Archive for 2016

News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Stock index futures point to lower open (Business Insider)

U.S. stock index futures were lower in early trading, indicating Wall Street may open with losses on Monday, the first trading day after the worst mass shooting in U.S. history.

Five Questions for Janet Yellen (Bloomberg)

Next week's meeting of the Federal Open Market Committee (FOMC) includes a press conference with Chair Janet Yellen. These are five questions I would ask if I had the opportunity to do so in light of recent events.

Economics Struggles to Cope With Reality (Bloomberg View)

There are basically four different activities that all go by the name of macroeconomics. But they actually have relatively little to do with each other. Understanding the differences between them is helpful for understanding why debates about the business cycle tend to be so confused.

Here's how much of the population is considered high-income in 19 major US cities — and what they earn (Business Insider)

According to the Pew Research Center, the middle class is shrinking — and as a result, the upper class in growing.

The housing market is trapped (Business Insider)

The housing market is in a pickle.

Credit card debt could hit $1 trillion by the end of 2016 (Market Watch)

With the economy improving and driving up consumer confidence, many people are spending more but shirking basic responsibilities like paying their credit card bills. If things continue at this rate, U.S. households will accumulate $1 trillion in outstanding debt by the end of 2016, the most ever, according to a study by credit card search and comparison website, CardHub. But some experts say it isn’t yet a worrisome trend.

Something unexpected is happening at Chipotle (Business Insider)

If you've recently found yourself battling lines at your local Chipotle, you aren't alone.

BrandIndex Chipotle

Saudi Seeks International Investors for Two Solar Plants (Fortune)

Saudi Arabia is seeking international investors to build


continue reading





Yuan Headed for New Low vs. US Dollar?

Courtesy of Mish.

The rally in the Yuan from January through mid-March has mostly been erased.

If the yuan continues to sink, protectionists in the US will howl.

Included in the protectionist group are Donald Trump, president Obama, Hillary Clinton, and Bernie Sanders, to varying degrees. Trump is the leader of the protectionist group.

Yuan Falls Most in Two Months

Bloomberg reports Yuan Falls Most in Two Months as Trading Resumes After Holidays.

The yuan headed for its biggest loss in two months as the currency traded for the first time since Wednesday.

The yuan lost 0.4 percent to 6.5879 at 10:04 a.m. in Shanghai, approaching a five-year low against the dollar. A gauge of the greenback’s strength climbed 1.1 percent when mainland markets were closed for holidays. The central bank set the reference rate 0.3 percent weaker.

“There is a high chance the yuan will break the January low,” said Wang Ju, senior foreign-exchange strategist at HSBC Holdings Plc. “The fundamentals for the yuan are weak: the economy is slowing and capital is flowing out of China.”

Yuan vs. US Dollar

yuan vs USD 2016-06-12

The yuan is down about 8.5% since 2014.


Continue reading here…





Markets In Turmoil As Brexit Fears Mount And Japan, China Data Tumbles

Courtesy of ZeroHedge. View original post here.

FX, equity, and bond markets are in turmoil as Asian markets begin trading with Japan ugly, Sterling getting spanked, China devaluing FX (stocks down hard), and crude ($48 handle) and US equity futures (Dow -70) extending losses (as bond markets are all tumbling to record low yields). The hangover from further brexit concerns is not helped by the weakness in Japanese and Chinese data tonight.

First Japanese manufacturing data was a disaster…

Then Chinese data largely disappointed. A “meet” in Industrial Production – hovering at multi-year lows…

*CHINA MAY INDUSTRIAL OUTPUT RISES 6.0% FROM YEAR EARLIER

Retail Sales missed…*CHINA MAY RETAIL SALES RISE 10.0% FROM YEAR EARLIER (lowest since 2006)

And FAI missed… *CHINA JAN.-MAY FIXED-ASSET INVESTMENT EXC. RURAL RISES 9.6% (lowest since 2000)

And if the anxiety over global growth and Brexit were not enough, this China data has sparked even more turmoil in markets as Asia gets going…

