Archive for 2017

38 Incredible Facts About The Modern U.S. Dollar

Courtesy of ZeroHedge. View original post here.

We’ve previously showed you 31 Fascinating Facts About the Dollar’s Early History, which highlighted the history of U.S. currency before the 20th century. This was a very interesting period in which we looked at the money used by the first colonists, the extreme bust of the Continental currency, the era of privately-issued bank notes, and Congress’ emergency issuance of the fiat “greenback” during the Civil War.

However, as The Money Project – an ongoing collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature, and use of money – notes, the modern era of the U.S. dollar is just as interesting. We have it starting in 1913, when the Federal Reserve Act was passed by Woodrow Wilson. Not only did it establish a new central bank, but it also gave the Fed the authority to issue the Federal Reserve Note, which is (for now) the dominant form of U.S. currency both domestically and abroad.

Courtesy of: The Money Project

A New Legal Tender

Leading up to the 20th century, there were four main forms of U.S. currency being used:

  • Gold and silver coins
  • Gold and silver certificates
  • Commercial bank notes, issued by private banks and backed by government bonds
  • “Greenbacks”, a fiat currency declared legal by Congress to help fund the Civil War

In 1913, however, the Federal Reserve Note was authorized as U.S. currency. The new notes were supposed to be backed by gold or other “lawful money”, based on the stipulations of the Federal Reserve Act of 1913.

However, this only lasted about 20 years. By the time of the Great Depression, the Fed considered itself to be in a tight spot. It simply did not have enough gold to back all Federal Reserve Notes and Gold Certificates in circulation, and at the same time wanted flexibility with monetary policy to fight deflation and unemployment.

In 1933, the Emergency Banking Act was passed by President Roosevelt, and Executive Order 6102 was also signed. The latter move famously criminalized monetary gold, and ended the gold standard.

After


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Weekly Market Recap Jul 09, 2017

Courtesy of Blain.

Some more volatility hit late this past week but any pullback of note (Thursday) still has bulls rushing in (Friday).   Modest moves Monday and Wednesday sandwiched the holiday on Tuesday.    The “rotation out of tech” continued most of this week:

“The rotation out of tech is dominating stocks and is the overarching theme in the market,” Mike Antonelli, equity sales trader at Robert W. Baird & Co. said. “People should not mistake rotation for volatility, and I am not terribly freaked out as investors are not selling everything equally.”

“Technology has four times greater impact on the averages than oil because of technology’s massive percentage of the capitalization of the S&P,” Kent Engelke, chief economic strategist at Capitol Securities Management Inc. said. “The amount of monies required to keep the megasized technology growth issues at current levels is gargantuan.”

Wednesday saw the release of Federal Reserve meeting minutes, which indicated a reduction in the central bank’s balance sheet could begin soon.

Several members showed they’re in favor of starting a reduction of the central bank’s $4.5 trillion balance sheet. Holding those assets were part of the policy portfolio that the central bank had taken on while holding interest rates at historic lows.

A very nice upside surprise in economic data Monday as ISM’s manufacturing index rose to 57.8 in June, compared with 54.9 in the prior month, marking its highest level since 2014. A reading of 50 indicates expansion.  Thursday’s non manufacturing data was also quite nice:  the Institute for Supply Management’s nonmanufacturing index rose to 57.4 in June from 56.9 in May.

Friday’s employment data reversed some of the poorer data seen in earlier months.

The U.S. created 222,000 new jobs in June as hiring accelerated in the spring.  The increase in new jobs was the largest in four months and second biggest haul of the year.   Economists had forecast a rise of 180,000 and unemployment to hold at 4.3%.  The government also raised its estimate of new jobs created in May to 152,000 from 138,000. April’s gain was increased


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Amazon Prime Day Best Deals On One Of The Biggest Shopping Days Ever

By Jacob Wolinsky. Originally published at ValueWalk.

Tomorrow is a special holiday in America. On Monday 10th (yes the 10th not 11th is the official start), Amazon Prime Day Deals will entice shoppers to gorge on items in the great American spirit. However, unlike Black Friday there will be no running over granny to get $10 off a Tickle Me Elmo at your local Wal-Mart, but we will try our very best to revive that spirit online. If you are like me you will be hunting for deals. Full disclosure I am an Amazon addict, Audible gold? subscriber, Prime member, and Amazon affiliate partner (as disclosed elsewhere on site per FTC rules). With Prime Day approaching we all want the best deals so here is what you need to know about Amazon Prime Day Deals.

