Consumer Discretionary Sector Shows Enormity of the Beat-Down

by Tom McClellan Investors’ appetites for risk taking can be measured with the comparison of the Consumer Discretionary sector versus Consumer Staples.  The big shift in their behavior recently shows the huge abandonment of risk appetite in October to November 2018, but it also creates a huge oversold opportunity. The staples companies make things which … Read more

How come there are so many billionaires in communist China?

From Bloomberg: It’s official now that Jack Ma, chairman of the Chinese e-commerce giant Alibaba Group Holdings Ltd., is a member of the Communist Party. He’s also the richest of a growing gaggle of high-net-worth individuals in China, who between them control $6.5 trillion. The story of how China’s Communist Party, long an opponent of capitalist ideology, created one … Read more

Feds at Chicago alderman’s office! Search warrants being served at two Burke offices

Source says feds showed up this am, asked everyone to leave and put brown paper on the doors. pic.twitter.com/4qJBwzoKF4 — Fran Spielman (@fspielman) November 29, 2018 Federal agents showed up unannounced at the City Hall office of Finance Committee Chairman Ed Burke, kicked everyone out and papered over the windows Thursday morning. The exact nature … Read more

Dershowitz Rips Mueller for ‘False Statement Prosecutions’

Thursday, Harvard law professor Alan Dershowitz called into Fox News Channel to react to the breaking news of Donald Trump’s former lawyer, Michael Cohen, reaching a plea agreement with FBI special counsel Robert Mueller to plead guilty for lying to congressional committees as part of the investigation into Russian collusion in the 2016 election. Dershowitz … Read more

Merkel plane nearly crashed

technical defect of merkels plane via google translate: Technical problems in the government plane! On the way from Berlin to the G20 summit in the Argentine capital of Buenos Aires, the government machine with German Chancellor Angela Merkel (64, CDU) and Vice-Chancellor Olaf Scholz (60, SPD) in Cologne between land. The reason is a Technical … Read more

GREG MANNARINO: The Central Banks Will KEEP You GUESSING, While They GET RICHER!

Portfolio Wealth Global, Released on 11/29/18 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book … Read more

If You Want to Safely Profit from the Global Cannabis Boom, Invest in the Beverage Industry

BY ROBERT ROSS “Jeff Sessions leaving office is a definite win for the cannabis industry.” That’s a quote from Jeffrey Zucker. He’s the president of Green Lion Partners, a business strategy firm focused on the cannabis industry. Zucker refers to the recent resignation of US Attorney General Jeff Sessions. Sessions was a well-known critic of cannabis. … Read more