Author Archives: Rick Pendergraft

President Trump Extends An Olive Branch In Trade Negotiations

The talks of trade tariffs between the United States and other countries, specifically China, have wreaked havoc on global stock markets for the last four months. With the two biggest economies in the world seemingly at odds, who can blame investors for being nervous. On Sunday, President Trump extended an olive branch to China ahead of the second round of ...

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Oil Prices Jump, But What Is The Real Reason

The price of West Texas Crude jumped to its highest level on Wednesday, one day after President Trump announced that the U.S. was pulling out of the Iran Nuclear Deal. The president has been talking about pulling out of the deal since he got elected, so I’m not really sure why it should be viewed as a big surprise and ...

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Consumer Confidence Is High, But That Isn’t The Concern

Since the market started experiencing the major swings back in late January, the biggest question that seems to be on everyone’s mind is whether this is the start of the next bearish phase or not. After watching the market go straight up in 2017, all of the sudden investors are concerned. But I don’t think we need to be worried, ...

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Despite Wage Pressure, Inflation Stays in Check

When world equity markets got spooked at the end of January and beginning of February, it was inflation concerns that seemed to start the selling and caused a big spike in volatility. We saw the longest stretch without a five percent correction come to a halt and February ended up being the second down month for the indices in the ...

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Can the Ten-Year Treasury Yield Be Used as a Stock Market Indicator?

With stocks soaring and bonds sliding, the relationship between equities and debt instruments is being looked at in a number of different ways. Investors are questioning whether stocks and bonds can move up at the same time, meaning bond prices are rising but yields are falling. A recent article in the Wall Street Journal featured statements from Bank of America ...

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Business Optimism Running High, Could It Bump Inflation Due To Wage Growth?

Several different business surveys are showing that business leaders are more optimistic than at any time in decades. The optimism is coming with one main concern though and that is supply of qualified workers. JP Morgan released its annual survey of business leaders earlier today and it showed small and mid-sized businesses are incredibly optimistic about the economy. The survey ...

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Searching for Answers in the Wake of the Latest School Shooting

I struggled with my decision on whether to write this article or not. Bull Market Rodeo features commentaries on politics, policy, the economy and investing. I tend to keep my commentaries focused on the market and the economy. But the latest school shooting has occupied my mind for the last few days and I felt the need to express my ...

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