Note: No offense ladies but 85% of our readership our guys and no offense foreigners but 60% are Americans so most items will be geared towards American males (mostly wealthy ones – richer than I am), but if we find a great deal on a woman’s item we will of course post it especially as you cannot buy $1k of goodies on Amazon Prime Day and not get your girlfriend, wife, daughter, mother or grandmother anything? Am I right?

Amazon Prime Day Deals

2017 is supposed to be even bigger and one of the biggest shopping days of the year so stay tuned.

Deutsche Bank analysts opined in a late June note to investors:

We expect AMZN to announce its third annual Prime Day (PD) imminently after resounding success in the last two years (orders up >60% WW, >50% in the US in ’16). Press reports suggest AMZN will extend the event to 30 hours (up from 24 previously) sometime in mid-July (held 7/12 in 2016, 7/15 in 2015). Amazon is requiring retailers to hold greater inventory on hand this year to serve throughout the 30 hours, which could boost sales. AMZN Trial subscriptions (30 days for new users) should allow AMZN to aggressively promote Prime Video, Prime Now, Echo devices, and Fresh offerings in 2017. Selected traditional retailers may respond with similar short term promotions.

Indeed, the analysts are correct. So far, here are the deal days.

Here are all of the important specials beginning on July 5.

  • July 5:http://amzn.to/2uZRK7f Voice Shopping
  • July 6: Amazon


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FX Week Ahead Preview: USD/JPY Set To Probe Higher Levels

Courtesy of ZeroHedge. View original post here.

Submitted by Rajan Dhall from fxdaily.co.uk

FX Week Ahead – 10-15 July

The week after the US jobs report in recent months has been a mixed one for the USD, and will be no more so next week after headline employment was once again tempered by ongoing sluggish wage growth.  After a much higher than expected 222k gain, the 2.5% yoy rate was net unchanged in June, but this due to a downward revision in May.  Consequently, the immediate USD reaction was negative, with so much focus on earnings promptly drawing fresh sellers, but this proved limited with some of the key pairings having pushed against some extended levels. 

EUR/USD is the overwhelming component in the USD index, and has weighed heavily on the greenback due to the aggressive positioning for eventual ECB tightening later this year.  Despite all the efforts from a number of governing council members, not least of president Draghi himself to curb some of relentless upward pressure in the EUR and EU wide rates, the improving data outlook and references to reflationary forces offer little prospect of a meaningful retracement.  The was highlighted by the strong demand ahead of 1.1100 a few weeks back which then generated the move through 1.1300, and again ahead of the latter level to retest the initial resistance into 1.1440-50. 

Target levels beyond this lie in the 1.1525-1.1600 area, if not a touch further, but higher levels will not only dampen inflation rates in the region, but also heighten 'defensive' rhetoric from the ECB. Benoit Coeurre tried hard last week, and is due to speak again over the next few days.  From the data perspective, we have a number of harmonised inflation releases in the leading member states, as well as EU Sentix investor confidence Monday, industrial production Wednesday and trade numbers on Friday.  German trade data also due out.

Out of the US, we have a little more colour on employment as we have the trends and Fed labour conditions indices on Monday, with JOLTS job openings on Tuesday an interesting one as April saw this rise to record levels above 6 milllion in April.  Over Wednesday and Thursday however we have Fed chair Yellen testimony on the


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Mnuchin Kills Idea Of Tax Hike For The Wealthy

Courtesy of ZeroHedge. View original post here.

Last week the Republican party was at arms after Axios reported that Steve Bannon was said to be pushing president Trump to raise taxes on the wealthiest Americans. According to the website, Trump’s chief strategist was urging to raise the top tax rate on individuals, with Axios saying the former Breitbart CEO looking for the top rate to have “a 4 in front of it” (currently, the highest income-tax bracket in the US is 39.6% for individuals earning more than $414,000 a year).

Well, they can now sleep easier after Treasury Secretary Steven Mnuchin on Sunday killed that particular idea, saying that the Trump administration is not considering a plan to raise taxes on the wealthiest Americans in order to pay for tax breaks for the middle class. Speaking on ABC's "This Week," Mnuchin said the administration is “absolutely committed” to releasing its tax plan in early September, and getting it through Congress by the end of the year – and that plan won’t include a 40 percent tax rate for the richest Americans.

