Morning Comment: Too much blame on the Fed.


  • We agree with many of the President's policies, but....
  • The trade war IS having a negative impact on the economy
  • Let's look past the politics
  • Way too much blame on the Fed for the slowing economy
  • The trade is THE issue for markets going forward.


I have been critical of President Trump recently, but this does not mean I do not support many of the President’s policies. I agreed with him on lowering corporate taxes…and on many of the deregulation plans he has implemented. More importantly, I totally agree with him that China has been getting away with WAY too much on the trade front…for WAY too long. Therefore, I support his efforts to change China’s trade practices.

However, the President keeps trying to say that his trade policy is not hurting the economy or the stock market. That is RIDICULOUS!!! It is definitely having a negative impact…and he knows it. If he thought the trade policy was not having a negative impact, he wouldn’t be begging the Fed to cut interest rates by 100 basis points or floating ideas of cutting payroll taxes!!!! He’s obviously looking for programs that will offset the impact of this trade policies!

I understand why the President is doing this. He is about to embark on a re-election campaign and he wants to push the blame for the impact of his trade policy to others.

However, I think it's important for investors to face the truth. The trade ware IS having a negative impact...and as we've talked about ad nauseam for weeks, the trade war is going to be with us for many years to come. Therefore, investors need to adjust their thinking to this reality.

To find out more about my thoughts on this vitally important issue and why ...

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Morning Comment: Gold overbought near-term.


The bounce in the S&P 500 still faces headwinds

The recent bounce in the S&P 500 index has been impressive. However, it still faces serious headwinds and I believe a deeper correction of 10%-15% is likely over the next two ...

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Morning Comment: Russell 2000 testing important support


Trump has egg on his face

Well, the Great Negotiator has egg all over his face. President Trump gave China something for nothing when he delayed his announced tariffs…and China paid him back by shoving it right up his butt. ...

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Morning Comment: It's Rarely Different This Time


  • Trump wimps out again.
  • More head winds than when Trump's last flip-flop took place.
  • The lag between "inversion" & recession is irrelevant.
  • It's rarely "different this time."


Trump wimps out

President Trump has backed-off once again on his tariff threats...and ...

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The Weekly Top 10: Lower-lows Ahead.


  • A major shift has taken place in U.S. foreign policy that will impact global markets for years to come.
  • The recent bounce in the stock market is a "dead cat" bounce and lower-lows are on the way.
  • WHY ARE INVESTORS ...
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Morning Comment: Something HAS Changed.


The first low is rarely the ultimate low when we get "new-news".

The market has seen some wild swings in the last week…and the recent bounce in the stock market has been quite impressive. However, we need to keep things ...

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Morning Comment: Chips Stocks at Key Level.....Ditto for Gold


  • Chairman Powell seems like a deer caught in the headlights
  • SMH down 5%, next move will be critical
  • Gold looks great longer term, but.......


Chairman Powell seems like a deer in the headlights

Chairman Powell (and the Fed) don't seem ...

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Morning Comment: Apple, Netflix & Boeing all face key technical levels


  • Quiet day today until we hear from the Fed.
  • Apple's chart looks excellent.
  • Netflix stands at a critical technical juncture.
  • Boeing needs to hold $340 to avoid further problems.


It should be very quiet today until the Fed's announcement

It's ...

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Morning Comment: European Banks on the Brink?


What do they know that we don't know?

Twice now…over the past several weeks…we’ve asked the question, “What do they know that the rest of us don’t know?”…..We first ask it when the Fed sent out definitive signals that they ...

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Morning Comment: Big Week...and Bitcoin Testing KEY Support


"Summer doldrums" are very unlikely this week

You’d think that the last few days of July and the first days of August would be prime-time for the “summer doldrums,” but this year, it has the potential to be one of ...

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The Weekly Top 10: Some Big Bearish Bets in the Options Market


THE WEEKLY TOP 10

1) Another great week for stocks, but the S&P is still at risk of “failing” at this level (once again). Although one leadership group has been able to play catch-up, three other important ones have ...

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Tesla's Chart Looks Horrible


Some important technical damage has been done in TSLA's chart

Every once in a while we hear the phrase, “This development is a dagger to the heart of…..” We hear it in politics, in sports, and even sometimes in the ...

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