Archive for October, 2016

Berkeley Professor Claims Clinton Email Investigation Nothing More Than A Sexist “Bitch Hunt”

Courtesy of ZeroHedge. View original post here.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Today’s college-related article is not about safe spaces, macro aggressions and trigger warnings. Rather, it’s about a remarkably stupid claim made by Robin Lakoff (a professor of linguistics at the University of California, Berkeley), that the entire email scandal plaguing Hillary Clinton is a nothing more than a vast patriarchal driven conspiracy manufactured by men for the sole purpose of taking down a strong and powerful woman. No, I’m not kidding.

Here are a few excerpts from the delusional Time published article, Hillary Clinton’s Emailgate Is an Attack on Women:

‘It’s not about emails; it’s about public communication by a woman’

I am mad. I am mad because I am scared. And if you are a woman, you should be, too. Emailgate is a bitch hunt, but the target is not Hillary Clinton. It’s us.

The only reason the whole email flap has legs is because the candidate is female. Can you imagine this happening to a man? Clinton is guilty of SWF (Speaking While Female), and emailgate is just a reminder to us all that she has no business doing what she’s doing and must be punished, for the sake of all decent women everywhere. There is so much of that going around.

If the candidate were male, there would be no scolding and no “scandal.” Those very ideas would be absurd. Men have a nearly absolute right to freedom of speech. In theory, so do women, but that, as the creationists like to say, is only a theory.

Clinton’s use of a personal server has not been found to be a crime. Then how is it that so many have found the charge so easy to make, and make stick? How has her use of the server made plausible all the claims that she is “deceptive” and “untrustworthy”?

It’s not about emails; it’s about public communication by a woman in general. Of course, in the year 2016, no one (probably not even The Donald) could make this argument explicitly. After all, he and his fellow Republicans are not waging a war on women. How do we know that? They have said so. And they’re men, so they must be telling the truth.

But here’s Hillary Rodham Clinton, the very public stand-in for all bossy, uppity and ambitious


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Bank Of Japan Leaves Policy Unchanged; Warns Growth, Inflation Outlook Skewed To Downside

Courtesy of ZeroHedge. View original post here.

Expectations for the BoJ meeting tonight were for no change (and perhaps lowering its inflation and growth outlooks) and markets were braced for a whole lot of nothing with overnight USDJPY vol at its lowest of the year (for a BoJ meeting). Sure enough that is what they got. “No change” across anything policy but cuts to inflation expectations (as well as warnings of a downside skew for growth) left the yen slightly higher.

  • Bank of Japan Keeps 10-Year JGB Yield Target About 0%
  • BOJ Maintains Policy Balance Rate at -0.1%
  • BOJ Board Votes 7-2 to on Neg Rate
  • BOJ FY2017 Core CPI Forecast Is 1.5%; Prev. Forecast 1.7%
  • “With regard to the risk balance, risks to both economic activity and prices are skewed to the downside.”
  • BOJ isn’t seeing any near term turnaround for exports. Says sluggishness is expected to remain “for some time.”

There was some chaos in Nikkei Futures ahead of The BoJ…

Since The BoJ unleashed its curve-management plan, things have been oddly stable…

While Yen has weakened around 4 handles…

Banks have gone nowehere…

As the yield curve has remained relatively flat…

And managing 10Y yields appears to be holding for now…

But while levels/prices may look stable, as Goldman notes, JGB market functionality has already deteriorated and we expect it to continue to deteriorate under the yield curve control, as long as the BOJ continues with the current monetary policy.

Bond market functionality has been deteriorating even prior to the introduction of yield curve control in late September. In the BOJ’s bond market survey, the DI for bond market functionality deteriorated to -46 in August 2016, as compared to -25 in February 2015, when the survey first started (see Exhibit 3). Deterioration in the DI was particularly noticeable after the adoption of the negative rate policy.

Exhibit 3: DI on Bond market functionality


Source: BOJ

With the addition of 10-year JGB yield control on top of the negative interest rate policy, we expect long-term rates to become more “fixed” and market functionality to decline even further. Already, on October 19, an entire day went by with no transactions made in newly issued 10-year JGBs (according to the Japan Bond Trading Co.). This is the first time in 13 months,


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17 Shot Dead As Chicago Records Deadliest Weekend Of 2016

Courtesy of ZeroHedge. View original post here.

After a summer of extreme violence, homicides in Chicago were supposed to slow down going into the fall and winter months.  But, that certainly does not appear to be happening as the city just recording its most violent weekend of the entire year with 52 people shot and 17 of them killed.  This weekend’s violence brings the tally of year to date killings in Chicago to 646, an annual run-rate which implies the most violent year since the mid-90s.

