Archive for the ‘ValueWalk’ Category

GILTI: The Ramifications On The Tax Burden Of Corporations

By Gorilla Trades. Originally published at ValueWalk.

GILTI Tax Standards

In his Daily Market Notes report to investors, while commenting on GILTI standards, Louis Navellier wrote:

Q1 2021 hedge fund letters, conferences and more

We are now essentially in “economic nirvana.” Examples: On Wednesday, the Atlanta Fed raised its first-quarter GDP estimate to a 6.2% annual pace, up from 6% previously estimated. The U.S. is still expected to boost the global GDP growth rate more than China in 2021, for the first time since 2005. Since the U.S. is a robust consumer-driven market, the U.S. has the potential to keep pace and exceed China’s overall GDP growth in 2021, since the U.S. economy is about one-third larger than China’s.

Uber posts the biggest bookings since the pandemic began This is Hard evidence about the snapback in travel demand, including a shortage of drivers while millions are still classified as unemployed.

The Biden Administration Wants To Change The GILTI Tax Standards

Hot topic:  Biden Administration’s future tax policy is on how to generate more taxes from the revenues U.S. corporations produce outside of the United States.

The Trump Administration actually led this movement, as the Tax Cuts and Jobs Act (TCJA) introduced several new rules for taxing foreign profits of U.S. multinationals, including rules related to “Global Intangible Low Tax Income” (or GILTI) that result in a minimum tax of 10.5% on foreign profits.

The Biden Administration, led by Treasury Secretary Janet Yellen and many Democratic members of Congress, wants to make some material changes to the GILTI tax standards, and policymakers are busy figuring out what the ramifications will be on the tax burden of corporations.

The tax burden on GILTI was intended to fall on profits from intangible assets, such as patents that U.S. companies hold abroad.

GILTI Tax Standards

Whatever the end game is for policymakers, taxes for corporations and for individuals are about to increase by varying degrees. To date, the stock market has paid little attention to this soon-to-be reality, instead opting to focus on Fed QE policies and Congressional stimulus. At some point, it would seem that this transformational change in tax policies will matter to the stock market – but then again, maybe not.

The Rise In The Producer Price Index

The latest inflation figures show a rapid escalation to a 1% (monthly)
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Bill Gates Is Right About SPACs and QuantumScape

By InvestorPlace. Originally published at ValueWalk.

NYSE:QS bill gates coronavirus vaccine controversy Gates Coronavirus Vaccine bill gates books list 2018 Futuristic toilet, Bill Gates, CEOs, richest man in the world, Microsoft Corporation, MSFT, wealthiest billionaires, Bill & Melinda Gates Foundation, William Henry Gates, Washington, Microsoft Windows, Windows 10, Antitrust litigation, Cascade Investment , The Giving Pledge, Satya Nadella, PCs, laptops, personal computer revolution, valuewalk,

Below $42, QS stock is a long-term home run for investors


Q1 2021 hedge fund letters, conferences and more

Bill Gates appeared on CNBC on Good Friday to discuss his climate-related work for the Economic Club of New York. The conversation veered off into the wild and wooly world of special purpose acquisition companies (SPACs). Gates, an early backer of QuantumScape Corp (NYSE:QS) and QS stock, suggested that people do what he’s doing and only get involved with quality SPACs.

The assumption here is that QuantumScape is such a company. Is he right? I’ll explore this subject further.

It Helps to Own QS Stock If You’re a Billionaire

If you bought 100 shares of QuantumScape stock on three occasions in 2021: Jan. 6 ($63.03), Feb. 17 ($66.52), and March 22 ($64.29), a back-of-the-napkin estimate suggests you’ve got a paper loss of $35,134, 26% less than the $19,384 you would have paid for 300 shares.

That’s not so great. Of course, if you bought 100 shares each time it fell back to earth, you’d be a very happy person. Maybe not Bill Gates-happy, but content, nonetheless.

Bloomberg Quint contributor Chris Bryant recently discussed how Gates is right to suggest private companies are going public way too quickly, in large part, because SPACs are raising gobs of money and issuing boatloads of shares to merge with these immature businesses.

Never mind that they’re doing so at ridiculously high financial projections. However, Bryant’s link to Yet Another Value Blog makes me think most of these SPAC IPOs aren’t worth the paper they’re written on.

