Threat Assessment: Perils Are Pointing To The Possibility Of Heartbreaking Losses

By | Current Affairs and ETFs, Energy ETFs, ETF Philosophy, ETF Strategy, Popular Posts, Real Estate ETFs, Special Sectors ETFs, Technology ETFs, US Markets and ETFs | No Comments

Stocks rocketed to all-time highs between October 1990 and March of 2000 to register the longest bull market ever (9 years, 5 months). No matter how ridiculous the price-per-stock share – no matter the mindlessness associated with owning U.S. tech stocks at 65 times trailing profits (rather than 15) – the popular view had been that the Internet’s “New Economy” had changed the rules of the game. Unfortunately, it hadn’t. The Nasdaq 100 ETF (QQQ) gave up 80% of its…

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Strong Jobs Report? Depends Upon Whom You Ask

By | Bond ETFs, Currency ETFs, Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Large Cap ETFs, Small Cap ETFs, US Markets and ETFs | No Comments

Bespoke Investment Group provides some of the best investment insight to individual and institutional investors alike. That said, their “tweet” this morning described Friday’s job report as a definitive sign of a tight labor market. The implication? Employment in America is firing on all cylinders. I beg to differ. Let’s begin with several key particulars. Media outlets reported that U-3 unemployment ticked higher from 4.6% to 4.7%. When the “headline” U-3 number goes down, most commentary focuses on a lower…

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Predictions: 3 Things That Will NOT Happen in 2017

By | Currency ETFs, Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Popular Posts, US Markets and ETFs | No Comments

Media personalities love to play the prediction game, particularly in January. Where will the S&P 500 wind up at year’s end? What will happen to interest rates? And after Mariah Carey’s infamous New Year’s Eve non-performance, which celebrity will have the next public meltdown? I enjoy the prognostication pastime as much as any individual. It helps to clarify what matters to me as an investor (as well as what doesn’t). In particular, no matter what happens to the world at…

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Debt Levels, Income Inequality and Why They Matter To The Stock Market

By | Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Large Cap ETFs, Special Sectors ETFs, US Markets and ETFs | No Comments

In recent commentary, I expressed an opinion that president-elect Trump faces numerous obstacles in stimulating the economy via tax cuts, regulatory reduction and infrastructure spending. The incoming administration is looking at an existing deficit of roughly $700 billion, tighter monetary conditions, higher borrowing costs in the near-term, highly leveraged households, highly leveraged corporations and $20 trillion in federal debt. In other words, Trump does not have the kind of favorable set-up that Reagan enjoyed in 1982. Nevertheless, I received a…

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What Lessons Will Dow 20,000 Teach You?

By | Bond ETFs, Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Special Sectors ETFs, Transportation ETFs, US Markets and ETFs | No Comments

TrimTabs, a premier research provider to the institutional investment community, recently identified three troublesome aspects of current bullishness in stocks. First, the dollar value of U.S. stock buyback announcements has registered a five-year low. That’s problematic because corporate acquisition of stock shares has been one of the primary drivers of price gains during the current bull run. Second, according to the chief executive officer at TrimTabs, David Santschi, the pace of insider buying dwindled to its slowest pace in five…

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Pro-Business Tax Cuts And Fiscal Stimulus Will Not ‘Trump’ Tighter Financial Conditions

By | Asia ETFs, Bond ETFs, Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Global ETFs, International ETFs, Large Cap ETFs, Popular Posts, Small Cap ETFs, US Markets and ETFs | No Comments

What is GDP per capita? It is the value of all goods and services produced in an economy divided by the number of people living in it. Why is it important? It is one of the premier ways to identify both the comfort level of a country’s citizens at a given moment in time as well as the well-being of citizens over time. At the present moment, people living in the United States have it pretty good. Not quite as…

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