Archive for the ‘Appears on main page’ Category

After a record 22 billion-dollar disasters in 2020, it’s time to overhaul US disaster policy – here’s how

 

After a record 22 billion-dollar disasters in 2020, it's time to overhaul US disaster policy – here's how

In a year tied for the warmest on record globally, the U.S. was hit with costly hurricanes, wildfires, storms and drought. AP Photo/Noah Berger and Gerald Herbert

Courtesy of A.R. Siders, University of Delaware; Allison Reilly, University of Maryland, and Deb Niemeier, University of Maryland

The year 2020 broke disaster records across the country in destructive and expensive ways. The Atlantic had so many hurricanes, meteorologists ran out of tropical storm names for only the second time. Across the Midwest, extreme storms flattened crops and tore up buildings. Western states repeatedly broke records for their largest wildfires on record. Globally, it was tied for the hottest year on record.

All told, in 2020 the U.S. had 22 climate and weather disasters with losses exceeding US$1 billion dollars each, six more than any previous year. Together they cost over $95 billion, NOAA announced on Jan. 8. Such disasters affect millions of Americans and are particularly devastating for low-income communities and communities of color. They destroy homes, schools and businesses. They put lives at risk.

Families, communities and taxpayers are paying the price, yet many of these losses could be avoided with smart policies.

Map of disasters

NOAA’s billion-dollar disaster list for 2020. NOAA

For example, the National Institute of Building Sciences estimates that updating and improving building codes alone could save $4 for every $1 spent and create 87,000 new jobs. Similarly, reforming land use and zoning rules can help avoid putting families at risk. An estimated 41 million Americans currently live in homes at risk of flooding and millions more are at risk from wildfires.

And yet, these actions are rarely taken. Local governments – which have authority over zoning and building codes – have a strong financial incentive to keep on building, even in risky places. The federal government – which has the greatest financial incentive to prevent damage before it occurs – has little to no authority over building codes or…
continue reading





Stupid

 

Courtesy of Scott Galloway @profgalloway

On my podcast last week, public health expert Dr. Abdul El-Sayed highlighted that while viruses are naturally occurring, epidemics are a function of human action or inaction. This week, as a mob overran the U.S. Capitol, his observation registered increased purchase.

Extremism, misinformation, sociopaths stewarding profit-incentivized algorithms: All viruses. What we witnessed Wednesday afternoon — and have seen at least since November 4th — is an epidemic. Record deaths from Covid-19 and the U.S. Capitol overrun by a mob on the same day. How did this happen?

The virus has broken containment, preying on our comorbidities.  

The ascendant comorbidity is the steady denigration of our public institutions, particularly government and its agencies, over the last four decades. Since the Reagan Revolution in 1980, a conservative philosophy of limited government has morphed to an anti-government creed. President Trump is the manifestation of that narrative. The President blames the “deep state” for every setback and has stocked his cabinet with appointees opposed to the departments they lead, from a Secretary of Education who doesn’t appear to believe in public education to a Secretary of Energy who once proposed eliminating the Department of Energy. 

Skepticism of government is healthy, when tempered with respect for the mission and those who serve. Otherwise, we risk a population that lacks faith in our mission and each other. Keep in mind, all elected representatives are Americans schooled in U.S. institutions, who carry the same passports and were elected by other Americans.  

A similar assault has been waged against the press. Just as elected


continue reading





The PhilStockWorld.com Weekly Webinar – 01-06-2021

For LIVE access on Wednesday afternoons, join us at PSW!

 

Major Topics:

00:00:01 – Checking on the Market
00:00:38 – Petroleum Status Report
00:05:49 – Current News
00:07:59 – Trading Techniques
00:12:02 – GOLD | Boeing
00:18:02 – Barrick Gold
00:34:40 – LTP
00:36:18 – Portfolio Review: LTP
00:45:30 – M 
00:46:51 – SKT 
00:51:44 – GILD
01:11:40 – Future Is Now Portfolio
01:15:01 – FOMC Report
01:29:00 – Bonds
01:36:07 – Chines Cryptocurrency
01:44:09 – Bloomberg Businessweek
01:45:03 – The New York Times

 

Phil's Weekly Trading Webinars provide a great opportunity to learn what we do at PSW. For LIVE access to PSW's Weekly Webinars – demonstrating trading strategies in real time – join us at PSW!

