David Stockman, former budget director for President Ronald Reagan, says “I think all hell is going to break loose,” as the result of the Trump tax cut. Past assertions indicate he expects a 40 to 70% stock market collapse, but no idea when. For Stockman it has always been about…
Investors, consumers and business owners seem to be winning on all fronts these days. Forecasts estimate 2018 dividends of $500 billion, corporate stock buybacks of over $700 billion and Mergers & Acquisitions (M&A) business of $1.3 trillion. This would be an impressive 10% of the value of the S&P 500…
Recently concern has risen over a pending low in unemployment data among other signs of a major stock market and economic top. While a bit presumptuous to assume unemployment can’t go much lower, it’s a given that when the economy peaks and heads toward a recession, unemployment will have bottomed and…
Everyone knows Tech has led the the stock market higher since Trump was elected and 2018 has again demonstrated strong tech leadership. The resplendent tech vanguard is dominated by the $3.3+ Trillion behemoths under the Jim Cramer acronym known as FAANG (Facebook, Amazon, Apple, Netflix and Google). The tech heavy Nasdaq is…
Almost a third of Banks are experiencing a spike in consumer credit card defaults to levels associated with recessions. While it could be a canary in the coal mine warning of a crisis rumbling through this strong economy, it may also be an errant spark by the feeble financial sisters supplying…
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