“Our plan is to have a full-blown release of the plan in the beginning of September, with being able to vote and getting this passed before the end of the year,” Mnuchin said on ABC’s “This Week” on Sunday.

The “objective” of the proposal is still that no one in the middle class will have a tax increase, Mnuchin said. “We’re finalizing the details of the plan, so there’s certain issues that are still on the table.”

.@stevenmnuchin1 denies report Steve Bannon is pushing tax hike for the wealthy. "I have never heard Steve mention that." #ThisWeek pic.twitter.com/Tu7q2PSUO4

— This Week (@ThisWeekABC) July 9, 2017

Referring to the Axios report that Bannon was advocating a proposal to raise the highest tax bracket to 40% or above, Mnuchin responded "I've never heard Steve mention that" and added that “it’s very clear, kind of, we have a proposal out there that the administration has put out, with a top rate of 35% where we reduce and eliminate almost every single deduction.”

Mnuchin said the administration’s plan would pay


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North Korea Warns US Bombing Drill Risks Provoking “Nuclear War”

Courtesy of ZeroHedge. View original post here.

Following North Korea’s first confirmed test of a medium-range ICBM earlier this week, the hermit kingdom and the US have continued to trade provocations and threats, with the North warning on Sunday that the bombing drill led by two US B-1B Lancers in South Korea on Saturday risked sparking an all-out nuclear conflict on the peninsula.

In an editorial published in the North Korean state-run newspaper, the North Korean government said the drill was "a trivial misjudgment or mistake could lead to the outbreak of a nuclear war, resulting in a world war,” and that it posed a direct, and continuing, threat to the DPRK, according to South Korea’s Yonhap News.

“The Korean peninsula is the largest gunpowder area in the world with the highest risk of nuclear war, and is the largest hot spot in the world where there is always a risk of nuclear war. [The US] is surely spreading into a new world war,” the piece reads.

The editorial also accuses the Trump administration of using the Korean peninsula to distract from the US president’s “serious crisis of power” at home.

The drill posed “a continued threat to the DPRK,” according to the official Korean Central News Agency.

Tensions have continued to rise between the US and one of its primary geopolitical adversaries since the North’s July 4 ICBM test, which NK leader Kim Jong Un sarcastically described as “a gift” to the US on its Independence Day holiday. During his trip to Warsaw earlier this week, President Donald Trump said that he was considering “some pretty severe things” in response to North Korea’s first confirmed firing of a genuine ICBM that could reach as far as Alaska. Though the US has been unable to confirm whether the North has the capability to deliver a nuclear war head, and both the US and Russia said the Hwaswong 14 missile that was launched was at best an intermediate-range rocket. According to Pyongyang, the test successfully verified the warhead's atmospheric re-entry.

During Saturday’s drill, two B-1B bombers flew from Andersen Air Force Base in Guam to the Korean Peninsula where the bombers conducted the live-fire exercise


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“Who Moved My Punch Bowl?”- Morgan Stanley Says A Repricing Of The “Central Bank Put” Is Imminent

Courtesy of ZeroHedge. View original post here.

Some potentially displeasing "Sunday Start" thoughts to market bulls, from Chetan Ahya, Morgan Stanley's global co-head of economics, who warns that in light of the recent "hawkish tilt" by central banks, the message is clear: "central banks are more watchful of financial stability risks: It is in this context that central banks now appear to be keen to lean against easy financial conditions so as to pre-empt the rise of financial stability risks. To assess financial stability risks, Fed Vice-Chair Fischer had recently highlighted the Fed’s framework in a recent speech in which he highlighted the “four broad cyclical vulnerabilities: (1) financial sector leverage, (2) non-financial sector borrowing, (3) liquidity and maturity transformation, and (4) asset valuation pressures”."

As a result, "financial stability risks will hold the key: In the 2004-07 episode, as inflation was well-behaved, the pace of monetary tightening by central banks was slower than warranted, which resulted in a build-up of financial stability risks as financial conditions stayed easy, private sector leverage in both the non-financial and financial sector rose sharply and asset markets were buoyant."

All of which means that "markets will therefore have to deal with the repricing of the central bank put – a key feature of the post-crisis world: Whether policy-makers are tightening via rates or balance sheet actions, or imposing more macro-prudential norms, the message is clear – the global monetary policy stance has taken a hawkish turn and will continue to do so."

