Trump’s Syrian bombing wakes quiet markets

The Trump Administration’s launch of 59 Tomahawk missiles into Syria Thursday night, sent shivers through the energy markets. The strike on an airfield believed to be housing sarin gas was the first deliberate attack on Syria was in respond to the killing of 70 people with the gas allegedly done by Syrian President Bashar al-Assad […]

Equities see “known unknowns” as bullish

Let’s say it is safe to say that the level of animosity in Washington will lead to divided government for the foreseeable future, despite the Republicans holding a sliver of power within Congress. That premise can only be good for equities as investors see gridlock as a means to remain with the status quo. Markets […]

Order now and we’ll throw in some IPO shares

“It dices, it slices.” It could be a sign of the top of the stock market. Ronco Brands, the infamous late night infomercial gadget maker once led by founder Ron Popeil who peddled the Veg-O-Matic and the Pocket Fisherman on TV, has filed to go public. The Austin, Texas is seeking to raise $30 million […]

Stocks soar despite anemic GDP

As the first quarter ends Friday we see that while sentiment has exploded, economic growth is muted. On Thursday the feds released the third revision (not the final revision since it will be changed again and again) of GDP for the final quarter of 2016 and the year. The latest revision of Q4 showed growth […]

Brexit means entering the bond market

The equity market churn with a volatility that’s almost nonexistent is creating huge moves in the bond pits. As stocks move in a range for the last week or so and the VIX moving toward single digits, the 10-year note is trading at 2.3%. This is about where it was right after the election when […]

Trump’s spring will provide no breaks after ObamaCare fiasco

After Friday’s fiasco on the ObamaCare vote I believe we will see the beginning of the Trump dump. This may take equity markets down as much as 20% from the post-election highs as a “Do-Nothing” Congress stymies the White House at any move. Congress will want tax cuts, but not this year. They want those […]

Markets running a fever (chart) over health care vote

The health care debate will rule the news cycle today as well as equity markets. The repeal of ObamaCare has become a proxy for the Trump Administration’s ability to get other meaningful measures accomplished this year including tax cuts across the board. Look for another sell off Like Thursday’s close in stocks should the Trump […]