The spike in revolving credit in March and April is most likely due to higher gasoline prices, which should come down once the war in Iran is over and the Strait of Hormuz reopens. Read More
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If today’s stock market selloff is due to the strong employment data for May, then Wall Street will need to find a new thesis for rationalizing higher stock prices. Read More
This month’s Personal Finance options recommendation includes two strategies, selling a covered call and selling a naked put on APA Corp. (APA) Read More
I have added trailing stop price starting points for all positions rated as a 'hold' in the PF Growth and Income portfolios. Read More
Employment data for May along with April's consumer credit report should give us a good idea of how consumers are faring under the strain of high fuel prices. Read More
I cannot recall another time during my tenure at Personal Finance that so many of our portfolio holdings have appreciated so much in such a short period of time. Read More
April's PCE price index report is inflationary and will make it difficult for the Fed to justify making a rate cut when it meets in June. Read More
Best Buy's stronger than expected Q1 results should not only induce a short squeeze but should also change the narrative on Wall Street regarding its growth prospects during the second half of this year. Read More
These three growth portfolio holdings have more than doubled during the past year, so I suggest adding a trailing stop order to protect most of those gains in case Wall Street bails out of the AI trade once the war in Iran is over. Read More
The April data for new homes sales, personal income and spending, and the PCE price index could make inflation the top concern on Wall Street this week. Read More