#aid/relief/stimulus #Biden #financial #markets $CU $CAT $DE $OIL Investors have been ‘jolted‘ into overhauling their portfolios in anticipation of the promised Biden aid/relief/stimulus $1.9-T plan. Prices of commodities used in infrastructure projects, like copper, and shares in machinery manufacturers such as John Deere (NYSE:DE) and Caterpillar (NYSE:CAT) have advanced. Global crude oil (OIL) prices tapped $55bbl […]
#Yellen #spend $DIA $SPY $QQQ $RUTX $VXX ‘Schoolmarm’ Janet Yellen, Mr. Biden’s nominee for Treasury Secretary, urged lawmakers Tuesday to “act big” on the next virus aid/relief/stimulus package, saying that the benefits outweigh the costs of a higher federal debt burden. Ms. Yellen said she wants to help Americans endure the final months of the […]
#inflation #taxes #Democrat #Biden #economy $XAU $GLD $XAG $SLV $USD Joe Biden’s 1st 100 days will set the tone for what that the administration wants to accomplish. The new administration’s economic agenda has priorities that may well differ from yours and mine That is not all… The New Republic points out, a newly elected 50-50 Senate “dramatically […]
#PresidentTrump #ChairmanPowell #Fed #playbook #market #liquidity #coronavirus #chaos $DIA $SPY $QQQ $RUTX The Fed’s response to the coronavirus chaos began on 28 February with a short statement of faith in the economy from Chairman Powell to calm diving financial markets. Within a few wks its actions with those of the White House and Treasury cast […]
#EmergingMarkets #Capital #inflow #QE $BLK In this world of ultra-low interest rates, the pull of emerging markets is huge, and capital inflows have rebounded in recent months, hitting record highs in November. The world’s biggest asset manager BlackRock (NYSE:BLK) predicts healthy gains in Y 2021 for the sector. QE (Quantitative easing), until recently a Key […]
#Americans #household #wealth #RealEstate #cash #Fed #PresidentTrump $DIA $SPY $QQQ $RUTX $VVX The wealth of US households marked $123.5-T in September as rising stock market and home values and an accumulating of cash defied expectations of a virus-related crash in household finances, according to new data from the Fed Thursday. The Fed’s latest report on US […]
#money #credit #debt #asset #value #stock #market #wealth Money management guru Ray Dalio stressed the importance of asset diversification Tuesday saying the “flood of money and credit” was unlikely to recede. “Assets will not decline when measured in the depreciating value of money,” he said. And “I believe that with the enormous amount of debt […]
#economy #debt #deficit #GDP #government #spending $DIA $SPY $QQQ $RUTX #VXX The economists who are advising Presidential candidate Joe Biden recently met virtually at the Brookings Institute to discuss the impact of annual government budget deficits and the total public debt. They concluded that in the short term, the deficit and the debt really do not […]
#consumer #debt #houdeholds #Fed #virus US household debt rose in Q-2 due to an increase in mortgage balances as consumers took advantage of record low interest rates to buy homes and refinance loans, according to a survey released by the New York Federal Reserve Tuesday. The Big Q: Is there enough borrowing capacity in consumer […]
#gold #silver #coins #bullion #dollar #asset #safehaven #metals #investors #risk $XAU $XAG $GLD $SLV $USD $SPY “I believe investors can still find real safe-haven risk asset protection in the time-tested precious metals asset sector“– Paul Ebeling The US stock market is seeing the longest Bull run in history, and savvy money managers and investors are […]
#consumer #stimulus #retail #spending #Fed #PresidentTrump $DIA $SPY $QQQ $RUTX $VXX “Surprise, consumers saved 36% of their stimulus checks and kept on spending.” –Paul Ebeling As emergency aid/relief/stimulus programs for American consumers expired The People kept spending. Friday’s September retail sales report confirmed it. The government data told us that consumers put much of their stimulus money away and have recently […]
#trade #deficit #dollars #Covid #gold $USD $XAU $GLD “The Trump Trade Deficit Increases Even as Trade Flows Show COVID-19 Effect, Dropping 15% in 1-H of Y 2020 Compared to Same Frame in Y 2019” –Paul Ebeling The trade deficit widened to $67.1-B in August (consensus -$66.2-B) from an revised $63.4-B in July. The widening deficit is […]
