Instead of treated, we get tricked…. Instead of kisses, we get kicked…” — Annie “I got my start in the school of hard knocks…” Shah Gilani says wistfully on this week’s Wiggin Session. We were discussing his experience at the open-cry amphitheater—“the pits,” colloquially—on the floor of the Mercantile Exchange in Chicago. Fresh out of […]
Archives for August 2023
August 2023 - Page 3 of 7 - Money Morning - Only the News You Can Profit From
The $1.8-Trillion Shift Poised to Capsize Retail
You don’t need to dig deep to spy signs of consumer strength. From July retail sales to earnings from big box retailers, we’ve seen beats across the board. Home Depot (HD) topped analyst expectations and authorized a major $15 billion share buyback. Walmart (WMT) beat on both revenue and earnings per share. And while Target […]
Trying to Reason with Hurricane Season: Here's How to Spot a Volatility Cycle
Dear Fellow Expat, If you’d have told me that the state with the highest total of tropical storms to start the season was California, I’d have accused you of having too much Long Drink this weekend. But that’s the score. California 1 – Florida 0. I’m sure that California Governor Gavin Newsom is proud that […]
Living Free as the Markets Die
The markets shouldn’t be the most stressful part of your day. If you wake up each morning and your mood is determined by how the Dow Jones Industrial Average, Nasdaq, or S&P 500 are moving, you’re doing something wrong. It’s that simple. You’re overleveraged… you’re underleveraged… you’re holding too much in risky assets… you’re not […]
“Bring Me a Fire Truck” – Steve Winwood And Our Week Ahead
Postcards from the florida republic An independent and profitable state of mind. My daughter is driving me insane… She has been singing “I’m Still Standing” by Elton John since Thursday. But only the chorus… on repeat. And when she isn’t singing that song… She’s singing Steve Winwood’s 1986 hit “Higher Love” – but only […]
How I Learned to Stop Worrying and Love the "Bailout"
Postcards from the florida republic An independent and profitable state of mind. The Wall Street Journal warns that China could soon face its “Lehman Brothers moment.” It’s a call back to the defining moment of the 2008 Financial Crisis. That “moment” was the long-expected collapse of one of Wall Street’s oldest and most-connected banks. The […]
This Garbage Stock is Everything Wrong with Today’s Public Markets
Postcards from the florida republic An independent and profitable state of mind. Want to see me leave a cocktail party early? Send a food server over with a plate of one heinous dish. I’ll move out of there faster than Tweedy Bird… so fast feathers fly. What’s this poison food I won’t touch? “Plant-based meat.” Off […]
The Japan-ification of China: What You Need to Know
Whenever someone mentions China, the first image that appears in my mind is skyscrapers going up in a matter of months. Then traffic for days and an economy growing like wildfire. It’s no surprise given that China has been one of the fastest-expanding economies in the world. From 1989 to 2023, the country’s average annual […]
Keep Momentum Simple (Stupid)
Postcards from the florida republic An independent and profitable state of mind. The emails trickled in one at a time… Then the phone calls started. A business-school friend – with an MBA and decades of executive experience… A financial publisher who’d edited newsletters for 30 years… A bartender in Washington D.C., A relative […]
Safe Harbor (Amid Tornadoes)
“A ship in port is safe, but that's not what ships are built for.” — Grace Hopper “Please, fasten your seatbelts,” the flight attendant said pleasantly enough. “We’ll be starting our initial descent to Indianapolis airport.” Trouble is, we weren’t meant to be landing in Indy. It was mildly annoying enough that there wasn’t a […]