Author Archives: Rick Pendergraft

Special Report: 2018 Sector Outlook

With only a few weeks of trading left before we close the books on 2017, we thought it would be of interest for our readers to look ahead to 2018 and evaluate each of the main sectors. Most of the domestic indices are at or near all-time highs and investor sentiment is reaching extremely optimistic levels. While the new highs ...

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Time To Play “What If” With The Fed Meeting

In what will be the final FOMC meeting for Fed Chairman Janet Yellen, the investment world is set for another 0.25 percent rate hike. The current probability based on the pricing of Fed Funds futures is at 90 percent. I would say that is about as certain as you can get. With that level of certainty, that leaves us with ...

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A Repeal Of Net Neutrality Could Undo The Net Gains Of The Tax Bill

On December 14, the Federal Communications Commission is scheduled to debate regulations that were put in place just two years ago. At the heart of the hearing is whether the internet should be treated as a utility for communication or an information service. This might not seem like a big deal, but trust me it is. As it stands right ...

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End of November Brings Several Firsts for Spyders

With November trading coming to a halt and with the indices moving higher and higher, several things happened that had never happened before for the SPDR S&P 500 ETF (NYSE: SPY). First, the Spyders have gained ground in each of the last 13 months, the longest monthly winning streak ever for the original U.S.-based ETF. The Spyders started trading in ...

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Supreme Court Case Could Change The Landscape Of Sports Betting

Early in December the United States Supreme Court is set to hear the case of Christie v. NCAA. In legal terms, the case is founded on the Tenth Amendment and the Commerce Clause, but at the core of the argument is the Professional and Amateur Sports Protection Act (PASPA) of 1992. The NCAA, NFL, MLB and other sports leagues argue ...

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Potential for Tax Reform Could Prevent Year End Selloff

With the bulk of stocks enjoying a rise this year and many stocks and indices near or at all-time highs, under normal circumstances, it would make sense for investors to take some profits off the table. However, with the possibility of tax reform seemingly certain, at least in some form, many investors may choose to hold on until after the ...

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Venezuela In Default

Back at the end of October I wrote an article on Venezuela and how close the country was to default. The title of the article was “Venezuela Averts Default, But For How Long?” That question has now been answered, it took 16 days. According to S&P Global Ratings the South American country defaulted on a payment Monday after the 30-day ...

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