The equity markets tanked on Monday after China devalued its currency, the Renminbi (sometimes called the Yuan), to its lowest level in over a decade. That was in retaliation for President Trump raising tariffs by 10% on $300 billion in goods. The latter was insignificant as it only amounts to a maximum of $30 billion […]
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My Gut Feeling For Today, May 13, 2019: Do You Really Understand the Tariff and Trade Issue with China?
There is plenty of media coverage focused on the continuing trade negotiations between the USA and PRC (Peoples Republic of China). The markets got all flustered the last few days (and likely today) as no trade agreement was reached and President Trump set forth addition tariffs on $200 million of goods across several thousand products […]
My Gut Feeling For Today, December 6, 2018: Deal or No Deal
Over the weekend, as a result of the G-20 meeting, the United States and China agreed to a deal in which the nations would defer the implementation of additional tariffs for 90 days and work during that period on a new trade agreement which would also tackle intellectual property issues. As a result, on Monday, […]
My Gut Feeling For Today, November 13, 2018: Bipolar Markets
“It’s just another manic Monday I wish it were a Sunday That’s my funday An I-don’t-have-to-run day It’s just another manic Monday” — The Bangles “Manic depression is searching my soul I know what I want But I just don’t know How to go about getting it” — Jimmy Hendrix The markets […]
My Gut Feeling For Today, September 17, 2018: The Alibaba Conundrum
Alibaba (BABA) the Chinese internet retailer and logistics company is a long-term holding in the LakeView Asset Management Growth Portfolios. I have followed this company’s stock since its IPO date, just about four years ago today on September 18, 2014. Recently the stock has come under pressure, begging the question in my mind: What do […]
My Gut Feeling For Today, February 2, 2016: Decoupling From China Is a Step In the Right Direction
After a disastrous month of January; which would have been far worse had Friday’s massive rally not taken place; the month of February got off to a flat start. It is worth noting, though, that yesterday, the stock market opened lower and rallied back into positive territory before finishing mixed. This week will be another […]
My Gut Feeling For Today, August 13, 2015: Chinese Water Torture Continues
For the second consecutive day, China devalued its currency. Alibaba (BABA) the Chinese retail monolith reported results. Despite exceeding analysts estimates by 1 cent and announcing a $4 billion share buyback, investors were disappointed by the company’s revenue growth rate. As a result, traders sold the stock off rather hard. You have to understand that […]
My Gut Feeling For Today, August 12, 2015: Anything Goes in August
Did I mention that it was August? I believe so. It is the month of beaches, boating, golf, Saratoga and the unexpected. In August we have seen: the Invasion of Kuwait (1990), the Russian Coup D’etat (1991), Russian Financial Crisis (1997) and US Government debt downgrade (2011), as examples of the unexpected. These exogenous […]
My Gut Feeling For Today, July 15, 2015: China Not Slowing Down As Much As Expected
Wells Fargo (WFC) and JP Morgan (JPM) set the tone and absent any negative news from Europe the markets put in a solid session. The Standard & Poor’s 500 (SPX) rose for a fourth consecutive day and is higher by 3% from last week’s Grexit anxiety lows. It now stands 1.22% away from its all-time high. […]
My Gut Feeling For Today, November 11, 2014: Happy Singles Day
Yesterday I advocated being invested in technology and the tech heavy Nasdaq 100 (NDX). Today I will reiterate my call to commit capital to Chinese Internet Stocks, the New Four Horsemen of the NASDAQ.That was of course also in preparation for the Alibaba (BABA) IPO. Today is Singles Day in China while it is Veterans […]