Earnings season kicked off last Friday with the bank results. The numbers were stellar, but the stock prices of those companies fell hard. Since then, the same thing has occurred to any number of companies. What is going on?
A Few Dollars More
Despite spending big money and all the marketing they can muster, the Republicans are still not able to convince most Americans that the tax cut benefits anyone but the rich and the corporations they own. Maybe, we are not as dumb as they think we are.
As of Friday morning, the S&P 500 Index has erased all the losses of 2018. That is despite threats of conflict with both Syria and Russia, a potential tariff trade war and concerns over America’s exploding tax-cut-fueled national debt.
After a grueling two-day inquisition before both houses of congress, Mark Zuckerberg, the founder of Facebook, has left the building. The question is how much did anyone really learn about the privacy issues of this social media behemoth?
This week, our fearless leader upped the ante on the tariff tiff with China. It went like this: Trump announced his list. China announced theirs. And at the end of the week, the president sees them one better. Aside from the volatility it is causing in the stock markets, not much besides headlines has been accomplished.
In today’s world, talk of tariffs is part of daily news headlines. Politicians use terms like “free” and “fair” almost interchangeably in discussing trade to justify their position for or against tariffs. Maybe it’s time to review the difference between the two concepts.
The Department of Labor’s fiduciary rule looks “iffy” at best, thanks to a March court ruling. The 5th Circuit Court of Appeals says the agency exceeded its authority in insisting that financial services firms act as fiduciaries when giving advice to most tax-deferred savings accounts. However, some financial advisors are ignoring the courts and are going the extra mile for their clients anyway. Over the last couple of years, I have written several columns on this issue. A “fiduciary” is someone who puts your best interests above his own and that of his company’s. It is a concept that the…
It has been a tough month for stocks and February wasn’t much better. Granted, it was a small price to pay for last year’s great gains, but, as in life, all good things must come to an end. Will April bring more of the same for us or can we hope for something better?
World markets declined again this week. Despite world condemnation, which included most of America’s economists and corporations, Donald Trump unilaterally forged ahead in implementing his own brand of protectionism. Investors fear the consequences.
We all know that Medicare is not free. Once we enroll in Part “B”, and “D”, we start paying monthly premiums. What many consumers fail to realize is that how much you pay depends upon how much you make.
Stocks rose and fell throughout the week as tariff fears spooked world markets. Steel and aluminum on the American side. Peanut butter and motorcycles from Europe. Who knows what China and the rest of Southeast Asia will throw into the teapot?
Last week’s spur of the moment announcement by President Trump that he plans to implement a 25% tariff on steel and 10% on aluminum imports sent the world into a tail-spin. This week, the world fired back and everyone from the Republican Party to the European Union is threatening dire consequences if the President follows through with his proposal.
Donald J. Trump ✔@realDonaldTrump When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy! 5:50 AM – Mar 2, 2018 Stocks declined this week. This is a typical and largely expected reaction that should see the averages re-test the lows suffered in early February. Investors should understand that this is no cause for alarm.
The markets are in a funk. Concern that Trump’s tax cut will be too much, too late, has investors riled up. But there may be a flip side to this argument that bears watching.
After years and years of historically low interest rates both here and abroad, stock investors are suddenly paying attention to the day-to-day movements of the world’s bond markets. They may be getting a little too obsessive for their own good. This week, the Ten-year Treasury note and the equity averages moved hand in hand. As the yield on the U.S. Treasury moved higher, stocks moved lower. As the yield fell, stocks gained ground. This change in behavior is causing a great deal of needless volatility but I believe it is all part of the “normalization” process. That is a…
If you were watching television this Thursday, you may have caught the launching of a low-orbit Spanish government-commissioned satellite launched from Vandenberg Air Force Base in California. The difference between today and 25 years ago is that it was a private company called Space X, rather than NASA, that made it happen. For old guys like me, space exploration was a big deal while growing up. Americans my age cheered and cried as the U.S. raced for space from the tragic death of the crew of Apollo One in 1967, to the first moon walk in 1969 (and no, I…