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
Market Summary Here is a further summary of what we see to be the likely effects of Trump’s victory. Banks and Financials Banks and financials will be helped. The Dodd-Frank Act will not be entirely wiped out, but it will be moderated. As written, it is a one-size-fits-all Read more
Market Summary Buy Volatility and Buy Gold If You Are a Long-Term Investor U.S. stocks are getting cheaper: is a short-term market bottom near? The key event this week was the strong rise of volatility and of gold after political surprises near the U.S. election: Wikileaks, FBI investigations, and tightening Read more
Market Summary The key to global stock markets is the U.S. dollar and U.S. interest rates. We have all seen U.S. interest rates rise, and that is potentially difficult for developed and emerging markets. Developed markets will be impacted as yield instruments become more competitive compared to stocks. Emerging markets Read more
Market Summary Pundits Are Wrong Again: Europe Continues to Grow post-Brexit Prior to the Brexit vote, many pundits were pushing the narrative that Brexit fears would create a big decline in business’ expansion plans. They believed that the fear of future economic decline would make businesses want to retrench. It Read more
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