At 4:01 a.m., a 10-foot-high vapor cloud started drifting across the floor… It was roughly 95% propane, 2.5% hydrofluoric acid, and 2.5% other hydrocarbons. It came from a busted pipe joint in the Philadelphia Energy Solutions refinery’s alkylation unit. And a minute later, it caught fire. You don’t need a chemistry degree to know that’s …
We’re Still Feeling This Accident in the Energy Sector Read More »
I don’t need to keep harping on the market’s struggles… Even with its most recent bounce, the S&P 500 Index is still down more than 16% in 2022. And the tech-heavy Nasdaq Composite Index remains in full-on crash territory. It’s down roughly 30% from its November 2021 peak. With stocks down, it means less money …
We’re Nearing the End of the Downturn… But We’re Not There Yet Read More »
Two major indexes just made history… The benchmark S&P 500 Index gained 5.5% last Thursday. And the tech-heavy Nasdaq Composite Index did even better. It climbed 7.4% that day. Neither index had surged that much in one day since 2020. And according to Dow Jones Market Data, it was the best “CPI day” performance for …
The Bear Market Ends After the S&P 500 Does This Read More »
Another surge of optimism is underway in the markets… As I’m sure you know by now, the latest inflation report came out last Thursday. And notably, the numbers came in a little bit better than the experts expected. Specifically, the Consumer Price Index (“CPI”) experienced its smallest monthly increase since January. Unfortunately, the year-over-year increase …
This Rally Is Likely More Fragile Than You Think Read More »
Penn Jillette and Raymond Teller dedicated their lives to magic… The two magicians started working together in 1975. And for nearly 50 years, Penn & Teller have wowed audiences all over the world. Since 2001, they’ve headlined a magic and comedy show in Las Vegas. They’ve made countless guest appearances on TV. They’ve had multiple …
Folks, I’m sure you’re tired of hearing this by now… But the reality is that most investors have endured a miserable year in the markets. The broad market S&P 500 Index is still down roughly 20% in 2022. And the tech-heavy Nasdaq Composite Index remains down about 30% over the same span. That’s a historically …
I’m Thankful for the Bright Spots in This Market Read More »
In June, I told a group of my paid subscribers that they “haven’t missed the energy boom.” We’ve already closed the position I recommended that month for a roughly 14% gain. And last month, we booked a 38% return with another leader in the energy space. Now, I’m not telling you all that to brag. …
Folks, I seem to have food on the brain… A week ago, I showed you that the latest inflation data pointed to canned soup. More specifically, Campbell Soup (CPB) is holding its own against the market… The S&P 500 Index, our broad measure for stocks, is down around 22% this year. But Campbell Soup is …
The Power Gauge Signals That It’s Time for a Drink Read More »
If anyone in the market was still optimistic… last week’s news likely killed that. The latest Consumer Price Index (“CPI”) numbers came out Thursday morning. And they were hotter than economists expected… Specifically, the CPI rose about 0.4% in September over the previous month. Or to put it more simply… the costs of goods that …
In his classic essay, “The Loser’s Game,” author Charles D. Ellis compared investing with a game of tennis… Ellis observed that professional players possess qualities that most amateurs don’t. The tennis pros have superior speed, strength, athleticism, and shot-making skill. Armed with these assets, they can take aggressive shots to capitalize on their foes’ weaknesses. …