You can also subscribe to our YouTube channel and view past webinars here.

 





The Stock Market is Heartless, be a bayesian about risk taking, about those $2,000 checks (with Allison Schrager)

 

The Stock Market is Heartless, be a bayesian about risk taking, about those $2,000 checks (with Allison Schrager)

Courtesy of The Reformed Broker

 

Stocks soar to record highs as an armed insurrection invades Capitol Hill and millions of Americans remain susceptible to the worst pandemic in a century. How? How is this possible?

Josh’s guest is Allison Schrager, an economist, senior fellow at the Manhattan Institute, contributing editor at City Journal, co-founder of LifeCycle Finance Partners, LLC and the author of the book An Economist Walks Into a Brothel. Allison writes about risk, reward, retirement systems, pensions, the economy and political policies that affect all of our lives.

You can subscribe to her letter, Known Unknowns, here: https://www.allisonschrager.com/

You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Listen here:

Apple podcasts

Spotify podcasts

Google podcasts

Everywhere else! 





Non-Farm Friday – 4,000 Dead People Don’t Need Jobs Anyway

If this were a stock chart, what would you predict?

The only thing outperforming BitCoin and Tesla in 2020 is the number of people dying from the virus every day in the US and, just like the stock market, we are setting new records almost every day.  Over 4,000 Americans died yesterday but we're too distracted by the revolution to keep the asshole in power who got us into this mess to pay any attention to the actual mess.  

Certainly Donald Trump isn't paying any attention to the virus or the inept roll-out of the vaccine or the complete failure to provide PPE equipment to protect our people.  None of this has been on his agenda and President Thanos will do whatever it takes to stop Joe "Iron Man" Biden from doing something about it.  365,000 people have died in the US so far from Covid-19 (yes, it's been a full year as it's now 21) yet, if 4,000 of them died yesterday, that's a pace of 365,000 in 91 days.  So, at this pace – which is accelerating rapidly – as many people will die in the next 3 months as have died in the last 9 months.  

So far, we have vaccinated 5M people in the first month and that's a bit less than 2% of the population so only about 50 months and we'll get to everyone.  Since the vaccine doesn't stop people from spreading the disease – it will have very little effect on slowing the spread until about 1/3 of us are vaccinated which, at the current pace, will be mid-2022.  Hopefully Joe Biden will do better than Donald Trump and, thankfully, Mitch McConnell will no longer have the power to stop him.

The market, meanwhile, does not stop going higher – no matter what happens.  This is fantastic for those of us who own stocks but not very good for the rest of humanity, who are seeing the largest wealth gap in modern history grow away from them day by day.  

We're playing the S&P Futures (/ES) short at the 3,800 line – simply because it's
continue reading





Bitcoin: why the price has exploded – and where it goes from here

 

Bitcoin: why the price has exploded – and where it goes from here

B is for blast-off (but also bubble). 3DJustincase

Courtesy of Andrew Urquhart, University of Reading

Bitcoin achieved a remarkable rise in 2020 in spite of many things that would normally make investors wary, including US-China tensions, Brexit and, of course, an international pandemic. From a year-low on the daily charts of US$4,748 (£3,490) in the middle of March as pandemic fears took hold, bitcoin rose to just below US$30,000 by the end of the year.

Since then it has climbed to all-time highs above US$38,000, making headlines day after day and driving up the prices of other cryptocurrencies at the same time. So what has driven this huge price appreciation and is it different to the bubble of 2017?

Bitcoin/US$ price 2016-21

Bitcoin price graph

Trading View

One reason for the massive price rise is that there has been a big influx of investors from large-scale institutions such as pension schemes, university endowment funds and investment trusts. This was not the case during the last bull market in 2017, in which the bitcoin price rose about 20-fold to almost US$20,000, only to slide back to the low US$3,000s a year later.

In 2017, the cryptocurrency ecosystem was dominated by individual retail investors, many of whom were attracted to bitcoin’s scarcity and the fact that it stood outside the global financial system. The 2017 bull market had all the signs of a classic financial bubble and investors who were buying in “fear of missing out” (FOMO).

