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@theMarket: Corvid-19 Impact Coming Home to RoostBy Bill Schmick,
04:11PM / Friday, February 21, 2020 | |
It began Sunday night with a warning from one of America's largest icons. Through the week, other companies followed suit, issuing warnings that the China-spawned virus is beginning to impact revenues and profits. Investors are bracing for further announcements in the days ahead.
Now that the Corvid-19 virus has been spreading out through the world for more than three weeks, some companies are beginning to get a handle on at least some of the damage that will incur to their businesses as the virus persists. Apple was the first major company to warn investors that their iPhone sales in China will take a hit in the first quarter. Since then, a number of companies have 0 Comments
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@theMarket: Central Banks Stem Coronavirus FalloutBy Bill Schmick,
11:48AM / Saturday, February 08, 2020 | |
Financial markets rebounded this week, despite the escalation of the number of coronavirus cases worldwide. The upturn may have surprised some, but their mistake was underestimating the power of central banks to support the markets.
The bear case last Sunday evening was that the Chinese stock market would crater upon opening after being closed for Golden Week, the traditional Chinese New Year. While Shanghai did open down 9 percent, it quickly reversed and spent the rest of the week climbing out of that hole.
The main reason for this rebound was the announcement by Chinese authorities that they were prepared to support their financial markets. Publicly, they 0 Comments
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The Independent Investor: The Great Tax MigrationBy Bill Schmick,
01:00PM / Friday, February 07, 2020 | |
Americans have been moving from high tax states to lower tax states for decades.
Climate, cheaper housing prices, less congestion, and jobs are some of the reasons behind such moves. That trend, however, has added taxes to that list, thanks to the Tax Cuts and Jobs Act of 2017.
Many of those reasons for moving have been with us ever since Horace Greeley, the American author and newspaper man, reportedly first advised America's youth to "Go west." Back in 19th-century America, the country had embraced the concept of "Manifest Destiny." The Horace Greeleys of the world had argued that it was inevitable, justified, and our God-given 0 Comments
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@theMarket: Coronavirus CorrectionBy Bill Schmick,
04:43PM / Friday, January 31, 2020 | |
The death toll mounts. The number of cases worldwide builds. Every new update drives the stock market up or down. Where it will end is anyone's guess.
It is called a "geopolitical" event. We suffer through them from time to time. The assassination of Iran's key military leader followed by the Iranian rocket attack on two Iraqi military base that injured dozens of American servicemen was the last such event. We never know when they will occur and, in some ways, these events are simply the price of doing business in the financial markets.
Some market watchers, while recognizing the severity of the coronavirus outbreak, argue that the markets 0 Comments
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@theMarket: FOMO Infects InvestorsBy Bill Schmick,
04:55PM / Friday, January 24, 2020 | |
The stock market is frothy. The great gains that investors experienced last year are extending into this year. As the indexes climb, more and more of those on the sidelines are jumping in. Is this a good sign?
No, it isn't. "The Fear of Missing Out," or FOMO is rearing its greedy head on Wall Street. Those who may have raised some cash in the past few months, fearing a trade war, or the impeachment proceedings, have watched the portfolios underperform the averages, ignore all the negative news and climb higher.
On the geopolitical front, we have seen the same thing. Selling on fear of an Iranian response to the killing of one of their heroes 0 Comments
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| Bill Schmick is registered as an investment advisor representative and portfolio manager with Berkshire Money Management (BMM), managing over $200 million for investors in the Berkshires. Bill’s forecasts and opinions are purely his own and do not necessarily represent the views of BMM. None of his commentary is or should be considered investment advice. Anyone seeking individualized investment advice should contact a qualified investment adviser. None of the information presented in this article is intended to be and should not be construed as an endorsement of BMM or a solicitation to become a client of BMM. The reader should not assume that any strategies, or specific investments discussed are employed, bought, sold or held by BMM. Direct your inquiries to Bill at 1-888-232-6072 (toll free) or email him at Bill@afewdollarsmore.com Visit www.afewdollarsmore.com for more of Bill’s insights. |
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