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Hey, Donald: It’s Not Bad Trade Deals—It’s Bad Money

Hey, Donald: It’s Not Bad Trade Deals—It’s Bad Money

The global trading system’s newly activated one-man wrecking crew was at it over the weekend. Mustering up his best Clint Eastwood impression, Trump invited the Brussels trade bureaucrats to make his day. Retaliate against Harley’s Hogs, Jim Beam’s bourbon and Levi’s Skinny Jeans, proclaimed the Donald, and you folks are going to find yourself neck deep in BMW’s: If the E.U. wants […]
AUD/USD Vulnerable To Dovish Reserve Bank Of Australia Comments

AUD/USD Vulnerable To Dovish Reserve Bank Of Australia Comments

The Reserve Bank of Australia (RBA) interest rate decision may generate a limited reaction as the central bank is widely expected to keep the cash rate on hold, but a batch of dovish comments may weigh on AUD/USD should the central bank tame bets for an imminent rate-hike. Governor Philip Lowe & Co. may merely try to […]
American Eagle Outfitters Upgraded To Strong Buy

American Eagle Outfitters Upgraded To Strong Buy

For today’s bulletin, we take a look at American Eagle Outfitters, Inc.(AEO). American Eagle Outfitters, Inc. is a leading global specialty retailer offering high-quality, on-trend clothing, accessories and personal care products at affordable prices under its American Eagle Outfitters and Aerie brands. The company sources, designs, and markets a versatile line of timeless and relaxed […]
The Most Undervalued FAANG Stock

The Most Undervalued FAANG Stock

“You paid $349 for what?!” That was my wife’s reaction when I got home from work a few weeks ago. See, my wife and I share bank accounts and credit cards. Anything we buy, we both see it. This charge was for Apple Inc.’s (Nasdaq: AAPL) new HomePod — its smart speaker. It wasn’t a surprise to […]
Smallest Withdrawal Since Gas Week 49 Of 2017 To Be Announced Thursday

Smallest Withdrawal Since Gas Week 49 Of 2017 To Be Announced Thursday

Yet again April natural gas prices traded within a very narrow range of just 5.3 cents today, settling up a third of a percent after a modest gap up last evening.  Prices initially gapped up on modest GWDD additions in the medium-range, like we had warned in our Pre-Close Update on Friday.  Sure enough, our […]
Stocks And Precious Metals Charts – Room At The Top Of The World

Stocks And Precious Metals Charts – Room At The Top Of The World

Stocks were lagging overnight, and opened weakly and pretty much floundered for the morning. For whatever reason stocks rallied sharply around 2:30 PM EST for about 45 minutes, selling off that pump into the close, still finishing higher. This is not constructive trading action, contrary to what the spokesmodels were saying on bubble vision. Gold […]
Bullish Setups To Jump Start A Hot Week

Bullish Setups To Jump Start A Hot Week

The bulls are off to a hot start, and you are going to need a solid watch-list to help I’ve put together a list of what I think are the best plays heading into this week. The market is off to a hat start and these are the stocks that you will be wanting to […]
Italy Going Boom

Italy Going Boom

There may come a time not too much further down the road when Brexit will have been not quite forgotten but placed into a second tier of European disintegration. In that top level, if it should continue, would reside all on its own Itexit. The Italians not the Britons will goad the question of the […]
Are Trump’s Steel And Aluminum Tariffs Good For America?

Are Trump’s Steel And Aluminum Tariffs Good For America?

President Donald Trump’s proposed tariff on imported steel and aluminum, at 25 percent and 10 percent, is much more than a shot across the bow. Indeed, this could be the official kickoff of the trade war we all anticipated. The protectionist trade policy, announced last week as the president met with metals executives, raised fresh […]
The Fed’s Accidental Preoccupation With Housing

The Fed’s Accidental Preoccupation With Housing

I get asked frequently about Core PCE inflation. Because the Fed obsesses over Core PCE, as opposed to one of the many flavors of CPI (core, median, trimmed-mean, sticky-price), investors therefore obsess over it as well. My usual response is that I don’t pay much attention to Core PCE, for several reasons. First, there are […]