On Monday, Donald Trump presented his new economic plan at the Detroit Economic Club. While light on detail, there were a few things investors could take away from the speech. (And so we don’t get distracted with politics, let me state that I am neither for Trump nor Clinton. My
After the Brexit vote, European banks were hammered. American banks held up comparatively well as the prevailing wisdom is that large American banks are fairly insulated from European banks. One good way to generate high risk-adjusted returns is to find anomalies that run counter to the prevailing wisdom. One such
Before making any investment decisions, investors are better off understanding some of the moves by professionals that are happening now at quarter-end and before Independence Day. The chart Let us start by looking at a tick chart of S&P 500 futures, gold futures and silver futures. Since most investors use
Since the great recession of 2008, I have often heard investors say that big banks have become zombie banks. They are alive because of government support, and the government will never let them make decent profits. The political rhetoric of this presidential campaign has also been very negative about big
This post was just published on ZYX Buy Change Alert. The position is long with an average price of $34.14. As of this writing JPM is trading at $60.25. Currently, 10% of the full core position size is being held and there is also a trade around position. The current hedging program
This post was just published on ZYX Buy Change Alert. JPM is long from $34.14. As of this writing it is trading at $68.61. JPM reported earnings better than expectations. The target zone remains $78 to $83. The buy zone remains $58 to $64.57, preferably below $62.70. JPM is one of the largest
This post was just published on ZYX Buy Change Alert. Banks in our portfolio include BAC, BBD, C, ITUB, JPM, SAN, and ZION. The Swiss National Bank removing franc’s peg to euro resulted in extreme volatility in forex. The impact on the banks in our portfolio is not know at this time. It is
In the world of gadgets, there have been two major developments this week. Facebook spent $2 billion buying the virtual headset maker Oculus, claiming that virtual reality will be the next big thing after mobile. Google also announced a partnership with Luxottica of Italy to make the Google Glass
It was not long ago that Jamie Dimon, CEO of J.P. Morgan, was considered the golden boy of American banking. After all, he had guided the bank mostly unscathed through the financial crisis of 2008. Then last year, the London Whale crisis erupted. Bruno Iksil, a London-based J.P. Morgan trader
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) INFLATION UNDER CONTROL, GOLD FALLS August 13, 2013 August Core PPI came at 0.0% vs. 0.1% consensus. This indicates inflation is less than expectations.