Surprise Devaluation In a move sure to heighten trade tensions with protectionists in US Congress, Surprise China Devaluation Marks Escalation of Currency War. According to conventional wisdom, wars are easy to start and difficult to end. Similarly Beijing’s devaluation, the biggest one-day currency move since 1993, represents the latest skirmish in an emerging battle which, analysts…
Devaluation Could Alter Fed’s Timing The longer you invest, the more you realize the extremely important role central bank policy plays in the global financial markets cannot be overstated. China’s recent currency devaluation puts additional pressure on other central bankers. From Bloomberg: China’s move has raised the risk of a “currency war” as export rivals seek…
Over the recent months I have shared my precious metals, miners and commodity sector forecasts. Also I have shared some of the hidden gem stocks which I am starting to accumulate positions in as the resource market start to carve out a bottom. These stocks each have a very unique opportunity and provide slightly different…
(Photo Credit: Supermac1961) Macy’s Inc. (M) is scheduled to report its fiscal second-quarter earnings on Wednesday, Aug. 12 before the stock market opens. Estimize analysts are predicting EPS of $0.77, two cents above the Wall Street consensus. Last quarter, Macy’s had EPS of $0.56, down 7% YoY. Estimize is also predicting higher revenues than Wall Street at…
From $79.94 exuberant bubble highs overnight to $67.50 lows now, SHAK has collapsed over 15% from its post-earnings highs as the reality of a burger chain selling for 100s of multiple of excited future earnings sets in… Charts: Bloomberg
Introduction When I first got interested in investing in common stocks some 50 years ago, I thought it would be wise to research and then study the investing behaviors and philosophies of the recognized investor greats. My efforts first led me to Ben Graham, and from there to many other famous value investors such as…
The market has long been pointing to September as the month of the first rate hike in nine years. The Fed has mentioned no definite timeline for the lift-off. Yet a rebounding housing sector, ‘moderate’ U.S. economic growth, a decent GDP report and steady job gains give every reason to bet on a lift-off next…
In our last post we looked at the importance of adaptability to overcome obstacles that impede retirement plans. This may also turn out to be especially important for portfolio management going forward, more so than in the past. Michael Kitces has a great post up that provides a detailed account of how well the 4% rule…
Coffee ETFs have been in the bearish territory since last October on record crop production, lower demand and weak broad commodity fundamentals. However, this trend seems to have reversed in recent sessions on supply concerns in Brazil and Central America. This is especially true as both coffee ETFs – iPath Dow Jones-UBS Coffee Subindex Total…
As I suggested on Friday, the oversold condition of the market led to an expected short-term rally. To wit: “Any rally that occurs over the next few days from the current oversold condition should be used as a ‘sellable rally’ to rebalance portfolios and related risk.” Yesterday, the markets sprung to life with a sharp rally as…
