Today stunk for me. This chart of the IWM captures the pain nicely: (As an aside, I’m actually not in any ETFs at all, but I thought the above chart showed the persistence of Tuesday’s lift-off; it’s like the small caps “knew” of Janet’s dovishness before she said a single word). I wanted to take a big…
The “short energy” trade worked great for a while and then, as we first warned in late January, just as everyone jumped onboard leading to record WTI (and oil and gas equity) shorts, it very suddenly stopped working in early February when oil proceeded to soar by 50% in the month ahead, leading to the…
The “short energy” trade worked great for a while and then, as we first warned in late January, just as everyone jumped onboard leading to record WTI (and oil and gas equity) shorts, it very suddenly stopped working in early February when oil proceeded to soar by 50% in the month ahead, leading to the…
Nearly a year ago, as part of our survey of alternative income funds (“Alternative Alternative Income”), we picked through a number of floating-rate note (FRN) portfolios to find the potential best-of-class performance should interest rates rise. Well, since then rates have risen by 34 basis points in the three-month Libor and 26 basis points in…
For reasons relatively easy to figure out, the massive flood of repo fails from a few weeks back was largely ignored outside of a few minor references. Not much has been made of it at all, and why would there be since it is really hard to shove the imbalance into “the narrative.” That isn’t to say…
It’s the last quiet week of earnings announcements before the rush of first quarter results hit the wires. But never fear, I’ve uncovered three companies that are poised to beat earnings and most likely put some profits in your pockets. All three should be considered “EZ money stocks” as they’ve regularly rewarded investors in the…
Today Fed Chair Janet Yellen said that ‘caution should be advised in raising rates.’ And the markets went off in the ‘risk on’ direction as the dollar slumped, stocks soared, and gold caught a bid as the smell of easy money for the foreseeable future was in the air. This is nuts. I suspect that…
“The road to success and the road to failure are almost exactly the same.” – Colin R. Davis Stocks showed the breakout finally today that the charts were showing was coming and now we’re off to the races. Just how long this race will last I don’t know but it looks sustainable. All good and…
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Newmarket Gold’s shares have appreciated 75% since the beginning of 2016, but CEO Douglas Forster believes that is just the beginning. The company’s storied founders have set their sights on making Newmarket the…
Ira Epstein leads us through the day’s precious metal highlights. Video Length: 00:09:07
