Author Archives: Rick Pendergraft

Trump Trade Policies Creating Stronger Alliances Overseas and Weakening Some Domestically

President Trump has continued his goal of reshaping international trade agreements and he has stepped up his proposed tariffs in order to get cooperation from other countries. The most recent targets have been some of America’s biggest allies—Canada, Mexico and the European Union. The Trump plan does seem to be creating some cooperation abroad, but not cooperation with the U.S., ...

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Month of May Sees an Increase in Market Dispersion

The month of May ended last Thursday, and it was a positive month for all four of the main U.S. indices, but there were considerable differences in the performance of the Nasdaq and Russell 2000 compared to the Dow and the S&P 500. For the month, the Russell gained 5.95% and the Nasdaq gained 5.32%. The Dow only managed a ...

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NBA Wants to Assess Integrity Fee on Bets: Seriously? NBA and Integrity?

Last month, the Supreme Court announced a decision that allows states to decide for themselves whether they will make sports betting legal or not. That decision has created some interesting responses from the sports world. Sports leagues have voiced concerns about the chance of games be fixed becoming greater. Colleges and the conferences have voiced similar concerns. The NBA has ...

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Trump Administration Continues to Hammer China and Others

The Trump administration continues to hammer China and other countries with tariffs or at least the threat of tariffs. At this point there are three fronts where the President has focused his efforts to change trade: NAFTA, China and Steel. The newest tariffs were announced on Tuesday and they were aimed at China. Specifically on Chinese technology and they could ...

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List of Similarities to 2007 Continues to Grow

The summer of 2007 was an interesting one. Different aspects of the debt market were hot with investors and Wall Street couldn’t get enough of them. Collateralized Debt Obligations (CDO) and junk bonds were both getting gobbled up by investors looking for better yields. This morning while combing through different news sites, two different articles on Bloomberg caught my attention. ...

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High-End Retailers Faring Better Than Low-End Retailers

The latest round of earnings reports from the retail sector may be telling us more than we think. Over the last week we have gotten reports from numerous retailers and the results have been very mixed, but there is somewhat of a pattern. Macy’s (NYSE: M) reported last Wednesday and the high-end department store blew out earnings expectations and the ...

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Trade War Truce Just What the Doctor Ordered

So far in 2018, the choppy up and down moves have been based on one thing: President Trump’s tweets about trade issues with China. After an announcement was made on Sunday that the two parties are agreeing to a truce in the trade wars, U.S. and Chinese stocks jumped sharply higher. The details of the agreement still have to be ...

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Crypto Currencies: Oversaturated and Overexposed

I started writing for Bull Market Rodeo last August. Over the last 10 months I have written a number of articles that look at the sentiment indicators toward different stocks, sectors, commodities and the overall market. One of my favorite indicators is what I call the Average Joe Indicator and I wrote about it last August. I am a little ...

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Checking Account Balances As An Indicator Of Consumer Confidence

U.S. consumers are keeping more money in their checking accounts than at any time in the last 27 years, and one firm says that could be a bad sign for the economy. It also contradicts the current Consumer Confidence report from the Conference Board. Independent research firm Moebs Services has been analyzing checking account balances for over 25 years. According ...

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