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The Flood of Money Into Passive ETFs, Mutual Funds Has Slowed

Lifetime returns are mostly about investor behavior. Save while you are working, invest in stocks of great companies and don't sell in a panic or buy at the top.     “Passive investment is now growth-tilted, momentum chasing, biased toward popular-weighted...

TRUCKS KEEP ON HAULING MORE AND MORE STUFF

US Trucks Hauled Almost +8% More Tonnage in the Last Year     The nations' extensive fleet of trucks has hauled almost 8% more tonnage in year ending July '18. Since just before the November 2016 election, truck tonnage is up 15%. This is powerful evidence...

Dr. Ed’s Blog: High Noise-to-Signal Ratio In Stock Market

THANKS TO TAX CUTS High Noise-to-Signal Ratio In Stock MarketThe 10-year US Treasury bond yield edged up above 3.00% yesterday. This widely feared level didn’t faze the S&P 500, which rose 1.0% on Wednesday to 2697.79. Rising oil prices, in response to Trump’s...

LAFFER CURVE STRIKES AGAIN: TAX RECEIPTS UP AS RATES GO DOWN

PERSONAL TAX RECEIPTS 12% HIGHER IN APRIL Today's April Treasury report showed that April tax receipts not only set an all-time record, but were fully 12% higher than last April's receipts. People and corporations had been postponing income and accelerating deductions...

U.S. WORKERS STILL LAG IN RETIREMENT SAVINGS

The executives noted that retirements are getting longer. Three-quarters of people who turn 65 will be alive at the age of 90 and nearly half will be alive at 95, said Tim Seifert, vice president and head of annuity sales at Lincoln Financial Group.“Only one-third of...

BIGGEST DROP IN SMALL BUSINESS WORRY ON TAXES 

In the case of Taxes, the percentage of businesses citing that issue as their biggest problem has plummetted ever since the Tax Reform bill was signed into law.  According to the NFIB, it hasn’t been cited by this few a percentage of businesses since 1982! Source:...

FANGs: Growth Investments Expensed on the Income Statement

The media is obsessed with supposedly bubble-like valuations of the FANG stocks—Facebook, Amazon, Netflix and Google (Alphabet). The FANG companies account for over 7% of the S&P 500 and sell at a weighted average P/E of 39 times consensus 2017 earnings. In our...

MAIN STREET IS KICKING WALL STREET’S ASS

“Main Street is roaring,” said NFIB President and CEO Juanita Duggan. “Small business owners are not only reporting better profits, but they’re also ready to grow and expand. The record level of enthusiasm for expansion follows a year of record-breaking optimism among...