The US Senate has voted with a sizable majority of 84-13 to confirm Jerome Powell as the next chairman of the Federal Reserve. Powell, who has held a position on the board of governors since 2012, will take over from his predecessor, Janet Yellen, in early February. In contrast to some more radical frontrunners for…
The US Senate has voted with a sizable majority of 84-13 to confirm Jerome Powell as the next chairman of the Federal Reserve. Powell, who has held a position on the board of governors since 2012, will take over from his predecessor, Janet Yellen, in early February. In contrast to some more radical frontrunners for…
The Wingsuit Test of 1912 Late last year press reports informed us that by October, the number of active accounts at US cryptocurrency exchange Coinbase* had exceeded the number of accounts at Charles Schwab, one of the oldest US discount brokers, by 1.1 million. The report was dated November 27, by which time the number…
Netflix, for all its wild movements over its existence, has followed a surprisingly steady ascending channel. The SlopeChart above contains the after-hours post-earnings surge (shown below). It’ll be interesting to see during tomorrow’s regular session if NFLX remains “contained” (to borrow a term from Mr. Bernanke years ago) or is so strong it breaks resistance.
Sugar is among one of the worst-performing commodities of the year. It declined more than -48% only from the year peak to its low while consumption is growing and production reaches historic records. When price declines it usually creates an opportunity for investors to profit in compliance with the primary rule of investing, buy the…
Unlike the vegan couple pictured above, the market chows down on a side of beef to keep up its iron levels. However, as extraordinary as these sixty-something’s running 26.2 miles a day for a year eating only raw, plant-based food is, it pales compared to the ongoing and relentless bull market. The big news-not that…
The government shutdown was quickly resolved and the major indices made new all time highs today. Many options traders are wondering how to create income from this type of market. Watch this video newsletter update to find out how to sell premium and create income in a low volatility market… Video length: 00:08:34
The Nasdaq joined the S&P at historic highs as it hit the 15% zone of historic price extremes (relative to its 200-day MA). The S&P went a step higher as it touched the 10% zone of historic highs; i.e. it trades at levels above 90% of historic price action dating back to 1950 – a…
Boy, the GOP really grabbed themselves a big ol’ handful of Democrat pussy on Monday, in what one can only assume is a testament to the notion that Donald Trump did in fact have at least one thing he could teach lawmakers. Basically, Democrats are going to go ahead and take Mitch McConnell’s word for it when…
Recent data releases confirm that global economic growth is not only improving, but is also highly synchronized across regions. Global real GDP is estimated to have increased 3.6% in 2017, and is projected to expand by 3.7% in 2018 and 3.6% in 2019. Along with the slightly improved global outlook manufacturing activity has been expanding,…
