Dear Fellow Expat, My father taught me five things when I turned five years old. How to keep score at a baseball game (scorecard) How to read a baseball box score (hits/at bats) How to read the McCormick & Co. (MCK) stock quote in the Baltimore Sun. How to pour a vodka, club soda, and […]
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Stocks
The Stocks I'm Watching as Florida's "Season" Begins
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Dear Fellow Expat, In the shadows of the Florida night, a disturbing presence – unnoticed by most slithered down U.S. Route 41 – Tamiami Trail. This was no ordinary vehicle; it was a monstrous, steel Goliath. This unholy contraption carved asphalt arteries with an insatiable hunger, eager to bring terror to an unsuspecting beach town. […]
Boats, Beaches, Bars & BRICS
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Dear Fellow Expat, Fifteen seconds after I awoke this morning, these lyrics randomly passed through my mind. I am umbilically connected to the temperate zone It brought me life; it brought me love I never have outgrown Brought me one too many nights along that Biscayne shore And one too many mornings in the Grove […]
Chart of the Day: The Jobs Day Letdown for Everyone
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It’s jobs day! There are several vital government data releases the Federal Reserve and the markets watch like a hawk (or a dove) each month. And one of those is U.S. nonfarm payrolls, which we'll receive in roughly 60 minutes. Unfortunately, this is a lose-lose scenario. You see, when it comes to the Fed, the […]
Why This Massive Insider Buy Is Worth Watching
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As I’ve explained, insider buying is one of the most powerful indicators in the financial markets. Insider buying is when an executive buys their own stock with their own cash. They put their own money down and file an SEC Form 4 document. Many people love to buy the same stocks as the insiders – […]
Why Prices at the Pump Are Heading Higher
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It feels like ages ago that filling your gas tank looked like this… In reality, it’s been merely a year and a half. But while we’ve felt relief at the pump since, that reprieve is starting to fade. After sitting below $80 per barrel since March 2023, the price of crude oil in August rose […]
Try This When Momentum Turns Green And Thank Me Later
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High short-interest stocks become great speculative swing trades when momentum swings positive. While these companies could wind up bankrupt at any moment, a sudden change in market conditions can make them skyrocket. Lately, China has been expanding liquidity into the system to support its struggling economy and currency. When financial conditions expand, risk assets take […]
Crab Cakes and Volatility…
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Dear Fellow Expat, Greetings from Baltimore. If there’s ever a reason to depart from the Florida Republic, it’s for a crab cake, yellow mustard, and crackers. Provisions are well stocked in the Charm City. We enter a pivotal week for the markets. The Chinese central bank didn’t pump another 1 trillion Yuan into its economy, […]
When Seeing Red is Seeing Green… And Shorting the Market is Cool, Again
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“Short sellers are the market’s police officers. If the idea of short selling were to go away, the market would levitate even more than it does.” — Seth Klarman What’s in a “narrative” anyway? Over the past few weeks, we’ve been preoccupied with summer stuff… a few conferences…college visits… getting new apartments set up… some […]
America’s Latest Epidemic is Sinking This Sector
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It was a beautiful, sunny, spring morning. The type of morning California is famed for. I was sitting outside a café digging into a delicious – but grossly overpriced – plate of steak and eggs. It’s the breakfast I always have when I’m on the road. And as I savored each bite, I watched a […]
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