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Fresh Troubles For The Turkish Lira

Fresh Troubles For The Turkish Lira

The Turkish lira is in trouble again. Last week, USD/TRY hit an all-time high amid more dire headlines for the Turkish economy and the monetary policy of the Central Bank of the Republic of Turkey (CBRT). On April 3rd, Bloomberg reported the following issues: 7.4% GDP growth in 2017 is overheating the economy. Turkish companies […]
Book Review: Invested, By Danielle Town

Book Review: Invested, By Danielle Town

Danielle Town’s “12-month plan to financial freedom,” Invested: How Warren Buffett and Charlie Munger Taught Me to Master My Mind, My Emotions, and My Money (William Morrow, 2018), written with help from her bestselling author father Phil Town, is much better than the search-tag-filled subtitle would lead one to believe. The setup is this: Danielle […]
4 Business Services Stocks That Outperformed In March

4 Business Services Stocks That Outperformed In March

The business services sector is usually directly proportional to the broader economy, which is currently quite favorable. A rise in GDP, an improving employment scenario, inflation approaching 2%, easing of the U.S. dollar and momentum in oil prices are all signs of improvement in the U.S. economy, which in turn should boost the business service […]
Reaction To ‘The Alerian Problem’

Reaction To ‘The Alerian Problem’

Last week’s blog, The Alerian Problem, drew a bigger than average response. It led to a useful dialogue with sell-side analysts and investors. The shift from MLP to corporate ownership of energy infrastructure is becoming widely acknowledged. Since the FERC announcement in early March disallowing MLPs from including imputed tax expense in setting certain tariffs, […]
AUD/USD Forecast Apr. 9-13 – The Downtrend Channel Doesn’t Fail

AUD/USD Forecast Apr. 9-13 – The Downtrend Channel Doesn’t Fail

The Australian dollar closed lower for the fourth week in a row but did not record new lows for a change. Is it ready to recover? A speech by Phillip Lowe is the main event in a busy week. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Reserve Bank […]
Preliminary NAFTA Deal Won’t Be Ready In Time For Pan-American Summit

Preliminary NAFTA Deal Won’t Be Ready In Time For Pan-American Summit

The three ministers responsible for representing their respective countries during the seemingly never-ending NAFTA talks (what round of talks is this, anyway? Third? Fourth? We forget…) met in Washington on Friday for a last-minute push toward the elusive “agreement in principle” that President Trump had hoped to unveil at this week’s pan-American summit in Lima, […]
Assumptions Equal Problems

Assumptions Equal Problems

The future is tantalizing because it is both unknown and unknowable. At best, we can make educated guesses about tomorrow or next year. Sometimes, it’s actually hard to understand what happened in the past, much less to chart how the future might unfold. The problem is that some guesses are more educated than others, and […]
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                        Market Briefing For Monday, April 9

E Market Briefing For Monday, April 9

Repercussions – Fed Chairman Powell’s realistic and balanced assessment on credit and rate plans, along with Treasury Secretary Mnuchin’s very diplomatic way of handling gotcha-type questions in an extended interview; only briefly swayed the market to rebound; before succumbing and moving to newer lows for the session. Do know that the market did NOT hold […]
5 Things Facebook Must Do Now

5 Things Facebook Must Do Now

Mark Zuckerberg will testify before Congress on April 11. It’s going to be a big day for Mark. It’s going to be an even bigger day regarding the future of data-driven advertising, data-driven marketing, and data-driven decision making. Because of Facebook’s scale, Mark’s testimony is likely to have an impact on how much (and what […]
Dow Breakout Stalls; Semiconductors Make Or Break

Dow Breakout Stalls; Semiconductors Make Or Break

The earlier moving Dow Jones got pegged back a little as it fell inside its prior consolidation. Similar moves appeared for the S&P and Tech Averages, but as these were still range bound prior to Friday their selling was not as noticed. Markets are in a 50:50 tug-of-war between bulls and bears as these (now) […]