We hate to spoil the surprise, but the answer, as clearly shown by the first blue bar on the chart below, is Energy, and specifically the ridiculous valuation that energy companies are currently trading at. Why? Because as the following Factset chart shows, the forward P/E of the energy sector is currently 27x – an all time high – and […]
U.S. stocks rose Monday even with another negative surprise, this time in the Empire State survey, one of the first pieces of data on March activity. The Empire survey, at 6.9 in March, was the weakest since November 2013, and well below the reading of 8 expected by economists.For the year, the divergence between the U.S. and Europe has been […]
By John Lee.The continuing war against the Islamic State (IS, ISIS, ISIL), coupled with the decline in oil prices, have reportedly made Iraqi regulators and government more receptive to reforms that would strengthen the economy and the stock market, according to an article in UAE-based The National.Shwan Taha, head of Rabee Securities, has been pushing for reforms to the stock […]
http://www.wealthsteading.com/podcastepisodes/wsp_081_150201.mp3Podcast: Play in new window | DownloadSubscribe: iTunes | Episode 81: Extreme volatility has persisted throughout the first month of the year. Other than a few exceptions, I’ve decided to invest in the reciprocal of what’s ailing the US market- foreign nations that export to the US and consume oil.Subscribe to the Wealthsteading Podcast:via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058via STITCHER: http://www.stitcher.com/s?fid=53115&refid=stprHosted by John […]
Black swan avalanche continues on Wall Street as markets continue to walk back last Thursday’s outsized gains in stocks.WASHINGTON, January 26, 2015 – Traders have been confronting a volatile market environment since the 2015 New Year Baby sent 2014’s tired Old Year codger packing. Oil prices, a change in congressional leadership, continued left-wing belligerence from a no-hugging-no-learning White House, chaos […]
http://www.investablewealth.com/wealthsteading/podcastepisodes/wsp_067_150101.mp3Podcast: Play in new window | DownloadSubscribe: iTunes | Episode 67: The number one mistake in failing to build wealth is not saving enough. Number two is making poor investment decisions. The financial industry wants everyone to think they’re an investors…so that they can charge you fees. Most people shouldn’t be classified as investors…first you must EARN and then SAVE.Don’t […]
My afternoon train reads:
• The Best Thing for Active Managers? Passive Investors. — As institutions slash active mandates, managers on both sides of the active versus passive argument rejoice. (Chief Investment Officer)• The Reformed Broker talks markets and investing (Vanguard)• The State of Consumer Technology at the End of 2014 (Stratechery)• What Life in Cuba Was Like After Castro’s Revolution (New Republic)• D.H. Robertson […]
Markets finished a choppy session in the negative territory on Monday as yet another slide in oil prices dented investor sentiment. Moreover, mixed economic data on the domestic front weighed on the benchmarks. The Dow had gained more than 100 points in the initial session, but lost all the gains by the closing bell.For a look at the issues currently […]
Bianco said he expects the decline in oil to bite into corporate profits next year.”The combination of a strong dollar and a plunge in oil prices—these things are the hallmarks of a profit recession even if the economy is doing fine,” he said. “You can argue this pain is isolated to multinationals and the producers exposed to the industry. … […]
Podcast: Play in new window | DownloadEpisode 47: My news sources are very simple.– Firstly, I avoid visual media of any kind (ie no broadcast, cable or internet TV).– To find the truth, I triangulate between the New York Times & the Wall Street Journal.– Investor’s Business Daily is a good reference for current stock market trends.– The Financial Times, […]
