Global Market Comments March 15, 2016 Fiat Lux Featured Trade: (MARCH 16 GLOBAL STRATEGY WEBINAR), (APRIL 15 HOUSTON STRATEGY LUNCHEON INVITATION), (THE BULL MARKET IN GOLD IS ONLY JUST STARTING), (GLD), (ABX), (NEM) SPDR Gold Shares (GLD) Barrick Gold Corporation (ABX) Newmont Mining Corporation (NEM)
As many of you know, my oldest son, John, is an English teacher at a government university in western China. He is fluent in Mandarin, Cantonese, Japanese, Russian, Korean, and of course, English. I was Skyping with him the other day, and he mentioned something that piqued my interest. There were lines forming outside the
Global Market Comments March 14, 2016 Fiat Lux Featured Trade: (APRIL 25 CHICAGO GLOBAL STRATEGY LUNCHEON), (CATCHING UP WITH WARREN BUFFET), (BRKA), (AXP), (CCE), (IBM), (WFC), (BAC), (THE GREAT SOCIAL SECURITY MARRIAGE BENEFIT YOU?VE NEVER HEARD OF)Berkshire Hathaway Inc. (BRK-A)American Express Company (AXP)Coca-Cola Enterprises, Inc. (CCE)International Business Machines Corporation (IBM)Wells Fargo & Company (WFC) Bank
One of my favorite research pieces to read every year is Warren Buffet?s annual letter to the shareholders of Berkshire Hathaway (BRK/A),his gigantic holding company. Not only does it paint an excellent broad-brush picture of the US economy, it is also witty, funny, and downright educational, even for old farts such as myself. Warren and
The telltale signs were suddenly everywhere.The American Association of Retired Persons (AARP) membership cards appeared, unsolicited, in the mail.? People have started giving up their seat to me whenever I ride BART, especially when I need a haircut.And recently, I have found those never ending TV ads about drugs dealing with arthritis, Alzheimers and erectile
Global Market Comments March 11, 2016 Fiat Lux Featured Trade: (APRIL 22 NEW YORK GLOBAL STRATEGY LUNCHEON), (SUPER MARIO DELIVERS . . . AND THEN HE DOESN?T), (FXE), (EUO), (SPY), (IWM), (MARCH 16 GLOBAL STRATEGY WEBINAR) CurrencyShares Euro ETF (FXE) ProShares UltraShort Euro (EUO) SPDR S&P 500 ETF (SPY) iShares Russell 2000 (IWM)
Well that went over like a lead balloon! European Central Bank (ECB) president Mario Draghi bet the ranch that an aggressive round of quantitative easing would crash the Euro (FXE), (EUO) against the dollar and rescue the continental economy. He certainly didn?t pull any punches. We didn?t just get one bazooka, we got three. In
?Just because we removed the word ?patient? doesn?t mean that we are going to be impatient,? said my friend, Federal Reserve Chairman Janet Yellen. That is pure Janet. I feel like I?m back at Berkeley.
Global Market Comments March 10, 2016 Fiat Lux Featured Trade: (APRIL 21 BOSTON GLOBAL STRATEGY LUNCHEON), (NINE REASONS WHY VOLATILITY IS SO HIGH), (VIX), (SPX), (THE BUY AND FORGET PORTFOLIO), (SPY), (IXUS), (EEM), (VNQ), (TLT), (TIP) VOLATILITY S&P 500 (^VIX) S&P 500 (^GSPC) SPDR S&P 500 ETF (SPY) iShares Core MSCI Total Intl Stk (IXUS)
After years of steadily upward grinding markets, we have suddenly seen three stock market shakeouts of more than 10% over the past six months. The Volatility Index (VIX) has spiked over $50 once and $30 on three separate occasions during the same time period. What gives? Is the bull market over? Is it time to
?Good fortune is often more fatal than adversity,? said the 18th century German emperor, Frederick the Great.
Global Market Comments March 9, 2016 Fiat Lux Featured Trade: (APRIL 15 HOUSTON STRATEGY LUNCHEON INVITATION), (SO, WHAT HAPPENS NEXT?), (SPY), (USO), (CU), (GLD), (GDX), (SLV), (SIL), (FXA), (FXC), (DIAMONDS ARE STILL AN INVESTOR?S BEST FRIEND), (NILE) SPDR S&P 500 ETF (SPY) United States Oil (USO) First Trust ISE Global Copper ETF (CU) SPDR Gold
Come join me for lunch at the Mad Hedge Fund Trader?s Global Strategy Luncheon, which I will be conducting in Houston, Texas on Friday, April 15, 2016. A three course lunch will be followed by a wide ranging discussion and an extended question and answer period. I?ll be giving you my up to date view
I always encourage readers to send in questions. My late mentor, CIA chief William Colby, taught me that questions are always more valuable than answers. Knowing what the enemy doesn?t know is more useful that knowing what they do know. And this is from a guy who organized the French resistance during WWII, so he
Global Market Comments March 8, 2016 Fiat Lux Featured Trade: (APRIL 18 MIAMI GLOBAL STRATEGY LUNCHEON), (AN EVENING WITH TEXAS GOVERNOR RICK PERRY), (LNG), (TSLA), (UNG) Cheniere Energy, Inc. (LNG) Tesla Motors, Inc. (TSLA) United States Natural Gas (UNG)
Global Market Comments March 7, 2016 Fiat Lux Featured Trade: (APRIL 19 ATLANTA GLOBAL STRATEGY LUNCHEON), (FEBRUARY NONFARM PAYROLL ROASTS THE SHORTS), (WHAT HAPPENED WHEN APPLE ENTERED THE DOW?)
Sure, I was expecting a strong, 200K plus print for the February nonfarm payroll report from the Department of Labor on early Friday morning. But 242,000? And another 30,000 in upward revisions for December and January? It boggles the mind. The market hesitated for a few minutes and then it was off to the races.
Apple holders (AAPL) were ecstatic and even apoplectic when they heard that their beloved company would be joining the Dow Average last year. The move required thousands of portfolio managers to add Apple to their portfolios, like the $32 billion worth of Dow index managers, whether they wanted to or not. From then on it
?I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones,? said Nobel Prize winner Albert Einstein.
Global Market Comments March 4, 2016 Fiat Lux Featured Trade: (APRIL 20 WASHINGTON DC GLOBAL STRATEGY LUNCHEON), (SIGN UP NOW FOR TEXT MESSAGING OF TRADE ALERTS), (GAMING THE MARKET WITH MOMENTUM STOCKS), (MTUM), (FB), (AMZN), (HD), (SBUX), (V), (SPY) iShares MSCI USA Momentum Factor (MTUM) Facebook, Inc. (FB) Amazon.com, Inc. (AMZN) The Home Depot, Inc.