According to the Chicago Tribune, of the 17 victims from this weekend’s violence, 7 of them were under the age of 20, with the youngest victim being only 14.

The weekend toll also was deadlier than the three long summer holiday weekends when violence typically spikes because of the warm weather. Six people were fatally shot over the Memorial Day weekend, five over the Fourth of July weekend and 13 people over Labor Day weekend, according to Tribune data.

This past weekend there were shootings in every area of the city but the Far North and Northwest sides, according to police. Of the 17 people who were killed, seven were younger than 20.

The youngest was 14-year-old Demarco Webster Jr., described by his grade school principal as one of her best students. Demarco had planned to run for student council and try out for basketball, and he was being recruited for an NAACP leadership program.

A little more than 24 hours later, 17-year-old twins Edward and Edwin Bryant were killed in an apparent drive-by shooting in Old Town. Police responding to calls about gunfire found one of the boys lying on the sidewalk in the 400 block of West Evergreen Avenue and another around the corner in the 1300 block of North Hudson Avenue.

“The two brothers, as far as we can tell, they didn’t have any documented gang affiliation,” said Johnson, who noted police recovered video of the shooting. “But the individuals they were with did.”

While journalists suggested that the police department was caught off guard by gang violence linked to large crowds around Wrigley Field, police Superintendent Eddie Johnson insists that extra resources were deployed to the most dangerous neighborhoods around Chicago.

“It was a tough weekend, but


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FBI Finds No Links Between Trump And Russia, Probing Manafort Instead

Courtesy of ZeroHedge. View original post here.

With the FBI accused of pushing the Clinton campaign, which as recently as a week ago was seen as invincible as it stormed toward the November 8 presidential election, over the proverbial cliff, it was perhaps inevitable that in order to preserve the appearance of impartiality the Bureau would proceed with a probe of Trump’s own campaign. And, according to NBC which cited law enforcement and intelligence sources, it has done so by focusing on Trump’s former campaign manager Paul Manafort, and specifically his foreign business connections.

The news of the inquiry, which has not blossomed into a full-blown criminal investigation, emerges just days after FBI Director James Comey’s disclosure that his agency is examining a new batch of emails connected to an aide to Hillary Clinton. It also comes a day after Senate Majority Leader Harry Reid criticized Comey’s revelation and asserted that Comey possesses “explosive information about close ties and coordination between Donald Trump, his top advisors, and the Russian government.”

As a reminder, Manafort, who resigned as Donald Trump’s campaign manager in August, was previously an international political consultant. He became a liability for the Trump campaign amid reports of his involvement with a pro-Russian political party in Ukraine. One damaging New York Times story earlier this year alleged the party had earmarked more than $12 million in under-the-table cash payments, raising questions about whether Manafort had run afoul of U.S. lobbying laws that would he require he register as  “foreign agent” with the Justice Department.


Manafort’s name in an alleged payment ledger

What received far less focus at the time of Manafort resignation, is that as part of the probe, the FBI was also looking into the PR firm of John Podesta’s brother, the Podesta Group founded by prominent democrat Tony Podesta.

But back to Manafort, and the NBC story, which in retrospect is merely a regurgitation of a CNN report from August 19, which reported the exact same thing over two months ago: the FBI did not comment. Manafort told NBC News “none of it is true … There’s no investigation going on by the FBI that I’m aware of.” He said he had never had ties to Russian president Vladimir Putin, or had dealings with Putin and his government. He said any suggestion of


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The secret explosive connection between TRUMP and RUSSIA exposed

Courtesy of ZeroHedge. View original post here.

The last few days have certainly been historic for American politics!  Contrary to what the Mainstream Media, Democrat controlled White House, Senate, and other powerful groups are saying – this election is a unique, unprecedented, history making, game changing, paradigm shifting, superbowl of superbowls.  As we explain in our best selling book Splitting Pennies, and as eloquently described today by Peter Thiel – the main reason for problems in America is simple; hyperinflation.  If you haven’t yet watched, this groundbreaking public speech supporting a renegade non-Elite candidate by an Elite himself (although, controversial) check it out here on Zero Hedge or here on Bloomberg, and in summary:

