There was recently an article on CNBC about why Trip Chowdhry, the managing director of equity research at Global Equities Research, believes the Snap IPO is “total junk.” He thinks the social media phase is over and users don’t want to try new apps. I think Trip was projecting his own personal view
In my article yesterday, I mentioned the market has been in a very narrow range. Today data on the S P 500’s range was posted on CNBC. The 1.6% range the S P 500 has been in, in January is the narrowest range since November 1965. The tight August range was 2.1% which was the narrowest since
Today the market sold off slightly as it maintains the plateau it has been at since mid-December. This reminds me of the market in August where it hit new highs, but barely moved. In the few months leading up to the election, I had noticed volatility was low historically when you look at other pre-e
With the first business day of Trump’s presidency, we are seeing two trends which will be countering each other. There still aren’t complete details on the new policies, but the trends are becoming clearer. The trends are decreasing regulations and increasing trade barriers. The trade barriers incre
Since Trump was inaugurated this week, I figured it would interesting to delve into the obstacles he will face in his next four years. This a longer-term approach to economics then I usually take. The reason it is worth it for readers to know about the challenges is because you can alternate your in
The market has settled into a tight range after spiking higher in November and December. It’s tough to say why the market would rally when it is already so expensive. It tends to want to hurt the most investors when they are all leaning in one direction. There were a lot of shorts betting against
In this article, I will discuss two companies moving in the opposite direction. YouTube continues to dominate the online video landscape and Twitter continues to lose ground. Twitter is a disillusioned company which has a base of dedicated users, but no momentum towards accelerated user growth or pr
The size of the Fed’s balance sheet is becoming more of a focus than its decision on interest rates. This is because of increased Fed statements on the topic which I will go over in this article. Goldman Sachs is forecasting no changes to the balance sheet until mid-2018. This would be after the new
There was a new report today that continues the narrative of the People’s Bank of China further intervening with bitcoin. However, the action didn’t lead to the price declines which previously occurred with past announcements. There was a burst of volatility after each part of the report came out, b
There’s been a bifurcation of the economic survey data from the so called hard data which measures real production and economic activity. My theory is optimism about the new administration is causing this difference. The consensus is this optimism means 2017 will see accelerated growth. In the conse