The move mainstream

This time, big names such as billionaire investor Paul Tudor Jones and insurance giant MassMutual have invested heavily, while even former naysayers like JP Morgan now say that bitcoin could have a bright future. This all helps to increase trust in the cryptocurrency and indicates that it is becoming more mainstream.

Bitcoin has also been backed by a few large consumer-facing payment names. PayPal now allows customers to buy, hold and sell bitcoin directly from their PayPal…
continue reading





Jack Ma: China’s spat with billionaire is part of bigger push to control big tech – Silicon Valley could be next

 

Jack Ma: China's spat with billionaire is part of bigger push to control big tech – Silicon Valley could be next

Consumer using WeChat Pay on their phone

WeChat Pay has also been in the firing line. An Ming

Courtesy of Mark Greeven, International Institute for Management Development (IMD)

Chinese tech billionaire Jack Ma has allegedly fallen out with the Beijing government. Several recent articles reported that Ma offended the Chinese authorities by delivering a speech in Shanghai in October criticising financial regulation, and that he and his colleagues were called in for questioning.

The planned IPO of his financial services powerhouse, Ant Group, for over US$30 billion, was suddenly suspended. Antitrust investigations were instigated against his other major company, online retailer Alibaba (and also Chinese tech giant, Tencent).

Towards the end of the year, Ma then received a “rectification order” from the People’s Bank of China (PBoC), the central bank, outlining five ways in which Ant Group must comply with the regulator. To cap it all, the entrepreneur has reportedly not been seen in public since October.

Whatever the reality behind Ma’s government relations, many of these actions are part of steps to increase Chinese tech regulation that have been years in the making. After several decades of allowing experimentation by big tech companies, this is in fact overdue. Indeed, Ma almost asked for it himself when he mentioned in his October speech that China’s financial sector lacks regulation. The reforms may also provide a glimpse of what might happen elsewhere – Silicon Valley should take note.

China’s antitrust regime in three acts

There have been three major movements in Chinese tech regulation in the past decade. The first Anti-Monopoly Law came into effect in August 2008. It outlawed monopolistic practices, but the authorities were hesitant to enforce the rules against tech companies in the heyday of China’s internet boom. Except for a few high-profile cases, such as a private action concerning anti-virus software that was brought under the act against Tencent by rival Qihoo 360, China’s focus was on building digital capabilities and increasing consumption.

Major new laws began to appear a decade later. The E-Commerce Law became effective in January 2019, for example. E-commerce operators…
continue reading





Thursday Thrills – Democracy in Danger, Market at All-Time Highs

Trump supporters storm Capitol, clash with police; 1 dead | Deccan HeraldWho needs law and order?

Not the stock market.  Despite all the turmoil, the market is still chugging along at the highs.  Of course, the Democrats took control of the Senate yesterday and Mike Pence didn't violate the constitution and certified the election so it looks like our long, National Nightmare will finally come to a close a week from next Wednesday (Jan 20th) but, unfortunately, like many nightmares – the worst part comes just before you wake up.

Did Trump incite the riot that led to an assault on Congress and our Capitol?  We report, you decide:

All of us here today do not want to see our election victory stolen by emboldened radical left Democrats, which is what they’re doing and stolen by the fake news media. That’s what they’ve done and what they’re doing. We will never give up. We will never concede, it doesn’t happen. You don’t concede when there’s theft involved.

Crowd: (07:11)  Fight for Trump! Fight for Trump! Fight for Trump!

We want to go back, and we want to get this right because we’re going to have somebody in there that should not be in there and our country will be destroyed, and we’re not going to stand for that.

You know what the world says about us now? They said we don’t have free and fair elections and you know what else? We don’t have a free and fair press.

Our media is not free. It’s not fair. It suppresses thought. It suppresses speech, and it’s become the enemy of the people. It’s become the enemy of the people. 

You’ll never take back our country with weakness. You have to show strength, and you


continue reading





New Year’s Resolutions and Vaccine Distributions

 

New Year’s Resolutions and Vaccine Distributions

Courtesy of Wade Slome, Investing Caffeine

Many people were ready to flush 2020 down the toilet after the novel coronavirus (COVID-19) global pandemic dominated the daily headlines, but panic eventually turned into optimism. With last year and a new year celebration now behind us, the annual tradition of creating a New Year’s resolution to better one’s life will be a challenge for many in 2021. Why? Well, from a financial perspective, the stock market, as measured by the S&P 500 index, finished the year at another mind-boggling, all-time record high (+16% for the year), making 2020 a tough act to follow.

