U.S.A. Wage Growth (left) vs Germany Wage Growth (right)

U.S.A. Wage Growth (left) vs Germany Wage Growth (right)

S&P 500 Sector Performance

via novelinvestor.com


Source: novelinvestor.com

American Entrepreneurs: Rupert Murdoch

Rupert Murdoch: The Untold Story of the World's Greatest Media Wizard by Neil Chenoweth                                         https://archive.org/details/rupertmurdochunt00chen

American Entrepreneurs: Sam Walton

In Sam We Trust: The Untold Story of Sam Walton and Wal-Mart, the World's Most Powerful Retailer by Bob Ortega https://www.amazon.com/dp/0812932978/ref=cm_sw_r_tw_dp_U_x_Q1i4Cb3W6Q6MY

Why Negative Trump News is Good News

It's been seven consecutive months of anti-Prez accusations and seven months of higher prices. Should the accusations stop, I'll be bearish.

If the underlying fundamentals of the economy were deteriorating, then dems would simply sit back and wait til next election and campaign on Trump/GOP incompetence. Since that's not the case, dems are attempting via any possible means to discredit the Prez until any sign of economic weakness appears in the data. Given that, and the fact that 80% of journalists in US are democrats, any non-economic-related negative news regarding the Prez should be interpreted as proof of underlying strength in the economy - a positive sign for wage growth, employment, capacity utilization and the stock market.

Sold QQQ credit put spread [to open]

 

TOTD: International Trade: Heckscher–Ohlin Model

Basic situation: Two identical countries (A and B) have different initial factor endowments. Autarky equilibrium (): no trade, individual production equals consumption. Trade equilibrium: both countries consume the same (), especially beyond their own Production–possibility frontier; production and consumption points are divergent.

Source: https://en.wikipedia.org/wiki/Heckscher%E2%80%93Ohlin_model