* * *

His full note below:

Who Moved My Punch Bowl?

By Chetan Ahya, Morgan Stanley's global co-head of economics

Global central banks have sent out hawkish signals, as evident from the ECB president’s speech in Sintra, the release of the FOMC meeting minutes and in the UK Governor Carney’s remarks last week followed by the statement from the Prudential Regulation Authority on consumer credit. Bond yields in the US, Germany and UK have risen by 23bp, 22bp and 25bp, respectively in the past two weeks, partly reflecting the repricing of central banks’ policy response. We don’t think this disrupts a synchronised global recovery, but it has the potential to boost USD and rate volatility, and drive US credit underperformance.

Amid this hawkish tilt, central


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Trump’s friendly meeting with Putin further blurs US-Russia relations

 

Trump's friendly meeting with Putin further blurs US-Russia relations

Courtesy of Stephen Benedict DysonUniversity of Connecticut

File 20170707 28795 hs65t5

President Donald Trump shakes hands with Russian President Vladimir Putin at the G20 Summit AP Photo/Evan Vucci

It emerged early this morning: a few seconds of grainy footage showing U.S. President Donald Trump shaking hands with Russian President Vladimir Putin at the G-20 summit in Hamburg, Germany.

Trump, the taller man, stoops to meet Putin on equal terms. He pats him repeatedly on the elbow, and then on the back.

Later, as they sat side-by-side in matching cream-colored chairs, Trump called it “an honor” to meet Putin. The Russian president noted that they had talked on the telephone several times, but that talking on the telephone is never enough. An interesting choice of words, given Putin’s disconcerting habit of leaking the private conversations of foreign leaders.

So what can we learn about their relationship and the future of U.S.-Russia relations from this single meeting?

Hidden planning

They talked for more than two hours, far longer than the scheduled half hour. According to a briefing given later in the afternoon by Secretary of State Rex Tillerson, they discussed Syria, Ukraine, terrorism and cybersecurity, including “interference in the democratic processes” of the U.S. and other countries. And Tillerson announced that the U.S., Russia and Jordan have agreed to a ceasefire in Southwest Syria between the regime of Syrian President Bashar al-Assad and opposition forces.

This was a substantial agenda, made to seem more impressive by clever expectations setting and misdirection undertaken by administration officials in advance of the meeting.

The official announcement of the ceasefire was held back so that the meeting would have a “deliverable.” However, the Associated Press gave the game away by reporting the deal while Trump and Putin were still talking.

Before the meeting, White House officials had also told the press that Trump would not raise cybersecurity with Putin. But according to Tillerson, he did so repeatedly and forcefully, although Russian Foreign Minister Lavrov suggests Trump was accommodating toward Putin’s protestations of innocence.

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Tales From The FOMC Underground

Courtesy of ZeroHedge. View original post here.

By EconomicPrism's MN Gordon, annotated by Acting-Man's Pater Tenebrarum

A Great Big Dud

Many of today’s economic troubles are due to a fantastic guess.  That the wealth effect of inflated asset prices would stimulate demand in the economy.

The premise, as we understand it, was that as stock portfolios bubbled up investors would feel better about their lot in life.  Some of them would feel so doggone good they’d go out and buy 72-inch flat screen televisions and brand-new electric cars with computerized dashboards on credit.

The Wilshire 5000 total market index vs. federal debt and real GDP (indexed, 1990=100) – mainly there is an ever wider gap between asset prices and the underlying economic output, and although federal debt has grown by leaps and bounds in the Bush-Obama era, it can’t hold a candle to asset price inflation either. If asset prices were an indication of how an economy is doing, we would have arrived in Utopia by now. Unfortunately that is not the case, as asset prices primarily reflect monetary inflation. Just consider the extreme example of Venezuela’s IBC General Index, which went from 40,000 to 120,000 points, while the economy contracted by 21% in real terms (officially, that is. If one were to apply private sector estimates of inflation, it would look a lot worse). It is certainly true that economic aggregates are benefiting from bubble conditions to some extent, but that is essentially phantom prosperity. If you burn all your furniture, your home will be warm – that this might be problematic only becomes glaringly obvious once all the furniture is gone, because then it will not only be cold, but there will be nothing left to sit on either. When the red line on this chart reverts to the mean (or the “other extreme”), there will be a lot of gnashing of teeth, as many of the mistakes made during the bubble era will be unmasked. [PT] – click to enlarge.

