MEMBER SIGN IN
Not a member? Become one today!
         iBerkshires     Berkshire Chamber     MCLA     City Statistics    
Search
Home About Archives RSS Feed
@theMarket: Cross Currents Confuse Investors
By Bill Schmick,
12:42PM / Saturday, March 27, 2021
You would think that with a $1.9 trillion spending package, an increasing rate of coronavirus vaccinations, and a potential $3 trillion infrastructure package waiting in the wings, the market would be at record highs. That it is not should tell you something about the indecision plaguing investors.   When good news fails to impress, it usually means stocks (or at least some stocks) are headed lower. That should come as little surprise to readers. I advised investors to raise cash last month in preparation for what I see as a buying opportunity this month. The challenge — when do you put that cash back to work?   No one can call a bottom in stocks, so last

0 Comments
Read More >>

The Retired Investor: Cannabis Catalysts Coming Soon
By Bill Schmick,
12:39PM / Friday, March 26, 2021
Last week, a bipartisan slate of U.S. Senate co-sponsors introduced the Secure and Fair Enforcement Banking Act (the SAFE Act) that would allow the cannabis industry to tap the federal banking system. If passed, this could be a game changer for marijuana companies.   The SAFE Act has already been passed by the House back in September 2019 but was never brought up for a hearing, much less a vote in the Senate.   The bill's author, Congressman Ed Perlmutter, a Colorado Democrat, has introduced several versions of this bill many times over the last eight years. During that time, the legalization of marijuana has moved from a pie-in-the-sky hope of a few

0 Comments
Read More >>

@theMarket: Rising Rates Create Headwinds for Stocks
By Bill Schmick,
04:36PM / Friday, March 19, 2021
The saga of rising interest rates in the long end of the U.S. Treasury market continued this week. Investors, fearing runaway inflation, sold both bonds and stocks. Will the selling continue, or Is this a buying opportunity?   It depends upon which asset class we are talking about. Yields on the 10, 20, and 30-year U.S. Treasury Bonds, I believe, will continue to rise. How far? It is possible that the benchmark "Tens" could finish the year at 2 percent. In the short-term, however, I expect yields to fall a bit on profit-taking.   Last week, I warned readers that the rise in rates was not over. I expected yields on the U.S. Ten Year Treasury Bond to hit

0 Comments
Read More >>

The Retired Investor: Food Scarcity in a Nation of Obesity
By Bill Schmick,
04:10PM / Thursday, March 18, 2021
Thirty-three percent of adults are obese, while ten percent of households with children are facing a food crisis. This is happening together, at the same time, in the same place — America. How can this be?   During the height of the pandemic, if you recall, the media featured long lines of hungry Americans queuing up at food banks and other community centers for food to feed their families. That was a shocking sight to me. In the supposed wealthiest country in the world, where Americans usually throw away more food than they eat, there are people going hungry? I thought it must be caused by supply chain problems, not the scarcity of food.   Digging deeper,

1 CommentRead More >>

@theMarket: Tech Stocks Rise From the Dead
By Bill Schmick,
04:44PM / Friday, March 12, 2021
The large cap technology sector bounced back this week as bond yields fell. It is a see-saw market filled with several cross-currents. But if you want to know where stocks are going, keep your eyes focused on the U.S. Ten-Year Bond yield.   In my last column, I explained how rising bond yields are like kryptonite to the continued performance of what I call "super tech stocks." Over the last two weeks, the NASDAQ 100, for example, experienced a 10 percent-plus down draft, as bond yields rose to 1.60 percent from 1.25 percent. Investors sold FANG stocks, and technology shares in new-era sectors, like solar and electric vehicles, and bought old economy stocks, like in

0 Comments
Read More >>

NorthAdams.com is owned and operated by: Boxcar Media 106 Main Sreet, P.O. Box 1787 North Adams, MA 01247 -- T. 413-663-3384 F.413-663-3615
© 2008 Boxcar Media LLC - All rights reserved