#PresidentTrump #economy “The US economy made a dramatic comeback after many years of unemployment and war.” — Paul Ebeling President Trump’s promised rollback of the tax and regulatory schemes implemented from Y 1993 until he was elected, he did triggering the best US economy in 50+ yrs Below are 10 facts since President Trump was […]
#global #growth #exports #dollar $USD $EUR $GBP $USO $XAU $GLD The USD is struggling, and the market is betting the Buck has more room to fall. The trade-weighted USD has fallen 7% from its March highs, and we expect it fall at least 15% from the highs. That will give a shot in the arm […]
#USD #Gold #investors #debt #Fed $XAU $GLD $USD $DXY The reason USD became the world’s reserve currency is that America has had the largest, strongest steadily growing and conservatively financed economy and a stable political system anchored in the US Constitution. Yet for USD to continue to be valued, the world has to believe in it. […]
#Fed #lending #MainStreet #aid #relief #money A bipartisan Congressional panel overseeing the implementation of some coronavirus aid/relief programs urged the Fed and US Treasury to take more risk with taxpayer dollars and increase outreach efforts to deliver more aid/relief to small and medium-sized businesses struggling because of the C-19 chaos. The panel’s recommendations Keyed around […]
#dollar #gold $USD $DXY $XAU $GLD $DIA $SPY $QQQ $RUTX $VXX $GS Savvy participants are going “all-in” on gold, Goldman Sachs is going “all-in” on gold, that is happening by the currant Southside pressure on the Buck. With more Southside expected in US real interest rates we here at HeffX-LTN are reiterating our Long gold […]
#gold #miners #precious #metals #gold #silver # investors #pattern #coronavirus #bullish $HUI $GDX $RING $SGDM $GDXJ The rising prices of precious metals since March have boosted the mining sector and now we are seeing sharp Northside ticks across many Key mining funds. Here we look at some of them to get an idea of the […]
$DIA $SPY $QQQ $RUTX $VXX #Paul Ebeling #Wall Street #recovery #cash #technicals #patterns #Fed #Bulls Last Week’s Action The indexes are in consolidation mode, and the leaders are leading pulling back and testing their moves, the trend is up and the Bulls are still in charge. Financials received bids ahead of the release of the […]
$DIA $SPY $QQQ $RUTX $VXX Last Week’s Action Stock indexes are consolidating, the economic data impresses, as headlines focus on new China Virus cases in the wake of massive new testing. Last Friday was Quad Witching expiration, and we saw leaders continue to lead. Perhaps other sectors will now start to contribute to the uptrend. […]
$.DXY $USO $GLD $XAU A Key measure of USD is the ICE US Dollar Index .DXY, -0.12%, and it has been weakening over the past 30 days, down 3.9%, but is up a bit YTD, rising 0.1%, according to FactSet data. The index measures USD Vs a basket of 6 peer currencies, including the EURUSD, +0.03%, the GBPUSD, 0.29% and USDJPY, +0.06%. A weaker USD has […]
US consumer borrowing dove in April as households concernes about the disruptions caused by the C-19 coronavirus chaos prudently cut back on their spending and use of credit. Cnonumer spending accounts for about 72% of the nation’s GDP The Federal Reserve reported Friday that total borrowing fell by $68.8-B, or 19.6%. That was the biggest 1-month decliner […]
$PCG $BAC $JPM Northern California’s utility giant PG&E Corp. (NYSE:PCG) is readying an $11-B debt-financing package for investors as soon as next week as the company prepares to exit Chapter 11 bankruptcy reorg. The financing includes $4-B of high-yield bonds and a $750-M term loan led by JPMorgan Chase & Co. (NYSE:JPM). The remaining package […]
Here we assess whether this is a sustainable form of monetary policy for central banks in some countries at risk of a deflationary depression. A negative interest rate policy happens when a country’s central bank lowers the nominal monetary policy interest rate below Zero. In other words, commercial banks must pay to lodge some of […]
