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Don’t Get Burned By FIRE

Don’t Get Burned By FIRE

For those not familiar, there’s a corner of the internet for which FIRE is an acronym. FIRE stands for “Financially Independent, Retire Early.” There’s a thriving community around this idea of FIRE which you can find on Reddit here. While most of my clients are in their 50s and 60s, many (not all) of them eagerly […]
Strength Is Back In Black

Strength Is Back In Black

“You’ve got to say, I think that if I keep working at this and want it badly enough I can have it. It’s called perseverance” – Lee Iacocca Strength is back, and we’re in the black! Indexes and stocks are breaking out en masse. Maybe it’s window dressing to end August but maybe it’s real. […]
U.S. Stocks: Does The Recent Pullback Have More To Go?

U.S. Stocks: Does The Recent Pullback Have More To Go?

Stock markets warning signs to keep your eye on. Video Length: 00:04:54
Gold Pops, S&P Stops, And Bonds Have Best Month Since Brexit

Gold Pops, S&P Stops, And Bonds Have Best Month Since Brexit

One look at the last few days in stocks and all we can say is… Video length: 00:00:06 Gold and The Long Bond were the best performers in August with stocks and the dollar unchanged-ish. Trannies were best among the major indices in August followed by Nasdaq. Small Caps lagged. S&P just managed to close green […]
SPX: Morphology 101

SPX: Morphology 101

Below is a daily chart for the SPX which shows you a good example of a morphing rising wedge. As you can see there was a false breakout above the top rail and then an equal false breakout below the bottom rail, symmetry false breakouts, red circles. When that occurs we need to adjust the […]
Credit Manager’s Index Is Up

Credit Manager’s Index Is Up

The NACM (National Association of Credit Managers) CMI (Credit Manager’s Index) was up +0.5pts to 55.1 in August, putting it solidly in the expansion/positive zone, with a slight upward trend, and largely mirroring the trends seen in the ISM PMIs. Basically, credit managers are saying that credit conditions are for the most part favorable at this point.   One […]
Ambarella Inc. FQ2 2018 Earnings Send Shares Higher After Hours

Ambarella Inc. FQ2 2018 Earnings Send Shares Higher After Hours

Ambarella (AMBA) FQ2 2018 earnings were released after closing bell tonight. The company posted non-GAAP earnings of 48 cents per share on $71.6 million in sales, while Wall Street had been expecting to see adjusted earnings of 44 cents per share on $71 million in revenue. Ambarella management guided for revenue to come in between $69 million […]
Trickle-Down, With The Emphasis On “Trickle”

Trickle-Down, With The Emphasis On “Trickle”

Since the turn of the Millennium, a torrent of corporate tax cuts has resulted in a trickle of investment growth. This morning Dean Baker objects to: the argument … that reducing corporate taxes will lead to more investment and thereby greater wage growth in the future. The data from the last seventy years show there is […]
EUR/USD – Can It Recapture 1.2000?

EUR/USD – Can It Recapture 1.2000?

  After 48 hours of correction, the euro ended the day on the highs once again as it recaptured the 1.1900 level. Not even jawboning by the ECB could keep the single currency down for long. Yet the strength today wasn’t really a function of euro buyers, but dollar sellers as the market went once […]
4 Solar Stocks With Strong Growth Potential

4 Solar Stocks With Strong Growth Potential

The U.S. renewable energy industry has been experiencing solid growth over the last several years. In fact, reports suggest that U.S. renewable energy capacity has grown threefold since 2008, reaching a record 141 gigawatts at the end of 2016, according to the Business Council for Sustainable Energy. Zeroing in on the solar energy space under […]