1,313 results found
Invest
More than a few individuals were active in the markets in 1999-2000, but many participants today were not. I remember looking at charts and writing about the craziness in markets as the fears of “Y2K” and the boom of “internet” filled media headlines. It was quite the dichotomy. On one hand, it was feared that […]
Daily Market Commentary
The BLS jobs report showed the economy added 272k jobs, well above expectations of 175k, and the 152k jobs reported by ADP. Also pointing to a strong labor market, average hourly earnings were 0.1% above expectations at +0.4%. While the jobs data seems strong, there is a lot of other data within the report, leading […]
Daily Market Commentary
Yes, you read that right: Texas will host a stock exchange. BlackRock and Citadel are lead investors in a new national stock exchange that plans on calling Texas its headquarters. The Texas Stock Exchange will file for registration with the SEC later this year and hopes to be operational in 2026. The exchange will be […]
Daily Market Commentary
In mid-March, we presented daily Commentary readers with a section entitled, Add Cocoa To The List Of “Mooning” Assets. When we wrote the article, the price of cocoa was up by 70% for the year, in line with year-to-date gains in bitcoin and Nvidia. Since then, cocoa prices have fallen by over 40% but have […]
Economics
Corporate greed is not causing inflation, despite the claims of many on the political left who failed to understand the very basics of economic supply and demand. “If you take a look at what people have, they have the money to spend. It angers them and angers me that you have to spend more. It’s […]
Daily Market Commentary
Thursday’s Commentary led with a discussion of how sales at major retailers were slowing appreciably. The takeaway from the piece is that personal consumption, accounting for two-thirds of GDP, is slowing. A reader emailed us, “Not so fast with your judgment. “You may be right, but you should also look at spending on food for […]
Daily Market Commentary
One repeated theme in the current round of earnings is that personal consumption is slowing down. Last month, McDonald’s, Starbucks, and many other retail-oriented stocks fell on weak sales. This week, we are reminded again via poor sales from Target, Lowes, and Macy’s. All three reported a decline in sales compared to last year. Target’s […]
Invest
Since the pandemic-related bazooka of fiscal stimulus, the outstanding Federal debt has risen appreciably. In nominal dollar terms, the recent debt surge is mindboggling. However, the increase is on par with the government’s negligent ways over the last fifty years. The red bars show the percentage increase in debt starting in 1966. The bars reset […]
Daily Market Commentary
Apple’s stock surged 7% after reporting flat earnings and revenue growth. Investors didn’t seem to mind that Apple is struggling to generate growth. What mattered more to Apple investors was their pledge to buyback $110 billion of stock. According to Buybacks are Back by the Wall Street Journal, S&P 500 companies completed $181bn of buybacks […]