This Natural Gas Opportunity Is Years in the Making
This week I was in beautiful Argentina with a diverse team of investors and mining executives. Together we toured various natural gas and crude oil mining projects in Tierra del Fuego, Mendoza and Santa Cruz, where we had the opportunity to speak with Governor Alicia Kirchner, elder sister to former Argentinian president Néstor Kirchner.
The term “trend” now has a broader use. Trending is a term used in reference to the buildup of posts on social media. And we find ourselves in a day and age when the leader of the free world is posting using stream of consciousness—annoyingly against a department store that no longer supports his daughter’s line of clothing or worse, tweeting against judges who disagree with his policies. This is a trend we shouldn’t miss.
If You Build It, Will They Come?
Today, it seems as if there is a mysterious voice speaking to politicians all over the world, urging them to build.
S&P 500 Snapshot: Record Highs Continue
On Friday, the S&P opened lower than the previous three days and oscillated around a narrow range until late in the day with a few jumps just before close. The index reached its intraday high at close and ended the day with a gain of 0.15%. Week over week, the index saw a gain of 0.70% ending Friday with another record close.
5 Charts That Show 2017 Could Be a Banner Year for Retailers
Thursday morning, Treasury Secretary Steven Mnuchin told CNBC that we could expect “significant” tax reform by August, including tax cuts for middle-income Americans and corporations. Like clockwork, the major stock indices rallied to all-time highs in intraday trading.
ECRI Weekly Leading Index: "How Reliable Are GDP Consensus Forecasts?"
Today's release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 144.6, up just 0.1 from the previous week. It is currently just below its all-time high. Year-over-year the four-week moving average of the indicator is now at 12.32%, up from 12.17% the previous week, and at an interim high. The WLI Growth indicator is now at 10.5, down slightly from the previous week.
Kansas City Fed Survey: February Activity Highest Since 2011
The latest index came in at 14.0, up from last month's 9.0, which indicates improving activity. The future outlook increased to 29.0 from 27.0 last month. Here is a snapshot of the complete Kansas City Fed Manufacturing Survey.
The Administration Now Faces the Hurdles of Reality
There has rarely been a new presidential administration in the history of the United States that has tried to get so much done in its first ten days as the current one.
We Are Growing Less Positive (But Not Negative) Toward Equities
Equity markets have increased since the U.S. elections for two principal reasons: optimism over a pro-growth legislative agenda from Donald Trump and improving U.S. and global economic and earnings growth.
A Most Wonderful Year For Small-Caps
2016 was a terrific year for small-cap stocks—and an even better year for small-cap value and cyclical sectors.
Southeastern Asset Management: “We welcome unpredictability”
Ross Glotzbach is head of research and a principal at Southeastern Asset Management, one of the most respected value managers. In this interview, he discusses his investment outlook in an era of political and economic uncertainty.
Gold Gets a Shot in the Arm from Inflation and China
Inflation just got another jolt, rising as much as 2.5 percent year-over-year in January, the highest such rate since March 2012. Led by higher gasoline, rent and health care costs, consumer prices have now advanced for the sixth straight month. In addition, January is the second straight month for rates to be above the Federal Reserve’s target of 2 percent.
Weekly Market Summary
US equities continue to make new all-time highs each week, supported by strong equity fund inflows and macro data that has exceeded expectations. Surprisingly, equities outside the US are actually outperforming the S&P. The current trend is very extended and there are four notable headwinds that may impact equities in the weeks ahead. There is, conversely, a favorable set up in the bond market.
Tax Reform: The Good, the Bad, and the Really Ugly—Part Three
Today we come to part 3 of my tax reform series. So far, we’ve introduced the challenge and begun to describe the main proposed GOP solution. Today we’ll look at the new and widely misunderstood “border adjustment” idea and talk about both its good and bad points