First, Japan…

  • *JAPAN’S TOPIX INDEX EXTENDS DROP TO 3%; NIKKEI 225 FALLS 3%

Japanese stocks shorts biggest since 2008…

And Japanese 10Y Yields record lows (along with 20Y and 5Y)…

But it’s not just Japan, Germany, and Switzerland…

  • TAIWAN 10-YR GOVT BOND HITS RECORD LOW OF 0.76%

In China, as we could have guessed by Bitcoin’s surge, the Yuan is tumbling…

PBOC devalues the Yuan fix by over 2 handles – back near 5 year lows…

As the Yuan basket plunged to lowest since Nov 2014

Chinese stocks are down most in 6 weeks:

  • *HANG SENG INDEX FALLS 2%
  • *CHINA’S SHANGHAI COMPOSITE INDEX FALLS 1.3% TO 2,889.91 AT OPEN

And anything Brexit-related…

Cable at 2mo lows…

Sterling shorts biggest in 3 years…

and GBPJPY is a bloodbath… Pound plunging to lowest since Aug 2013…

And finally, gold is holidng its recent gains…

Which must be very upsetting for The BIS. Given this much turmoiling, one can only imagine the central bank efforts to make sure Monday opens green on the NYSE.

Charts: Bloomberg





Bill & Hillary Clinton: Republicans’ Fifth Column In Democratic Politics

Courtesy of Ben Tanosborn

(With emphasis in bold by Zero Hedge, as posted here.)

Forty days left until the Democratic Party’s convention in Philadelphia, and Bernie, just like Jesus did two millennia ago, will be trying to find answers in solitude… and fight temptation from the devil of “accommodating politics.”  Jesus would do it, according to the Gospels, in the wilderness without food; Bernie is likely to do it at home, in pretty Burlington (Vermont), keeping a normal diet and the company of a smart phone.

The demonstration of affection for progressivism by Democrats and honest-to-heart Independents was dealt a heavy blow by Tuesday’s election results; results likely to be reinforced by President Obama’s imminent endorsement of Hillary Clinton… triggered by a battle cry urgency to stop this 2016-boogeyman, Donald Trump, from branding the nation as his psycho-political casino:  Fantasy-Trump-America.

It’s beginning to look as if the $200 million spent by Bernie believers to bring about and promote a progressive sociopolitical agenda for America may prove not to have been in vain, as the voice of progressivism that Clinton-Husband silenced in the 1990’s, might not  remain totally muzzled in Clinton-Wife’s prospective centrist-right platform.

Resurgent progressivism and loyal conservatism both appear to be undergoing painful castration in this 2016 presidential election; one by undemocratic and corrupt insider party politics, the other by the uglier face of bigoted-populism which might represent well over 25 percent of the nation’s population.  No, folks… not 5, 10 or 15 percent, but upwards of a quarter, maybe a third! This populism is responding to a demographic change in America of major transformational proportions; populism with a latent bigotry now finding an opportunity to surface as champion-du-jour, Donald Trump, singularly leads the way in “finally!” making acceptable both the vocalization and the behavior that up to now has been considered taboo, politically incorrect.   

Once again we are politically marching towards another presidential election with the limited prospect of choices, most based on aesthetics, not substance; a chance to select the proverbial lesser evil or failing to select at all.  Next January, either odious-Donald or odious-Hillary will be taking up White House residency, Johnson (Libertarian) and Stein (Green) having only non-critical influence in the outcome of the election thanks to our electoral system.  And that brings us to


continue reading





Workaholic? This Study Finds You May Have Other Issues

Courtesy of ZeroHedge. View original post here.

Being a workaholic comes along with being grown up and having responsibilities (well, it comes along with it for some people). Late nights out at the bar turn into firing up the laptop and putting the finishing touches on that presentation that is due first thing in the morning, weekends that used to be filled with keggers turn into all day working sessions just to catch up on all of the emails that got missed during the week – it happens (even if one works at the US Treasury, but only on occasion don't be alarmed).

However, there is a rather disturbing study that the World Economic Forum reported earlier in the month that may convince some to schedule that vacation that's been put off for the last decade.

As the WEF reports, a study of 16,426 working adults in Norway found that those with workaholism are significantly more likely to have psychiatric symptoms.

