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@theMarket: Wild Week for Stocks
By Bill Schmick,
03:14PM / Friday, July 23, 2021
In just one week, the major averages have had a 3 percent swing from lows to highs. These gyrations go hand in hand with the high level of indecision investors are feeling right now. Can you blame them?   Last week, and into the end of the day on Monday, the S&P 500 Index registered a 3 percent decline. In the next few days, all of those losses were recouped and then some. While investors breathed a sigh of relief, I don't think we are out of the woods just yet.   Most strategists blame the decline in stocks on the free fall in yields. The U.S Treasury Ten-Year Bond (the "Tens") fell to 1.13 percent at its lowest point on Monday. At the same

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The Retired Investor: What's That Smell?
By Bill Schmick,
04:30PM / Thursday, July 22, 2021
Imagine opening your laptop or cell phone and catching a whiff of your favorite perfume. Scroll back to last summer's Maine vacation photos and smell the pine forest at your campsite. Digital scent technology can make that happen sooner than you think.   Digital scent technology, also called olfactory technology, is an engineering discipline that enables media, such as video games, movies, music and Web pages, to sense, transmit, and receive scent-enabled content. Simply put, the day when you can smell through the internet is almost upon us.   The market is tiny right now, with less than $20 million in sales, but it is expected to grow substantially by the

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@theMarket: Week of Surprises Keeps Investors Hopping
By Bill Schmick,
04:49PM / Friday, July 09, 2021
There were plenty of reasons why the stock market was a bit jumpy this week. Let's go through them.   Two weeks ago, I wrote that I was worried "that we could suddenly see a spike in new Delta variant cases that impacts economic growth. Remember that less than half of all Americans are fully vaccinated. President Biden, his chief medical advisor Anthony Fauci, and the Fed are all sounding warnings over this risk, yet the markets are ignoring it."   Investors finally caught on this week and began to realize the risk presented by the Delta variant and its impact on the re-opening of the U.S. economy. It is impossible, in my opinion, to maintain the

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The Retired Investor: China's Red Hand of Regulation
By Bill Schmick,
04:21PM / Thursday, July 08, 2021
Over the past several decades, investors, investing in China, have gotten used to the dichotomy of China's Communist-run, centralized government and its free-for-all stock market. That situation appears to be ending.   The latest (and most controversial) sign of China's increased interest in regulating and extending control of its largest companies came over the weekend. Fresh off the heels of a global $4.4 billion initial public offering, Didi, China's ride-hailing giant, was ordered to cease accepting new users, and to close down its app by China's internet regulators.   By midweek, the newly, U.S.-listed share price of Didi fell by well over

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@theMarket: Markets Grind Ever Higher
By Bill Schmick,
04:19PM / Friday, July 02, 2021
The S&P 500 Index is up 14 percent so far this year. Most other averages have similar double-digit gains. July is normally a fairly positive month (in general) for equities.  Does that mean we can expect equities to continue their bull run through the summer?   It certainly looks that way. Any pullbacks in stocks will likely be met by dip buyers. That could limit declines to a manageable level. A sustained rise in interest rates will likely wait until investors know with certainty the Fed's next move. The thinking is that there will be an announcement on tapering bond purchases, which may not happen until August, or September, if then.   Inflation

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