AMERICA’S OVERPRICED HEALTH CARE SYSTEM MIGHT HELP SUBSIDIZE THE REST OF THE WORLD, BUT THAT DOES NOT HELP AMERICANS WHO CANNOT AFFORD IT AND THEY HAVE STARTED TO NOTICE. OUR YOUNGEST CITIZENS MAY NOT HAVE MEDICAL BILLS, BUT THEIR COLLEGE TUITION KEEPS ON INCREASING FASTER THAN THE RATE OF INFLATION, ADDING MORE EVERY YEAR TO OUR $1.3 TRILLION MOUNTAIN OF STUDENT DEBT. AMERICA HAS BECOME THE ONLY COUNTRY WHERE STUDENTS TAKE ON LOANS THEY CAN NEVER ESCAPE, NOT EVEN BY DECLARING BANKRUPTCY. STUCK IN THIS BROKEN SYSTEM, MILLENNIALS ARE THE FIRST GENERATION THAT EXPECT THEIR OWN LIVES TO BE WORSE THAN THE LIVES OF THEIR PARENTS. WHILE AMERICAN FAMILY EXPENSES HAVE BEEN INCREASING RELENTLESSLY, THEIR INCOMES HAVE BEEN STAGNANT. IN REAL DOLLARS, IMMEDIATE HOUSEHOLD MAKES LESS MONEY TODAY THAT MADE 17 YEARS AGO. NEARLY HALF OF AMERICANS WOULD NOT BE ABLE TO COME UP WITH $400 IF THEY NEEDED IT FOR AN EMERGENCY. YET, WHILE HOUSEHOLDS STRUGGLED TO KEEP UP WITH THE CHALLENGES OF EVERYDAY LIFE, THE GOVERNMENT IS WASTING TRILLIONS OF DOLLARS ON TAXPAYER MONEY ON FARAWAY WARS. RIGHT NOW, WE’RE FIGHTING FIVE OF THEM. IN IRAQ, SYRIA, LIBYA, AND SOMALIA.

Thiel may be a closet Genius hitting the nail right on the head with this short characterization of the


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An amazing stat

 

An amazing stat

Courtesy of 

The Financial Times today:

The assets of the world’s largest 500 fund managers have fallen for the first time in five years as investment houses continue to grapple with outflows from some of their biggest clients.

Total assets fell by $1.4tn to $76.7tn — the first decline in funds under management since 2011, with European investment houses experiencing the biggest falls…

According to the research, the assets held by US fund managers fell 1.1 per cent to $44tn in the year to the end of 2015, while assets managed by European managers fell by 3.3 per cent to $25.1tn.

What’s going on? Large pools of capital are bringing the money to manage in-house, using passive vehicles in many cases or strategic beta in others. Elsewhere, globally, governments are under pressure to offset the decline in oil prices, and their sovereign wealth funds are being tapped, leading to outflows from their outside managers. It’s amazing that this is happening against the backdrop of the largest stock market on earth (the US) trading within a points of all-time highs, not to mention the global bond market at historically low yields.

I said this was where things were heading in February, but I never imagined we’d see the trend accelerate like this. This is from ‘Mediocre Asset Management is No Longer an Actual Business‘:

The new rules in the age of the internet – put up or shut up. If you’re not delivering alpha to the advisors and investors you want to use your products, then save the monthly outlook commentary and full-page ads in Barron’s for your mama.

There’s too much information available for closet indexers charging 100 basis points over the index for stock selection to continue to have a viable business. And the lesson that everyone learned 8 years ago – that a decade’s worth of alpha can be lost in a few bad months – won’t soon fade.

One of the legendary active managers still in the game, Bill Miller, agrees with this and posits that we could see an even greater shift from mediocre “closet indexers” to either passive products or real active managers. Miller thinks passive could ultimately take 70(!) percent of the world’s assets under management before it’s over. Read his take at Barry’s Bloomberg View column now.





Over Half A Trillion In M&A: October Mergers Smash All Records With $500.1 Billion In Deals

Courtesy of ZeroHedge. View original post here.

Last week David Rosenberg pointed out that mega Merger Manias like the one we are experiencing “invariably takes place at or near cycle peaks, as companies realize that they can no longer grow their earnings organically. We have just witnessed five multi-billion dollar deals this past week alone — $207 billion globally (AT&T/Time Warner; TD Ameritrade/Scottrade) in what has been the most active announcement list since 1999 … what do you know, near the tail end of that tech bull market too.”

And now that October is officially over, we can close the books on what has been an unprecedented month for M&A. According to Bloomberg, in the month when a chill was sent through the spines of corporate CFOs and their investment bankers over fears that rates are about to rise and thus make debt-funded deals more expensive, the scramble to acquire competitors went off the charts, leading to an all time high in global M&A with almost half a trillion dollars of mergers and acquisitions announced globally.