From the WEF

Psychology researchers, led by Cecilie Schou Andreassen from the University of Bergen in Norway, found a strong link between workaholism and ADHD, OCD, anxiety, and depression. They found:

-32.7% of workaholics also met ADHD criteria, compared to 12.7% of non-workaholics

-25.6% of workaholics also met OCD criteria, compared to 8.7% of non-workaholics

-33.8% of workaholics also met anxiety criteria, compared to 11.9% of non-workaholics

-8.9% of workaholics also met depression criteria, compared to 2.6% of non-workaholics

The authors speculated that there are several reasons those with ADHD might suffer workaholism, including inattentiveness forcing them to spend excess hours trying to make up work, working extra hard to counter misperceptions of laziness, or working to alleviate restlessness. For those with OCD, workaholism could become a compulsion. Meanwhile, working hard is “praised and honored in modern society,” write the authors, and so could be used as a means to counter anxiety or depression.

The study, which was co-authored by researchers from Yale University and Nottingham Trent University, did not determine whether workaholism caused the psychiatric symptoms or vice versa.

Marianna Virtanen, an epidemiologist at UCL and the Finnish Institute of Occupational Health was not involved in the study


continue reading





Paul Craig Roberts On The “Frustrations Of Telling The Truth”

Courtesy of ZeroHedge. View original post here.

Authored by Paul Craig Roberts,

Some examples of the ‘abuse’ one gets when telling the truth:

If I criticize the Israeli government for abusing Palestinians and stealing their country, the Israel Lobby accuses me of being an anti-semite who wants to repeat the holocaust. In the same batch of emails, anti-semites denounce me for being too easy on Israel and covering up for the Jewish conspiracy against mankind.

When I write about the One Percent using the government to loot the economy, I receive emails blaming me because I worked for Reagan “who started it all by cutting tax rates for the rich.” These people have no conception of supply-side economics, its purpose, success, and the way it prepared the way for Reagan to negotiate the end of the Cold War. At one point in their lives they read a left-wing screed against Reagan, and that is the extent of their understanding. But they are full of blind hate.

When I write about Washington’s crimes against other countries, I receive emails asking me where I was during Iran-Contra and Grenada. Apparently, they think that a Treasury official can run the State Department and Pentagon. Some of the readers are so confused that they think Reagan overthrew Allende in Chile. Alllende was overthrown in 1973. Reagan was inaugurated in 1981. It is dispiriting that there actually are people this ignorant and so proud of it that they will accuse me of helping Reagan to overthrow Allende.

When I point out the dangers of the reckless folly of Washington’s aggressions against Russia, China, and the independent Muslim world, superpatriots denounce me for being anti-American. There is a stratum of the US population that thinks that it is a criminal act to disbelieve the government or to question its judgment and motives. “You are with us or against us.”

When I document the death of the US Constitution and the rise of the American Police State, “law and order” conservatives admonish me that the police state only appies to terrorists and criminals and does not apply to law abiding citizens. They are convinced that Snowden and Assange are traitors, and no amount of evidence or reason can convince them otherwise. Neither can they be convinced that in the 21st century, law has become a


continue reading





This Is What The Unprecedented Chinese M&A Scramble In America Looks Like

Courtesy of ZeroHedge. View original post here.

The raging need for Chinese oligarchs and corporations to park their cash offshore, and as far away as possible from the the mainland and the risk of sudden, sharp (10%-15%) devaluation, has resulted in not only an epic Vancouver housing bubble, or the predicted parabolic surge in bitcoin price (which has soared by 50% in just a few weeks), but an unprecedented M&A spree for US-based assets. We profiled as much in late March in a post titled “Eight Things The Chinese Are Scrambling To Buy In America.”

And while overall M&A in the US is down substantially YTD, sliding 28% by volume (but only 4% in number of deals) mostly as a result of the volatile market in the early part of the year as well as the chilling effect of Congressional crackdown on tax-inversion deals (such as the pulled Pfizer-Allergan mega-merger), and the lack of any blockbuster mega-cap (>$25 billion) deals, China not only refuses to go away, but the level of Chinese cross-border M&A chasing after US targets is literally off the charts.

