Archives: Mish's Daily

The Fed and the Brown Earth Dog

Mish Schneider | March 21, 2018

Someone told me recently that the public has no interest in interest rates. Really? Besides scoffing at this person’s low-bar view of the public, I am also publicly disagreeing. Or, let me put it this way-if you represent John and Jane Q. Public and do not think rates are something you should at least have a rudimentary knoweldge about, think again. They do affect you. And the market. How do they affect you? Up until

The Bulls Still Have Granddad

Mish Schneider | March 20, 2018

You all remember the patriarch of the Modern Family-Granddad Russell 2000 or IWM? He gained that distinction as most of the 2000 small cap stocks in his index represent U.S. companies-an excellent barometer for the US economy and market sentiment. Its top holding is Nektar Therapeutics NKTR. That stock, in the Health care field, rocketed at the end of 2017 after forming a 16-year base. Next is Bluebird Bio Inc., also in the Health care

Market Flips Over

Mish Schneider | March 19, 2018

The road is perfectly straight and dry. However, it is heavily trafficked. One impatient driver decides to pass as many cars as he can by accelerating well beyond the speed limit. He puts metal to the pedal, disregarding the oncoming traffic. Lucky for him, he has a seatbelt on while his car flips over several times. The car stops upside down. The man, hurt, still lives. The bulls in the US dollar, the overall market,

Moby Dick Guns for Sister Semiconductor Mermaid

Mish Schneider | March 13, 2018

I shot this photo using my iPhone, while on a whale watching boat. The boat took us on the Pacific Ocean about an hour north of Puerto Vallarta. Last week, I compared Semiconductors (SMH), not only to Wonder Woman, as I have done many times before, but also to a mermaid. After all, she flies and she swims. The market’s last rally is because of her super powers. However, I also queried about how long

The Market’s Nine-Year Itch

Mish Schneider | March 12, 2018

On October 15, 2014, I wrote a piece called “When Something Itches, The Tendency is to Scratch It.” 4 years later, instead of a young and gorgeous Marilyn Monroe standing above the subway waiting for the breeze to lift her skirt, we have a plastic, painted cast of a voluptous woman who is starting to crack. Thus far, she is holding up. However, should she tilt forward any further, she runs the risk of becoming

Take Risks and Keep Forward

Mish Schneider | March 10, 2018

If a picture says a thousand words, this man and his T-shirt say at least that many. In fact, anything I add might seem superflous. I love that he carries a bowl of ice-of course, just in case the economy becomes overheated. Nevertheless, the opposite perception took hold of the market action. Great jobs report, no real increase in wages, an economy with room to grow. Stepping back, once Cohn’s resignation was shrugged off, and

Is Sister Semiconductors a Half Fish Out of Water?

Mish Schneider | March 8, 2018

“This is a man’s world. But it wouldn’t be nothing, nothing without a woman or a girl.” James Brown. Sort of appropriate on International Woman’s Day, named such on March 8, 1917 when women in Russia were granted the right to vote. Today, our woman celeb is the Modern Family’s very own Sister Semiconductors. We could in fact, replace James Brown’s lyrics with “This market would be nothing without our wonder woman.” Semiconductors (SMH) made

The Bullish Iguana Enjoys the Midday Sun

Mish Schneider | March 7, 2018

While working, this iguana popped out of the Bougainvillea to say hi. Enjoying the midday sun, the iguana got me thinking. How is it that this market, facing all kinds of obstacles each and every day, manages to climb up and enjoy its version of the midday sun? As the creator and proponent of my economic Modern Familiy characters, my answer is not to question, but to follow their lead. The Russell 2000 (IWM), probably

A Classic Bull Market With Skeletons in the Closet

Mish Schneider | March 6, 2018

From the private collection of Arnold Lieberman-Art Dealer, Santa Fe, NM This week, I am coming to you from a little town in Mexico called La Penita. The market is coming to you from hints by North Korea that they are willing to discuss a nuclear arms agreement. But that’s not all. The market also sees a plan for rolling back more bank regulations. Trump is getting pressure from the Republicans on trade tariffs. The

When the Emperor Is Less Than Divine

Mish Schneider | March 3, 2018

From the private collection of Arnold Lieberman-Art Dealer, Santa Fe, NM When the Emperor was Divine, is a historical fiction novel by Julie Otsuka. The story loosely follows her family’s wartime experiences in a U.S. Japanese internment camp during WWII. In the novel, Ms. Otsuka tells an emotional story with contrasting unsentimentality. The Daily title is meant as a play on the novelist words. As the market ended an emotional week, the analysis of what’s