CenturyLink Inc.’s $34 billion acquisition of Level 3 Communications Inc., as well as General Electric Co.’s deal to combine its oil and gas division with Baker Hughes Inc., pushed October’s deal volumes to about $489 billion, according to data compiled by Bloomberg. That’s the highest amount for at least 12 years, topping the previous record of $471 billion in April 2007, the data show.

Deallogic had a slightly different higher October deal total, calculating that the value for mergers and acquisitions for October actually surpassed the half a trillion mark, hitting $500.1B, but the idea is the same and adds that global deal volume has only been higher during five other months in records going back to 1995. More than half of the deals have been based in the US, where M&A volume has already hit a monthly record of $321.2 billion. That’s about a third higher than the next biggest month on record, according to Dealogic.

Cited by Bloomberg TV, Bob Profusek, partner and chair of the global M&A practice at law firm Jones Day said that “every weekend recently has been busy.”

According to the Jones Day lawyer “the fundamental drivers are still there,” Profusek said. “Low growth — which is bad for most things, but it’s good for


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Watch what they do, not what they say

 

Watch what they do, not what they say

Courtesy of 

You can learn a lot about market expectations and investors’ deepest fears by watching what they do as opposed to what they say.

Many strategists and media people are operating under the assumption that “rising rates” are the biggest investor fear right now, but they have it absolutely backwards – that seems to be the last thing on our collective mind right now, judging by where we’re putting out money.

Tobias Levkovich and the Citi fund flows team looks at the year-to-date data, which shows a really stark change in investor appetites from 2015 into 2016. Some of the swings we’re seeing are absolutely bananas over the first 9 months of the year.

Here’s a sample of what we’ve seen so far in 2016…

Equity mutual fund outflows are completely unhinged – both US and global funds:

Total equity funds posted cumulative outflows of $158.41 billion through September down from the outflows of $9.38 billion during the first nine months of 2015.

US oriented funds experienced cumulative outflows of $149.76 billion during the first nine months of 2016, meaningfully worse than the cumulative outflows of $113.47 billion that were recorded over the same period in 2015.

Add in equity ETF inflows and the number gets a bit better, but it’s still a scary swing versus the comparable period last year:

YTD through September 2016, combined equity mutual funds and ETFs recorded cumulative outflows of $72.94 billon vs inflows of $87.12 billion attracted over the first nine months of 2015 with both domestic and international flows suffering.

So what the hell are they doing with that money? I mean, besides paying their higher health care costs? Is it piling up in cash? Not exactly. Here’s money market funds:

Year-to-date, money market funds have seen outflows of $82.01 billion versus outflows of $62.26 billion in the first nine months of 2015…In [all of] 2015, money markets attracted inflows of $21.46 billion. For the full-year 2014, money market funds recorded cumulative inflows of $6.24 billion. In 2013, money market funds attracted inflows of


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48% Of Russians Fear Syrian Conflict Will Lead To World War III

Courtesy of ZeroHedge. View original post here.

A recent Russian polls revealed something disturbing: according to almost half of the respondents, the deteriorating relations between Russia and the West caused by the ongoing crisis in Syria could develop into a global military conflict. As RT reports, the share of those who see the probability of World War III in the near future as high or very high is now at 48% and those who appraise it as low or very low comprise 42% of Russian society, according to the privately-owned public opinion research center Levada. The remaining 10% of respondents said they couldn’t give a simple answer to the question.

Another question revealed that Russians are skeptical there will be a peaceful solution to the Syrian crisis, with a greater number seeing a non-violent outcome as more likely than not: when poll respondents were asked if they considered it possible that Russia and the West would eventually find a mutually acceptable solution to the crisis, 35% answered that this scenario was likely or very likely. Thirty-nine percent evaluate the probability of such an outcome as low or very low and 26 percent said that they couldn’t answer the question.

Perhaps indicative of Russia’s clinical nationalism, just over half, or 52%, of Russians said they approve of their country’s involvement in the Syrian conflict while 26%  said they had a negative or sharply negative attitude to this. Just under a quarter – 23 percent – couldn’t answer the question about their personal view on the subject. Those who thought that Russia should continue the operation and those who thought that airstrikes should be stopped were divided 49 percent against 28 percent respectively, with 24 percent finding the question too difficult to answer.

A similar poll conducted a year ago by the Levada Center showed that over 70% of Russian citizens supported the air operations against IS terrorists in Syria, and almost a half of them agreed that it was right for Russia to support the government of Syria’s democratically-elected President Bashar Assad.

A different poll conducted earlier this month by the state-run research center VTSIOM showed that 73% of Russians believed that Western criticism of the air force’s counter-terrorism operation in Aleppo, Syria, was ungrounded and prejudiced. Only 6 percent said the allegations of wrongdoing on the part of the Russian


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Equity Research for Technology Professionals at The Wharton School

By Bajikar Tech Investor. Originally published at ValueWalk.