Here are the details from Goldman:

Cross-border, while down in aggregate, continues to gain share at 34% of total YTD volumes (a 6-year high). While the distribution of acquirers and targets remains relatively well diversified, one trend has been increased Chinese volumes. Notably, China has accounted for 26% of global cross-border activity YTD, which is nearly 3x higher than the next highest year (2013).

While the vast majority of US targets continue to be bought by US acquirers, there has been a trend towards international purchasers, particularly from China, in recent years (see Exhibit 5). At $28 bn YTD, US-inbound deal flow from Chinese acquirers is already a record level and nearly 2x last year’s volumes ($17 bn). On the flip side, there have been relatively few deals of US acquirers going after Chinese targets, which is a change vs. the last M&A cycle in 2004-2008. See Exhibit 6.

So is it time to panic yet? No, first China has to buy Rockefeller Center, because what is taking place now is nothing that didn’t take place almost 30 years ago when Japan was likewise facing a comparable epic liquidity bubble and unleashed a massive wave of US-based


continue reading





Central Banks & Governments and their gold coin holdings

Courtesy of ZeroHedge. View original post here.

Within the world of central bank and government gold reserves, there is often an assumption that these gold holdings consist entirely of gold bullion bars. While this is true in some cases, it is not the fully story because many central banks and governments, such as the US, France, Italy, Switzerland, the UK and Venezuela, all hold an element of gold bullion coins as part of their official monetary gold reserves.

These gold coin holdings are a legitimate part of gold reserves since under International Monetary Fund (IMF) definitions, “monetary gold consists of gold coins, ingots, and bars”. In central banking parlance, monetary gold is simply gold that is held by a central bank or government as a reserve asset. Other central bank reserve assets include foreign exchange holdings and holdings of IMF Special Drawing rights.

Elsewhere in IMF definitions, it is stated that “monetary gold is generally construed to be at least 995/1000 pure. Many government and central bank gold coin holdings consist of previously circulated gold coinage. Since gold coins often had  - and still have – a purity of less than 99.5% gold due to the addition of metals for added durability, this ‘generally construed’ leeway in the IMF definition is undoubtedly a practical consideration that allows gold coins to be classified as monetary gold.

Central banks and governments hold gold for the same reasons that private citizens hold gold. Gold is real money with no counterparty risk, gold is a store of value, and gold is a safe haven asset. In general, central banks and governments are as happy holding bullion in gold bar form as in gold coin form. This is because physical gold is physical gold, and a gold coin and a gold bar will both provide their holders with the same benefits and protections. Only the physical form differs. In practice, the types and quantities of gold coins held by central banks and governments are extensive and varied as a quick tour d’horizon reveals.

Starting with the largest official sector gold holders, 3 of the top 5 gold holding countries have substantial gold coin holdings in their claimed reserves. The Banque de France, the guardian of France’s gold reserves, holds 2435.4 tonnes of gold consisting of a massive 100 tonnes of gold coins, and 2,335 tonnes


continue reading





Big Names Are Bailing

Courtesy of John Rubino of DollarCollapse

The list of heavy hitters who are saying bad things about this world and its financial markets — while acting aggressively on their pessimism — is growing to alarming proportions. A few examples:

Stan Druckenmiller: The bull market is exhausted; move to gold

(MineWeb) – Legendary investor Stan Druckenmiller, founder of Duquesne Capital Management LLC, told the Sohn Investment Conference in New York last week that he is bullish on gold and bearish on the stock market. Gold, he told the conference, “is our largest currency allocation.”

Druckenmiller recommended that investors sell their equity holdings. “The bull market is exhausting itself,” he told the conference. A major factor has been the Federal Reserve’s easy money policy, which has resulted in “reckless” corporate behavior.

Growing corporate debt is increasingly used for financial engineering, rather than in R&D that could lead to productivity improvements, Druckenmiller said. According to him, from 2012 to 2015, use of debt for U.S. nonfinancial firms for stock buybacks and M&A increased from $1.25 trillion to $2 trillion, while debt for R&D and office equipment grew from $1.55 trillion to only $1.8 trillion.

