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@theMarket: Earnings Up; Stocks, Not So Much
By Bill Schmick,
03:00PM / Friday, April 20, 2018
Earnings season kicked off last Friday with the bank results. The numbers were stellar, but the stock prices of those companies fell hard. Since then, the same thing has occurred to any number of companies. What is going on?   At first, you might think it's classic "sell on the news" behavior where traders bid stock prices up prior to the earnings announcement and then take profits immediately after. However, a closer look reveals something different going on.   For months, investors were expecting a boost to corporate profits from the tax cuts passed by Trump and the GOP last year. Boy oh boy, we said, just wait and see how great earnings will be

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@theMarket: The Trump Trade Bluff
By Bill Schmick,
04:23PM / Friday, April 06, 2018
This week, our fearless leader upped the ante on the tariff tiff with China. It went like this: Trump announced his list. China announced theirs. And at the end of the week, the president sees them one better. Aside from the volatility, it is causing in the stock markets, not much besides headlines has been accomplished.   Are you seeing the pattern yet? Think back to Trump's schoolyard diplomacy with Kim Jong-un, the leader of North Korea. First, a furious exchange of tweets and name-calling between the two. That was followed by saber-rattling on both sides. More test missiles. Naval ships steaming toward the Peninsula. The media spent days explaining the "what

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@theMarket: Will April Be Better for the Markets?
By Bill Schmick,
04:36PM / Friday, March 30, 2018
It has been a tough month for stocks and February wasn't much better. Granted, it was a small price to pay for last year's great gains, but, as in life, all good things must come to an end. Will April bring more of the same for us or can we hope for something better?   Much depends on White House initiatives, "Spanky's" (the President's new nickname) tweets, and the world's response to the administration's trade war initiatives. None of the above is certain, and, as readers know by now, the markets hate uncertainty.    This quarter, both the S&P 500 and the Dow Jones Indexes have seen a nine-quarter win streak come to

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@theMarket: Trump's Trade Wars Sink Markets
By Bill Schmick,
08:55AM / Saturday, March 24, 2018
World markets declined again this week. Despite world condemnation, which included most of America's economists and corporations, Donald Trump unilaterally forged ahead in implementing his own brand of protectionism. Investors fear the consequences.   While tariffs on imported steel and aluminum are still being negotiated, the president has upped the ante and is now pursuing China. The United States has long accused China of stealing our intellectual property. The Chinese, of course, have denied that and so, for years the discussions went round and round — until now.   On Thursday, our president announced his intention to slap $60 billion of tariffs on

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@themarket: Trump's Tariff Talk Trashes Global Markets
By Bill Schmick,
04:42PM / Friday, March 02, 2018

When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!

— Donald J. Trump (@realDonaldTrump) March 2, 2018 Stocks declined this week. This is a typical and largely expected reaction that should see the averages re-test the lows suffered in early February.  Investors should understand that this is no cause for alarm.   In past columns, I had warned investors that there may be another shoe to drop before the correction in

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