One area of the stock market performed exceptionally well. With millions of employees, students, and bored Americans locked down for much of the year, demand for computers, mobile phones, and internet-connected televisions swelled. Due to a flood of sales into devices, gadgets, equipment, and software, technology stocks became huge beneficiaries in 2020. The performance of this sector can be gauged by the results of the tech-heavy NASDAQ index, which skyrocketed an astounding +44%.

Countering the Confusion

Given this unexpected surge in stock prices, many casual observers are asking how is it possible the Dow Jones Industrial Average capped off a year above the 30,000 level (best ever) after a year when 80 million people contracted COVID-19 and almost 2 million humans died from the virus?

This month, we will try to answer this confusing question. We shall explore the factors behind the unprecedented collapse early in the year and the subsequent recovery in stock prices surrounding this perplexing virus.

We’ve experienced a lot over the last year: death, destruction, an emotionally divisive presidential election, social distancing, face-coverings, Amazon deliveries, Netflix binging, DoorDash food deliveries, hand-sanitizer stocking, toilet-paper runs, and endless pants-less Zoom video sessions. After all this insanity, here are some reasons for why your and my investment accounts and 401(k) balances still managed to appreciate significantly last year:

  • A


continue reading





Wednesday Rebound – Russell Jumps 3% Pre-Market

ImageIs this Democratic Rotation?

With the Democrats looking to take both Senate seats (and control of the Senate) away from the Republicans, the small-cap Russell 2000 Index has gone crazy this morning, jumping 3% pre-market on the assumption that the first thing Joe Biden will want to do is make America great again for small businesses and the middle class.  The Nasdaq, on the other hand, has become a haven for Oligopolists and there may be some trust-busting coming their way as now Tech is becomming "too big to fail".  

”The market is pulling in implications of what a Democrat win would mean for the economic recovery,” said Peter Rosenstreich, head of market strategy at Swissquote Bank. “Expected increase in fiscal stimulus and infrastructure spending would bode well for cyclical or growth stocks. Tech stocks may not benefit as much, and that may have something to do with their stretched valuations.”

As we know from our fabulous 5% Rule™, 3% is too much for an index to move in a session so we should expect at least a 0.5% retrace (10 points) back from the 2,040 line on /RTY (Russell Futures) back to 2,030 and, if that fails, another 10 points to 2,020 will be the proper test so see if we're going to hold the bullish uptrend.  

Meanwhile, speaking of Oiligarchs, 53 people were arrested in Hong Kong this morning for the crime of "subverting state power" during the pro-democracy sessions last summer.  In a blatant display of Fascist refusal to recognize the Democratic process, the majority party refused to allow a newly elected official to be sworn in – promting a walk-out by the minority party in protest.  

Oh, wait a minute, that happened in Pennsylvania, not China.  China hasn't gone that far off the rails yet…  

Republican Sen. Jake Corman, the top-ranking senator, said Monday he wouldn’t permit Mr. Brewster to be sworn in because of Ms. Ziccarelli’s pending lawsuit in federal court. The suit alleges that


continue reading





 
 
 

Kimble Charting Solutions

Treasury Bond Yields At Make-Or-Break Decision Point Says Joe Friday

Courtesy of Chris Kimble

Treasury bond yields (and interest rates) have been falling for so long now that investors have taken it for granted.

But bond yields have been rising for the past several months and perhaps investors should pay attention, especially as we grapple with questions about inflation and the broader economy (and prospects for recovery).

Today we ask Joe Friday to deliver us the facts! Below is a long-term “monthly” chart of the 30 Year US Treasury Bond Yield.

Counter-Trend Rally In Yields Facing Strong Resistance!

As you can see, treasury bond yields have spent much of the past 25 years trading in a falling channel… but the coronavirus crash sent yields...



more from Kimble C.S.

ValueWalk

Biden's $1.9 Trillion COVID Relief Proposal Met Expectations

By Gorilla Trades. Originally published at ValueWalk.

