03/01/2021
Today Ken Fisher, RealClearMarkets Heard this one yet? British and American value stocks are set to surge as swift vaccine rollouts accelerate reopening. How could you not? This theory, or versions of it, gobsplatter financial airwaves everywhere. But acting on this forgets one key timeless lesson 2020's stock market taught: the more headlines hype something, the more you know markets already weighed it—and moved on past it. It's routine. The more attention a story grabs, the more pundits call it a key "theme" or "risk." What few fathom: If the story leads the news, everyone knows it. If everyone knows it, those inclined to... |
Paul La Monica, CNN Americans may be itching to travel again now that more people are getting vaccinated for Covid-19 â?" and there are several stocks poised to benefit as more people take to the skies and hit the roads. |
Charles Gasparino, New York Post It feels wrong to hope that a company goes out of business and its stock craters to zero, which is why short sellers â?" the traders who make money when stocks tank â?" are treated with disdain in many corners of Wall Street and now increasingly in Washington. |
John Tamny, Forbes It doesn?t matter what the Fed does. Capital flows to where it?s well treated. If investors don?t agree with the Fed, they'll 'tighten' with a click of a mouse and there's nothing the Fed can do about it. |
Sam Swenson, Motley Fool Seeking out a financial advisor can be the right move for some investors. The financial markets and the American tax system can be complicated to navigate, and it makes sense that not everyone wants the liability or time commitment involved in self-managing their financial lives. |
Nelson Schwartz, The New York Times A year of pandemic restrictions has meant some friends are flush and others foundering. |
Michael Hiltzik, LAT Senate Minority Leader Mitch McConnell is still throwing sand in the gears of good government. The result risks bankrupt states and localities. |
Kristian Stout, RealClearMarkets California Democratic Reps, Anna Eshoo and Jerry McNerney are upset with what they perceive as "misinformation" coming from right-wing news outlets like Fox News, Newsmax and OneAmerica News Network, and now they're seeking to enlist the nation's cable companies in the campaign to shut it down. In letters to a dozen cable companies and other video distributors, the Congress members demand that the companies demonstrate what "moral and ethical" considerations have led them to keep the news organizations on the air, given their focus on alleged fraud in the 2020 presidential election and... |
Art Carden, Am.Inst for Economic Research If I were to rank post-World War II public intellectuals and social theorists, the Hoover Institution's Thomas Sowell would take the top spot. There could be a real debate about who is #2, but it would take place a long way from the top of the mountain, where Sowell would sit alone. Sowell is a brilliant economist and a beautiful writer who believes, above all, that we can't have a serious discussion if we don't get the theory straight and the facts right. The Free To Choose Network has made Sowell even more accessible with their film Thomas Sowell: Common Sense in a Senseless World. The film... |
Andrew Wilford, RCM Ask a thousand random people what the 2017 tax reform law did, and probably none of them would tell you about full expensing of research and development investments — instead, they'd likely cite individual or corporate income tax reductions. And yet, the ability to immediately deduct R&D expenses was one of the most important, pro-growth provisions in the entirety of the Tax Cuts and Jobs Act (TCJA). Now, though, it's in danger of being phased out, unless Congress passes legislationsponsored by Rep. John Larson (R-CT) and other House Republicans to extend it. Economists and tax experts have... |
Bruce Yandle, Washington Examiner "How can giving undocumented workers a route to citizenship increase GDP growth?" |
Brad Close, USA Today A recent ad in the D.C. media captured one of the most concerning parts of the minimum wage debate. The message wasn't unusual — a call for Congress to more than double the federal minimum wage from $7.25 an hour to $15 an hour. What was noticeable was the advertiser —Amazon. On this critical issue, big business appears increasingly willing to sacrifice small business, and lawmakers should realize it. |
Liz Ann Sonders, Charles Schwab Looking at the latest economic data reveals V-shaped recoveries in many goods-based indicators; while services has more catch-up to do. |
Troy Bombardia, Fundamental Capital What a week it has been! Various markets saw noticeable declines on news of rising yields. The strong upward trend for stocks is finally taking a long-overdue breather and so is extreme sentiment. |
Pat O'Hare, Briefing.com Savings are fuel. |
Richard Moody, Richard Moody |
James Picerno, Capital Spectator The reflation trade remains in high gear. For the moment, it's reasonable to view this trend as a return to the pre-pandemic period, before the coronavirus crisis roiled bonds markets and slashed yields. The question is whether the recent rebound in rates has legs and indicates that there's more to the trend than a return to the pre-pandemic "normal"? Unclear, but the answer is forthcoming in the data, including four key metrics that will likely provide early signals of things to come. |
Richard Moody, Regions Bank |
Preston Caldwell, Morningstar The U.S. economic recovery paused at the end of 2020, but it will soon be ready for liftoff. |
Jeffrey D. Sachs, Project Syndicate Cooperation is not cowardice, as American conservatives repeatedly claim. Both the US and China have much to gain from it: peace, expanded markets, accelerated technological progress, the avoidance of a new arms race, progress against COVID-19, a robust global jobs recovery, and a shared effort against climate change. |
Nick Bilton, Vanity Fair Is the bubble about to burst? Or are savvy investors about to strike it rich? As the cryptocurrency market blows up yet again, even experts can't say. "When you have your neighbors telling you which crypto to buy, something is probably going to go pop pretty soon," one investor warned. |
Peter C. Earle, American Institute for Economic Research Where there's a will there's a way. |
Paul La Monica, CNN Americans may be itching to travel again now that more people are getting vaccinated for Covid-19 and there are several stocks poised to benefit as more people take to the skies and hit the roads. |
Jason Del Rey, Vox Interviews with Black corporate employees reveal microaggressions from colleagues and managers, as well as stalled career growth |
Howard Lindzon, Howard Lindzon This is not a bubble…it is a sea change. |
Morgan Housel, Collaborative Fund The end of a speculative boom can be inevitable but not predictable. |
Bryce Coward, KLC The title of this post seems rather obvious in light of this week's events, but it's something we have been talking about for months now. Rising interest rates are not kind to tech stocks. |
Steve Strazza, All Star Charts Financial and energy are leading the rotation. |
Warren Buffett, Berkshire Hathaway To the shareholder's of Berkshire Hathaway.... |
Talib Visram, Fast Company If CEO pay were based on a company's financial performance, pay packages would look much different. But shareholders keep approving big raises. |
Scott Sumner, The Money Illusion Andrés Manuel López Obrador sounds a lot like Donald Trump. |
Charlie Bilello, Compound Advisors Yes, you can lose money in bonds. |
Macromon, Global Macro Monitor Two words. Endogenous money. |
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