“The corporate sector today is stuck in a vicious cycle of earnings management, questionable allocation of capital, low productivity, declining margins and growing indebtedness,” Druckenmiller added.

The slowing Chinese economy as another reason to sell equities, according to Druckenmiller. He believes that stimulus measures by China have “aggravated the overcapacity in the economy.” While he had hope two years ago that the Chinese were willing to accept the tradeoff of a slowdown to gain reform, the Chinese “have opted for another investment-focused fiscal stimulus, which may buy them some time but will exacerbate their problem. They do not need more debt and more houses.”

Instead, Druckenmiller has made a move to gold. “It has traded for 5,000 years and for the first time has a positive carry in many parts of the globe as bankers are now experimenting with the absurd notion of negative interest rates,” he said. “Some regard it as a metal, we regard it as a currency, and it remains our largest currency allocation,” he added. Among his investments are holdings in the SPDR Gold Trust.

A Bearish George Soros


continue reading





The Media Asks: Can Trump Defeat The Clinton All-Star Team

Courtesy of ZeroHedge. View original post here.

When it comes to Donald Trump and his bid for the presidency, what has become a recurring theme is that at every step along the way, people have underestimated him.

Nobody gave The Donald a real shot at lasting very long in the Republican primaries, let alone outlasting the establishment favorite Jeb Bush – that alone sent everyone’s head on a swivel. After that, nobody gave Donald a real chance to finish off the race against Ted Cruz and John Kasich, everyone kept waiting for Trump to trip over his own comments or tweets, but that time never came. The establishment got so concerned that an alliance was even brokered between Cruz and Kasich in order to make one last effort to stop Trump, and once again that effort failed miserably.

Now that Trump is presumably going to be the GOP candidate that faces off against Hillary (assuming Clinton doesn’t somehow lose superdelegates to Sanders during the convention or get indicted first) for the presidency, the media once again is framing Trump as the significant underdog.

The latest narrative as reported by The Hill is that Trump will struggle to find anyone to campaign for him, or anyone with a “name for themselves” at least. It is pointed out that Clinton plans to send all of the heavy hitters out to campaign, a literal establishment All-Star team. With the likes of Michelle Obama, President Obama, Bill Clinton, and Elizabeth Warren out there advocating to the masses for Hillary, how could it be humanly possible for Trump to prevail in November.

After all, no big name Republicans have signed on to back Trump, at least not in earnest. The war hero comments about John McCain have pissed him off to the point where Trump can’t rely on that support, Mitt “trickle down racism” Romney has already made it known where he stands on the matter of supporting Trump, and former hopefuls Ted Cruz and Marco Rubio have been lukewarm on Trump at best, and likely won’t sign up to truly be a friend to the Trump campaign during the summer and fall.

So who is left to help Trump? The Hill brings up New Jersey governor Chris Christie as one option, although Christie’s approval has been down in his


continue reading





 
 
 

Zero Hedge

Americans' Economic Hope Has Collapsed

Courtesy of ZeroHedge. View original post here.

Which came first, the confidence or the stock market rally?

One thing is for sure, the crash in stocks in December has crushed the hope of Americans that their economic future is going to be better under President Trump.

Overall confidence dipped to 58.1 - a 4-month low, but, U.S. consumers this month were the most downbeat on the economy since November 2016, a third straight drop after expectations reached a 16-year high just three months earlier, as the partial government shutdown wears on toward a fourth week.

...



more from Tyler

Kimble Charting Solutions

Triple Breakout Test In Play For S&P 500!

Courtesy of Chris Kimble.

Is the rally of late about to run out of steam or is a major breakout about to take place in the S&P 500? What happens at current prices should go a long way in determining this question.

This chart looks at the equal weight S&P 500 ETF (RSP) on a daily basis over the past 15-months.

The rally from the lows on Christmas Eve has RSP testing the top of a newly formed falling channel while testing the underneath side of the 2018 trading range and its falling 50-day moving average at (1).

At this time RPS is facing a triple resistance test. Wil...



more from Kimble C.S.

Phil's Favorites

Brexit deal flops, Theresa May survives -- so what happens now?

