago, I spotted an unusual job offer:WANTED: Social worker, tax free salary of $60,000 with free accommodation and transportation, no experience necessary, must be flexible and self-sufficient.With the unemployment rate at 5.3%, and running as high as 45% for recent college grads, I was
I've been reading your blog for a while and found it a helpful beacon in a sea of confusing and contradictory information as I try and make sense of the world (and try and make money from sense!).Kind regards,Toby London, England
Global Market Comments May 11, 2016 Fiat Lux Featured Trade: (MINISTRY COMMENTS DEMOLISH THE YEN), (FXY), (YCS), (THE COST OF AN AGING WORLD), (EWJ), (EWI), (EWG), (EWQ), (EWL), (EWU), (PIN) CurrencyShares Japanese Yen ETF (FXY) ProShares UltraShort Yen (YCS) iShares MSCI Japan (EWJ) iShares MSCI Italy Capped (EWI) iShares MSCI Germany (EWG) iShares MSCI France
We are pretty much home free on our short position in the Japanese yen. At this morning?s mark of $2.92 we had captured 73.33% of the maximum potential profit, earning a tidy 8.15% in only eight trading days. As soon as this position expires on May 20, I?ll be rolling out to the June options.
Regular readers of this letter are well aware of my fascination with demographics as a market driver.They go a long way towards explaining if asset prices are facing a long-term structural headwind or tailwind.The great thing about the data is that you can get precise, high quality numbers 20, or even 50 years in advance.
?If a cop follows you for 500 miles, you?re going to get a ticket,? said Oracle of Omaha, Warren Buffet, in reference to Bank of America?s many legal problems.
Global Market Comments May 10, 2016 Fiat Lux Featured Trade: (MAY 11 GLOBAL STRATEGY WEBINAR), (WHY I?M SELLING US STOCKS HERE), (SPY), (QQQ), (IWM), (VIX), (UUP), (GLD), (GDX), (PALL), (PPLT), (TESTIMONIAL) SPDR S&P 500 ETF (SPY)PowerShares QQQ ETF (QQQ)iShares Russell 2000 (IWM)VOLATILITY S&P 500 (^VIX)PowerShares DB US Dollar Bullish ETF (UUP)SPDR Gold Shares (GLD)VanEck Vectors
There is a method to my madness here. With the volatility Index (VIX) popping above $16 yesterday morning, a window briefly opened that lets us earn some extra money buying a S&P 500 SPDR?s (SPY) May, 2016 $209-$214 in-the-money vertical bear put spread. This is because we can earn excess premium on the short $209
First, thanks for all that you do.? To have a job that you love, and one that does so much good for so many families is a great blessing to all of us.? I am a new retiree, and a recent subscriber. I followed your posts for at least two years before pulling the trigger.
Global Market Comments May 9, 2016 Fiat Lux SPECIAL RESIDENTIAL REAL ESTATE ISSUE Featured Trade: (HERE IS YOUR TOP PERFORMING INVESTMENT FOR THE NEXT FIVE YEARS), (ITB), (PHM), (KBH), (DHI), (AVB), (PPS), (CPS), (ONSHORING TAKES ANOTHER GREAT LEAP FORWARD), (TSLA), (UMX), (EWW)iShares US Home Construction (ITB) PulteGroup, Inc. (PHM) KB Home (KBH) DR Horton Inc.
Have you tried to hire a sewing machine operator lately?I haven?t, but I have friends running major apparel companies who have (guess where I get all those tight fitting jeans?).Guess what? There aren?t any to be had.Since, 1990, some 77% of the American textiles workforce has been lost, when China joined the world economy in
?Kamikaze missions are rarely successful, least of all for the pilots,? said Robert Gibbs, former White House Press Secretary.
Global Market Comments May 6, 2016 Fiat Lux Featured Trade: (MAY 11 GLOBAL STRATEGY WEBINAR), (WHY THE STRONG DOLLAR WILL DRIVE YOUR MAY TRADES), (FXY), (YCS), (FXE), (EUO), (FXA), (UUP), (SPY), (TESTIMONIAL) CurrencyShares Japanese Yen ETF (FXY) ProShares UltraShort Yen (YCS) CurrencyShares Euro ETF (FXE) ProShares UltraShort Euro (EUO) CurrencyShares Australian Dollar ETF (FXA) PowerShares
It?s all about the dollar. In fact, it?s been all about the dollar all year. When the buck is strong, as it was in early January, stocks, commodities, and energy crater. When the greenback is weak, everything rallies as they have done since mid January. The good news for those short stocks, commodities, and oil
?Revenues stink in the banking area. This decade will be the worst for revenue growth since the Great Depression,? said Mike Mayo, the controversial banking analyst at the Asian brokerage and research house, CLSA.
Global Market Comments May 5, 2016 Fiat Lux SPECIAL SALT ISSUE Featured Trade: (REPORT ON THE SKYBRIDGE ALTERNATIVES (SALT) CONFERENCE)