The table below is a list of the 25-top performing ETFs over the last ten years. As you will see, the majority of the Exchange Traded Funds on this list produced returns of 15% or more on an annualized basis, with the top ETF returning more than 19% a year on average over the past decade. That would equate to roughly a 250% return before any dividends or fees.
Continue reading "Top 25 ETFs To Have Owned Over The Last Decade"
It’s time to find out in this traditional yearly post if there were any currencies that could beat the mighty gold this year.
7 currencies represent the fiat money: US dollar (USD) and 6 components of the US dollar index (DXY) placed by weight: euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona (SEK) and the Swiss franc (CHF). This time I added the Bitcoin from the crypto-world.
Before we get down to the results of 2019, let us see below how you forecasted the future back at the end of December 2018.
The majority of you again, as last year, bet that the primary currency (USD) would defeat all other rivals to come out on top in 2019. The readers’ geography played a crucial role here. The second choice was the Japanese yen; I guess it was selected as it topped the chart last year.
Bitcoin ranked the third; it was the top loser last year. It looks like some readers watch my Pendulum experiments closely.
Let’s look at the diagram below to find out the results. Continue reading "Top Currencies VS. Gold In 2019: Last Man Standing"
As loyal readers of this column may have noticed by now, I've been pretty supportive of the Trump Administration. However, I do part ways with it when it comes to financial regulation and the dismantling of the Consumer Financial Protection Bureau.
Some of the reforms enacted by the Obama Administration after the global financial crisis, namely the Dodd-Frank Act, may have overdone it a bit in terms of increased bank regulation. And certainly, the CFPB under its former director, Richard Cordray, grossly overreached in how it regulates and punishes lenders, often unfairly. Still, that doesn't mean we need to go back to the days before the financial crisis and plant the seeds for another one in the future.
Senator Elizabeth Warren, despite her recklessly pandering and unworkable ideas like wealth taxes and Medicare for All has been right on reining in the banks. While Dodd-Frank did impose some needed restrictions on what banks do, it clearly hasn't done enough in some areas – like curbing criminal behavior – and the rollbacks enacted by the Trump Administration go in the wrong direction. Besides, the banks have managed to make plenty of money under these restrictions.
Right now, two banks, JP Morgan Chase and Bank of America have well over $2 trillion in assets, while two others, Wells Fargo and Citigroup, are just below that mark. Wells Fargo would have gone over that level except for the fact that it is restrained from growing its assets by an unprecedented Federal Reserve order due to its many scandals over the past several years. Those are pretty dangerous levels if you ask me – certainly Too Big to Fail dangerous.
But one of the worst ideas the Trump Administration is pushing now is returning Fannie Mae and Freddie Mac to the private sector. Essentially, it would re-establish the status quo ante the 2008 financial crisis. Continue reading "If It Ain't Broke, Don't Fix It"
Gold futures in the February contract is currently trading at 1,516 an ounce after settling last Friday in New York at 1,480 up about $36 for the trading week hitting a 7-week high as the commodity markets are starting to follow the S&P 500 to the upside.
I have been recommending a bullish position from around the 1,495 level if you took that trade continue to place to stop loss under the 10-day low standing at 1,474 as an exit strategy as the chart structure will also improve next week as the risk will also be lowered. Gold prices are trading above their 20 and 100-day moving average telling you that the trend is to the upside with the next major level of resistance on the daily chart at 1,525 / 1,550 as that could possibly be tested in next week's trade. Gold is trading higher for the 4th consecutive session as
I also have a bullish silver trade as I think the commodity markets in 2020 will have a significant rally to the upside as historically speaking, prices look cheap. The U.S. dollar is hovering right near a 4 month low as that is a bullish factor towards higher gold prices as this is the 1st time in a while that the precious metals and stock market are moving higher in unison which is a terrific thing to see so stay long.
TREND: HIGHER
CHART STRUCTURE: SOLID
VOLATILITY: AVERAGE
Silver futures in the March contract settled last Friday in New York at 17.22 an ounce while currently trading at 18.01 up for the 6th consecutive session hitting a 7-week high.
I have been recommending a bullish position from around the 17.45 level, and if you took that trade, continue to place the stop-loss at 16.56 as an exit strategy. The U.S. dollar is trading right near a 4 month low as that is a fundamental bullish factor for the entire precious metal sector in the coming weeks ahead. Continue reading "Weekly Futures Recap With Mike Seery"
Baby Yoda and the phase one trade deal comes to Hasbro’s (HAS) recuse after a disastrous Q3 earnings call that resulted in the stock sinking 17%. Per Brian Goldner, “the threat and enactment of tariffs reduced revenues in the third quarter and increased expenses to deliver product to retail.” I feel that management was remiss when they forecasted their ability to circumvent the tariffs and then used the tariffs as a scapegoat to justify the company missing its numbers on both top-line revenue and bottom-line profit. Now the backdrop has changed in Hasbro’s favor with the phase one trade deal with China being reached and of course, the new internet sensation Baby Yoda.
The company is in a solid position moving into the holiday season, historically their biggest quarter, with blockbusters and the holidays coming into the fold. Hasbro has its Disney toy licensing deal (Marvel, Star Wars and Disney Princess lines) that should have a strong showing with Frozen 2 and the new Star Wars film with Baby Yoda debuting in Q4. Hasbro Studios (Transformers’ Bumblebee, My Little Pony, Power Rangers), E-Sports (Dungeons and Dragons and Magic: The Gathering), its legacy games (Monopoly and Nerf) and acquisition of Entertainment One earlier this year places the company in a position of strength. Hasbro has a compelling future across its portfolio with many catalysts in the near and long-term time horizons.
Figure 1 – Baby Yoda making his appearance last month in The Mandalorian on Disney+
The U.S. and China came to terms on a phase one trade deal, benefiting any company that sources and manufactures its products in China. Hasbro has already migrated some of its supply chain away from China as a risk mitigation strategy due to the trade tensions between the two nations. The phase one trade deal provides Hasbro with supply chain flexibility and additional time to make any necessary adjustments to its business model. The previous quarter Hasbro lost momentum and attempted to attribute this to the tariffs. Now, this tariff headwind has been removed for the time being, allowing Hasbro stock to appreciate on the news. Continue reading "Baby Yoda and Phase One Trade Deal Propels Hasbro"
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