As simple as it sounds, heaven is defined as the S&P 500 breaking above the downtrend drawn from the all-time high of 2873. With rates rising, valuations may not be compelling but nor are they alarming either. (Read last week’s post” The Wall”) We’re on the tail end of one of the best earning’s seasons
On the heels of a market friendly tax cut, record corporate earnings and a chorus of talking heads including yours truly predicting another year of rising stock prices, only one thing is missing. Every bull market has its wall of worry and this year is no different. The usual market killing suspects
Last week was a miserable one for equity investors with the S&P 500 (SPY) posting its worst weekly return in two years. Futures are up sharply this morning following news that U.S. Secretary of Treasury Steve Mnuchin is meeting with Chinese officials discussing ways to reduce the trade deficit between
Whatever your position on global trade and the use of tariffs, the communication of this executive order should have been handled with better coordination.
One look at the yield curve tells me four interest rate hikes aren't likely unless there’s a dramatic change on the long end of the spectrum.
A punch square in the jaw from Mike Tyson is probably how most traders felt when they rang the closing bell Friday. Down at the open after a better than expected jobs number, good news became bad news as investors feared the Fed might accelerate their tightening policy.
America first is not America alone. That seems to be the latest from Davos and frankly I think that’s what it’s always been. President Donald Trump made that point today in his speech before world leaders at the World Economic Forum in Davos.
With just nine trading days into the year, 2018 is one of the best starts I’ve seen in my career. The strong start is welcome news but this goes way beyond corporate taxes being slashed to 21%.
Right out of the gate stocks went into risk on mode with all but one sector finishing the first week of 2018 in the green. Rate sensitive utilities were the lone loser, down almost as much as the S&P 500 (SPY)* was up. It’s easy to get excited when you start off the year this strong but there’s a lot
2018 will likely be a defining year for cryptocurrencies. Since the introduction of bitcoin in 2009 by a seemingly mythical Satoshi Nakamoto the debate has raged between bulls and bears armed with both fact and fiction. Was blockchain technology and the cryptocurrencies it spawned a modern day alternative
David Nelson walks through the highlights of the new GOP tax bill, admittedly through the lens of an investment strategist and portfolio manager.
Net Neutrality is on death row. With a 3 to 2 vote all but certain don’t expect a call from the governor saving the Obama administration’s utility style approach to broadband.
With just 28 trading days left in 2017, investors have a lot to be thankful for this holiday season. Each news cycle presents an additional challenge for tax reform legislation as it makes its way to the president’s desk. Politics aside, some measure of a tax reform package is priced into the market
Carried interest is one of those Wall Street terms that forces a yawn. Your lack of interest is just what the industry is hoping for.
In a stunning sequence of events, heir apparent to the Saudi throne, Prince Mohammed bin Salman, seems to have consolidated power as authorities detained dozens, including Prince Al-Waleed bin Talal, one of the richest men in the world. Along with Al-Waleed were 16 other princes as well as former ministers
If tax reform becomes a reality and repatriation starts to bring back some portion of the $2 trillion in corporate cash offshore, just what will they do with it?
When it comes to Wells Fargo, there’s a pretty big disconnect between the board, the CEO and consumer rights. Then why is Warren Buffett still supporting the board?
Asset inflation on the heels of artificially suppressed interest rates has driven financial instruments to dizzying heights, enriching anyone who went along for the ride.
Experts and diplomats are conceding Kim is a complete wild card, and we may be forced in the end to employ the military option.