I had been moving in that direction myself in February when I wrote that I was skeptical of Lucid Motor’s ability to garner 8% of the global electric vehicle (EV) market share. Here’s what I wrote on Feb. 25:

Companies like Tesla (NASDAQ:TSLA) have struggled for years before tasting success. So, I’m highly skeptical when someone implies it will be simple to go from zero production to 8% global market share of any product, let alone something as complicated as an electric vehicle. In that regard, this SPAC era reminds me of the dot-com…
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Investment Technology Has To Adapt To The Investment Journey

By Jacob Wolinsky. Originally published at ValueWalk.

investment journey set stock prices redlining Learning from Charles Schwab cyclical issues Park Aerospace an Economic Downturn diversified portfolio long-term investor Proposed Stimulus Plans Greg Boland High cape value big Tech Generations trust document Right Investments Victorias Secret Asana INDEXNASDAQ: .IXIC controlling influence negative reactions Alfred Winslow Jones

Wealth managers need to adapt behavioural science techniques to boost client engagement and enhance client profiling to improve the investment journey, according to behavioural finance experts Oxford Risk.

Q1 2021 hedge fund letters, conferences and more

Blending Technology And Behavioural Science

It warns that advisers and wealth managers are not making full use of technology which could be harnessed to deliver a powerful approach to suitability and engagement while providing hyper-personalised and self-refining recommendations.

Blending technology and behavioural science enables a comprehensive approach to suitability that recognises the complexity of each client and their emotional needs over time.

Greg B Davies, PhD, Head of Behavioural Finance, Oxford Risk said: “Where it’s used in client engagement efforts at all, technology tends to focus on the administrative aspects of advisers learning about their clients, while treating those clients as robots.

Emotional Responses To The Investment Journey

Selecting good investments is important but achieving good investment outcomes is more so. Emotional responses to the investment journey mean the calm person who sets the course is often different to the stressed one who will have to stick with the journey.”

Oxford Risk, which builds software to help wealth managers and other financial services companies assist their clients in making the best financial decisions in the face of complexity, uncertainty, and behavioural biases, has developed proprietary algorithms to target products, communications, and interventions for each individual client at a particular time.

Behavioural tools assess investors’ financial personality and preferences, as well as changes in financial situation, which, supplemented with other behavioural information and demographics builds a comprehensive profile. Oxford Risk’s financial personality assessment examines 15 distinct dimensions, each of which has specific implications of what to do differently depending on whether an investor is high or low on that aspect of personality. Based on that deep understanding individual investors can be matched to investment solutions tailored to their unique needs and personality.

The Journey Of Investing

Greg B Davies added: “Investment is a journey. Investment tech needs to come along for the whole ride.

“Our research has conclusively demonstrated that we can measure investors’ financial personality with simple but well-constructed questionnaires that are quick and easy to use, stable and empirically validated, and which add substantial depth to client profiles.”

The financial personality tests do…
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Tesla upgraded to Buy with new price target of $1,071

By Michelle Jones. Originally published at ValueWalk.

NASDAQ:TSLA

Tesla Inc (NASDAQ:TSLA) has received an upgrade and price target increase for its exposure to the energy storage business. Canaccord Genuity analyst Jed Dorsheimer upgraded the stock to Buy and raised his price target to $1,071.


Q1 2021 hedge fund letters, conferences and more

Tesla Upgraded

The new price target is based on 62 times the firm’s 2024 EV/ EBITDA multiple, which is three times those of its competitors. Although Tesla‘s valuation is rich, Dorsheimer believes it has a lead of several years and noted that it is now expanding “aggressively” into energy storage.

He believes the automaker’s focus on “first-principle engineering” will dramatically change the battery market. Dorsheimer also believes it will enable Tesla to increase its lead in battery electric vehicles and expand into the solar and home energy market with its Powerwall line of storage products.

The analyst expects the constraints of battery supply to start abating in 2022 as the automaker’s new 4860 cell production starts at Giga Nevada and in Texas and Berlin. Tesla will also start partnering with Panasonic and LG for battery production.

When the automaker has enough batteries, it will be able to meet its “new aggressive Powerwall campaign” and bring its Powerpack and Megapack to full scale, often pairing them with solar installations. Dorsheimer expects accelerated growth in Tesla’s energy storage and generation business. He conservatively estimates $8 billion in revenue in 2025 with gross margins at parity or higher than its EV business at more than 25%.

