Treasury Opts Against Labeling China A Currency Manipulator Trump Opens New Front in His Battle With China: International Shipping Are Jumpy U.S. Equities Hiding a Nasty Surprise? Trump Attacks the Weak Link Powell Can’t Ignore in Fed Rate Plan Invesco…
Fed Minutes Show Hawkish Plan
This afternoon, the Federal Reserve released the minutes of its last meeting. These minutes always take a bit of deciphering to figure exactly what’s going on. The Fed appears to be a firm path to continue to raise interest rates.…
Buy American. I Am. Ten Years Later
Ten years ago yesterday, the New York Times ran an op-ed “Buy American. I Am.” by Warren Buffett. Buffett said that he’s been buying American stocks in his personal account (not Berkshire). A simple rule dictates my buying: Be fearful…
Animal Spirits Episode 51: The Healthy Correction
On this week’s Animal Spirits with Michael & Ben we discuss: The recent market turbulence. Maybe 401ks won’t provide a floor under the market. The problem with 401k loans. The rise and fall of Sears. How Buffett predicted Eddie Lampert’s…
Morning News: October 17, 2018
Don’t Mention the Oil Price – U.S. Legal Threat Prompts Change at OPEC No, Trump’s Tax Cut Isn’t Paying for Itself (At Least Not Yet) Trump Economy Needs California, Which Scorns Trump Economics Trump Says The Federal Reserve Is the…
Another Close Above the 200-DMA
Thanks to a strong rally today, the S&P 500 closed above its 200-day moving average. On Thursday, we closed below the 200-DMA but rallied above on Friday. We repeated that this week, closing below the 200-DMA yesterday and above today.…
H&R Block Review | Is H&R Block Your Best Bet For Taxes?
Ask 10 random people to name a tax service and I bet you’ll hear the name H&R Block six or seven times. And for good reason: The company has about 10,000 offices located along well-traveled retail strips across the country.…
Acorns App Review | Micro-Investing Made Easy
When investing app Acorns was conceived in 2012, it was lauded as a smart way to invest your spare change. “Anyone can grow wealth,” Acorns asserts on its website. And due to the way the mobile app operates, it really…
Rocket Mortgage Review: Rocket Fast Mortgages by Quicken Loans
Successful products normally get easier to use as time passes. The first cars, for example, broke down so often only a mechanic was qualified to drive. At first, only a computer scientist could operate a computer. Now we use them…
The Worst Kind of Bear Market
On a recent episode of his show, Behind the Markets, WisdomTree’s Jeremy Schwartz made a comment about a stat from one of Jeremy Seigel’s books. He discussed how in real terms, bonds in the U.S. have actually experienced a much…