EATING OUT EXCEEDS EATING IN FOR THE THIRD MONTH IN A ROW
EATING OUT EXCEEDS EATING IN FOR THE THIRD MONTH IN A ROW Based on today’s Census Bureau report on April retail sales, consumer spending at “Food Services and Drinking Places” (restaurants and bars, see red line) was greater than grocery... Read More →
The Latest Giant Sucking Sound – US Stops Subsidizing Global Growth
The US stock market outperforms the rest of the world as the US begins removing subsidies. Forever, it seems, our macroeconomists and high-level policy experts have explained that the “free trade” deals they and their acolytes negotiated would promote economic... Read More →
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... Read More →
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... Read More →
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... Read More →
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... Read More →
BUSINESS PEOPLE MUCH LESS CONCERNED ABOUT REGS AND TAXES
The percentage of small businesses citing Taxes or Regulation as their number one problem is at an 8-year low. https://t.co/PofU9phAzD pic.twitter.com/CdRJ5qHPxN — Bespoke (@bespokeinvest) March 13, 2018
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... Read More →
List of Tax Reform Good News
List of Tax Reform Good News Source: List of Tax Reform Good News | Americans for Tax Reform
STOCK MELT UP COMING FROM BOND SELLING
Higher treasury yields = selling of treasuries. Selling of treasuries = proceeds that typically get reinvested in equities. Reallocation of funds from the bond market to the stock market = exactly what we’ve been witnessing for the past several months,... Read More →