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02 01 19 WOWS FULL ISSUE
An Alternative Way To View Or Print The Entire Current Issue As A Single Document
2/01/19Attention Paid-Up Subscribers: To read or print the entire current issue as a single document, use the "easyprint" feature in the "Nav bar" to the right to open it, or any of WOWS' individual features, as an Adobe PDF file, and then print it. Alternatively, you can click "more" at the bottom of this paragraph and then click the red Adobe icon that appears. Your second click will download the full issue .pdf file of WOWS' latest issue to your computer, a process that -- depending on the file size and your connection speed -- might take more than the blink of an eye. Then, depending on preferences you've set on your device, it will either open automatically or show up in your downloads folder, waiting to be opened. [More]
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Volatility & Optionality - Tom Petrie
Political Realities, Market Fragility & A Strong U.S. Export Position
2/01/19When I last interviewed Petrie Partner’s non pareil founder, Thomas A. Petrie in these pages, just about exactly three years ago, I wrote, “For clear-eyed and level-headed insight into what’s ailing oil, and just how contagious it might — or might not — be, I called Tom Petrie, he of Denver’s Petrie Partners and noted author. Despite his long and storied career as an oil patch investment banker, Tom is still, quite simply, the most insightful and markets-savvy energy analyst I’ve ever come across — and I know quite a few."
I wouldn’t change a word, though gosh knows the energy market and the world have changed quite a bit. Remarkably in ways aligned with Tom’s 2016 musings." [More]
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| “Tax The Rich”
Let’s Look At The Facts: Top 5% Pay 59.6% Of Income Taxes
2/01/19 7:00 AMBy Robert Eisenbeis
As the political season begins to heat up for 2020, we have seen an increasing number of proposals to provide free education, free healthcare, a universal guarantee of a living wage, etc. With an historic level of public debt topping $21 trillion and a deficit of nearly $1 trillion and projected to climb even more in 2019, the logical question is how will the advocates for all those free programs pay for their suggestions, some of which have been priced out in the neighborhood of $30 trillion? The almost universal response is to raise tax rates on the wealthy so that they can “pay their fair share.” Let’s look at some facts. [More]
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“Normal Markets”
A Big Shift Seems In The Works To Cyclicals And Value Stocks
2/01/19 9:01 AMBy Blaze Tankersley
Over the last several months we have seen some rather intriguing and I suspect, key, developments begin to show up in our relative strength work. I had begun slowly building value arguments since we started talking about EM, KWEB and industrials in the beginning of 4q and now pitching value broadly at the turn of the year in many cyclical areas but it’s been awfully hard to really embrace this thought given the action into December in SPX, naturally. [More]
| | Made In China
Global Recession And Bear Market
2/01/19 7:01 AMBy Michael Belkin
The Chinese economic downturn is spreading through corporate earnings like gangrene. Recently Apple, Intel, Samsung, Taiwan Semi, Nvidia, and Caterpillar have all missed earnings and revenue targets and/or reduced forward guidance, blaming China. [More]
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Acute Observations, February 1, 2019
Perceptive Commentary from January 12-February 1, 2019
2/01/19 8:00 AMWalt Hickey
On March 1, Tesla will owe $920 million to creditors. It’s a convertible note, meaning that Tesla will either have to pay in cash or, if their stock is at a certain level, they can avoid the payment by exchanging the note for a mix of stock and cash. The issue? Tesla needs to be worth $359.87 per share to hit that swap level, and they’d need to jump about 21 percent from their current level to make that possible. [More]
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Web Links To Inform, Challenge, Even Enlighten...
LBJ Archives, World Economic Forum, Hedge Funds, Sanctions, Schultz, Chinese Telecoms, Facebook, Mueller, Brexit
2/01/19 1:30 AM
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