$NEM Newmont Corp. (NYSE:NEM): Deutsche Bank reiterated its Buy rating and raised its price target to 70 from 54. NEM has seen its shares surge since merging Newmont and Goldcorp to create the world’s Top gold-mining stock. With a market cap of $50-B, the company is loving the price of gold at near 10 yr […]
$AMC $CNK $RDI AMC Theatres (NYSE:AMC) says it will reopen its 630+ US theaters until there is new Hollywood product about to roll out. The 1st Summer studio film currently on the calendar is Christopher Nolan’s Tenet on 17 July, followed by Mulan a wk later on 24 July. The company’s comment comes several days after the National Association […]
$EUR $USD The EUR fell to its lowest in a month Thursday after data showed economic activity in the Eurozone virtually halted by government-imposed lockdowns to stop the coronavirus chaos. The EUR was last at $1.07795, with investors awaiting the result of a meeting of EU leaders on the bloc’s response to the economic turmoil […]
$OIL The Big A: Relying on China for economic development was never a good idea, but it turned out to be more dangerous than we thought. Italy and Iran are 2 of the countries hardest hit by The Wuhan Virus, outside of China. Helen Raleigh explains why at The Federalist: The reason these 2 countries are […]
$USD There are better assets to hold than cash as central banks print money and keep interest rates low in response to the coronavirus pandemic. “Please remember that while it does not move around in value as much as other assets, there is a costly negative return to it,” said investment manager Ray Dalio. “So, […]
$VXX $USD $GBP $EUR $XAU $GLD Keeping tabs on the overall market correlation across assets on the risk or safe haven side was my focus at the weekend. Even though things eased last week with over $5-T in sidelined cash coming back in just 4 days, circumstances might see it snap back into the Bear’s […]
$ICE $USD $BAC $WFC This week Fed Chairman Powell set out to offer a explanation for the complicated steps he is taking to relieve dire stresses in the global financial system. “Many places in the capital markets, which support borrowing by households and businesses. I am talking about mortgages and car loans and things like […]
$USD $.DXY The Buck posted its biggest weekly decliner in more than 10 yrs Friday, as trillions of dollars worth of aid/stimulus efforts by governments and central banks helped temper a rout in global markets driven by the coronavirus pandemic. The USD surged in March as tumbling stock and debt markets caused a scramble for […]
The Democrats’ are proposing the same student loan forgiveness pitch failed Presidential candidate Elizabeth Warren made on the campaign trail. College student loan forgiveness is a ‘bad idea’ because the prevailing attitudes among dead beat students and many of their parents that since the government is owed the money, there will be a way out […]
$XAU $GLD By Mark J. Lundeen The Dow Jones is hugging its BEV Zero (0.00%) line in its BEV chart below, making a new all-time high on Wednesday, then closing the week a half point from this mid-week high. I expect more of the same for as far as the eye can see. And how […]
$GLD $IAU $XAU Gold ETFs are the go-to choice to easily and quickly gain exposure to the precious Yellow metal. According to DataTrek research, ETF investors have been a Key driver of the 18.4% full-year gainer in gold prices, even as global demand for the precious Yellow metal dipped 1%. The data suggested that the […]
$XAU $GLD $XAG $SLV Thursday, Gold prices rose for a 2nd day running as the momentum behind this week’s rally in risk assets faded ahead of the US NFPs report Friday. By 11:10a EST (1610 GMT), gold futures for delivery on the COMEX exchange were up 0.3% at 1,567.15, while spot gold was up 0.4% […]
$ACB Aurora Cannabis (NYSC:ACB) said CEO Terry Booth to retire and Executive Chairman Michael Singer becomes interim CEO as the beleaguered marijuana producer announced $752.79-M in impairment charges Thursday. The company also cut about 500 jobs, including about 25% of corporate positions. Aurora’s NYSE-listed stock fell 13.5% in after-hours trading. The shares were halted earlier […]
