General Electric Company

Trading Strategies

How Corporate America Cheats Investors Every Day

An underwhelming earnings season is winding down while stocks struggle. The sell-siders are, bluntly, panicking.

I wouldn't be surprised in the least to find many of you have heard from your advisors over the past few days – advisors with a vested interest in keeping you long the markets (and ensnared in their asset-based fee models).

I'd also bet you're being told "not to worry." I bet you're hearing a lot about companies "flush with cash" and "beating their earnings expectations."

I bet you're being told, despite the obvious signs all around us, that this market is "uniquely solid" and that "the numbers confirm it."

Have I pretty much nailed it word for word?

That's because I'm a hedge fund guy. I know the legal tricks and accounting stunts that keep CEOs and, well, hedge fund guys "well-remunerated."

I'll let you in on another secret: They're lying to you. The market is lying to you, and it's costing you plenty...

Dow Jones

Dow Jones Industrial Average Today Opens Lower As Earnings Reports Keep Rolling In

The Dow Jones Industrial Average will try to hold above the 25,000 level after a 434-point surge Wednesday.

This morning, Dow Futures projected a small decline as investors weigh earnings reports and a breaking development that U.S. and Chinese officials are negotiating a meeting for later this month between President Donald Trump and Xi Jinping.

Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq...