Vice Index Data: Downshifting One of the important aspects of the U.S. economy is that recent business cycles have been longer. But also shallower. I believe that the internet is playing a big role in this “lower-for-longer” phenomenon. Increased communication that is the essence of the internet has also meant: a) Pricing power reduction: Consider what is happening with retail store chain closings. They are casualties of the net: with a click of a button, mobile shoppers can find the lowest prices. And shippers can deliver the goods virtually overnight (if not sooner). b) Supplier expansion: More suppliers means more competition c) Con...
An eventful 24 hours after North Korea shot a missile over Japan. In tonight’s video let’s review the overall market and what to expect next. Also, a review of AMZN, FB, GOOGL, MSFT, and AAPL which are the big 5 stocks leading this market. Where these stocks go so does the rest of the market. Watch tonight’s video market update to find out the real danger in this market… Video length: 00:09:52...
“Surely, there is at this day a confederacy of evil, marshaling its hosts from all parts of the world, organizing itself, taking its measures, enclosing the church of Christ as in a net, and preparing the way for a general apostasy from it. Whether this very apostasy is to give birth to Antichrist, or whether he is still to be delayed, we cannot know; but at any rate this apostasy, and all its tokens, and instruments, are of the Evil One and savor of death. Far be it from any of us to be of those simple ones, who are taken in that snare which is circling around us! Far be it from us to be seduced with the fair promises in which Sa...
Even with the uncertainty of the Affordable Care Act’s (ACA) future, the Healthcare sector has been one of the top performing segments in 2017. Currently, there are two plans in motion with Republicans attempting one more time to repeal the act, and a second plan more geared at a bipartisan solution. Committee meetings are expected to start next month in attempts to find a middle ground between both political parties to fix several parts of the ACA. The hearings are supported by both Republican chairman of the Health, Education, Labor, and Pensions Committee member Senator Lamar Alexander of Tennessee, and the committee’s top Democrat Sen...
According to ship-tracking data compiled by Bloomberg, coupled with MarineTraffic real-time tracking, at least 25 tankers carrying almost 17 million barrels of imported crude oil are drifting near Texas and Louisiana ports, unable to offload because of closures from Tropical Storm Harvey. Source: coupled with MarineTraffic real-time tracking A Bloomberg further details, 20 Aframaxes, 3 VLCCs, 2 Suezmaxes are currently waiting off Texas ports of Corpus Christi, Freeport, Texas City, Houston and Galveston, as well as off Sabine Pass and Lake Charles, Louisiana. This is three more than the 22 ships that were “drifting” on August 2...
Today’s gap lower was a big test of the strength of the bull market. It appears to be obvious that the bulls passed the test by staging a very impressive rally from under many key support levels to closing well above them and even up on the day. Additionally the related markets that help measure the market sentiment also experience coincident reversals. For example, TLT, GLD and VXX gapped higher but sold off hard. Days like today are remarkable examples of how powerful the opening range trading tactics are, even if only applied at a very basic level. For example, if you had long positions that opened below stop levels, waiting for even the...
Since November of 2016 the stock market has hit record high after record high which has created an estimated 3 trillion of additional wealth for stock holders.If you own stocks or mutual funds your money should have done well and had nice gains. The next question is how much longer will it last? Will it come back down to where it was? If it comes back down might it even go down more? The answer to all of those is NOBODY KNOWS! People have been trying to time the stock market for generations and very few have been successful. Do you want to give your stock market gains back during the next downturn? Do you want to lose money when it goes back ...
Hurricane Harvey To Have A Major Economic Impact The flood in Houston is going to be catastrophic to the city’s economy. Houston is the 4th largest city in America, so this will show up in the August and September economic data. Don’t get fooled by the theory that this will create more demand, making it a net benefit for the economy. While new demand will come, it comes at the expense of people’s savings. Some businesses will never recover. It will take months and possibly years to rebuild the city. This could be a turning point for the entire American economy. I’m not saying a long recession is coming, but when you have a major city...