06-JUNE 02-2021

SportsGood morning.
There are many important ideas and guidelines to bear in mind when investing.  As for strict rules, there really aren’t that many, as every market, sector, and situation is different, no matter how slight.
But if we had to come up with a Rule #1, it would be to expect the unexpected.  Right now, markets have spent a few weeks fretting over inflation.  That may continue depending on what macroeconomic data comes out in June.  But it’s also clear from the market’s more sideways rather than down move over the past few weeks that the unexpected thing for markets to do – head even higher – may be something to expect.

Now here’s the rest of the news:

Inflation Is a Dangerous Way to Get Rid of Debt Burdens –Richard M. Ebeling,AIER
It has long been understood that price inflation is a form of tax.  Price inflation affects everyone, and it is far more arbitrary and painful in its effects on individuals… [Read Here]

June 02, 2020

CovidGood morning.
There are so many reasons to want to throw shade on the rally in the market.  Economic data, a pandemic, riots and looting, companies selling significant shares of their own stock and on down the line.  If you add all of them up, do you come up with $3 trillion.  That’s the amount the Fed’s balance sheet has expanded since last September.

Now here’s the rest of the news:

It’s The End of the World (and Investors Feel Fine)
The news headlines are horrific but investors seem unflappable.  It brings to my mind the title of this classic R.E.M. song: It’s The End Of The World As We Know It (And I Feel Fine).
American cities are ablaze with violent protests, a deadly pandemic bedevils the world and the Presi-dent ot the United States was sequestered yesterday in an underground White House bunker to pro-tect him from rioters.
Wall Street’s response to this dystopian tableau?  A collective shrug.
The three main U.S. stock market indices all closed in the green yesterday, with the Dow Jones Indus-trial Average up by almost 100 points.  As of this writing Tuesday morning, the three indices are poised to open higher.
The disconnect between stocks and political-economic realities is striking.  Let’s look at the latest data for clues.  Perhaps a day of reckoning awaits, or maybe the optimism is justified…

June 02, 2019

Thought I would share my ride across town this morning when I woke to a flat tire on my “Caddy”.

All is well, AMA were called to change the tire on the Caddy… 🙂

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Come From Aways, Do You?

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06-JUNE 19-2021

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06-JUNE 18-2021

Good morning. The biggest bombshell from the latest Fed meeting was the acknowledgement that inflation was coming in far higher than expected.  While the Fed continues its policy of trying to talk the market into always going up, some see a tapering of its asset purchases sooner rather than later. While that doesn’t mean higher interest rates right away, what it does mean is a big slowdown in money creation and addition to the central bank’s balance sheet.  That’s likely why both bond yields and gold prices have been dropping.  While tapering might spook the market, the prospect of lower

06-JUNE 17-2021

Good morning. Yesterday’s Federal Reserve meeting minutes kept interest rates at 0 percent, as expected.  And the Fed isn’t ready to taper its asset purchases (money printing) anytime soon.  But in trying to please everyone, the central bank sometimes ends up pleasing no one. The central bank made a big revision in its inflation estimates, from 2.4 percent to 3.4 percent.  While calling higher inflation “transitory,” the market isn’t so sure.  And, after the March meeting indicated no potential for an interest rate hike until 2024, there’s now an increasing possibility of a rate hike in 2023. The only real

06-JUNE 16-2021

Good morning. Michael Burry is a fund manager best known for going against the housing market in the runup to the meltdown.  Today, Burry sees inflation as the biggest threat to the economy.  And with prior stimulus measures boosting the price of everything from stocks to housing, the biggest threat is a nudge into hyperinflation.  Burry sees that happening this year.  Burry also sees the stock market as not only the greatest market bubble of all time, but the biggest by at least “two orders of magnitude.”  As investors adjust their return expectations for inflation, that bubble may burst. Time

06-JUNE 15-2021

Good morning. Most financial news is predicated around the idea that markets are either going up or down.  But sometimes, like now, indices are largely trading sideways.  When that happens, traders will start to look for clues as to what happens when the sideways trend ends. For most market conditions, a sideways trend can last anywhere from 6-12 months in part of a broader bull market.  That looks like the case here, given that most indices are still near all-time highs.  But it’s a time to find companies that have been hit the hardest and look set for the biggest

06-JUNE 14-2021

Good morning. There’s an old Wall Street saying that the cure for high prices is… high prices.  That’s because when prices are high, competition comes into play and customers seek substitutes.  Recent inflation data showing a jump in home and car prices (both new and used), is also leading to potential buyers to hold off on making a purchase. That could reduce demand enough to keep prices from heading higher in those areas.  A slowdown in governmental assistance to the economy in the form of stimulus checks and high spending may also help nip this rising inflation in the bud. 

06-JUNE 13-2021

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