Transition To Mass-Market Electric Vehicles

He also pointed out that the Model 3 and Model Y made up 99% of Tesla’s record first-quarter deliveries, which demonstrates a successful transition into the mass market. Dorsheimer expects auto gross margins to continue climbing to more than 25% as volumes of the Model 3 and Model Y rise from Giga Shanghai. Tesla is also expected to release entry-level models using LFP batteries, and he expects tailwinds from credit sales in China.

Dorsheimer believes that the automaker’s successful transition into the mass market and sizable investments in battery manufacturing and production capacity will enable it to “conquer another trillion-dollar market in energy generation and storage.” He added that Tesla is “rapidly creating…
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Still A Bullish Fever In Stocks?

By Monica Kingsley. Originally published at ValueWalk.

S&P 500 Outlook

S&P 500 went nowhere yesterday – just like the prior Monday, heavy buying into Friday‘s close met no follow-up the day after. After almost touching 16 to close the week, VIX peeked higher yesterday only to reverse back down. Nice try but if you look at the put/call ratio turning down simulatenously, the alarm bells are far from ringing.


Q1 2021 hedge fund letters, conferences and more

The S&P 500 rise of late isn‘t without its good share of non-confirmations though. The ones seen in Russell 2000 and emerging markets got a fresh company in the corporate credit markets. No denying that the stock market is in a strong uptrend, but it got a bit too stretched vs. its 50-day moving average – a consolidation in short order would be a healthy move, but the CPI readings above expectations don‘t favor one today.

If you look at the put/call ratio again, its lows throughout Mar and Apr haven‘t been reaching the really exuberant levels of prior months, hinting at a less steep path of S&P 500 gains. And what about the volume print as stocks went about making new highs? Not encouraging either, and it‘s not that rising yields would be causing trouble:

(…) The retreat in rising yields is running into headwinds, much sooner than the 10-year one could reach the low 1.50% figure at least. Value stocks and cyclicals such as financials appear calling it out, and both rose on Friday.

And financials had a good day yesterday too. Technology welcomed the reprieve, and the heavyweights joined in increasingly more. Again though, more than a little stretched, these $NYFANG generals are rising while the troops (broader tech) are hesitating, which makes a down day / consolidation quite likely, especially should the TLT retreat again. As I wrote yesterday:

(…) The rotation simply isn‘t much there, and the TINA trade isn‘t letting much air to come out of the S&P 500 sectors that would be expected to sell off in a more relaxed monetary policy.

And that‘s probably what gold is sensing as it grew weak yesterday. The rising yields aren‘t yet at levels causing issue for the S&P
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Coronavirus stimulus checks: IRS may inform by letter why you got less than expected

By Aman Jain. Originally published at ValueWalk.

Coronavirus, stimulus check, letter

The IRS is likely in the last phase of sending out the third round of stimulus checks, but there are many who are still not convinced they received the correct amount with their first and second stimulus payments. Some people believe they got less than what they were eligible for, while some got no payment at all. Now these people have an opportunity to clear up their doubts by filing the Recovery Rebate Credit. If the IRS doesn’t agree with their calculation, it will issue them a letter validating the coronavirus stimulus check amount they got.


Q1 2021 hedge fund letters, conferences and more

Coronavirus stimulus check: when will IRS send you a letter

Congress approved $1,200 and $600 in stimulus payments in the first and second round last year, respectively. However, many people say their stimulus check amount was much less than what they were eligible for, or they got no payment at all.

Such people can claim their due payment of the first two rounds by filing the Recovery Rebate Credit. They need to complete line 30 of Forms 1040 or 1040-SR, which has been added to this year’s tax return forms.

In this form, the taxpayer needs to mention the amount of stimulus money they already received. Also, they need to show any more stimulus amount due to them. People can show the workings in the worksheet provided with the tax form.

Once the IRS gets your tax return, as well as the form for the Recovery Rebate Credit, it will analyze your form. This means, filing for the credit is no guarantee that you will get the due amount you think you are eligible for.

In case of a discrepancy, i.e. where the IRS believes your calculation of the amount due is wrong, the agency will send you a letter to clear up the confusion about the amount due.

Reasons for discrepancy

Some of the reasons for a discrepancy could be if you did not provide a valid Social Security number, or if you were claimed as a dependent by someone else on their 2020 tax return.

Also, as per the terms of the first two rounds, a dependent age 17 or more…
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Letter In Support Of An Ambitious U.S. 2030 Climate Goal

By Jacob Wolinsky. Originally published at ValueWalk.

