Three Stocks Ready For a Breakout!

May 16th, 2022 Three Stocks Ready For a Breakout! We’ve all been reading the negative stories this year.  There has been unrelenting selling in the market,  international conflict, inflation, recession, and everything in between.  We don’t want to report on what you already know.  We want to make sure we’re looking ahead, and I found […]

I Warned You This Would Happen

May 13th, 2022 I Warned You This Would Happen This is why you read Filthy Rich, Dirt Poor. On April 27, I warned you that the S&P 500 was sending warning signs it would trade lower and told you there are three critical levels of support.   We’re now at level 2 (3850), and frankly, […]

Is This Indicator Signaling a Bottom?

May 12th, 2022 Is This Indicator Signaling A Bottom? The Consumer Price Index showed an uptick in prices as inflation for the month is showing a slight deceleration.  The key to remember is that we’re now comparing inflation numbers to a year ago as it started to spike last April, so the good news, in […]

What’s For Dinner?

May 11th, 2022 What’s For Dinner? Do you remember the old ad slogan, “Beef. It’s what’s for dinner!”?  Well, that may not be the case in the second half of 2022.  While consumer demand for meat has been rising the last few years, retail prices for beef increased by more than 20% from 2019 to […]

These Wings Flew Too Close To the Sun

May 10th, 2022 These Wings Flew Too Close To The Sun If restaurants weren’t hit hard enough during the pandemic, some of them are struggling to find their footing as food prices soar.  If that wasn’t bad enough, the industry is facing a worker shortage which is causing them to spend more to retain and […]

The Great Divide

May 9th, 2022 The Great Divide The pandemic has changed how some people think about life, work, and what they want out of both.  By now you’ve probably heard about The Great Resignation – when droves of workers left their jobs or switched careers during the early post-pandemic era.  Even though many have quit their […]

The Market Giveth and The Market Taketh Away Markets Celebrate!

May 6th, 2022 The Market Giveth and The Market Taketh Away Remember when everyone was rejoicing in the street and the market rallied by 900 points and everything was right in the world?  Wait, that was two days ago and the market already retreated?  Boo!   That’s one reason why we’ve been talking so much […]

Markets Celebrate!

May 5th, 2022 Market Celebrates! I was talking to a trading buddy of mine and we were taking bets on how the market was going to react to the Fed’s interest rate hike.  Would they raise it 0.5 basis points, which was already priced in, and the market would take off?  Would people be disappointed […]

What the New Homes Sales Data Is Telling Us

May 4th, 2022 What the New Homes Sales Data Is Telling Us The US Census and US Department of Housing and Urban Development issued their monthly new residential sales report last week for March 2022.  Sales of new, single-family homes in March were at a seasonally adjusted annual rate of 763,000, which dropped 8.6% under […]

That Pesky “R” Word

May 3rd, 2022 That Pesky “R” Word Technically speaking, a recession is measured as two consecutive quarters of declining GDP.  At least that’s how economist Julius Shiskin defined it in 1974 and it’s stuck ever since.  Did you know that Shiskin had more rules, but over the years the only one that stuck was dealing […]