You could almost hear the roof blow off the top of the New York Stock Exchange when they announced the October nonfarm payroll. At a mind blowing 271,000, it came in at double the low ball pessimistic estimates. The headline unemployment rate dropped to 5.0%, a decade low. The 4% handle beckons next month. Bonds
In view of the blockbuster October nonfarm payroll report, and the collapse of the bond market that followed, it is time to take a cold, steely eyed look, and the financials, especially Bank of America (BAC). What did the stock do? It rocketed by 6.5%, along with the rest of the market, hitting four month
Global Market Comments November 6, 2015 Fiat Lux Featured Trade: (WELCOME TO THE SIX WEEK YEAR), (SPY), (TLT), (BAC), (GS), (SIGN UP NOW FOR TEXT MESSAGING OF TRADE ALERTS) SPDR S&P 500 ETF (SPY) iShares 20+ Year Treasury Bond (TLT) Bank of America Corporation (BAC) The Goldman Sachs Group, Inc. (GS)
Both the major stock and bond indexes are unchanged on the year, as of this week. Those who left on January 1 to sail a yacht around the world, engage in a research project in Antarctica, or meditate at an Ashram in India, will return today and discover that 2015 effectively didn?t happen, at least
Global Market Comments November 5, 2015 Fiat Lux Featured Trade: (WHY DOCTORS MAKE TERRIBLE TRADERS) (KEEP AMERICAN EXPRESS ON YOUR SHORT LIST), (AXP), (V)American Express Company (AXP) Visa Inc. (V)
I remember that the highlight of my 1968 trip to Europe was always my visit to the nearest American Express (AXP) office to pick up my mail.In those pre Internet and email days, it was the only way that a fresh faced 16 year old could stay in touch with a hand wringing family while
Global Market Comments November 4, 2015 Fiat Lux SPECIAL CAR ISSUE Featured Trade: (WHAT I HEARD AT DINNER LAST NIGHT), (GM), (F), (TM), (TSLA) General Motors Company (GM) Ford Motor Co. (F) Toyota Motor Corporation (TM) Tesla Motors, Inc. (TSLA)
It was the kind of dinner invitation I couldn?t turn down. What I learned was amazing. I usually prefer to spend my evenings at home catching up on my research, calling customers, and plotting my next great Trade Alert. So it takes a lot to get me out of my cozy digs, especially during an
?If you want to learn the art of medicine, it is best to follow an army,? said Hippocrates, the ancient Greek physician.
Global Market Comments November 3, 2015 Fiat Lux Featured Trade: (NOVEMBER 4 GLOBAL STRATEGY WEBINAR), (WHAT COULD DESTROY THIS MARKET?), (SPY), (TLT), (FXE), (USO)SPDR S&P 500 ETF (SPY) iShares 20+ Year Treasury Bond (TLT) CurrencyShares Euro ETF (FXE) United States Oil (USO)
The Teflon market is back. Good news is good news. Bad news is good news. What could be better than that? However, there are a few issues out there lurking on the horizon that could pee on everyone?s parade. Let me call out the roster for you. 1) Economic Data Continues to Weaken - After
Global Market Comments November 2, 2015 Fiat Lux Featured Trade: (WHY TECHNICAL ANALYSIS DOESN?T WORK) (SPY), (QQQ), (IWM), (VIX), (IBB), (HCA), (PANW), (SCTY), (TSLA), (BIDDING FOR THE STARS), (SPX), (INDU), (TESTIMONIAL)SPDR S&P 500 ETF (SPY) PowerShares QQQ Trust, Series 1 (QQQ) iShares Russell 2000 (IWM) VOLATILITY S&P 500 (^VIX) iShares Nasdaq Biotechnology (IBB) HCA Holdings,
A few years ago, I went to a charity fund raiser at San Francisco?s priciest jewelry store, Shreve & Co., where the well-heeled men bid for dates with the local high society beauties, dripping in diamonds and Channel No. 5. Well fueled with champagne, I jumped into a spirited bidding war over one of the
?Short term volatility creates long term opportunity, said Rupal Bhansali, of the Ariel International Fund.
Global Market Comments October 30, 2015 Fiat Lux Featured Trade: (NOVEMBER 4 GLOBAL STRATEGY WEBINAR), (BATTERY BREAKTROUGH PROMISES BIG DIVIDENDS), (TSLA), (BECOME MY FACEBOOK FRIEND) Tesla Motors, Inc. (TSLA)
Global Market Comments October 29, 2015 Fiat Lux Featured Trade: (CELGENE WILL MAKE A COMEBACK), (CELG), (XLV), (IBB), (REVISITING CHENIERE ENERGY), (LNG), (USO), (UNG) (TESTIMONIAL) Celgene Corporation (CELG) Health Care Select Sector SPDR ETF (XLV) Health Care Select Sector SPDR ETF (XLV) Cheniere Energy, Inc. (LNG) United States Oil Fund LP (USO) United States Natural
It was known as the ?Tweet that sank Wall Street.? When presidential candidate Hillary Clinton attacked the drug industry last summer, the entire pharmaceutical and health care industries were taken out to the woodshed and beaten like the proverbial red headed stepchild (my apologies in advance to red heads). One of the principal victims was
I am constantly asked if there are any ways investors can take advantage of the current collapse in natural gas prices. You don?t want to touch the gas producing companies, like Chesapeake (CHK) and Devon (DVN), because prices for natural gas are probably going to stay down for years. Good firms that benefit from the
Global Market Comments October 28, 2015 Fiat Lux Featured Trade: (LAST CHANCE TO ATTEND THE FRIDAY, OCTOBER 30 SAN FRANCISCO STRATEGY LUNCHEON), (GENERAL ELECTRIC?S IMAGINATION REALLY IS AT WORK), (GE), (ELUXY), (SYF) (TEN REASONS WHY BONDS WON?T CRASH) General Electric Company (GE) Electrolux AB (ELUXY) Synchrony Financial (SYF)
Come join me for lunch at the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in San Francisco on Friday, October 30, 2015. An excellent meal 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 on