$XAU $GLD $SPY $SPX The S&P 500 posted a record high Wednesday at +37.10, or 1.1% at 3334.69 The reverse side of market optimism was the correction of safe-havens such as JPY and Gold. The JPY declined against the Buck, lead USDJPY to its highs in a 1. wks near 109.50, showing a rebound from the 200-Day SMA. Gold dropped […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Less than 1 hr after Fed officials begin a two-day policy meeting, President Trump calls for a cut in rates. “The Fed should get smart & lower the Rate to make our interest competitive with other Countries which pay much lower even though we are, by far, the high standard,” […]
$XAU $GLD $GS Goldman Sachs Group Inc. (NYSE:GS) said investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious Yellow metal. “Gold cannot fully replace government bonds in a portfolio, but the case to reallocate a portion of normal bond exposure to gold is as strong as ever,” Goldman analysts […]
$XAU, $GLD, $USD, $XAG, $SLV Now it is the time of year to predict where gold prices will go in Y 2020. The forecasts’ are worth paying attention to because the experts use a number of factors, ranging from central bank policy to geopolitics to cycle analysis, to make their calls. There is something for […]
Fed Chairman Powell likes to avoid any hint of politics in his public statements, but in a non-controversial response to a Question about US government borrowing Wednesday, he weighed in on one of the core issues in the political debate over how to manage the economy. Over the past year in particular, many mainstream economists […]
Treasury Secretary Steven Mnuchin said Tuesday he is open to loosening liquidity requirements for big banks to relieve possible cash crunches in short-term funding markets. “The banks have raised an issue around intra-day liquidity, and that is something that makes sense for regulators to look at,” Secretary Mnuchin said in an interview. His comments came […]
$XAU, $GLD Gold is back in a short-term Bull mode with prices creeping up from $1,500 over the last 3 days of trading. The Big picture A lot could happen, but it is looking good.The problems causing renewed interest in gold as a hedge and as a safe-haven have no clear resolution. There are now […]
$XAU, $GLD, $GOLD, $NEM, $USD Emerging markets have/are adding to gold holdings, undeterred by prices near their highest levels in more than 6 years, as countries such as Russia and China diversify their Fx reserves, a trend we believe that is likely to continue. Central bank buying is important to the supply/demand dynamic for the […]
$XAU $GLD $GDX, $GOLD, $NEM, $USD Investor doubts about the economic outlook and especially a Dovish Fed drove a gold price run in 1-H of Y 2019, sparking burst of interest in gold investing and gold stocks. The escalating China trade dispute has provided the fuel since 1 August, and a day earlier, the Fed […]
When it comes to debt loads, Generation X remains on top. According to the latest data released by consumer credit reporting agency TransUnion, millennials have now overtaken Baby Boomers when it comes to total debt holdings. However, members of Generation X continue to carry the most debt among Canadians. TransUnion says that total millennial debt […]
$XAU $GLD The gold price market technicals and fundamentals are aligned in here. The precious Yellow metal is up about 17% YTD, and that is up nearly 28% from this time last year. With prices back at $1,513 oz, some investors and market watchers are back to looking for Northside marks at $1,800 – 2,000 […]
$XAU, $GLD, $GDX, $GOLD, $NEM, $RGLD After a big letdown from the Fed, it looked like the recent gold price surge would pause to refresh. Then President Trump took to Twitter the next day and escalated the China trade dispute. The price of gold did not just reverse Fed-induced losses but surged 6% over the […]
$USD The experts, the President, the IMF all say the USD is too strong in here, but managed money say it has room to run North. So, when will the Dollar Bulls turn to Bears? Since the trade dispute between the world’s 2 largest economies came to life in March last year, USD has gained […]
