Select Page
Lots of Fuel

Lots of Fuel

Most of this huge pile of money will eventually find its way back to stocks: $15.4 trillion cash in bank accounts right now, a new record. Recently up 15% the previous 3 months, another record. Combined with the record of nearly $5 trillion in money markets. Hat tip...
Booze Taxes State by State

Booze Taxes State by State

Of all alcoholic beverages subject to taxation, stiff drinks—and all distilled spirits—face the stiffest tax rates. Ostensibly, this is because spirits have higher alcohol content than the other categories, like wine and beer. This round of information is on us, so...
Huge Week For Spotify

Huge Week For Spotify

Spotify is heading for its best weekly gain in history.  At mid day shares are up 5% as it extends its weekly rally to 33%.  From the March lows SPOT has gained 120%.  The current leg of this rally got a powerful earnings inspired jolt on April 29th: ....
Where Will This Money Go?

Where Will This Money Go?

During this year’s Covid inspired selling panic investors fled equities at a pace far greater than during the 2008/2009 global financial crisis.  Will investors be happy with 1% returns for very long?  Unlikely.  Without a full blown bear market and an economic...
Biotech Continues To Consolidate

Biotech Continues To Consolidate

The consolidation pattern in the Biotech ETFs has been very orderly.  Both the IBB and BIB Indexes have remained above major support during this healthy six week action.   We remain bullish on the sector and expect an upside breakout in the near term.  Key hurdle for...