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The IRS And Your Traditional IRA

The IRS And Your Traditional IRA

Despite the prevalence of 401k plans offered by many employers, Individual Retirement Accounts – or IRAs as they’re better known as – remain one of the most popular retirement savings tools in America. It’s not surprising why since IRAs enable almost anyone to save money for retirement – and possibly save on their taxes while […]
US Factory Orders Tumble In January

US Factory Orders Tumble In January

Following Durable Goods plunge in January (final data showing worsening non-defense orders), US Factory Orders tumbled 1.4% (as expected) – the first drop in six months. Core Factory Orders disappointed and growth slowed to its weakest since June… Under the hood of orders, some sectors stood out with notable collapses… Transportation equipment -10.0% Nondefense aircraft: -28.4% Defense aircraft: […]
USD Bears Are Back Into The Game

USD Bears Are Back Into The Game

The complete counting of the Italian general election vote showed that the center-right coalition won 260 seats in the lower house (out of 630) and the Five Star Movement gained 221 seats, while the center-left got 112 seat. This makes it challenging to form a new government. Yesterday, House Speaker Paul Ryan criticized President Donald […]
E
                                                
                        Trade War Feint

E Trade War Feint

The big market sell-off turns out to have been an unintended consequence of a Trump negotiating tactic: putting pressure on our country’s Nafta partners and opposite numbers in the Trans-Pacific Partnership talks. It was all a negotiating feint. Yesterday, the President suggested to both Reuters and Bloomberg that Canada and Mexico can win exemptions from the steel and aluminum […]
Stocks: A Triangle Pattern Is Forming

Stocks: A Triangle Pattern Is Forming

My Swing Trading Approach I will look to add another couple of positions to the portfolio today, but hold off adding any additional positions, until the downtrend is broken.   Indicators VIX​ – VIX dropped off of their highs of the day, in a big way. Despite only being down 4% yesterday, the overall move lower off […]
Weekly Gasoline Price Update: Regular And Premium Down Again

Weekly Gasoline Price Update: Regular And Premium Down Again

It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were down one and two cents each, respectively, from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.46 and San Francisco, CA is the most expensive city, […]
January 2018 Manufacturing New Orders Declined

January 2018 Manufacturing New Orders Declined

US Census says manufacturing new orders declined, Our analysis shows the rolling averages improved. Analyst Opinion of Census Manufacturing Sales According to the seasonally adjusted data, it was aircraft which accounted for much of the decline. The data in this series is noisy so I would rely on the unadjusted 3 month rolling averages which […]
How Will SailPoint Grow?

How Will SailPoint Grow?

According to a market report by Zion Market research, the global identity and access management market is estimated to grow at 12.5% annually over the next few years to $15.92 billion by 2022. The industry was valued at $7.85 billion in 2016. SailPoint’s Financials Austin-based SailPoint Technologies (NYSE: SAIL) is a newly listed company in the […]
That’s Not A Bond Bear Market

That’s Not A Bond Bear Market

What a true bond bear market looks like A couple of years ago I remember having a discussion with a hedge fund manager. I told him about my theory that the next big surprise would be higher bond rates, not the other way round. I distinctly remember him lecturing me about the overwhelming forces of […]
Bull Of The Day: Statoil (STO)

Bull Of The Day: Statoil (STO)

Commodity prices have been on the move in recent weeks. Part of that move can be attributed to a weakening US dollar but another big chunk of that is chalked up to increased global demand. With the world economy humming along on all cylinders, demand for energy is on the move. Not only has crude […]