As some of you may recall, when our man Gartman was asked this question, he had this response: I would offer up a different answer myself – maybe “blows” or “sucks out loud”. Something along those lines. Because, as you’ve seen, this hasn’t been just a bullish year; it’s been a never-before-seen, unprecedented, all-records-broken kind of year, with things like…
The 115th U.S. Congress delivered its first major legislative accomplishment of 2017 today, passing a landmark bill that makes sweeping changes to the country’s tax code. The bill is an important one for financial markets, as it lowers tax rates for both households and businesses and is likely to provide a modest boost to both the…
Jimmy Song joins me this week to discuss some cryptocurrencies outside of Bitcoin. We address the question that a lot of naysayers for cryptocurrencies ask, what makes these things valuable at all? I also get Jimmy’s opinion on the fact that Bitcoin still needs to be bought to then get into any other Alt-coins. (Audio…
“Davidson” submits: What is interesting is that the pessimists have ignored the drop in US crude inventories which are now ~100mil BBL from the March 2017 high. US Imports remain sluggish as we rely on domestic production to meet export of crude of 2mil BBL/Day and Refined Products of 5.5-6mil BBL/Day. US Oil Production continues…
Whether you’re of the firm conviction that Bitcoin is on the heels of collapse and seeking refuge for your funds, or simply looking to diversify your portfolio, investing in “lower-tier” cryptocurrencies can prove to be a very profitable and wise venture. With industry mainstays enjoying massive gains as of late, notably Litecoin (LTC) quadrupling in size last…
Amid “near collapse,” South Africa’s ruling African National Congress gushed a double whammy of capital-flight-creating rulings this afternoon. The Rand is tumbling after the ANC agreed that land should be expropriated (from whites) without compensation, and perhaps even more worrisome, the Reserve Bank be wholly owned by the state. Enoch Godongwana, head of the party’s economic transformation committee, told…
Big ol’ head and shoulders pattern here, folks. I’m setting my stop at 33.03:
In the alternative investment industry, there is an unpublished list of all-time excellent risk management trades. There is Balyasny Asset Management logically modeling in 2015 that the US Federal Reserve withdrawing quantitative stimulus might lead to a crash and adjusting its risk management overlay accordingly. There is Jim Chanos and Kynikos Associates calling out fraud at Enron, identifying little…
Founded in 1947, Franklin Templeton Investments prides itself in offering “exceptional asset management” to its clients in more than 170 nations throughout the globe. It has presence in 34 countries and over 650 investment professionals. With around $753.2 billion as of Nov 30, 2017, Franklin Templeton Investments is a well-known global investment management firm. The…
I don’t focus much on media bias because journalists generally aren’t dishonest. Instead, they choose which stories to highlight or downplay based on what advances their political agenda. Though every so often I’ll highlight an example of where bias leads to an egregious (maybe even deliberately dishonest) mistake. Like the time a column in the New…
