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                        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 […]
Will Stars Shine On Gold?

Will Stars Shine On Gold?

A major blow to the EU! The populist Five Star Movement won about one-third of the votes in the Italian general elections. It’s another negative shock for the European establishment. Will these stars shine on gold? Five Stars Movement Triumphs We live in strange times. To be a hairstylist, you need a license. But you […]
XL Group Shares Tear Higher After AXA Yesterday Confirmed $15B Merger Deal

XL Group Shares Tear Higher After AXA Yesterday Confirmed $15B Merger Deal

Shares of XL Group (XL) skyrocketed at the opening of Monday trading, after France’s biggest insurance company, AXA, announced it was merging with the insurer a $15.3 billion deal. Following the announcement, shares of the casualty and property insurance group rose to $56.24, an increase of 29.7%. The merger will be funded by AXA, using $7.5 billion […]
Federal Spending: 5 Charts That Tell The Story

Federal Spending: 5 Charts That Tell The Story

I write constantly (some would say incessantly and annoyingly) about entitlement spending. And I occasionally write about discretionary spending. It’s time to address the budget in a comprehensive fashion. Let’s look at five charts to put everything in context and to show how we got into our current mess. Our first chart (based on Table 8.2 from the Office of Management and Budget’s Historical […]