With last week’s final reading on first quarter GDP, the Bureau of Economic Analysis provides a final review of the National Income and Product Accounts (NIPA). One category worth evaluating is the corporate profits figures. Corporate profits from the NIPA tables are true economic profits from IRS data and not simply profits based on GAAP….
Trump promised to be America’s dealmaker in chief, touting his “extraordinary” ability to negotiate. But so far – whether he’s dealing with foreign governments or with Congress – Trump has shown that he can’t make a deal. Here’s the list: 1. No deal with North Korea. Following his June 12 summit with Kim Jong Un, Trump declared on Twitter…
First I said I believed the US stock market would plunge in January, but I also said that January would not be the biggest drop, but just the first plunge that begins a global economic collapse: the big trouble for the economy and the stock market, I said, would show up in “early summer.” That’s when the stock market crash that…
Here we are with another installment of my “stock considerations” for the upcoming month. With the first week of trading upon us in July, it is time, once again, to lay out a plan for my potential stock pick(s) for the month. As many of you already know, I make sure to purchase at least…
In late 2017 the discussion about blockchain, cryptocurrency and their impact on the real estate market was very much alive, fueled in no small way by the mania surrounding Bitcoin that had surged to over $19,000! The talk of technological disruption extended beyond simply the use of the blockchain and alternative payment systems for real estate…
Ever since breaking below the 30-week moving average in late 2016 gold and gold stocks have been in a sideways trading range unable to resume their uptrend. Gold and gold stocks have had three things working against them during this time frame: weak commodity markets, strong stock markets, and digesting gains from 2016. All three…
The speculators are at it again in the oil market, pushing up prices beyond the fundamentals. Sure the market is tighter than it was two years ago, but one look at gasoline inventories tells you there are more than ample petroleum supplies. In fact, we have more gasoline inventories than a year ago, and we…
Friday’s action didn’t bring about the bounce I would have liked after Thursday’s picture-perfect defenses of lead moving averages or support. The S&P closed with a bearish black candlestick on a spike high above the 50-day MA. Volume climbed in accumulation as On-Balance-Volume triggered a ‘buy’ signal. I would see this as a bearish close and…
Following futures positions of non-commercials are as of June 26, 2018. 10-year note: Currently net short 355.3k, down 4.1k. Core PCE – the Fed’s favorite measure of consumer inflation – rose 1.96 percent year-over-year in May. This is as good as two percent. The last time it rose with a two handle was in April 2012. …
Most people today know at least some things about cryptocurrencies such as bitcoin, and understand that there is a huge earning potential associated with them. The truth is that we might very well be looking at the future of money. Since the potential is so high, buying cryptocurrency does seem to be a very lucrative…
