You’d think the world was coming to an end. The 10-year is at 3%. Run and hide. “All hell might break lose,” reported CNBC. “Market euphoria may turn to despair,” cried analysts at Bloomberg. But as we’ve long argued, their fear actually creates a buying opportunity. For the first time in four years, the proxy…
DetailsBack in September 2017, the war of words intensified between President Donald Trump and North Korea’s leader, Kim Jong-un. Trump called Kim a “Rocket Man” bent on a “suicide mission”. Kim responded that Trump was a “mentally deranged US dotard,”and threatened to test an H-bomb over the Pacific. Trump warned that the U.S. could “totally…
DetailsU.S. GDP may have slowed a bit, but it was far better than expectations. “The economy is in fine shape,” said Gus Faucher, chief economist of PNC Financial Services Group, as quoted by USA Today. “We will see stronger growth the rest of 2018.” In fact, should all go according to plan, growth won’t be…
DetailsEver since the beginning of 2018, markets have been excessively volatile. Granted, the economy is still as strong as ever with 4.1% unemployment, and robust GDP growth on the heels of consumer spending, but there have been hiccups along the way including fears of a trade war, tensions over Syria, and poor earnings. In fact,…
DetailsSmall cap stocks have been some of the most explosive in April 2018. In fact, such stocks, as measured by the Russell 2000, are up 5% and have been less impacted by geopolitical tension and trade war fears, as compared to large cap stocks. Even better, according to analysts at the FTSE Russell: “With Q1…
DetailsAfter hitting a high of 26,616 in January, the Dow Jones sank 12% to a low of 23,334 in March. While we’ve recovered slightly from that low, we still have to realize there is potential for further downside. Luckily, the economy is strong. Unemployment is still at 4.1%, and there are high expectations for strong…
DetailsAnother strong earnings season is on tap. Banks, for example, came out swinging for the fences, as Citigroup (C) beat earnings with EPS of $1.68, as compared to expectations of $1.61. JP Morgan beat both the top and bottom line with earnings of $2.37 on revenue of $28.52 billion. Wells Fargo (WFC) beat projections with…
DetailsOil is always a fickle trade. Over the weekend, crude oil rallied to a high of $68 on news the U.S., Britain and France launched airstrikes against Syrian storage, research and military targets, as the countries sought to punish its leader over suspected chemical attacks. The strikes only increased fears that the U.S. could be…
DetailsBiotech stocks may be one of the most speculative sectors of the market, but with aging baby boomers creating a surging demand for better care and treatment options, new innovations, and multi-billion-dollar merger and acquisition potential, the sector is not only explosive, but one of the most profitable. In fact, for over 35 years, biotech…
DetailsMost IPOs come with bells and whistles. There’s a roadshow for investors. Underwriters and intermediaries are there to stabilize the share price. Company executives even get to ring the bell at the NYSE open. But Spotify (SPOT), the music-streaming leader, didn’t want any of that. Instead it opted for a direct listing, which allows current…
DetailsThe U.S. economy may have only added a third of the jobs it did in February, but that’s okay. The economy is on solid ground with its 90th consecutive months of job gains. In fact, unemployment still stands at 4.1% with a labor force participation rate of 63% – a measure of the number of…
DetailsYou’d have to see it to believe it. One day after losing 750 points to trade war fears, the Dow tacked on more than 330 points on Tuesday, as tech stocks come roaring back. Netflix for example was up more than $3.40. Amazon recovered $20. “So far, this is a reaction to an oversold condition,”…
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