2030 Climate Goal climate lobbying Secretary John Kerry climate change response Reporting Requirements European Biden Climate Action DiNapoli divestment plan Transportation Climate Initiative Enbridge ESG Local Climate Action net zero oil and gas firms Methane Emissions

A letter coordinated by the We Mean Business coalition and Ceres (and supported by an impressive group of NGOs focused on business and climate), the signatories indicate their strong support for the Biden administration’s commitment to federal climate action and policy, and call for a highly ambitious U.S. 2030 climate goal (aka, an National Determined Contribution or NDC that is pursuant to the Paris Agreement) of reducing emissions by at least 50% (below 2005 levels).


Q1 2021 hedge fund letters, conferences and more

Signatories include businesses ranging from SMEs to multinational corporations like Apple, LafargeHolcim, Microsoft, Walmart, Verizon and Unilever, to name a few. What unites them is 1) they have business operations in the U.S. and 2) a common desire for the U.S. to at least halve emissions this decade in pursuit of the U.S. reaching net-zero emissions by 2050. These signatories know that ambitious U.S. climate policy is good for business, the economy, people and planet.

The Biden administration is expected to announce the US NDC in the lead up to the Leaders Summit on Climate, which takes place April 22 and 23.

Business/Investor Letter in Support of an Ambitious U.S. 2030 Climate Goal (i.e., National Determined Contribution – NDC)

Dear President Biden,

We, the undersigned businesses and investors with a major presence in the U.S., applaud your administration’s demonstrated commitment to address climate change head-on, and we stand in support of your efforts.

Millions of Americans are already feeling the impacts of climate change. From recent extreme weather to deadly wildfires and record-breaking hurricanes, the human and economic losses of the past 12 months alone are profound. Tragically, these devastating climate impacts also disproportionately hit marginalized and low-income communities who are least able to withstand them. We must act now to slow and turn the tide.

As business leaders, we care deeply about the future of the U.S. and the health of its people and economy. Collectively, our businesses employ 6 million American workers across all 50 states, representing over $3 trillion in annual revenue, and those of us who are investor represent more than $1 trillion in assets under management. We join the majority of Americans in thanking you for re-entering the U.S…
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A Quick Guide On How To Start A Profitable Business

By Luke Fitzpatrick. Originally published at ValueWalk.

Are you thinking about starting a small business? The thought of investing a significant amount of money into a potential business venture can be daunting. Here are some of the best tips on how to start a profitable business that will give your new enterprise the best chance at success.

1. Provide a solution to an existing problem

It’s easier to establish a loyal customer base when you focus on solving an existing problem. Instead of thinking about what to sell, think about how you can help make their lives easier. Your business should fill the gap in the industry of your choosing. 

It’s also important to be passionate about solving the said problem so you won’t quickly grow tired of running your business. For instance, if you’re passionate about software and notice that many people struggle with finding the best restaurants in their area, you could create an easy-to-use app that connects customers to restaurants. 

Zero in on why you want to open your own business. Evaluate your motives so you can create a brand that resonates well with your audience. More importantly, know the problems your potential customers face and figure out how to solve them. 

2. Create a simple business plan 

Once you have a business idea you want to try, the next thing you need to do is to create a simple business plan. This can seem overwhelming, especially to those who are new in the business. But your business plan doesn’t have to be overly complex in the first stages of planning. 

Even though we’re only creating a simple business plan, you still need to do your research. Here are some of the things you can include in your business plan:

  • Define the problem.
  • Highlight the solution.
  • Outline your business model.
  • Write down your products or services, prices, and costs.
  • Describe your target market.
  • Define your competitive advantage. 
  • Outline your financial summary.
  • Indicate funding required.

A business plan also gives direction as to where your business is headed. Once you have this in place, it’ll be easier for you to update and augment your processes and plans as your business grows. You can eventually
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How Insurance Is Modernizing On-Demand Generation

By Luke Fitzpatrick. Originally published at ValueWalk.

Over the past ten years, the world has become increasingly on-demand in order to cater to the preferences of Gen-Zs and millennials. The on-demand generation refers to being able to order things easily and quickly as the need for them arises. Examples of on-demand services that are currently dominating the world including Uber (rides), Airbnb (housing), and Instacart (groceries).

The on-demand trend has become incredibly popular because it is incredibly convenient. Now, this trend is spreading into the world of insurance. 

