About an hour ago, the news broke that Treasury Secretary Scott Bessent told a group of investors at a JP Morgan event in Washington DC that he foresaw de-escalation of the current trade tension with China as the situation was…
When I won The WSOPc Monster Stack at Thunder Valley on Wednesday October 2, 2024, it was the culmination of a long poker journey. And it was a new beginning as well: having done it once, I knew that I…
Staples exhibit sustained leadership in bear markets, not bulls – Steve Strazza, “A Bear Market Base”, The Strazza Letter, April 16, 2025 It’s hard to gain perspective on the market given the daily swings we’re experiencing. In order to do…
While he’s making a mess of it, Trump’s ultimate objective with his tariffs is to bring manufacturing jobs back to America. One company that would benefit from that is $7 billion Rexford Industrial (REXR), an Industrial REIT that owns industrial…
In “The State of the Market After Wednesday’s Historic Face Ripper” (Wednesday April 9, Top Gun Financial), I argued that it was a mistake to view that day’s action as an “all clear” signal because the market had been struggling…
Yesterday morning I was playing Flight 1B of the $600 $150,000 Guarantee Mini-Main at the Peppermill. I can’t remember why but the conversation turned to each of our histories playing poker and dealing in Reno. I said that I had…
These kinds of monster rallies tend to show up during bear markets — when volatility is elevated and emotions are running high – Alfonso DePablos, “A Day For The History Books”, April 9 Wednesday’s historic rally can best be described…
[We’ll be] making a lot more stuff in America, high-tech manufacturing, security goods, autos, a lot more stuff across the industrial spectrum. If you create good jobs for people, they have an easier time forming a family, getting married, having…
Not many people know that Adam Smith’s primary target in The Wealth of Nations was Mercantilism, the reigning economic theory of the time. He called his book “an attack on the whole commercial system of modern Europe”. Mercantilism was focused…
Almost 100 years after the start of The Great Depression there is still a lot of debate about what caused it and why it lasted so long. But it’s almost certain that The Smoot-Hawley Tariffs and bad monetary policy played…