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Energy Independence

Tuesday, 11 July 2017 by

Recently, we attended a couple of industry conferences… conferences loaded with “knowledgeable experts” who somehow manage to disagree with each other from time to time. Disagreements aside, we came away with several nuggets that we feel will help us negotiate the securities markets today. Here are several of them: Our long-held view that interest rates(…)

Reaccommodate

Thursday, 13 April 2017 by

It is both interesting and disgusting that a business (any business) can intentionally screw up (routinely booking too many passengers as a course of business) and then hold their customers responsible for that screw up. United Airlines must win the prize this year for the most reprehensible corporate policy for dealing with the people who(…)

It is widely expected that the Federal Reserve Bank will raise the federal funds rate at its March meeting this week. According to the futures market, there is a greater than 90% chance they will raise rates. Because a rate increase is so highly anticipated, we expect there will be virtually no market reaction when(…)

CNBC is in big trouble. The Dow Jones Industrial Average (DJIA) finally broke through 20,000, and now the network is going to have to find something else to talk about. Its anchors have been anticipating this breakthrough for weeks and talking about it frequently almost every day, flashing ridiculous headlines on the screen that the(…)

Strangest Election Ever

Tuesday, 20 December 2016 by

In the last Investment Commentary sent out the day before the election, Calm Before the Cloudy Skies, we wrote, “It would be a cruel joke on Donald Trump if he accidentally won the election,” noting that he ran his campaign as if he wanted to lose and would be disappointed if he was elected president(…)