02/04/2020

Good Evening, Today the Chinese Central Bank better known as the PBOC (People Bank of China) increased it’s stimulus for their market. The idea of course is to give their economy a lift through the corona virus outbreak. They knew that the corona virus would definitely be a short term drag on their economy. So they decided to give it a boost by injecting 1.7 trillion yuan into their financial system using something called reverse repos. Don’t ask me what ...

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01/31/2020

Good Evening, Just a quick note this evening after an obviously turbulent day. The Corona Virus is spreading and today the US Center For Disease Control quarantined all Citizens being repatriated from China. Investors decided today that the Corona Virus is indeed going to take a toll on the world economy. There continue to be reports of supply chains being interrupted due work closures as a result of the virus. It seems that most of the early news underestimated the ...

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01/30/2020

Good Evening, You will all be glad to know that we’ve finally got our internet problem solved. As some of you know we have been looking for our final retirement home. We stayed in our camper while we looked so the internet situation was not very good. Add that to a crazy schedule and it was hard to post this blog. Well we finally settled on a home under construction in the Smoky Mountain/ Cherokee National Forest Area which is ...

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01/21/2020

Good Evening, Before anyone asks, I think it’s a buying opportunity! My charts are still good, corporate earnings are still good (Netfix and IBM both posted earnings beats just today),  the China deal is still intact, Brexit is a go…..and we have a virus….No Sir, not selling, I’m all in for now….. So what’s up. The corona virus. Do any of you remember the SARS virus? It started in China after somehow being transferred from animals to humans. I ...

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01/14/20

Good Evening, It’s no secret that the market has been way hot lately. Today it decided to pause a little which is probably a healthy thing for it to do. The media blamed a report that came out the said that some US sanctions will stay in place until after the election to ensure Chinese compliance to the agreement. They claim that algorithm traders and human investors took the message as a good reason to sell. I don’t know about ...

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01/07/2020

Good Evening, We are still in the process of moving into a new home so our internet has been a little disrupted to say the least. Prayerfully this situation will start to get better although there is still a lot of work to do before the place will be completed. I covet your prayers! I am probably more anxious to get back to a regular schedule than you are for me to do so. What can I say. God’s still ...

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12/26/19

Good Evening, The market rose again today on Christmas Cheer, a good report from Amazon, and optimism over the Phase One trade deal between the US and China. The Santa rally is on! For those of you who don’t know about the Santa Rally it’s not just a term that I made up. It is a term used by wall street to describe the trading period at the end of the year and the beginning of the new year. Specifically, ...

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12/16/19

Good Evening, We finally got our China trade deal or at least part of one. China and the US announced Friday that they have arrived at a Phase one trade agreement. The details are a bit sketchy but what we do know is that the new tariffs that were scheduled to be added today were delayed, at least some existing tariffs already in place will be rolled back, and the Chinese have agreed to buy a large quantity of US ...

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12/10/19

Good Evening, The double mindedness of this market continues. Will China and the US come to an agreement or not? Will they apply additional tariffs on December 15th or not? The latter is the big question that faces the market at this time. The market is pretty well indifferent to the deal/ no deal question a the moment. What investors clamor to know is whether or not progress is being made and they have decided that the best barometer for ...

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12/02/19

Good Evening, The market started off in the green this morning but ended up awash in red ink after a manufacturing report showed the sector contracting.  A report from the Institute for Supply Management (ISM) showed U.S. manufacturing activity contracted in November for the fourth consecutive month, stoking concerns that the longest period of economic expansion in U.S. history could be losing steam. Although a trade deal between the US and China should be able to give the economy enough of ...

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