Europe & Dow Showing Emerging Index Leadership As Dollar Plummets
Thanksgiving week is here! I love Thanksgiving. I think it’s my favorite holiday. Food, family, football and fun. Markets do too with the week being historically strong. While Monday and Tuesday do not have a tailwind, Wednesday and Friday certainly do. And then one week from today is a seasonally weak day. Since the big bottom in October we know that Europe and NASDAQ 100 rallied the most to the recent highs. S&P 400, emerging markets, Dow Industrials and Russell […]
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Date: November 21, 2022
It’s Tax-Loss Harvest Season
Happy Thanksgiving! I hope your holiday is meaningful, safe and happy. However—with an appreciation for the beloved November holiday—there is another, less celebrated time that we can recognize this year, as well. It is not just harvest season; it’s tax-loss harvest season. In times when even the affluent can be at risk of losing wealth to inflation, that’s a good thing. This article explains these topics: Tax-loss harvesting: what is it & how does it work? Even the affluent need […]
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Date: November 21, 2022
Gridlock Is Good
I spent yesterday in NYC for the first time since early June. And I did something I said I would never do again, or at least for 5 years. I rode the subway, multiple times. I was surprised at how empty it was. I was surprised that people take dogs on now which is against the rules. I was shocked at how many just jumped the turnstile in front of MTA agents and not a single person even flinched. Why […]
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Date: November 18, 2022
The Fall of SBF Continues as Markets Yawn
The FTX news and spectacular collapse of the company and crypto poster boy, Sam Bankman-Fried (SBF), continues. From 10,000 creditors, last I saw it was up t0 1,000,000 creditors. Other crypto firms are being wiped out in the contagion. Thankfully, it seems limited to that sector and is not systemic. SBF is yet another in a long line of supposed transcenders who knew better and ended up in ruin. The Hunt brothers with silver in 1980. Bernie Madoff in 2008. […]
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Date: November 16, 2022
And They Called ME An Idiot
Last week was chock full of news on all fronts. There was something for everyone, including my Cowboys embarrassingly falling apart in the fourth quarter. Inflation, markets, crypto and geopolitics. I intended to cover everything in detail in this video below, but there just wasn’t time although I was able to touch on all topics. And They Called ME An Idiot In one portion of the video above, I forgot to list some high profile and well-heeled big money investors […]
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Date: November 14, 2022
A Crypto Era Ends – And Not Well
Well, well, well. We certainly have too much to cover today. What a few days, culminating with the sensational rags to riches to bankruptcy story of FTX and one of crypto’s most ardent supporters, Sam Bankman-Fried. I’ll say this. A few years ago when I saw him scaling the ranks of crypto architects, I thought he could be one of the posterchilds for crypto and its future blow up. For years I called the whole crypto craze Dotcom 2.0 and […]
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Date: November 11, 2022
***Special Election Update***
I don’t know how I am going to survive not seeing 8 straight commercials targeting MAGA Mike and Liberal Lisa. And who will send me a barrage of texts warning me that Pelosi is wrecking economy and Trump is threatening our democracy. I am so excited that it’s over. I haven’t written much about the actual election because historically, it’s not a market moving event. Those wondering why I haven’t discussed my model for forecasting elections using stock market and […]
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Date: November 9, 2022
Strong Jobs Report But Look Under The Hood
On Friday the government released the employment report. The economy grew by 261,000 jobs versus the 205,000 estimated. On the surface that is great news. However, when you have a Federal Reserve hellbent on destroying demand, this kind of economic strength only feeds fuel to the higher interest rate fire. The unemployment rate ticked up to 3.7% versus the 3.5% estimated. Without getting wonky the birth death model, an algorithmic tool used to estimate new business openings and closings, added […]
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Date: November 7, 2022
Is Your Retirement Safe in Today’s Bond Market?
Between higher interest rates, inflation, and a tumbling stock market, it may feel like your retirement savings are in danger. So, is this a good time to get (or keep) invested in bonds? The short answer is “Not without doing your homework first.” Let’s take a look at the state of the bond market. Once we have a working knowledge of the pros and cons, you can decide from there if bonds are still a safe investment for your retirement. […]
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Date: November 7, 2022
Powell on the Warpath
What a crazy week! It’s good to be in CT and not flying again until December although I really do love seeing so many folks. Three trips in October was plenty. Atlanta, Dallas and Florida. With skiing in Vermont scheduled to open in one week, it’s time to start packing up although it certainly does not seem like Mother Nature will be cooperating anytime soon. She is giving all her winter love to the Wasatch and the Utah ski areas. […]
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Date: November 4, 2022