 

Before you know it, gross domestic product would go up – along with wages – and unemployment would go down.  A self-sustaining economic boom would follow.

This fantastic guess, however,


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Words of Wisdom from Charlie Munger

By VWArticles. Originally published at ValueWalk.

Published on Jul 9, 2017

Advice from Charlie Munger -Both Bill Gates and Warren Buffet consider Charlie to be the smartest person they know! Charlie Munger has been Warren Buffet’s .

Warren Buffett and Charlie Munger on Becoming Wealthy Through Continual Learning

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Charlie Munger

Warren Buffett, American business magnate, investor, philanthropist, most successful investors, BRK, Berkshire Hathaway, Warren Buffet, geographic location, high entry barriers, new , moats, Michael Porter, value investing, growth investing, business models

part 1 here: part 2 here: Charlie Munger provides some of .

Compilation of Charlie Munger’s Speeches Charlie Munger provides some of the best worldly wisdom that any businessman has to offer.

Published on Jul 7, 2017

2017 Speech by Billionaire Investor, Partner of Warren Buffett, and Wise-Old-Teacher Charlie Munger – 2017 Daily Journal Corporation Annual Meeting

Official Wechat Account: yizima-world Charlie Munger, the billionaire vice chairman of Warren Buffett’s Berkshire Hathaway Inc (BRKa.N), said some of U.S. .

Charlie Munger’s Commencement Address at USC. What a way to start the commencement speech. Lots to learn.

From Whitney Tilson’s 2004 Berkshire HathawayAnnual Meeting notes: Buying the Stocks of Businesses That Make Unhealthy Products I’ve been drinking five .

The post Words of Wisdom from Charlie Munger appeared first on ValueWalk.

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Phil's Favorites

Trump and the problem with pardons

 

Trump and the problem with pardons

Courtesy of Andrew Bell, Indiana University

As a veteran, I was astonished by the recent news that President Trump may be considering pardons for U.S. military members accused or convicted of war crimes. But as a scholar who studies the U.S. military and combat ethics, I understand even more clearly the harmful long-term impact such pardons can have on the military.

My researc...



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Zero Hedge

Macron Suffers Huge Blow With Defeat To Le Pen

Courtesy of ZeroHedge. View original post here.

In what may be the biggest shock from today's European parliamentary elections, President Emmanuel Macron is set to suffer a blow with French voters set to hand a victory to Marine Le Pen’s National Rally, picking the vocal Eurosceptic and nationalist over the former Rothschild banker.

Macron’s En Marche (Republic on The Move) will have just 22.5% of the vote compared with 24% for Le Pen, according to pollsters Ifop. With Macron and Le Pen neck and neck ahead of the elections, the outcome will be a...



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Insider Scoop

Jefferies Sees 60-Percent Upside In Aphria Shares, Says Buy The Dip

Courtesy of Benzinga.

After a red-hot start to 2019, Canadian cannabis producer Aphria Inc (NYSE: APHA) has run out of steam, tumbling more than 31 percent in the past three months.

Despite the recent weakness, one Wall Street analyst said Friday that the stock has 30-percent upside potential. 

The Analyst

Jefferies analyst ...



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Kimble Charting Solutions

DAX (Germany) About To Send A Bearish Message To The S&P 500?

Courtesy of Chris Kimble.

Is the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could!

This chart looks at the DAX over the past 9-years. It’s spent the majority of the past 8-years inside of rising channel (1), creating a series of higher lows and higher highs.

It looks to have created a “Double Top” as it was kissing the underside of the rising channel last year at (2).

After creating the potential double top, the DAX index has continued to create a series of lower highs, while experiencing a bearish divergence with the S...



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Chart School

Brexit Joke - Cant be serious all the time

Courtesy of Read the Ticker.

Alistair Williams comedian nails it, thank god for good humour! Prime Minister May the negotiator. Not!


Alistair Williams Comedian youtube

This is a classic! ha!







Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, ...

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Digital Currencies

Cryptocurrencies are finally going mainstream - the battle is on to bring them under global control

 

Cryptocurrencies are finally going mainstream – the battle is on to bring them under global control

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what ...



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Biotech

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

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

 

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

A map of DNA with the double helix colored blue, the landmarks in green, and the start points for copying the molecule in red. David Gilbert/Kyle Klein, CC BY-ND

Courtesy of David M. Gilbert, Florida State University

...



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ValueWalk

More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...



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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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