The tax bill has passed and has been signed into law, the dust is settling. Accountants and tax lawyers report that it will be moderately beneficial for most individual income tax payers. Ambitious reformers had hoped the tax code would be so simplified that most filers could use a post-card, Read more…
Market Summary The U.S. Economy – The Tax Bill good for U.S. Economy and Good for U.S. Stock Market Readers know that we are bullish on the U.S. economic outlook. The passage of the tax bill will create further impetus for economic growth in the U.S. We will not be Read more…
The U.S. Economy: Good Performance On Many Fronts U.S. employment data from the Labor department corroborates the evidence that non-farm payrolls rose for the 86th straight month in November, with 228,000 new jobs created. Because of the steady hiring, the unemployment rate has been at 4.1% for two months, holding Read more…
For Investors, Corporate Taxes Are the Most Important Part of the Tax Bill The administration is close to notching its first major policy success with the passage of a sprawling tax cut. We will wait until the legislation is finalized before commenting on its consequences in detail. However, for many Read more…
The skeptics and haters of the current bull market have spent the last eight years finding reasons and justifications for their skepticism. One of the favorite reasons for pessimism has been China. Sometimes China has been a geopolitical boogeyman, with journalists fretting about China’s rise on the world stage and Read more…
Market Summary U.S. Markets, Japan, and Europe U.S. markets continue ahead, logging one of their longest-ever periods without a 5% correction. We do not know what the catalyst for such a correction will be, and neither does anyone else, but there are plenty of potential culprits that everyone continues to Read more…
Productivity Growth Will Push Stocks Higher After a long slump, productivity growth is accelerating again — and the reasons for the acceleration further reinforce our view that we are in a late, bullish phase of the economic and market cycle, with more upside to come for stocks. As we have Read more…
Big Tech’s Regulatory Reckoning Coming Soon? Probably Not 2017 has been a year for the big, dominant U.S. technology companies: the advertising duopoly of Alphabet [NASDAQ: GOOG] and Facebook [NASDAQ: FB]; the e-commerce juggernaut of Amazon [NASDAQ: AMZN]; and the most valuable consumer products brand on the planet, Apple [NASDAQ: Read more…
Chinese As A “Leading Global Power” by 2050 — And How China’s Tech Giants Feature In That Equation With Chinese internet stocks “as hot as the sun” according to one commentator, companies such as Alibaba [NYSE: BABA], Baidu [NASDAQ: BIDU], Tencent [Hong Kong: 700], JD.com [NASDAQ: JD], and TAL Education Read more…
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