Stocks Resume Upward Surge, While Stagnating Data Leave Bulls Little To Grab On To

By Albert Lu Eric Sprott, Chairman Emeritus of Sprott Inc. U.S. stocks jumped to record highs on Monday, with the Dow Jones Industrial Average surging more than 150 points. The S&P 500 and Nasdaq Composite followed suit, rising by 0.8% and 1.3%, respectively. President Trump expressed satisfaction, while claiming credit via Twitter: […]

Flawed Fundamentals Won’t Fly

IF ECONOMISTS DESIGNED AIRPLANES, WOULD YOU FLY? By Albert Lu Source: (cropped) It’s a fair question. Would you? Are their models robust? Are their predictions reliable? In other words, is their science sound? Don’t kid yourself; you know the answer. I suspect even economists would refuse to fly if their colleagues designed […]

Markets Admonish Fed: Powell Sends Stocks Tumbling

By Albert Lu Photo Source: The Federal Reserve Federal Reserve Chairman Jerome Powell spoke and the market didn’t like what it heard. “Powell basically told you the Fed put is dead,” was hedge fund titan David Tepper’s assessment of the chairman’s prepared remarks delivered on Wednesday, following the Fed’s scheduled two-day policy meeting. “Everything is […]