Return From Exile On Main Street

Color me incredulous. United Technologies recently revealed in a highly publicized announcement that it would keep roughly 1,000 jobs at Carrier manufacturing facility in Indianapolis that it had previously planned on shipping to Mexico. The deal to keep these jobs in Indiana was orchestrated by President-elect Trump and Vice President-elect Mike Pence, who of course is also currently the governor of Indiana. But since the announcement, many in the financial and mainstream media have decried the deal as misguided at best and pure crony capitalism at worst. My short response to all of the media criticism and bluster about the deal is the following: Are you kidding me?

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Positioning For The End Of The European Union

The U.S. stock market has done a marvelous job in recent weeks of pricing in all of the optimism and so much more associated with the now highly anticipated pro-growth policies that are expected to come with the next administration. But by pricing in all that is wonderful, markets are effectively ignoring the need to position for the various other outcomes that are anything other than completely awesome. But let’s suppose something entirely different happens between now and the time all of the changes the market is now so eagerly anticipating actually start filtering their way through the financial system -18 months to two years from now at the earliest. Let’s just suppose that the European Union starts to completely come apart over the coming year along the way. What might investors be doing differently today to begin pricing in such a possibility?

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Trump Rally Or Trump Mirage?

The U.S. stock market continues its post-election advance higher. But beware the mirage, as three important indicators raise legitimate concerns about the sustainability of the rally into the New Year.

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It’s The End Of The World As We Know It (And Stocks Feel Fine)

The resilience of the U.S. stock market remains nothing short of remarkable. We are literally watching the end of the world as we know it unfolding before our eyes with each passing week, yet we still find U.S. stocks hovering near all-time highs. How much longer can stocks continue to levitate as the world changes around them?

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Seeking Alpha Interviews: Eric Parnell, CFA

In the second Seeking Alpha-Lilamax interview, Jane King sits down with Gerring Capital’s Eric Parnell, CFA to discuss the market implications of the election, including long-term investment ideas.  “The things that have always worked will be the things that continue to work,” Parnell says. As he evaluates areas that have prospered in recent weeks, as well as value opportunities that have emerged.

Please click on the link to read more of my article on Seeking Alpha.