Any monetary hawks hoping for an acceleration of the Federal Reserve's interest rate policy had their hopes sorely dashed today. Chairman Janet Yellen?s speech could not have been more dovish if it had been written by the most extreme deflationista. Let me parse her words for you: ?greater gradualism? ??less favorable economic conditions? ?weaker foreign
I was pondering an FXE trade alert from MHFT today when my cell rang with a Berkeley, CA area code. Since I know a couple people in that part of the world, I answered, and it was none other than John Thomas.Had I not heard his voice on the MHFT webinars, I would have thought
?I can calculate the motion of heavenly bodies, but never the madness of crowds,? said Sir Isaac Newton, the inventor of calculus and discoverer of Newton?s Laws, who lost his entire fortune in a 17th century investment scam called ?the South Sea Bubble.?
Global Market Comments March 29, 2016 Fiat Lux SPECIAL TESLA 3 ISSUE Featured Trade: (APRIL 20 WASHINGTON DC GLOBAL STRATEGY LUNCHEON), (MARCH 30 GLOBAL STRATEGY WEBINAR), (HOW TESLA TAKES OVER THE WORLD ON THURSDAY), (TSLA), (GM), (TM), (NSANY), (DDAIY) Tesla Motors, Inc. (TSLA) General Motors Company (GM) Toyota Motor Corporation (TM) Nissan Motor Co. Ltd.
I stopped by Tesla?s (TSLA) Fremont, California factory last week to test drive my new high performance Model X SUV and noticed something interesting. There was major new construction under way in the customer delivery area. That was to be expected, since the company has already announced that they plan to boost production of their
Global Market Comments March 28, 2016 Fiat Lux Featured Trade: (APRIL 19 ATLANTA GLOBAL STRATEGY LUNCHEON), (DON?T GET SCAMMED BY THE MUTUAL FUNDS), (WHY I LOVE/HATE THE OIL COMPANIES), ?(XOM), (COP), (OXY), (USO) Exxon Mobil Corporation (XOM) ConocoPhillips (COP) Occidental Petroleum Corporation (OXY) United States Oil (USO)
The first thing I do when I get up every morning is to curse the oil companies as blood sucking scourges of modern civilization.I then fall down on my knees and thank God that we have the oil companies.This is why petroleum engineers are getting $100,000 straight out of college, while English and political science
?Whenever I hear someone in finance say that a one in two billion year event just happened, I say that you just demonstrated you have a model for measuring tail risk that isn?t any good,? said former Treasury Secretary and Harvard University President Larry Summers.
Global Market Comments March 25, 2016 Fiat Lux Featured Trade: (APRIL 18 MIAMI GLOBAL STRATEGY LUNCHEON), (MARCH 30 GLOBAL STRATEGY WEBINAR), (A DAY WITH TOM FRIEDMAN OF THE NEW YORK TIMES), (TESTIMONIAL)
Global Market Comments March 24, 2016 Fiat Lux Featured Trade: (APRIL 15 HOUSTON STRATEGY LUNCHEON INVITATION), (STOCK PICKS FOR A REPUBLIC WIN IN NOVEMBER), (CVX), (XOM), (COP), (BP), (RIG), (DO), (BTU), (SHAW), (CCJ), (CHK), (DVN), (NOC), (GD), (ZMH), (UNH), (HUM), (PFE), (AAPL), (UNP), (BAC) (CYBER SECURITY IS ONLY JUST GETTING STARTED), (PANW), (HACK) Chevron Corporation
It looks like the cyber security sector is about to take off like a rocket once again. There could be another 25%-50% in it this year. The near destruction of Sony (SNE) by North Korean hackers last November has certainly put the fear of God into corporate America. Apparently, they have no sense of humor
?If we don?t visit disorder, disorder will visit us,? said Tom Friedman, my old buddy and columnist for the New York Times.
Global Market Comments March 23, 2016 Fiat Lux SPECIAL WINNING OPTIONS TRADING ISSUE Featured Trade: (APRIL 25th CHICAGO GLOBAL STRATEGY LUNCHEON), (HOW TO RELIABLY PICK A WINNING OPTIONS TRADE)
Global Market Comments March 22, 2016 Fiat Lux Featured Trade: (APRIL 22 NEW YORK STRATEGY LUNCHEON), (THE HARD TRUTH BEHIND SELLING IN MAY), (NOTICE TO MILITARY SUBSCRIBERS)
Followers of my Trade Alert service have watched me shrink my book down to only two positions, the smallest of the year.That?s because I am a big fan of buying straw hats in the dead of winter and umbrellas in the sizzling heat of the summer. I even load up on Christmas ornaments every January
?The time to worry about the Fed is not when they go from accommodative to neutral, it is when they go from neutral to tight,? said Bill Miller the legendary former chairman and CIO of Legg Mason Capital Management.
Global Market Comments March 21, 2016 Fiat Lux Featured Trade: (APRIL 21 BOSTON GLOBAL STRATEGY LUNCHEON), (THE DEATH OF THE HEDGE FUND), (SPY), (VRX), (USO), (CHINA?S COMING DEMOGRAPHIC NIGHTMARE), (FXI) SPDR S&P 500 ETF (SPY) Valeant Pharmaceuticals International, Inc. (VRX) United States Oil (USO) iShares China Large-Cap (FXI)
Without question, this has been the quarter from hell for the hedge fund industry. It hasn?t helped that the big cap S&P 500 Index (SPY), has cratered by 14% and then immediately rocketed by 14% three times in the last 18 months, with NO net movement overall. The latest rally has seen the biggest move
?We?re in a secular bull market for the dollar. ?A strong dollar is a natural consequence of America emerging from a liquidity trap, while Europe and Japan are still stuck in one. The dollar is a growth stock, and growth stocks over time outperform utilities,? said Paul McCulley, formerly the chief economist at bond giant
Global Market Comments March 18, 2016 Fiat Lux Featured Trade: (APRIL 20 WASHINGTON DC GLOBAL STRATEGY LUNCHEON), (JANET CUTS THE KNEES OUT FROM UNDER THE DOLLAR), (SPY), (FXY), (FXE), (UUP), (GLD), (GDX), (SLV), (SIL), (TEN TIPS FOR SURVIVING A DAY OFF WITH ME) SPDR S&P 500 ETF (SPY) CurrencyShares Japanese Yen ETF (FXY) CurrencyShares Euro