Author Archives: Rick Pendergraft

Japan: The Forgotten Asian Market

Over the past year, investors have had plenty to distract them from actual market news. You have the ongoing trade disputes between the U.S. and China, the U.S. and the European Union, and the U.S. and its NAFTA partners. There have also been meetings between the U.S. and North Korea and between North Korea and South Korea. There is the ...

Read More »

Global Stocks Shake Off Escalating Trade Dispute

The U.S. and China have traded their latest barbs in the trade dispute with President Trump announcing new tariffs on $200 billion in Chinese goods and China firing back with new tariffs on $60 billion in U.S. goods. But global equity markets shrugged off the latest round of tariffs with indices around the globe moving higher. This suggests that either ...

Read More »

Yet Another Indicator is Flashing a Warning Sign

Over the past few months I have brought a number of different market and economic indicators that are hitting levels not seen in decades. The 10-year bullish run in stocks is a historic one and it has investors wondering how much longer it can last. There was another indicator released last week that suggests investors should be cautious. The indicator ...

Read More »

My Theory on the Trade Tensions and the Midterm Elections

Over the last couple of weeks, I have read several articles about the midterm elections and how they might impact the stock market. I have also been asked by friends what I thought would happen if the Democrats take control of Congress. I have seen articles that argue that if the Democrats take control of the House, it will increase ...

Read More »

Consumer Confidence and Investor Sentiment – Too High?

The latest Consumer Confidence report was released on August 28 and the index is reaching levels not seen since 2000. The index is broken down in to three parts—the present situation, expectations, and the total. The total reading jumped to 133.4 in August and that is the highest reading since October ’00. The present situation portion of the index jumped ...

Read More »

Commitment to Shorting FANG Stocks Increases, But It Isn’t A Sign of Increasing Pessimism

I have written several articles about the FANG stocks with the most recent one being one month ago. In that article I compared the earnings disappointments of Facebook and Netflix with the earnings disappointment from Microsoft back in April ’00. A recent Bloomberg article about the FANG stocks caught my eye because it talked about how short interest was increasing ...

Read More »

We Need More Business Leaders to Think Like Henry Ford

Reading and watching different things over the weekend, there were a number of stories about the S&P hitting a new all-time high. We are wrapping up another earnings season and corporate profits are at or near record highs. I also had friends and acquaintances talking about the market and pondering how long the market can keep going. Obviously I don’t ...

Read More »