Over the past year, I have written about treasury yields on several occasions. The most recent commentary was back in March when one segment of the yield curve did invert, but it wasn’t the segment that most economists watch for a recession warning sign. There was also an article back in October where I expressed my concern about the […] Read more
I remember coming out of college with a degree in economics, working a few years, and then obtaining an MBA in finance. With that said, I was unable to create a personal budget and quickly went into big-time debt as a result of student loans, credit cards, renting an apartment in the city, etc. I […] Read more
Like many of you, I have signed a non-compete clause as an employee, which, otherwise I would have not been hired. There is always a little sinking feeling in your gut when you do so. It’s like you have signed away your rights, which you have to an extent, to make a living, or create […] Read more
The retail sector is in the spotlight this week with numerous earnings reports being released. We have already heard from the likes of Kohl’s (NYSE: KSS), JC Penney (NYSE: JCP), and Home Depot (NYSE: HD). There are more still to come, but the sector has been struggling to find its footing over the last few months. The retail sales […] Read more
Throughout 2018, the housing market in the U.S. was in a downward trend in terms of housing starts and new home sales. Those two industry measures go hand in hand, and both trended lower in 2018 as the Federal Reserve was in a rate-hiking cycle. The housing industry is very sensitive to interest rates. The […] Read more
There is always a price to pay for security in a democracy, albeit through the blood and tears of battle, or now perhaps in protecting our economic interests. China’s Belt and Road Initiative (BRI) is little more than a disguise to present itself as opening up to the West. The desperate countries of Europe will […] Read more
After hitting a new all-time high on May 3, the S&P 500 and most of the rest of the market have been hit with tremendous selling pressure. As another round of negotiations was scheduled to take place last Thursday and Friday, President Trump tweeted his intentions to implement new tariffs on Chinese goods. This caught […] Read more
As a fellow surf, Stalin would be envious of the growing class divide in modern Russia. After all, the dream of the withering away of the state into a classless society kept him up at nights. The fact that Russia alone has over 100 billionaires, and yet one-third of the country cannot afford two pairs […] Read more
As of May 3, approximately 78% of the stocks in the S&P 500 had reported earnings results for the current earnings season. With all things considered, the quarter has been better than expected. According to a recent report from FactSet, 76% of those companies that have reported so far have beaten the EPS estimates. That […] Read more
Don’t worry if you didn’t read Michael Lewis’s book, The Big Short, or even if you missed the cinematic version, you will get a chance to experience it again in another form. As I’ve I said many times before, history repeats itself, and you are doomed if you don’t know history. While on the subject, let’s […] Read more
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