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, […]
“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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
When I last wrote My Gut feeling, I mentioned an anecdotal observation that the market always seem to have a poor day when my friends Mitch and Martin come to the Adirondacks for a few days of excitement at Saratoga. Well, true to form, the markets took a bath on Thursday, which as it turns […]
