With plenty of wind in their sails, bulls coasted comfortably into year-end to close out 2013 with a stellar performance, as Santa made his widely-expected appearance on Wall Street. In …
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Everyone knows that the Fed, through the bank excess reserves/cash deposit pathway, participated in indirectly purchasing some $1 trillion in risk assets in 2013 through POMO – a process that …
Read More The bank index has led the S&P 500 since late 2011. Furthermore, a tapering of QE bond manipulation would theoretically at least favor the banks relative to other sectors as …
Read More The “polar vortex” (no, really) which is about to unleash even record-er cold temperatures upon the US may be the greatest thing to happen to the economy: after all once …
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Rising rates in the United States have sent shock waves across a number of emerging markets, particularly in nations with high current account deficits. At the top of the list …
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Top scoring weekly returns: Buy and Hold 1 Year  The best sector is industrial goods The best scoring sector remains industrial goods heading into Q4 earnings season. Managers should …
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In all likelihood the US debt ceiling will need to be raised no later than this coming March. The question now is whether we are going to see a repeat …
Read More On Thursday, the Commerce Department reported the widely ignored monthly Construction Spending report for November. Did you notice it? I didn’t think so. But boy, was the WSJ having an …
Read More Closed-end fund notes follow: *New Ireland Fund reported on its close-Dec. portfolio. IRL reduced its stake in Paddy Power to 2.98% (we own PDYPF directly). IRL’s largest holdings are Ryannair 17.62%; Kerry Group (dairy products) 10.93%; CRH (aggregates) 10.42%; …
Read More It is useful to spend some time with kids. Our New Year break included trading leg-warmers, sharing ice cream in winter, my wearing sparkling sunglasses reading “2014” which produced smiles …
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