Record Highs in the Markets This is the last day of the third quarter; S&P 500 and NASDAQ ended at record highs. I am not sure what made the Dow miss an all-time record – it was close but no cigar. Other broader measures did hit record highs to close out the quarter, in fact, […]
Podcast: Download
Stock Indexes End Q3 at Record Highs – Ep. 288 Read More »
Estate Tax is Out Today President Trump announced some of the details of his highly-anticipated tax reform, which is really not tax reform, it’s more of a tax cut masquerading as a reform. I would say the best part about it is the elimination of the estate tax. That, in and of itself is a
Podcast: Download
Pros and Cons of the Trump Tax Plan – Ep. 287 Read More »
Yellen Putting On an Optimistic Front Everybody is watching Janet Yellen this week; the Federal Reserve met and did not raise interest rates – no one expected them to raise interest rates. But Yellen did offer a more optimistic assessment on the economy than most people were expecting. In fact, she shrugged off all these
Podcast: Download
Did Yellen Push the Envelope Too Far? – Ep. 286 Read More »
Market Anticipates Quantitative Tightening The market continues to rise; people are excited about the Fed meeting that start tomorrow and concludes on Wednesday. Nobody expects a rate hike and there’s not going to be a rate hike, but what everybody is looking forward to is the Fed outlining its strategy for quantitative tightening. Shrinking the
Podcast: Download
Fed Minutes More Show Than Substance – Ep. 285 Read More »
President Trump Courts Dems on Tax Reform I think the catalyst for the rise in the stock market today is enthusiasm over President Trump’s announcement that he is working with the Democrats and is close to a deal on tax cuts. So that if he can’t get something done with the Republicans, he will get
Podcast: Download
Tax Deal With Dems Won’t Stimulate Growth – Ep. 284 Read More »
A Huge Risk-On Day The markets rallied all over the world. Everything was up. All the foreign markets – European markets, Asian markets, rallied. It was a huge risk-on day. Stocks went up and bonds got clobbered. Yields rose on government bonds, the 10-yr. out to the 30-yr. Insurance Rates Going Up There will be
Podcast: Download
Risk On Includes U.S. Dollar – Ep. 283 Read More »
Trump said Government was Too Stupid When Donald Trump was originally elected President, I was out there warning, that budget deficits under the Trump Presidency are going to be huge. Donald Trump never ran as a fiscal conservative or a Libertarian. He didn’t say government was too big, he just said it was too stupid.
Podcast: Download
Blowing the Roof Off the Debt Ceiling Read More »
The commentary below is from Peter Schiff, CEO of Euro Pacific Capital and author of the The Real Crash: America’s Coming Bankruptcy. Please feel free to excerpt what you like with proper attribution. To speak with Peter, please contact Andrew Schiff at 203-662-9700 ex. 135 or aschiff@europac.net. By: Peter Schiff, President and CEO Euro Pacific Capital Of
Blowing Off The Roof Read More »
Threats from Hurricane Irma and North Korea After a long holiday weekend the DJIA fell 234 points this Tuesday. Finally we have some kind of negative reaction in the stock market to the bad news. Over the weekend we got news that North Korea had successfully tested a hydrogen bomb, and now we know that
Podcast: Download
Hurricanes Rain On Market’s Parade – Ep. 282 Read More »
Nonfarm Payroll Report Fails to Impress Today is the first Day of September; and since it is the first day of a new month, and it is a Friday, we got the nonfarm payroll report. The consensus forecast was about 180,000 jobs. The number came in at 156,000, well below the consensus. To make it
Podcast: Download
Weak Jobs Report Doesn’t Rain on Market Parade – Ep. 281 Read More »
