Tax Cuts Are Bullish For Oil
While the recent surge to 2-year highs on Brent Crude may slow because of a strong dollar. Yet, the expected march to a tax cut deal in the U.S. is bullish for oil. Tax cuts will equate to growth and that is music to oil bull ears. Demand that has already been surging around the […]
A “Marcus Trifecta” Look At Markets
Over the last few months, I’ve written about how we expect growth and inflation to pick up and surprise to the upside in the coming quarters. This belief is built on positive pressures we’re seeing within the economy as we move into the ‘overheat phase’ and the world benefits from the wealth S-curve tipping point. And with the […]
US 30-Yr Treasury Yield
The bond yield will soon challenge its long-term downtrend. Source: INVESTING.com
Sensex Finishes The Week On A Flat Note; Energy & Bank Stocks Plunge
Indian share markets finished the trading week on a flat note after hitting record highs earlier during the day. At the closing bell, the BSE Sensex closed higher by 10 points and the NSE Nifty finished down by 21 points. The S&P BSE Mid Cap finished up by 0.3% while S&P BSE Small Cap finished up by 0.2%. Gains were largely seen in pharma stocks and automobile […]
FTSE Elliott Wave Analysis: Ended Correction
FTSE Elliott Wave view suggests that decline to 7199.5 ended Primary wave ((4)). Up from there, the rally is unfolding as an impulse Elliott Wave structure where Minor wave 1 ended at 7327.5 and pullback to 7289.75 ended Minor wave 2. Rally to 7494.34 ended Minor wave 3, and pullback to 7473.12 ended Minor wave 4. Minor […]
Global Asset Allocation Update – Friday, October 27
The risk budget this month shifts slightly as we add cash to the portfolio. For the moderate risk investor, the allocation to bonds is unchanged at 50%, risk assets are reduced to 45% and cash is raised to 5%. The changes this month are modest and may prove temporary but I felt a move to […]
Weekly Commodities Wrap: Gold Prices Stagnate As Cross Factors Create Battle For Direction
Gold: Fed Hawkishness Weighs on Yellow Metal The yellow metal came under pressure this week as reports indicated that Republican senators are backing Stanford professor John Taylor to become the next President of the Federal Reserve. Taylor is viewed as a hawk who would likely normalize policy at a much faster rate which would weigh […]
Observations On Wealth-Income Inequality (From Federal Reserve Reports)
There’s a profound difference between assets that produce no income and those that produce net income. To those of us nutty enough to pore over dozens of pages of data on wealth and income in the U.S., the Federal Reserve’s quarterly Z.1 reports and annual Survey of Consumer Finances (SCF) are treasure troves, as are […]
‘What Were You Thinking?’
My friend Eric recently shared an iconic quote from the dot-com mania that is especially relevant to the equity market today. Scott McNeely was the CEO of Sun Microsystems, one of the darlings of that bubble. At its peak, his stock hit valuation of ten-times revenues. A couple of years afterward he had this to say about […]
5 Best-Performing Fidelity Mutual Funds Of Q3
Fidelity is expected to get more attention from investors in the coming months on the back of strong performance in the third quarter. The third largest fund family in terms of assets under management is successfully providing investment advice and wealth management services to its clients. Its ability to offer low-cost mutual funds consistently, effective […]