$GLD $XAU FLASH: Gold Bugs are betting there is more to the precious Yellow metal’s rally than interest rates. Gold is on its way to a 3rd straight monthly gainer, trading near 6-year highs as central banks signal easier monetary policy. The Fed is expected to cut U.S. interest rates by a Quarter point Wednesday. […]
$DIA, $SPY, $QQQ, $GLD, $XAU, $USD FLASH: Investors now have no doubt that the Fed will cut interest rates on 31 July for the 1st time in more than 10 years and it is the beginning for the path to near Zero, with no recession in sight. For weeks, money managers have bet on a […]
$XAU, $GLD The SPDR S&P 500 ETF Trust (NYSE:SPY) has rallied 37.5% in the past 3 years, while the SPDR Gold Trust (NYSE:GLD) has lagged, gaining just 5.7% in that frame. Now comes Bridgewater Associates hedge fund manager Ray Dalio, who has recently said gold could be gearing up for a “Gold Bug” decade of returns. Paradigm Shift: in […]
$XAU, $GLD, $GOLD, $NEM, $USD FLASH: The prospects of the Fed cutting interest rates to near Zero this year has gold rallying to 6 year highs. Institutional investors like gold as a hedge against uncertain times, as gold has held value over centuries. The Big Q1: But does it make sense for individual investors? Here […]
The Fed is widely expected to reduce interest rates late this month. That probably means its campaign to shrink its balance sheet is over, leaving the central bank with trillions of dollars more than before the Y 2008 financial crisis. Beginning a decade ago in a bid to fight the Great Recession, the Fed by […]
Thursday, US Senate Majority Leader McConnell (R-KY) said that Congress will raise the nation’s debt ceiling, as the United States will never be allowed to default on its debts, adding that reaching a deal between President Trump and House Speaker Nancy Pelosi (D-CA) would be the best option to prevent chaos and the potential of […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Every time a significant transaction tax has been tried, it has either been gutted or eliminated due to its failure to collect anything close to projected revenue and its impact on capital markets. Got that Bernie? American Communist Presidential hopeful, Senator Bernie Sancers (I-VT) proposed a plan Monday to […]
US consumer debt increased by the most in 5 months in April and topped estimates, suggesting more upbeat sentiment among Americans is supporting borrowing and spending. Total credit expanded $17.5-B from the prior month following an upwardly revised $11-B gain in March, Federal Reserve figures showed Friday. Revolving debt outstanding increased the most since November while non-revolving […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX US household wealth marked a record in Q-1 as the stock market rallied, supporting consumers after Fed interest-rate hikes and trade dispute shocked investors late last year. Net worth for households and non-profit groups increased by $4.69-T, or 4.5%, to $108.6-T after a 3.7% drop in the prior frame, Federal […]
$TSLA Tesla (NASDAQ:TSLA) had a rough day Thursday, the Bearish pressure came on the heels of much weaker delivery numbers on its EVs in Q-1 There continue to be concerns about how strong the demand is for the company’s M-3 sedan that has been on the market for less than 2 years. Tesla delivered just […]
$GLD, $USD, $EUR, $GBP, $CNY What we have been seeing over the past few years is that confidence in government is fading and the price of Gold is rising. Some current examples The UK House of Commons voted 413-202 last week to delay Britain’s exit from the EU. Despite resounding defeats, Prime Minister Theresa May […]
FLASH: McKinsey’s annual review reveals an expanding and developing industry; more tools for managed money and investors. Note: Private markets, including PE, debt, infrastructure, real estate, and natural resources. Private markets stayed strong in 2018. True, fundraising was down 11%. But $778-B of new capital flowed in. Investors have a new motivation to allocate to […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: This Bull Market is about to have its 10th Birthday! US household wealth fell 3.5% into the close of Y 2018 on the back of a Fed engineered stock market correction in Q-4 that threatened to weaken a near 10 year recovery. In its Quarterly Flow of Funds report, the […]