Commenting on Biden’s COVID relief proposal meeting expectations and today’s trading, Gorilla Trades strategist Ken Berman said:

Q3 2020 hedge fund letters, conferences and more

Biden's $1.9 Trillion COVID Relief Proposal

The major indices are all trading lower at midday as the combination of a batch of weak economic numbers, mixed earnings, and negative COVID headlines triggered a pullback in the leading sectors of the market. Pfizer (PFE, -0.7%) admitted that it will temporarily delay its vaccine shipments to Eu...



more from ValueWalk

Phil's Favorites

The Stock Market Is Broken as a Bellwether; Here's How to Fix It

Courtesy of Pam Martens

By Pam Martens: January 15, 2021 ~

I sat behind a trading terminal at two Wall Street firms from 1986 to 2006. I can assure you that if the President of the United States was refusing to accept the outcome of a presidential election and urging a coup d’é·tat by his civilian militia, the stock market would have sold off by double digits. This era’s stock market has yawned at the spectacle.

I can further assure you that if an actual, violent coup d’état did occur inside the ...



more from Ilene

Mapping The Market

The Countries With The Most COVID-19 Cases

 

The Countries With The Most COVID-19 Cases

By Martin Armstrong, Statista, Jan 12, 2021

This regularly updated infographic keeps track of the countries with the most confirmed Covid-19 cases. The United States is still at the top of the list, with a total now exceeding the 22 million mark, according to Johns Hopkins University figures. The total global figure is now over 85 million, while there have been more than 1.9 million deaths.

You will find more infographics at ...



more from M.T.M.

Biotech/COVID-19

The Countries With The Most COVID-19 Cases

 

The Countries With The Most COVID-19 Cases

By Martin Armstrong, Statista, Jan 12, 2021

This regularly updated infographic keeps track of the countries with the most confirmed Covid-19 cases. The United States is still at the top of the list, with a total now exceeding the 22 million mark, according to Johns Hopkins University figures. The total global figure is now over 85 million, while there have been more than 1.9 million deaths.

You will find more infographics at ...



more from Biotech/COVID-19

Zero Hedge

UC San Diego Installs COVID Test Kit Vending Machines 

Courtesy of ZeroHedge

With daily COVID-19 infections getting worse over the last couple of months in Southern California, one university has decided to introduce coronavirus testing vending machines, reported Reuters

Students at the University of California's San Diego campus were greeted with eleven vending machines over the winter semester packed with do-it-yourself COVID-19 tests. 

School officials told Reuters the vending machines are the first of their kind to be insta...



more from Tyler

Politics

The Confederate battle flag, which rioters flew inside the US Capitol, has long been a symbol of white insurrection

 

The Confederate battle flag, which rioters flew inside the US Capitol, has long been a symbol of white insurrection

A historic first: the Confederate battle flag inside the U.S. Capitol. Saul Loeb/AFP via Getty Images

Courtesy of Jordan Brasher, Columbus State University

Confederate soldiers never reached the Capitol during the Civil War. But the Confederate battle flag was flown by rioters in the U.S. Capitol building for the first time ever on Jan. 6.

The flag’s prominence in the Capitol riot comes a...



more from Politics

Chart School

Best Wyckoff Accumulation for 2020

Courtesy of Read the Ticker

Yes folks there has to be a winner. Price and volume in the right place. Very nice eye candy!


Introduction ...

Ethereum was posted on RTT Wyckoff Campaign blog for monitory and trade entry. To watch the RTT Wyckoff Campaign blog is part of the RTT Plus service. After all you only need one to two great accumulations in a year and returns will be fantastic.






Charts in the video ...


Click for popup. Clear your browser cache if image is not showing.



PnF ...

Click for popup. ...



more from Chart School

Digital Currencies

Bitcoin: why the price has exploded - and where it goes from here

 

Bitcoin: why the price has exploded – and where it goes from here

B is for blast-off (but also bubble). 3DJustincase

Courtesy of Andrew Urquhart, University of Reading

Bitcoin achieved a remarkable rise in 2020 in spite of many things that would normally make investors wary, including US-China tensions, Brexit and, of course, an international pandemic. From a year-low on the daily charts of US$4,748 (£3,490) in the middle of March as pandemic fears took hold, bitcoin rose to ju...



more from Bitcoin

The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



more from Tech. Traders

Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



more from Lee

Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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

Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

...

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. Contact Ilene to learn about our affiliate and content sharing programs.