Promoting Useful Knowledge

Well last week, I wrote up a bit about Kodak, and it seems that enough other, more prominent people, did as well. Now, the government thinks there should be an investigation. While I think this looks extra fishy, I do also think that Kodak will have the proper documentation around this to make enough of a case that this was legal. So we’ll probably have some grandstanding around this, but let’s be honest, we need Kodak here and it’s not that far outside their core business.  U.S. to investigate Kodak's government loan deal, Trump says I don’t know what the Democrats were thinking here. Did they think they would back the Republicans and Trump into a corner and they would just give up? This negotiation to help the American public is a disaster, and on Saturday night The President acted. What surprised me about this was the reaction of the markets? As of this morning, they are basically flat. We’ll have to see where this goes from here, because the government needs to fund these order...

China has been in the news a lot of late. There has been a lot on COVID, Trade, and diplomatic disputes, but recently we’re seeing something that has the chance to be the biggest of all stories coming from the region in years. As the East coast preps to be pummeled with rain from Tropical Storm Isaias, China has been dealing with an extra heavy rainy season of epic proportions and it’s putting their people and the world’s economy at risk. I found the Tweet storm from The Huntsman and knew it was going to be hard to beat as the best of the week. Granted those crooks over at Eastman Kodak gave it a run for the money. I mentioned that with my new role at Refinitiv, I’ll be going a little deeper into some of the analysis on these stories. There’s a little extra on the Kodak sketchiness and possible Fallen Angels. I recommend a quick look at the last article in the post, especially if you have an interest the more humans going to space. Virgin Galactic gives us a look inside their new s...

I've amended my last internal only blog for public consumption. This was originally published the morning of July 20, 2020. A lot of the content I consumed last week had more of a bearish tilt, which makes me question the direction these markets will take over the next few weeks. No, it’s not what you’re thinking. If many are still bearish and we have a Fed backstop, how do we not continue to move higher?  Earnings’ Season is back with 25% of the S&P 500 reporting this week.The reports this week are expected to be messy. When will we start to get some forward looking guidance? There are a few things, outside Earnings, to watch this week that could affect where we end the week.  One of the biggest is probably not even on your radar.  The EU Economic Summit extending into this week could have a major impact on global markets. I don’t think there’s been enough coverage of this in the Americas. What is it? Well, the EU leaders are trying to settle on an economic aid pack...