Although President Trump will vehemently argue that the CPI numbers for May are grounds for an immediate rate cut, Fed Chair Jerome Powell will wait until seeing the PCE numbers later this month before considering a change in his position. Read More
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I am raising our limit price for IBM to $300 based on its accelerating earnings profile. Read More
By this Friday we should have a much better idea if a rate cut is in the cards anytime soon based on Wednesday's CPI report for May followed by the PPI numbers on Thursday. Read More
Wall Street is in a “we’ll believe it when we see it” mode, and it didn’t see anything this week to change its mind. Read More
This month’s Personal Finance options recommendation includes two strategies, selling a covered call and selling a naked put on American Electric Power (Nasdaq: AEP) as described below. If you already own shares of American Electric Power, then you should consider selling a covered call against that stock position, but if… Read More
I do not suggest jumping on the precious metal bandwagon if you don't already own gold or silver in your portfolio since Wall Street may quickly abandon them if there is breakthrough in trade talks with China. Read More
New steel import tariffs, TACO trades, and China's response to no more Mr. NICE GUY! Read More
It is likely that the Fed will wait until it sees the May PCE numbers before seriously considering a reduction in its policy rate. Read More
Yesterday's legal rebuke of the so-called retaliatory trade tariffs will make it easier for businesses to anticipate their financial operating metrics, so I expect to see revised guidance issued by companies that have thus far refused to provide specific guidance. Read More
Healthcare will never go out of style, but it is currently out of favor on Wall Street which is often the best time to buy into a sector before it rotates back to the top. Read More