Entries by The Trend Letter

Headlines – August 8/17

Wall St opens lower as investors pause after record rally. Read story Prosecutors seek 12-year sentence for Samsung boss. Read story Americans now have the highest credit card debt in US history. Read story Specter of coup, serge in violence haunt Venezuela. Read story The two industries that are getting the worst customer complaints. Read […]

Headlines – August 4/17

Dow opens at record after strong July jobs report. Read story The jobs numbers: Who’s hiring in America – and who’s not. Read story Former Facebook executive says society will collapse as robots will put half of humans out of work. Read story Gold falls, tracking weekly loss, as hiring strength in July boosts stocks […]

Headlines – August 3/17

Trump: US-Russia relations at ‘dangerous low’. Read story Trump’s heated conversations with Mexico, Australia’s leaders revealed in transcript. Read story Venezuela election results ‘manipulated’ by at least 1 million votes, polling company says. Read story Small business hiring rises in July. Read story WikiLeaks releases documents on ‘Dumbo’ CIA tool allowing control of webcams. Read […]

Total US debt: $1.05 million per taxpayer

If you are an American citizen who pays taxes, your liability of the total US debt now totals $1.05 million. When discussing the national debt, most people assume that the total national debt is the ‘official’ debt, which is sitting at $19.98 trillion, which in itself is an outrageous number. The current population in the […]

S&P 500 update: Watch for resistance at 2490-2515

Mariam Webster’s definition of Complacency:  marked by self-satisfaction especially when accompanied by unawareness of actual dangers or deficiencies :  marked by complacency :  self-satisfied a complacent smile The VIX volatility Index measures the market’s expectation of 30-day volatility. It is constructed using the implied volatilities of a wide range of S&P 500 index options. This […]

Oil update: Patience required

Oil rallied 3.3% today, marking the strongest single-day rally since late last year. Reasons given for the rally were that Saudi Arabia announced that they would cut August exports to 6.6 million barrels a day—a million barrels less than a year earlier. Also, Nigeria, which isn’t part of the production-cut agreement led by OPEC, promised […]

Illinois – the canary in the coal mine

A few months ago, we highlighted how Illinois was broke and that it would soon be the first state to have a junk bond rating. After all, the state has gone over two years operating without a budget. The state is in shambles, running up $15 billion in unpaid bills, and according to CNN Money […]

Headlines – June 21/17

China stocks win MSCI inclusion; initial market reaction muted. Read story Uber CEO Travis Kalanick resigns under investor pressure. Read story Oil headed for weakest first-half performance in two decades. Read story S. Korea says crashed N. Korea drone ‘grave provocation’. Read story Villian of the housing crash makes a comeback. Read story The dark […]

Will we ever see $100 oil again?

Yes we will see oil at $100 again, and in fact, we will likely see oil at north of $200 in the next decade. But before we get there we are most likely to see oil in the $30 range. When the Fed started its Quantitative Easing (QE) program, they created an environment where oil […]