American home-ownership has been on the decline, and Fed researchers point to the high cost of college as 1 of the Key reasons. Just 36% of household heads between 24 and 32 years old owned homes in Y 2014, down from 45% in Y 2005. At the same time, average student debt per capita rose […]
$SPY, $GLD Surprise, after all of the ‘bunk’ you have heard since early October, do not be shocked that there will be no additional Fed rate hikes, a 20% S&P 500 rally and no recession.. Byron Wein defines “surprise” as an event that the average investor would only assign a 33% chance of taking place […]
Handling Holiday Stress Manage Holiday Stress with these Healthy Habits 1.Exercise — A quick high-intensity workout may be the thing to boost your mood and relieve stress. Anandamide is a neurotransmitter and endocannabinoid produced in your brain that temporarily blocks feelings of pain and depression. It’s a derivative of the Sanskrit word “bliss,” and a deficiency is […]
Silver to Gold Ratio Points to Over-sized Profits Coming to Silver $SLV, $GLD, $DIA I last wrote an article on Friday November 9th as the Dow Jones closed with a value of -3.13% in the BEV chart below. Three Friday’s later and the Dow Jones closed today with a value of -4.81%. Not much of a […]
Tesla (NASDAQ:TSLA) Looking Back Over the Past Year.5 $TSLA In the wake of his recent Axios interview of Tesla (NASDAQ:TSLA) CEO Elon Musk broadcast a lot of stuff to his listeners and devotees. Much is hyperbole, some is fact. Below are of some things that happened at the fledgling US EV maker over the past year.5, as […]
Dow Jones’ Earnings are at Record Highs Vs the Price of Gold $DIA, $SPY, $QQQ, $GLD, $SLV The DJIA is seeing action, on Wednesday, the day after the mid-term elections it advanced by 2.13% from its prior day’s closing price, it was the 4th day of extreme volatility since early October. Everyone was happy about […]
The Big Q: Is Debt Good or Bad? The Big A: Yes & Yes Debt is future spending driven forward in time. It lets you buy something now for which you do not have the cash “yet”. Whether it is smart or not depends on what one buys. Many people, businesses, and governments borrow because […]
Tesla (NASDAQ:TSLA) to the Dust-bin of Automotive Wannabees? $TSLA From the outset Elon Musk’s strategy for Tesla has been bootstrapping: Use the money from the Lotus based roadster to develop and build the M-S; use cash from the M-S to develop and build the M-X; use cash from the M-X to develop and build the […]
Do Not Get Distracted By Tesla’s (NASDAQ:TSLA) Q-3 Profitability $TSLA Tesla posted an impressive Q-3 profit Wednesday, and the company’s top-line revenue was more stunning. The money flowing toward Tesla is more important than whether it makes or loses money on a Quarterly basis. As Tesla grows, questions could arise over its monopoly status in the EV sector, and use […]
Tesla (NASDAQ:TSLA) Key Quarterly Earnings Report Coming $TSLA Selling Vapor Ware and taking deposits on cars that cannot be produced and delivered do not produce earnings. Tesla’s (NASDAQ:TSLA) Mission: “Accelerate the world’s transition to sustainable energy.” It says soon on its website. My Big Q is: Why? The Big A: 1st Tesla has to prove it […]
Tesla’s (NASDAQ:TSLA) $1-B+ Debt Payments Loom, Wall Street Bankers Ready to Pounce $TSLA The fledgling niche EV maker has over $1-B in debt that will come due between November and March Bankers are coming to Tesla with financing ideas as debt payments loom, but Tesla officials have indicated that the automaker does not feel the pressure to […]
Tesla (NASDAQ:TSLA) Cannot Deliver Cars Means Tesla Cannot Deliver Profits $TSLA Tesla (NASDAQ:TSLA) may have emerged from ‘production Hell”as the company met Wall Street expectations producing 80,142 vehicles in Q-3, about 50% more than its prior high set in it’s last Quarter, that according to the company. The latest numbers included 53,239 M-3s, just under the 5,000 or so cars […]
