NewCover with LOGO

10-OCTOBER 14-2022

pretty pleaseGood morning.
The latest inflation numbers showed a year-over-year decline.  That’s good.  But the monthly rate increased.  Markets didn’t like that part of the read.  Even worse, thanks to the high inflation numbers as measured against wage growth, real wages have been shrinking for 18 months.
Add in an economy that’s already seen negative GDP growth for two quarters in a row — the definition of a recession in the past — and it’s clear that the economy hasn’t yet slowed enough for a pivot in the markets.
We’re still oversold in the short-term, so anything is possible.  But the medium-term trend is still down, and likely will be until there’s a stronger sense that inflation is under control and the Fed can lay off the hard braking it’s been doing.  Keep looking for opportunities on the short side.

Now here’s the rest of the news:

Thousands Of Stocks Collapse By 80%
The Everything Bubble, the greatest speculative bubble in history by most any metric, became the Everything Bust this past spring when the Wild Bull Stumbled Into a Hibernating Bear.  How many over-leveraged companies would be… [Read Here]

October 14, 2021

Where Did Summer Go!Good morning.
Inflation may be the headline story, but it’s just one factor that could impact corporate profitability this earnings season.  Many companies are able to pass on rising costs to customers from run-of-the-mill inflation.  But higher energy prices, which have been running hotter than official inflation measures, represent a much larger bill for many companies.  We’re already starting to see warnings on that front, including form airline companies, as oil prices hit a seven-year high.
But there’s one more threat out there.  Last week, 136 nations signed an agreement on a minimum corporate tax rate of at least 15 percent.  The goal?  To keep multinational companies from having a subsidiary in a low-tax jurisdiction to avoid the higher tax rates of other countries.
While some companies may have to shift operations, the end result will be in higher total taxes paid overall, which may induce some companies to start looking for ways to lose money for tax purposes, a measure that may weigh on share prices should that play out.  Add it all up, and corporations are facing a number of challenges likely to keep profitability down in the next few months.

Now here’s the rest of the news:

No, the $3.5 Trillion Spending Bill Does Not Cost $0 –Ryan Bourne, The Dispatch
So while the question of who bears the cost is complicated — potentially incorporating both current and future taxpayers — nobody should claim that this is a zero cost bill… [Read Here]

October 14, 2020

Lookin' GreatGood morning.
You’ve heard of the tail wagging the dog?  In the case of the stock market, that can often be the case when options traders get active.  That’s because when options trades increase, banks need to hedge their contracts by actually buying shares.
That’s what happened this week with Apple ahead of its latest iPhone launch.  Options trading surged on the stock to a record high on Monday, which in turn led to a large amount of share buying to hedge the options trade.  On Tuesday, shares fell as the option buying slowed down.  So the next time a stock is making an unusual move… look to see what the option traders are up to.

Now here’s the rest of the news:


October 14, 2019

Happy Holiday Monday!

Looks Like Heaven To Me!Today Darren Hardy posted a great ‘Come From Behind’ message!  Any time I hear the words “Come From” I think of Newfoundland.  NFLD more than captures my imagination … It captures my heart!  Newfoundlanders say, ‘they’ll be disappointed when they leave this Earth and go to Heaven’.  That says quite a bit in just a few words!

To Newfounders everywhere and want-to-bes…  😉

October 14, 2018


October 14, 2017

Today Caryl and I celebrated the marriage … the uniting … of Jebelle Morales and Mark Fortich.  We’re very pleased for the both of them.  Congratulations!!!

We proudly introduce you to: Mr. & Mrs. Fortich.


Come From Aways, Do You?

More Posts

07-JULY 26-2023

Good morning. The rate of inflation has slowed by two-thirds over the past year.  But getting back down to a pre-Covid level may prove more

07-JULY 25-2023

Good morning. 2023 was supposed to be a fantastic year for the economy, at least in China.  That’s because the country’s harsh Covid-era lockdown policies

07-JULY 24-2023

Good morning. We’ve looked at the U.S. Treasury curve before.  That’s because the curve has been inverted for several months.  Historically, every recession since the

07-JULY 23-2023

Today! July 23, 2022 Today! July 23, 2021 Good morning. Technology companies need to constantly innovate.  That results in a high amount of money being

07-JULY 22-2023

Today! July 22, 2022 Good morning. First-time unemployment filings are ticking up.  While they’re not huge yet, they may be a sign of more trouble

07-JULY 21-2023

Good morning. While markets are happy that inflation is dropping, now hitting 3 percent on a year-over-year basis from a high of nearly 10 percent

07-JULY 20-2023

Good Morning. With commercial real estate valuations under pressure, investing in a big city may seem like a dubious prospect right now.  However, there are

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

Leave a comment

Send Us A Message