Published on Oct 22, 2016

Overview presentation of the book titled “Equity Research for the Technology Investor – Value Investing in Technology Stocks“, written by Sundeep Bajikar. Presentation made to MBA students at The Wharton School in San Francisco. Special thanks to Steve Hernandez of Wharton’s MBA Career Management Program.

Equity Research for the Technology Investor

The post Equity Research for Technology Professionals at The Wharton School appeared first on ValueWalk.

Sign up for ValueWalk’s free newsletter here.





 
 
 

Phil's Favorites

Why are Atlantic and Gulf coast property owners building back bigger after hurricanes?

 

Why are Atlantic and Gulf coast property owners building back bigger after hurricanes?

Surf threatens beach houses on Dauphin Island, Alabama, September 4, 2011 during Tropical Storm Lee. AP Photo/Dave Martin

Courtesy of Eli Lazarus, University of Southampton and Evan B. Goldstein, University of North Carolina – Greensboro

U.S. coastal counties are densely populated and extensivel...



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Zero Hedge

Russian And South Korean Fighter Jets Face Off In "Mid-Air Confrontation"

Courtesy of ZeroHedge. View original post here.

For the first time since the fall of the Soviet Union, Russian jets flying through South Korean airspace provoked the South Korean military into a "midair confrontation" that involved firing hundreds of warning shots. All told, South Korean jets fired 360 machine-gun rounds and at least 20 flares, Bloomberg reports.

Three Russian military planes (two Tu-95 bombers and one A-50 airborne early warning and control aircraf...



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Insider Scoop

The Daily Biotech Pulse: Acadia Schizophrenia Drug Fails, Viveve Plummets, Eisai Gets Breakthrough Therapy Designation

Courtesy of Benzinga.

Here's a roundup of top developments in the biotech space over the last 24 hours.

Scaling The Peaks

(Biotech stocks hitting 52-week highs on July 22)

  • Acasti Pharma Inc (NASDAQ: ACST)
  • Apellis Pharmaceuticals Inc (NASDAQ: APLS)
  • Arcturus...


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Kimble Charting Solutions

Is Crude Oil Sending a Bearish Message to the Stock Market?

Courtesy of Chris Kimble.

Crude Oil (NYSEARCA: USO) and the S&P 500 Index (INDEXSP: .INX) have peaked and bottomed together several times in the past 9 months. See points (1) and (2) on the chart above.

In summary, the correlation between Oil and the stock market has been quite interesting and demands investors attention.

Crude Oil has been creating lower highs of late and is breaking price support at (3).

If the correlation remains the same, Crude Oil may very well be sending a bearish message to stocks.

Tricky spot for active investors – careful here.

...

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Chart School

RTT Plus Chart Book (Sneak Peak)

Courtesy of Read the Ticker.

The magic of support and resistance channel lines and how they direct price. Here are some chart disclosed to members via the RTT Plus service. All charts are a few weeks old. 


XAU bound by parallel channel lines.


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Newmont Mining support from Gann Angles.



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US Dollar index (DXY) dominate cycle ...

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Digital Currencies

Cryptos Suddenly Panic-Bid, Bitcoin Back Above $10k

Courtesy of ZeroHedge. View original post here.

Following further selling pressure overnight, someone (or more than one) has decided to buy-the-dip in cryptos this morning, sending Bitcoin (and most of the altcoins) soaring...

A sea of green...

Source: Coin360

Bitcoin surged back above $10,000...

Ethereum bounced off suppo...



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Biotech

DNA testing companies offer telomere testing - but what does it tell you about aging and disease risk?

Reminder: We're is available to chat with Members, comments are found below each post.

 

DNA testing companies offer telomere testing – but what does it tell you about aging and disease risk?

A telomere age test kit from Telomere Diagnostics Inc. and saliva. collection kit from 23andMe. Anna Hoychuk/Shutterstock.com

Courtesy of Patricia Opresko, University of Pittsburgh and Elise Fouquerel, ...



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ValueWalk

Professor Shubha Ghosh On The Current State Of Gene Editing

 

Professor Shubha Ghosh On The Current State Of Gene Editing

Courtesy of Jacob Wolinsky, ValueWalk

ValueWalk’s Q&A session with Professor Shubha Ghosh, a professor of law and the director of the Syracuse Intellectual Property Law Institute. In this interview, Professor Ghosh discusses his background, the Human Genome Project, the current state of gene editing, 3D printing for organ operations, and gene editing regulation.

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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