Author Archives: Darren Marchal

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Nike (NKE) is often referred to as a quintessential buy and hold. However, we recently sold a sizable portion of our position in the stock for the BAD BEAT Investing portfolio. The reason we sold the name is not because we do not believe in the company, or that we disagree with the buy and…

Tariff Tough Talk

International trade policy shouldn’t be headline news. We just need stability, so everyone can conduct business—but that’s not where we are. Trade and tariffs are all over the news because President Trump is going after China. This vexes financial markets, which want minimal trade barriers. Regular readers know I’m not a Trump fan… but on…

Milton Friedman: The Way We Talk About Trade Confuses The Issue

Once again, the “mercantilist-in-chief” demonstrates his uninformed and “upside-down” thinking about trade and trade deficits. We’ve heard for years now from Donald Trump about how China has perpetrated one of the “greatest thefts in the history of the world” when it comes to trade with the U.S. His latest Tweets today (above) claim that: a)”We…

Understanding Bond And Preferred Stock Yields

We have written often about bonds and, also about preferred stocks as conservative income-generating investments. Many investors will want to have some money committed to either or both of these vehicles. When considering any fixed-income type investment, of course, one of the main considerations is the return expected from it. The net returns on these…

Weather Struggling To Save Natural Gas

Natural gas prices ground into the lower end of their recent trading range today, with the May contract settling down a bit less than 1.5% on the day.  This came even as we saw GWDD forecasts tick up slightly overnight, and medium-range GWDDs may even briefly set a new record going back to 1981 (from…

Time To Safeguard Global Free Trade

For a year, President Trump has promoted global division and trade friction, while China has defended global trade and cooperation. It is time to defend the open, global economy. If President Xi Jinping’s speech was highly anticipated in the Boao Forum, it was even more eagerly waited in Washington and Wall Street, as trade tensions…