The old way of insurance 

In the past, insurance used to involve signing long-term contracts that were very complicated and very difficult to get out of. Oftentimes, the process of buying them involved hiring an insurance broker who would shop around for many different plans on your behalf. 

It could take weeks to find a good plan and then people could get locked into them for an extended amount of time without the possibility of getting out of them. 

The new way 

Thanks to developments in Insurtech (insurance technology) it is now possible for people who need insurance to be able to find solutions and place orders for them quickly. Users can find a wide variety of insurance products on the platform including hiking insurance, biking insurance, running insurance, pet insurance, ‘kidsurance,’ critical illness insurance, and travel care.

Hiking insurance, biking insurance, and running insurance all provide coverage for losses that can be incurred while a person participates in these activities. These insurance products can cover the equipment itself such as the bike, or medical expenses related to injuries performing these activities.  

Pet insurance provides insurance coverage for expenses related to your pet developing a disease or disability. Kidsurance provides coverage for expenses related to your child developing an illness or disability.

These types of expenses can be extremely expensive and parents who have ill or disabled children often have to take time off of work, which compounds the issue. Kidsurance is a great supplement to traditional health insurance that can help you and your family to weather the storm if your child falls ill or becomes disabled.   

Innovative Insurtech companies

Here is a list of some of the most innovative Insurtech companies on the market right now that are creating high-quality insurance solutions for the on-demand generation.

Lemonade

Lemonade is an Insurtech company that has built a reputation
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Logica Capital March 2021 Commentary: The Extended Deterioration In Implied Volatility

By Jacob Wolinsky. Originally published at ValueWalk.

Logica Capital

Logica Capital commentary for the month ended March 31, 2021.

Q1 2021 hedge fund letters, conferences and more

Logica Absolute Return (LAR) – Upside/Downside Convexity – No Correlation

  • Tactical/dynamic balanced Put/Call allocation – Symmetric Straddle

Logica Tail Risk (LTR) – Max Downside Convexity – Strong Negative Correlation

  • Tactical/dynamic downside tilted Put/Call allocation – Ratio Straddle

March 2021 Performance*

Logica Absolute Return -0.1%

Logica Tail Risk -1.4%

VIX -8.55 pts

Naive Straddle -3.6%**

S&P 500 +4.2%

YTD Performance*

Logica Absolute Return -1.3%

Logica Tail Risk -2.8%

Naive Straddle -9.8%**

S&P 500 +5.9%

2020 Performance*

Logica Absolute Return +14.9%

Logica Tail Risk +15.1%

S&P 500 +17.4%

Summary: Month over month broad market/index performance disguised turbulence under the surface that is typical of elevated implied volatility (IV) regimes. At the same time, March saw a meaningful decline in S&P 500 near term at-the-money (ATM) IV, causing a significant headwind for long volatility strategies like ours – fortunately, this means we are approaching a more favorable environment.

* Returns are Gross of fees to illustrate strategy performance. Logica Absolute Return Fund returned -0.16% (net) for March 2021

** Naïve Straddle Return: a 1.5 month out, S&P 500 at-the-money put and call bought on the final trading day of prior month and sold on the final trading day of current month. This return on premium is then divided by a factor of 6 to be comparable to Logica’s typical AUM-to-premium ratio

Return Attribution & Portfolio Commentary

Logica

“I don’t run away from a challenge because I am afraid. Instead, I run toward it because the only way to escape fear is to trample it beneath your feet.”
-Nadia Comaneci, 5-time Olympic Gold Medalist

The overarching backdrop for the market’s continued upward surge, alongside volatility’s continued decline, is that sooner or later, something’s gotta give. The good news is that this elusive something is ever closer; with the CBOE Volatility Index (VIX) closing the month at 19.4, it is now well within a single standard deviation of its historical level of ~16-18, and concurrently, the S&P 500 is at all-time highs. This bodes well for either a continued market rally without as much volatility decline, or else some market downside with substantively more room for…
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Phil's Favorites

Johnson & Johnson vaccine suspension - what this means for you

 

Johnson & Johnson vaccine suspension – what this means for you

Vials of the Johnson & Johnson vaccine to prevent COVID-19. The use of this particular vaccine has been halted temporarily. Justin Tallis/AFP via Getty Images

Courtesy of William Petri, University of Virginia

The Centers for Disease Control and Prevention and the Food and Drug Administration on April 13, 2021 halted use of the one-dose Johnson & Johnson COVID-19 vaccine that has been given to 6.8 million people in the U.S. The pause is...