Barrick (ABX) Buying Randgold (GOLD) for $18.3-B Forming Giant Global Gold Miner $ABX, $GOLD Barrick Gold (NYSE:ABX), the world’s largest Bullion producer by value, is about to become even bigger as it has agreed to buy Randgold Resources (LON:RRS, OTCMKT:GOLD) in a $18.3-B share deal, the biggest in the gold sector in the past 3 years. The […]
Tesla (NASDAQ:TSLA) Need Lots More Cash, What is Going to Happen? $TSLA, $MS Wall Street experts say, “Tesla will need to raise more cash”, it has some notions about how and when that may happen. Morgan Stanley (NYSE:MS) said that in addition to a capital raise in Y 2018, Elon Musk may also need an outside […]
Ferrari’s (NYSE:RACE) CEO, “We Will Work to Double Profits by 2022” $RACE Ferrari(NYSE:RACE) announced plans to introduce 15 new models on Tuesday, including a range of hybrids and a FUV vehicle, as it aims to 2X its earnings by Y 2022. In the company’s annual Capital Markets Day presentation Tuesday, CEO Louis Camilleri pared Ferrari’s long-term […]
People a Asking: What Does the Future Hold for Elon Musk and Tesla? $TSLA On Tuesday, news broke that the Department of Justice had started a probe into Elon Musk’s 7 August ‘420’ Tweet: “Am considering taking Tesla private at $420. Funding secured.” The news of the DOJ inquiry sent Tesla stock tumbling yet again, […]
People Will Soon Be Asking, Who ‘Killed Tesla’? $TSLA Former General Motors (NYSE:GM) Vice Chairman Bob Lutz says he thinks Tesla“is headed for the graveyard.” He pointed to a handful of Tesla’s problems in a TV interview Tuesday. The totality of the fledgling EV maker’s financial, administrative, manufacturing, and legal problems, Mr. Lutz suggested, mean that Tesla’s (NASDAQ:TSLA) […]
Wall Street’s Red Lights Flashing on Tesla’s (NASDAQ:TSLA) Ability to Pay Debt $TSLA Tesla’s (NASDAQ:TSLA) stock price and CEO, Elon Musk are getting the headlines, but the real story looks to be the steep decline in the value of the EV maker’s bonds. $1.8-B of Tesla bonds due in August 2025 marked a record low Friday. The bonds […]
How Close was Saudi Arabia to Buying Tesla? $TSLA With privatization plans now off the table, we investigate how close Saudi’s electric dream was to becoming a reality In what became one of the most intriguing and beguiling business stories of recent years, Saudi Arabia emerged as a leading player in the complex and now defunct […]
Tesla’s (NASDAQ:TSLA) CEO, Elon Musk Filmed Smoking Marijuana, Stock Dives $TSLA Tesla Inc. (NASDAQ:TSLA) CEo Elon Musk was filmed smoking marijuana, drinking whiskey and wielding a sword just hours before the automaker said its accounting chief would leave after a 1-month stint, the latest in a string of unusual behavior and executive departures that is […]
Ferrari (NYSE:RACE) Outperforms the Entire Automotive Sector $RACE Ferrari (NYSE:RACE) delivered an ROE of 63.1% over the past 12 months, impressive in the extreme compared to the industry average of 14.0% during the same frame. RACE has made huge profits from little equity capital. Taking a closer look at some factors like financial leverage to […]
President Trump Tweets: ‘Tariffs Are Working, Can Pay Down Debt” US President Donald Trump is using his tariff leverage to work closer to reciprocal trade with producing economies like China, the EU, Mexico and Canada, he declares “tariffs are working big time” and can help pay down the national debt run up by The Hussein […]
Russia Sells US Treasuries, Buys Gold $GLD Russia is buying Gold, and selling its US Treasuries to avoid “political blackmail,” according to a precious metals market analyst. “This is also a kind of political declaration, stating that countries which have too many dollars can become the object of political blackmail,” the expert, Munich-based Dimitri Speck […]
President Trump Drives Debt Sales to Near-Recession Levels as Economy Booms US President Donald Trump is boosting long-term US debt sales to the highest since Y 2010, matching the pace when the country was digging itself out of the worst recession since World War II, even as the economy is booming. To cope with the […]
The Trump Effect at Work: US Household Wealth Tops $100-T $DIA, $SPY, $QQQ, $RUTX US household wealth topped the $100-T mark for the 1st time in Q-1 of Y 2018, the Fed reported late Thursday. The Fed said the net worth of the nation’s households and nonprofits rose to $100.8-R in the 1st frame of the year, […]