 

Brexit deal flops, Theresa May survives -- so what happens now?

Courtesy of Victoria Honeyman, University of Leeds

As the clock ticks down to March 29 2019, all of the political manoeuvring, negotiating, arguing and fighting is coming to a peak. In the two and a half years since the 2016 EU referendum, views on both sides have hardened and agreement still seems as far away as it was the day after the referendum.

With Theresa May’s withdrawal agreement disliked by all sides, and voted down by an unprecedented majority in the House of Commons, everyone is wondering what can and should be done next?

...



more from Ilene

Digital Currencies

Crypto-Bubble: Will Bitcoin Bottom In February Or Has It Already?

Courtesy of Michelle Jones via ValueWalk.com

The new year has been relatively good for the price of bitcoin after a spectacular collapse of the cryptocurrency bubble in 2018. It’s up notably since the middle of December and traded around the psychological level of $4,000... so is this a sign that the crypto market is about to recover?

Of course, it depends on who you ask, but one analyst discovered a pattern which might point to a bottom next month.

A year after the cryptocurrency bubble popped

CCN...



more from Bitcoin

ValueWalk

D.E. Shaw Investment Calls For Leadership Change At EQT

By ActivistInsight. Originally published at ValueWalk.

Elliott Management has offered to acquire QEP Resources for approximately $2.1 billion, contending the oil and gas explorer’s turnaround efforts have done little to lift the company’s share price. The company responded and said that a thorough review of the proposition is imperative in order to properly act in the best interests of shareholders, “taking into account the company’s other alternatives and current market conditions.” The news came only a month after Travelport Worldwide agreed to sell itself to Siris Capital Group and Elliott’s private equity arm Evergreen Coast Capital for $4.4 billion in cash and two months after Athenahealth was bought by Veritas and Evergreen for $5.7 bi...



more from ValueWalk

Insider Scoop

UBS Says Disney's Streaming Ambition Gives It A 'New Hope'

Courtesy of Benzinga.

Related DIS Despite Some Risks, Analysts Still Expecting Double Digit Growth From Communications Services In Q4 ...

http://www.insidercow.com/ more from Insider

Chart School

Weekly Market Recap Jan 13, 2019

Courtesy of Blain.

In last week’s recap we asked:  “Has the Fed solved all the market’s problems in 1 speech?”

Thus far the market says yes!  As Guns n Roses preached – all we need is a little “patience”.  Four up days followed by a nominal down day Friday had the market following it’s normal pattern the past nearly 30 years – jumping whenever the Federal Reserve hints (or essentially says outright) it is here for the markets.   And in case you missed it the prior Friday, Chairman Powell came back out Thursday to reiterate the news – so…so… so… patient!

Fed Chairman Jerome Powell reinforced that message Thursday during a discussion at the Economic Club of Washington where he said that the central bank will be “fle...



more from Chart School

Members' Corner

Why Trump Can't Learn

 

Bill Eddy (lawyer, therapist, author) predicted Trump's chaotic presidency based on his high-conflict personality, which was evident years ago. This post, written in 2017, references a prescient article Bill wrote before Trump even became president, 5 Reasons Trump Can’t Learn. ~ Ilene 

Why Trump Can’t Learn

Donald Trump by Gage Skidmore (...



more from Our Members

Biotech

Opening Pandora's Box: Gene editing and its consequences

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

 

Opening Pandora's Box: Gene editing and its consequences

Bacteriophage viruses infecting bacterial cells , Bacterial viruses. from www.shutterstock.com

Courtesy of John Bergeron, McGill University

Today, the scientific community is aghast at the prospect of gene editing to create “designer” humans. Gene editing may be of greater consequence than climate change, or even the consequences of unleashing the energy of the atom.

...

more from Biotech

Mapping The Market

Trump: "I Won't Be Here" When It Blows Up

By Jean-Luc

Maybe we should simply try him for treason right now:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

By Asawin Suebsaeng and Lachlan Markay, Daily Beast

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the nationa...



more from M.T.M.

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 ...



more from OpTrader

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

...

more from Promotions





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...

Learn more About Phil >>


As Seen On:




About Ilene:

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.

Market Shadows >>