Whether its Bank of America imposing a $12 fee on a popular low-budget checking account or Wells Fargo fraudulently opening fake accounts in their clients name and proceed to billing them – all without their knowledge – American consumers have every reason to be frustrated with the big retail banks. Which is one reason why Silicon…
Asian share markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.5% while the Hang Seng is down 0.4%. The Shanghai Composite is trading down by 0.5%. US stocks rose sharply on Thursday after President Donald Trump clarified his position on a possible missile attack in Syria, while bank shares popped ahead of…
Welcome to the third installment of the Road to Mastery Series, and you can read previous installments here. In the last installment we established that the quantitative elements are the businesses numerical data, which are found in: The cash flow statement The balance sheet The income statement The equity statement And in addition, the company’s annual…
So, the weekend is ahead. Will the bulls remain tentative?
Investors can easily lose sleep over a position that goes the wrong way. Maybe the Dow Average cratered by 700 points, Gold was down $50, the Euro was spiking 2 cents, or oil was making one of its periodic $2 moves. What’s the answer? Cut your position in half. If your position is so large…
Yesterday I noted that, while the problem of lower labor market participation among the working age population hasn’t entirely resolved, it is getting close to resolving due to the surge in entry into the jobs market in the last two years. As the graph below shows, not only has the prime age population grown by…
After a number of comments have come in on the site regarding a pullback in the PMs into May, for the intermediate cycle, Doc (Richard Postma) and I decided to share some actual numbers. The intermediate cycle for gold looks to bottom in mid to late May but could be extended into early June. For…
“Naïve inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.” ― Ludwig von Mises, The Theory of Money and Credit It is hardly surprising that with equity indices stalling, the financial community is increasingly worried that the long, steady bull market is coming to…
With the tax filing deadline of April 17 a few days away, investors still have some time to make contributions to their individual retirement accounts (IRAs) for the 2017 tax year. IRAs allow investors to buy individual stocks, bonds, ETFs or mutual funds.ETFs are becoming increasingly popular with investors due to their low cost, transparency…
Tomorrow, before the open, earnings season has the opportunity to ignite bullish sentiment in stock… Or torch it. Three influential companies that account for 25% of the Financial Sector ETF (XLF) will report earnings. The companies are, JPM, WFC, and C. Needless to say, the market is likely to take the results from these three…
