02 22 19 WOWS FULL ISSUE
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2/22/19Attention 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]
Head Fake Rally
Pamela Rosenau Warns of Higher Rates, Inflation, Labor Strife
The best way for me to introduce this issue’s featured interviewee is with some unusually full disclosure. Pamela Rosenau, the managing director and chief equity market strategist at HighTower Advisors and chief investment officer at the Rosenau Group — she whose arresting portrait graces this page — is far more than a friend whom I’m happy to claim.
I must disclose that Pamela manages a very substantial chunk of my retirement (what’s that?) assets — with her team at the Rosenau Group. Has done so since 2013. [More]
Hey, Carrie Ann
A Letter To A Prospective Credit Investor
2/22/19 8:00 AMBy David Edington
I understand that you are considering this strategy, and that you are perhaps in the final stage of making a decision. So, I thought I would send you this short note to explain why I LOVE this trade so much. [More]
What, Me Worry?
Reasons Aplenty For Caution On Credit
2/22/19 7:00 AMBy Paul Westhead
Trade wars, government shutdown(s), Brexit, China slowdown, record corporate debt with the weakest covenants…but the Fed’s on hold (for now)…so what, me worry?...just buy the dips.
Over the last few years, the credit markets have experienced a number of dress rehearsals for what a full credit cycle might look like, but the last few months in 2018 were particularly nasty. [More]
Basic Industry Gains
Accumulate Emerging Leaders On Weakness
2/22/19 9:01 AMBy Blaze Tankersley
The message in BHP is worth thinking about, it held up so well in the market turmoil and now breaks to fresh weekly highs, impressive in how it unfolded in light of the extensive global equity weakness we just saw.
We expect some consolidation against the SPX 2800 level because in aggregate that’s where you are going to find breakout levels in the average stock. [More]
Overbought Readings Point To Strong Bull Move
2/22/19 7:01 AMBy Gail Dudack
Technicals continue to strengthen and the 200-day MA’s have been exceeded in all three main indices. The Russell 2000 index is still trading below its 200-day MA; and though this index is the best performing index year-to-date, it also fell the hardest in the fourth quarter of 2018. [More]
How a Bogus Paper Gutted Workers’ Rights
2/22/19 4:00 AMBy Servaas Storm
It is often argued that strong labor protections for ordinary workers represent “luxuries developing countries cannot afford.” The idea is that laws governing wages and working conditions or facilitating collective bargaining must raise labor costs and prices, hence bring damage to business profits and firm investment, and in so doing destroy the exact jobs they were intended to protect. [More]
Acute Observations, February 22, 2019
Perceptive Commentary from February 1-22, 2019
2/02/19 8:00 AMZanny Minton Beddoes
Our cover argues that President Xi Jinping should reform China’s economy — both to calm the trade war with America and to make his country richer. After decades of economic progress, growth is slowing, the private sector is stifled by state-owned enterprises, the working-age population is shrinking and debt has surged. Meanwhile other countries complain that state-capitalism makes China a bad economic actor and a security threat. [More]
Web Links To Inform, Challenge, Even Enlighten...
National Emergency, Social/Financial Divide, Wealth Tax, Pencil Towers, Leveraged Loans, Algorythms, China, Coal, Robotics, Deutsche Bank
2/22/19 1:30 AM