Tailwinds Still Strong For U.S. Materials Industries Back in early 2016, when Donald Trump’s victory in a contentious Republican Party primary still looked unlikely, the global commodity complex reached the bottom of the decline that had begun in mid-2014. From that bottom, commodities rose unevenly through the rest of the Read more…
The Markets In 2017: Inflation, Stocks, Bonds, and Gold Despite headlines declaring that the post-election rally is running out of steam as we head towards Inauguration Day, we continue to be optimistic about the prospects for the U.S. stock market for over the next several months. Later in the Read more…
How China Could Boost Commodities In mid-2014, China’s foreign exchange reserves peaked at nearly $4 trillion. Since then they have been declining as China defends its targeted exchange rate against the U.S. dollar, and increasingly against a trade-weighted basket of its trading partners’ currencies. Reserves now stand at slightly more Read more…
Our 2017 Outlook Is Optimistic: A Short Summary The Rise of Nationalism Has Changed the World Last year, rising nationalism sparked many global events, and is now an established global trend. We saw it especially in Europe. The European Union’s governing powers in Brussels have long promoted internationalism Read more…
New Opportunities are Opening Up, and New Risks Are Ahead: How You Can Change, Adapt, and Profit Over the Christmas weekend, instead of enjoying time with family at home, our Senior Analyst found himself making a quick round-trip from Los Angeles up to California’s snowy far north and back again. Read more…
Market Summary Over the next few months, we believe, the U.S. economy will grow, and certain industries are poised for more rapid growth in the immediate future. We see no U.S. economic recession on the near horizon, and without a recession, it is hard to see the U.S. market having Read more…
For the U.S. Economy to Grow, Productivity Must Rise — But The Obama administration aimed to increase U.S. labor productivity; and the incoming Trump administration has the same goal. Although the goal is the same, their prescriptions are different. Here is our list of industries to own and to avoid. Read more…
The Market’s Turn: Financials In the wake of President-Elect Trump’s unexpected victory, two of the sectors we favor are financials and industrials, and we’ll briefly discuss why. First, financials. Financials have enjoyed a strong rally in the month since the election. As of this writing, the Dow Jones U.S. Financials Read more…
Trump Taps a Turn-Around King The Secretary of Commerce acts “as the voice of U.S. business within the President’s Cabinet.” Trump’s pick for the post, Wilbur Ross, tells us something about the President-elect’s psychology. Mr. Ross has bought and restructured steel, coal, telecom, and textile firms during a forty-year career Read more…
Source: Bloomberg The post-election rally has now taken all four major U.S. indices — the Dow Jones, the NASDAQ Composite, the S&P 500, and the Russell 2000 — to new highs. The strongest rally has been in the Russell 2000, which consists of Read more…
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