The blockbuster nonfarm payroll on Friday, coming in at a heady 288,000 has certainly removed any doubt that the US economy will reaccelerate in the fall. Earlier months were substantially revised up. Monthly job growth of 200,000 plus now seems to be the new norm, after five consecutive months of such prints. The headline unemployment
So, I?m sitting here in my Turkish redoubt, fighting off unusually aggressive flies and going over my charts. It?s further proof that no matter where in the world you travel, work follows you. There is truly no rest for the wicked. As a respite, I have the Best of the Guess Who playing on iTunes.
Global Market Comments July 4, 2013 Fiat Lux Featured Trade: (PRESIDENT HILLARY AND THE MARKETS), (TESTIMONIAL)
Yes, I know that the presidential election of 2016 is another two years off. But if you already know the outcome of that contest you can use it to your advantage trading the markets today. You don?t want to get caught out like many conservatives did in 2012, who were forced to dump stock in
Global Market Comments July 3, 2014 Fiat Lux Featured Trade: (MAD HEDGE FUND TRADER SETS NEW ALL TIME HIGH WITH 19.74% GAIN IN 2014), (GOOGL), (TLT), (CAT), (IBM), (SPY), (VIX), (MSFT), (POPULATION BOMB ECHOES), (POT), (MOS), (AGU), (WEAT), (CORN), (SOYB), (RJA) (THE COOLEST TOMBSTONE CONTEST) Google Inc. (GOOGL) iShares 20+ Year Treasury Bond (TLT) Caterpillar
I am writing this to you from the ancient city of Bodrum on the southwest coast of Turkey. Coming here, I had to set my watch ahead ten hours, then back 3,000 years. As I sit here on my balcony, a flotilla of yachts, both large and small, motor by with the Greek island of
Global Market Comments July 2, 2014 Fiat Lux Featured Trade: (JULY 24 ZERMATT, SWITZERLAND GLOBAL STRATEGY SEMINAR), (WHO WAS BEN BERNANKE?), (PLEASE USE MY FREE DATA BASE SEARCH), (DRINKS WITH THE PRESIDENT)
President Barrack Obama certainly arrives at a party like a rock star. Three silver GM Suburban?s flanking a hulking, armored black Cadillac limo screech to a halt with lights flashing. All of the roads in the immediate vicinity are closed to traffic. A dozen sunglasses bedecked Secret Service agents leap out, immediately scanning the perimeter.
Global Market Comments July 1, 2014 Fiat Lux Featured Trade: (WHEN THE DEMOGRAPHIC HEADWIND BECOMES A TAILWIND), (LISTEN TO JOHN THOMAS ON HEDGE FUND RADIO), (AN AFTERNOON WITH ACE REPORTER HELEN THOMAS) (THE TAX RATE FALLACY)
I managed to catch up with my friend, Harry Dent, the other day, the guru on all things demographic (click here for his). Regular readers of this letter are well aware of the enormous headwind impeding all assets classes caused by the retirement of 80 billion baby boomers, which started in earnest at the beginning
During my recent trip to Australia, I had the privilege to be interviewed by Alan Patching, one of the leaders of the country?s vibrant business community. Alan was the chief organizer of the 2000 Sydney Olympics. He is the author of several business books. He is also a professor at Bond University in Perth, Australia.
I managed to catch up with my former white House Press Corp colleague, Helen Thomas, just a short time before she passed away last year at the age of 92. Helen was the oldest and longest serving member of this esteemed group of journalists and had the traditional right to ask the first question at
Global Market Comments June 30, 2014 Fiat Lux Featured Trade: (JULY 7 ROME, ITALY STRATEGY LUNCHEON), (HOW OBAMACARE WILL BOOST YOUR PORTFOLIO), (XLV), (GILD), (XLS), (XPH), (XBI), (GOOG) Health Care Select Sector SPDR (XLV) Gilead Sciences Inc. (GILD) Exelis Inc. (XLS) SPDR S&P Pharmaceuticals ETF (XPH) SPDR S&P Biotech ETF (XBI) Google Inc. (GOOG)
Global Market Comments June 27, 2014 Fiat Lux Featured Trade: (DON?T MISS THE JULY 2 GLOBAL STRATEGY WEBINAR) (JULY 24 ZERMATT, SWITZERLAND GLOBAL STRATEGY SEMINAR) (THE TWO CENTURY DOLLAR SHORT), (CNN?S JOHN LEWIS; THE DEATH OF A COLLEAGUE)
Global Market Comments June 26, 2014 Fiat Lux Featured Trade: (JULY 11 SARDINIA, ITALY STRATEGY LUNCHEON), (MY BRIEFING FROM THE JOINT CHIEFS OF STAFF), (XLK), (WHY THE JGB MARKET MAY BE READY TO COLLAPSE), (FXY), (DXJ), (EWJ) Technology Select Sector SPDR ETF (XLK) CurrencyShares Japanese Yen Trust (FXY) WisdomTree Japan Hedged Equity (DXJ) iShares MSCI
Global Market Comments June 25, 2014 Fiat Lux Featured Trade: (JULY 7 ROME, ITALY STRATEGY LUNCHEON) (WHERE THE ECONOMIST BIG MAC INDEX FINDS CURRENCY VALUE), (FXF), (FXE), (FXA), (FXE), (CYB) (THE FALLING MARKET FOR KIDS), (HOLLYWOOD CASHES IN ON WALL STREET TROUBLES) CurrencyShares Swiss Franc Trust (FXF) CurrencyShares Euro Trust (FXE) CurrencyShares Australian Dollar Trust
My former employer, The Economist, once the ever tolerant editor of my flabby, disjointed, and juvenile prose (Thanks Peter and Marjorie), has released its ?Big Mac? index of international currency valuations. Although initially launched as a joke three decades ago, I have followed it religiously and found it an amazingly accurate predictor of future economic
Global Market Comments June 24, 2014 Fiat Lux Featured Trade: (LAST CHANCE TO ATTEND THE JUNE 26 ISTANBUL, TURKEY STRATEGY LUNCHEON), (THE BEST FINANCIAL BOOK EVER), (A DAY WITH TOM FRIEDMAN OF THE NEW YORK TIMES)
Global Market Comments June 23, 2014 Fiat Lux Featured Trade: (JULY 24 ZERMATT, SWITZERLAND GLOBAL STRATEGY SEMINAR), (THE NEW COLD WAR), (WHY I LOVE/HATE THE OIL COMPANIES), (XOM), (USO), (THE WORST TRADE IN HISTORY), (AAPL) Exxon Mobil Corporation (XOM) United States Oil (USO) Apple Inc. (AAPL)
Come join me for afternoon tea for the Mad Hedge Fund Trader?s Global Strategy Seminar, which I will be conducting high in the Alps in Zermatt, Switzerland at 2:00 PM on Thursday, July 24, 2014. A PowerPoint presentation will be followed by an open discussion on the crucial issues facing investors today. Coffee, tea, and