The last quarter appears to hinge on whether economist’s negative expectations of an economy that has slowed from 3% to 2% growth because of tariff policies will continue to slow and then fall into a recession. For the previous 2 quarters negative earnings estimates have been below actual results. That this quarters earnings will continue… Continue reading October Stock and Fund Picks
September Stock and Fund Picks
The new dovish Fed posture requires some adjustment among income funds in my suggested portfolio of monthly paying stocks and funds (the last one is from the August post). REITS and bond funs with longer duration tend to outperform when short rates are lowered. Floating rate funds, on the other hand, have performed worse. Also,… Continue reading September Stock and Fund Picks
August Stock and Fund Picks
Week 1 -2 (Aug. 1 – 15): There are changes to my personal portfolio from July. Specifically, I’m dropping EPR and CCMNX and adding PHD and BSL. These changes are now reflected in the updated portfolio. Most stock analysts are weak at Open Economy Macroeconomics and tend to look only at the initial static effect… Continue reading August Stock and Fund Picks
July Stock and Fund Picks
Week 1 (July 1 – 5): As opposed to just kicking the can down the road and giving the Chinese spy company Huawei a life-line, the bullish bias in the market has interpreted the trade truce with China as an actual trade deal . As you know, I’m not in favor of doing any business… Continue reading July Stock and Fund Picks
June 2019 Stock and Fund Picks
Week 1 (June 3 – 7): Tariffs on Mexico that would go in effect on June 12 will be bad for Mexico, US companies staying competitive by operating in Mexico and the stock market, dovish Fed or not. Estimates of the cost of tariffs on consumers is now twice as much as the benefit from… Continue reading June 2019 Stock and Fund Picks
May Stock and Fund Picks
Week 1 – 2 (May 1 – 10): Trump trade woe’s continue. When companies buy high bang-per-buck (Productivity divided by cost) resources in foreign countries like Mexico, such as with our automobile industry, it maximizes output per cost or, equivalently, minimizes cost per unit of output. In other words, our automobile industry becomes more competitive… Continue reading May Stock and Fund Picks
April Stock and Fund Picks
Week 1 April is starting off well. Still have doubts about Trump’s trade policies, especially towards Mexico. The China problem centers around forced technology transfer, or simply technology theft by a communist government. We should never have let any of that happen. But Mexico is simply a producer with higher bang- per- buck labor resources. … Continue reading April Stock and Fund Picks
March Stock and Fund Picks
Weeks 1 – 2: Looks like things have decided to cool off and things are relatively stable. Trump and the Chinese can still cause a major disruption so be prepared. Since you can’t know when things might change and it is political rather than fundamental it is probably best to plan on holding through any… Continue reading March Stock and Fund Picks
February Stock Picks
Week 1 – 2 (Feb. 1 – 15): More trade uncertainty for March 1st and looming government shutdown #2 are on the horizon. Have been all month so haven’t wanted to commit to anything in the stock market. The Chinese will be watching the compromise bill to avert the shutdown so as to guess how… Continue reading February Stock Picks
January 2019 Stock and Fund Picks
Week 1 (Jan 1 – 8): It is hard to read the market. The Fed still wants to pair down its balance sheet by letting its bonds expire or to sell them. By not buying or selling US treasury’s it will still cause interest rates to rise. Trump still doesn’t understand the more efficient allocation… Continue reading January 2019 Stock and Fund Picks