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Biotech/COVID-19

Johnson & Johnson vaccine suspension - what this means for you

 

Johnson & Johnson vaccine suspension – what this means for you

Vials of the Johnson & Johnson vaccine to prevent COVID-19. The use of this particular vaccine has been halted temporarily. Justin Tallis/AFP via Getty Images

Courtesy of William Petri, University of Virginia

The Centers for Disease Control and Prevention and the Food and Drug Administration on April 13, 2021 halted use of the one-dose Johnson & Johnson COVID-19 vaccine that has been given to 6.8 million people in the U.S. The pause is...



more from Biotech/COVID-19

ValueWalk

UK's First-Time Buyers See House Prices Climb

By Jacob Wolinsky. Originally published at ValueWalk.

First-time buyers paying as much as £73k more to get on the ladder since the market reopened

Q1 2021 hedge fund letters, conferences and more

The Climbing Cost Of Houses For First Time Buyers

Research by the new build snagging and defect management experts, ...



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Zero Hedge

Trading Bonds In Venezuela? Bring A Gunman And Cash

Courtesy of ZeroHedge View original post here.

The Venezuelan bond market - described by Bloomberg as one of the 'tiniest and almost certainly the most primitive' in the world - is also one of the most dangerous.

Based in Caracas where Nicolas Maduro's socialist government is 'ever so slowly freeing up the battered economy' for capitalistic endeavors, the US dollar has become the defacto currency. Yet, there's no electronic method to electronically transfer USD from one bank to another - which mean...



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Digital Currencies

Coinbase Sets Reference Price At $250, Well Below Last Private Market Trade

Courtesy of ZeroHedge

Ahead of tomorrow's much-anticipated direct listing of massive crypto-exchange Coinbase, Nasdaq has just announced the company's so-called Reference Price at $250.

On April 14, 2021, the Class A common stock of Coinbase Global, Inc. is expected to list on Nasdaq through a Direct Listing using the ticker “COIN”.

Because this security has not previously traded on any listing market and has no prior day's closing price, Regulation SHO Rule 201 will not apply to the security until its second day of trading on Nasdaq.

As a Direct Listing, COIN will be in a regulatory halt until ...



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Kimble Charting Solutions

Semiconductor Red Hot Performance Tests 20-Year Breakout Level

Courtesy of Chris Kimble

Will the “Red Hot” semiconductor index cool off or get even hotter due to the shortage of chips?

This chart looks at the Semiconductor Index on a monthly basis over the past quarter-century. No doubt the trend is up as it has created a series of higher lows and higher highs since 2009.

Fibonacci extension levels were applied to the 1996 lows and the 2000 highs. Currently, the index is testing the 261% extension level, while at the top of the rising channel as momentum is at the highest level since the 2000 highs.

The rare chip shortage coul...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Saturday, 31 October 2020, 07:10:55 PM

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


Comment: Black line could chase the orange line..higher asset prices for 2021. Post US election pop!



Date Found: Saturday, 31 October 2020, 11:32:25 PM

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


Comment: Just like gold ...


...

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Politics

For autocrats like Vladimir Putin, ruthless repression is often a winning way to stay in power

 

For autocrats like Vladimir Putin, ruthless repression is often a winning way to stay in power

Russian police officers beat people protesting the jailing of opposition leader Alexei Navalny, Jan. 23, 2021 in Moscow. Mikhail Svetlov/Getty Images)

Courtesy of Shelley Inglis, University of Dayton

Russian dissident Alexei Navalny, sick with a cough and ...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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Promotions

Phil's Stock World's Weekly Webinar - March 10, 2021

Don't miss our latest weekly webinar! 

Join us at PSW for LIVE Webinars every Wednesday afternoon at 1:00 PM EST.

Phil's Stock World's Weekly Webinar – March 10, 2021

 

Major Topics:

00:00:01 - EIA Petroleum Status Report
00:04:42 - Crude Oil WTI
00:12:52 - COVID-19 Update
00:22:08 - Bonds and Borrowed Funds | S&P 500
00:45:28 - COVID-19 Vaccination
00:48:32 - Trading Techniques
00:50:34 - PBR
00:50:43 - LYG
00:50:48 - More Trading Techniques
00:52:59 - Chinese Hacks Microsoft's E...



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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...



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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...



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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





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