Populist Government Takes Power in Italy “Populism is the new organizing principle.” The new government has pledged to pursue a host of populist policies, including reclaiming national sovereignty from the European Union over issues ranging from border protection and immigration to economics and finance. For now, however, it has abandoned previous plans to hold a […]
Socialist EU Cracked, Crumbling from Inside Europe has relied on the US for protection and economic support, and now The Trump Administration has sanctioned the single currency bloc for refusing to level playing field on trade and unfair trade practices Friday, US President Donald Trump imposed tariffs on European steel and aluminum, dismissing Europe’s pleas, […]
Ferrari (NYSE:RACE) a Safer ‘Bet’ than Italian Government Bonds $RACE Italy’s iconic luxury carmaker Ferrari (NYSE:RACE) and Exor, the owners of Juventus football club, are among many Italian companies that can now borrow money more cheaply than Rome’s crisis-hit government. Italian sovereign bond yields rose this week to some of their highest marks in years […]
US Dollar Losing Global Status as Debt Soars $USD The USD is quickly losing its appeal to global investors as American debt skyrockets to stratospheric levels warns Jim Rogers. USD, the world’s reserve currency, will lose the status of main reserve currency much sooner than Y 2030, international investor Rogers said at the St. Petersburg […]
American Consumers are Borrowing More Americans increased their borrowing by $11.6-B in March as a big increase in the category that covers auto and student loans offset the largest monthly drop in credit card borrowing in more than five years. The Federal Reserve says the March increase in total debt was below the $13.6-B increase in February […]
Ferrari (NYSE:RACE) Beats ‘The Street’, Stock Roars $RACE Ferrari (NYSE:RACE), the iconic Italian manufacturer of high performance cars reported above-consensus Q-1 earnings of 0.96/share on revenue of nearly $1-B, which increased 1.2% Y-Y. Vehicle shipments totaled 2,128 during Q-1, +6.2% Y-Y. Shipment growth was driven by sales of V12 models while sales of V8 models […]
Fed Policymakers Say “Not to worry” No Recession Ahead As the gap between Short and Long-term borrowing costs hovers near its lowest in 10+years, speculation has risen over whether the yield curve is signaling that a recession is around the corner. Not to worry, 2 Federal Reserve policymakers said Friday Growth prospects look strong, which […]
President Trump’s Tax Cuts Seen Halting a 3-Month Retail Sales Slump $SPY For sure President Trump’s tax cuts have given a boost to Americans’ take-home pay this year. The Big Q: Will the US consumer putting the extra cash toward savings and debt, or using it to go shopping? The Big A: We here a […]
Tesla (NASDAQ:TSLA) Under Heavy Pressure to Produce, Cannot $TSLA Shares of Tesla Inc. fell again Monday ahead of the electric car maker’s announcement of Quarterly production numbers for its crucial Model 3 sedan. Shares in Elon Musk’s $50-B venture have been reeling from 3X probes into a fatal crash in California, concerns about Model 3 production […]
Student Debt Holds Back First-Time Homebuyers US student loan debt has become a significant barrier to home ownership in the United States, as borrowers imperil their finances simply trying to get through college or professional school. About 45-M Americans have student debt, and the average borrower owes more than $30,000, according to the data. More […]
People are asking: “Has this market topped.” $DIA, $GLD, $SLV Since February 8th when the Dow Jones broke below its -10% BEV line in the chart below, it’s been building a pennant formation. I don’t know how significant it will be when the BEV plot breaks above or below the pennant, as technical analysis in today’s […]
US Household Household Wealth is “at pretty dizzying levels right now” $DIA, $SPY, $JPM Americans’ wealth rose more than $2-T in Q-4 of last year, pushing further into record territory, thanks to The Trump Bull Market and rising property prices, data from the Fed showed Thursday. According to the Quarterly Fed report, household net worth, […]