It looks like the Speaker of the House and our barely coherent President have cut a deal to avoid a default and once again raised the “G’s” debt limit. The Republicans get a few benefits, including more work requirements for welfare and some spending cuts. But the Dems yet again walk away with significantly more…
These two words have dominated headlines recently. While the concept of the debt ceiling is straightforward, the impact of Congress and the White House not reaching an agreement on it is much more complicated. As an investor, heed this warning from Citigroup U.S. Equity Strategist Scott Chronert: “We do not believe U.S. equities are pricing…
China is preparing for war. The past couple of months have seen headline after headline after headline about China’s military buildup — even how it could threaten more than its most well-known target, Taiwan. Bad news may be an understatement. Any armed conflict is especially scary in the modern age, where weapons and politicians alike…
Most recently, the retail sector flashed warning signs. Foot Locker crashed last week after lowering its outlook for this year. Earlier in the week, Home Depot lowered its guidance. Target warned of a possible cut to its outlook after seeing consumers shift away from discretionary spending. It’s been a tough season for retailers who are…
They say the grind never stops. It certainly doesn’t. However, with the grind never stopping… neither does time. Time is the most valuable commodity in existence, but eventually we all run out of it! The market is rather choppy as we approach a holiday weekend and a debt ceiling issue as a nation. Combine those…
I’m exhausted from flying down to Florida and back home in the span of about 30 hours, so I’ll keep my thoughts short and sweet today. Like you, I experience hurdles and successes. It’s just part of life. Yesterday, while filming an endorsement video with Kevin Harrington, we got to talking about successes and hurdles.…
Sunday morning I was having breakfast at Newark International Airport in my home state as I prepared to travel to Florida for business. We woke up early, and I just wasn’t in the mood to eat before heading out the door. So a coffee to go was my breakfast on the ride to the airport.…
There it is — I said it. You can be the most talented person on the face of this earth but if you’re not willing to put in the work, you’re just a nobody! Do you think some of the world’s greatest athletes are who they are because they got lucky? Most likely not. They…
When you’re a trader that employs a time tested strategy, you must be an action taker if you ever desire to be profitable. Often what happens is we develop an opinion and that opinion proves to be a disservice to our trading outcome. Opinions are like assholes: Everyone has one but their purpose is shit.…
As discussed yesterday, the purpose of FedNow is ingenious, at least from the exterior based on what the government is going to tell you. If you haven’t noticed through the Covid era, big businesses became for the most part cashless. In doing this, they’ve incentivized the public to download their app. Through a series of…