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Trump tweets tweak markets

Financial markets, under the new president, continue to react on an hour-by-hour basis to Donald Trump’s latest electronic missives. That’s no way to conduct business but it is what it is. At what point will traders begin to discount these tweets? read more…

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Has Santa Claus come and gone?

The rally continued in the stock market as investors abandoned bonds and bought stocks hand over fist. Many think the best is yet to come, since the traditional end-of-year Santa Claus rally is still ahead of us. read more…

Trump’s tweets continue a presidential tradition

“Chuck Jones, who is President of United Steelworkers 1999, has done a terrible job representing workers. No wonder companies flee country!”

“Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!”

                                                            Tweets attributed to Donald Trump

Over the past week or so, Donald Trump has taken aim at two companies, the entire health sector, and a union boss. The media and the financial community are in an uproar over his statements. Should they be? read more…

A good news Thanksgiving

turkey-thanksAs we all sit down to our Thanksgiving dinner today, there is a lot to be thankful for on the economic front this year. For many, it may not feel that way but trust me there are some reasons to be hopeful. read more…

So far, so good.

This week the Trump rally continued. Two out of the three indexes are flirting with record highs. It feels like the markets want to go even higher, so don’t pay attention to those who do not understand the dynamics that are playing out in the markets. read more…

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About Bill

Bill Schmick was born in a blue-collar neighborhood of Philadelphia, just a few blocks north of “Rocky Balboa” territory where most of his Catholic schoolmates grew up to be either cops or criminals. He narrowly escaped both professions by volunteering to fight in Vietnam as a U.S. Marine... Read More

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