
The U.S. is Catching Up!

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In my post yesterday I was looking at the very nice rally setup that triggered with the rally on Friday and that looked very promising. It might have failed in any case but yesterday Trump delivered a major news bomb when he confirmed that the threatened tariffs on Canada and Mexico would be implemented today, and that further tariffs would be implemented on China, and markets have been dropping hard since then. There is currently every reason to expect that these will be followed by further tariffs on the EU next month, so we may well be looking here at the start of a global trade war. Canada had already announced retaliatory tariffs against the US, in the event of the US imposing 25% tariffs, that will now also be implemented and there is good reason to expect that the EU will react the same way. China is already retaliating of course.
(more…)Markets lull you to sleep. And then they wake you up with a punch to the face.
For weeks, everything feels calm. The VIX—Wall Street’s so-called “fear gauge”—drifts lower, traders take on more risk, and complacency seeps in. Then, like an uninvited guest, volatility arrives. The S&P 500 plunges. Option premiums explode. Suddenly, traders who were riding high are now scrambling for the exits.
But here’s the thing: volatility spikes aren’t something to fear. They’re something to exploit—if you know how.
(more…)Here are a couple of financial disasters that were pushed out onto the world with the notion that the vegans were a rising force. If you’ve EVER had the misfortune of spending some time with those folks, as I have, you’d realize there are few humans more annoying. It’s like the old joke: How do you know someone is a vegan? (pause) They’ll tell you.