On the the next radio program: "Is Trump America’s Last Chance for a 1776 Revival?" Richard Maybury, Michael Oliver and Patrick J. Cruickshank are guests.
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The 7 Deadly Sins of Finance

Peter Grandich and Michael Oliver return as guests for the radio program. With early success as a stock broker, Peter was known as "The Wall St. Whiz Kid." But despite money and fame, Peter was very unhappy. Not only was he unhappy, he was clinically depressed and thought of taking his life. Thankfully, through his Christian faith, Peter found a ... [Read More]

The Big Question for 2016: Commodity Inflation or Credit Market Deflation?

As you can see from my IDW on the left, this measure of credit expansion and credit contraction is for the moment at least in the expansion or inflation mode. After moving over the three-year moving average it fell back to test it. It passed the test ... [Read More]

Too Many Alligators to Drain the Swamp?

On this week's radio program David Stockman, Chen Lin and Quinton Hennigh return. The stock market makes new highs as investors buy the notion that fiscal stimulus and tax cuts under Trump can return America to prosperity and rejuvenate the ... [Read More]

BlackRock: The Reflationary Cycle Is Only Just Beginning

From BlackRock: The recent jump in global bond yields represents a reflationary reawakening just a year after deflation and recession fears were dominant. Jean explains why this U.S.-led reflationary phase has further to run. The recent jump in ... [Read More]

What’s Next For Equal Weight ETFs?

From 1: Equal weight ETFs, such as the Guggenheim S&P 500 Equal Weight ETF (RSP) and the PowerShares Russell 1000 Equal Weight ETF (EQAL), have gotten a lot of attention lately thanks to their performance relative to the broader ... [Read More]

The DEA: A Good Place to Cut the Federal Budget

A A Tags Home | Feed | Blog.rssLegal SystemU.S. HistoryThe DEA: A Good Place to Cut the Federal BudgetPolitical Theory 0 Views The US government’s efforts against illicit drugs have finally run their course. With over one trillion ... [Read More]

The Bank of England and the ECB Have a Credibility Problem

A A Home | Feed | Blog.rssThe Bank of England and the ECB Have a Credibility Problem 0 Views Mainstream media are worried about 2017 shocks. So they should be. If you had gambled a pound (or euro) this time last year on a triple accumulator; ... [Read More]

The Dream Of A Bitcoin ETF May Never Come True

From Tyler Durden: When it comes to the future of bitcoin, the “holy grail” has emerged as becoming the first to have a bitcoin ETF approved by the SEC. Over three years ago, in 2013, the company of the Winklevoss twins, Cameron and ... [Read More]

This S&P 500 Chart Pattern Suggests A Big Pullback Is Brewing

From Corey Rosenbloom: A major part of technical analysis (charting) is identifying prior patterns – and their outcomes – and comparing them to what’s happening right now in the market. It’s not to say that history will repeat ... [Read More]

The Correlation Between Stocks And Bonds Is Creeping Back

From Eric Bush: On 11/4/16, the 65-day correlation between between the S&P 500 and US 10-year treasury yields was as negative as it had been at anytime since June 2007. The 65-day rolling correlation was -30% compared to a 73% correlation that ... [Read More]

Bristol-Myers Collapse Was Predicted By These Technical Patterns

From Corey Rosenbloom: If you’ve ever wondered why we chart momentum and volume along with price, BMY tells us why. On Friday, shares literally collapsed back to the lows, down from the prior swing highs. Wouldn’t it have been nice to ... [Read More]

The Gold Rush Of 2017 Has Begun

From Chris Vermeulen: One question that gold investors are asking now is, will 2017 be as spectacular for the yellow metal as it was in 2016? The short and sweet answer is yes. The dollar, gold and the major U.S. stock exchanges will all see new ... [Read More]

Bond Guru Says Now Is The Time To Buy Long-Term Bonds

From Tyler Durden: 74-year-old bond guru Lacy Hunt is among a rare breed in finance today: people who actually traded during a period when bonds continuously lost value. As a young bond manager coming of age during the Great Inflation and Richard ... [Read More]

Oil Was Flat Again This Week, With Catalysts For Growth Slim

From Evan Kelly: Oil was flat this week as rising U.S. shale production and a bearish inventory report continued to put pressure on WTI and Brent. Crude oil inventories rose by another 2.4 million barrels, gasoline stocks jumped by nearly 6 million ... [Read More]

It’s Time To Buy The Dip In Financial ETFs

From Zacks: The financial sector, which accounts for around one-fifth of the S&P 500 index, is now into the Q4 earnings reporting cycle. The trend has been favorable so far with three major banks crushing estimates on both lines while three ... [Read More]

Here’s Why Alphabet Inc Is Still The Real Driverless Car Leader

From Tony Daltorio: One of the big draws at the recent annual Consumer Electronics Show in Las Vegas was the automakers showing off their latest driverless car technologies. Behind all the hoopla, however, was one inescapable fact . . . Carlos Ghosn, ... [Read More]

Spanish Courts Don’t Have Any Respect for Freedom of Contract

Tags A A Home | Feed | Blog.rssLegal SystemSpanish Courts Don’t Have Any Respect for Freedom of Contract 0 Views The Spanish banking sector is getting used to judicial setbacks. Unfortunately, they’re not the sorts of setbacks ... [Read More]

Week in Review: January 21, 2017

Tags A A Free MarketsWar and Foreign PolicyHome | Feed | Blog.rssWeek in Review: January 21, 2017Political Theory 0 Views 22 min agoAmerica has a new president, but will the new boss be the same as the old boss? Already we’ve seen the ... [Read More]

IHE Posted The Biggest Loss Of All ETFs Today, Down 1%

The iShares Dow Jones US Pharmaceuticals Index Fund (IHE) underperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a -0.98% one-day return and trailing the wider markets by a ... [Read More]

This Tiny European ETF, Up 2.92%, Is Today’s Biggest ETF Gainer

The iShares Currency Hedged MSCI Europe Small-Cap ETF (HEUS) outperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a +2.92% one-day return and outperforming the wider markets by ... [Read More]

A Davos Parable

A fanciful parable, so it may not be your cup of tea, but I’ll let you decide: Cirrus clouds wavered overhead like a circus big top billowing in a summer breeze. Sunlight filtered through, making it a warm, hazy afternoon for the kaleidoscopic ... [Read More]

Inauguration Day!

* Currencies & metals are drifting . * Draghi attempts to diss euros . * Poloz succeeds in dissing loonie! * Accumulating debt by President. ******************************************** And now. Today's A Pfennig For Your Thoughts. Good ... [Read More]

Money Keeps Pouring Into The Largest, Top-Heavy Energy ETF

We have seen some nibbling this week in Energy Equities via XLE (SPDR Energy Select Sector, Expense Ratio 0.15%), as the fund has found some support above its 50 day MA but it is still well off of its mid-December intraday high of $78.04 (more than ... [Read More]