Apple is doomed. And 2018 is the year where I believe you’ll start to see that this once-great American company has peaked and the Apple stock price is ready to decline. Truthfully, I’ve been wrong on Apple Inc. (Nasdaq: AAPL) stock for a year now. Driven by Warren Buffett’s huge buying spree — over $20 billion in shares —…
In a landmark decision on Dec 14, the FCC repealed Net Neutrality laws which came into force under the Obama administration. The move was in the offing ever since Ajit Pai was appointed the FCC’s chairman earlier this year. Pai, a staunch Net Neutrality opponent, has always maintained that consumers would be worse off under…
Copper Bounces Off The Lows In a previous article, a couple weeks ago I discussed how copper’s decline didn’t mean you should get worried about the global economy. Sure enough, the price of copper, which you can see in the chart below, has rallied sharply back to where it started the selloff in October. Now…
Market Analysis The combination of a record world wheat crop and a sizable US corn crop has weighed on wheat prices during the last half of 2017. Despite last summer’s price spike on US Plains dryness, wheat values have retreated to last year’s levels as world competitors had a record (FSU) or better-than-expected (EU &…
When all is said and done with the Trump Presidency I suspect we’ll remember the era as “The Trump Bubble”. As I outlined earlier this year and on election night last year, it just makes too much sense – big talking business man comes in and implements a bunch of business friendly policies all the while exaggerating the…
Oh, my – – what’s this stock that has plunged 40% in the past two months? A high-flying biotech firm? A crazy Internet startup? A crypto blockchain tea company? NOPE! It’s Pacific Gas & Electric, the ancient, boring, super-stable blue chip utility outfit.
How do you know when the euphoria has reached a fever pitch? Well, one indication might be when you poll active money managers, ask them to provide a number that represents their overall equity exposure, and the most bearish responses you get are still bullish. Every week, the NAAIM asks member firms to choose a number that indicates…
Just a week after CME started Bitcoin futures trading (and 2 weeks after CBOE), a number of massive arbitrage premiums have finally started to collapse as shorts dip their toes in a risk-limited way… The first ‘arbitrage’ is the Bitcoin Futures-Spot spread which was well over $2000 in the first few days of Bitcoin Futures trading. As volumes have picked…
We approach 2018 having seen the seeds planted in recent years for a monetary revolution. They include the massive world-wide expansion of credit and debt since the last credit crisis, and the advent of potentially disruptive cryptocurrencies. Geopolitical shifts of tectonic scale have occurred, hardly noticed by the ordinary person. That was until now. We…
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