TradeSmith Daily
Why You Should Really Be Concerned About the Gasoline Shortage (It’s Not the Gas)
May 13, 2021 | UncategorizedA cybersecurity attack on the 5,500-mile Colonial Pipeline disrupted the supply chain and flow of driving and jet fuels across multiple states. I’m not getting caught up in the hype. I haven’t panic-purchased gasoline. Instead, I am focusing on why this event happened.
Here’s a Crisis the Government Can’t Solve
May 12, 2021 | News
You may have heard about the semiconductor shortage, but what does it mean for you moving forward? New car supply is down and prices are surging. General Motors is lowering supply, pushing folks to buy vehicles sight unseen, and has even raised prices of SUVs by 20% over the last year. This feels like more bubble-popping coming our way …
Here is My Prediction on Corn Prices…
May 11, 2021 | EducationalNews
In about a month, I predict a new search term will enter Google’s Top 25 most-asked questions: “Why is the price of corn so high?”
Here Comes the “Buying Bonanza”
May 10, 2021 | EducationalNews
There’s a bullish case for stocks to run higher, all because of a report update from Goldman Sachs showing that companies are about to drive their stock prices higher.
I Do Not Envy This Man
May 07, 2021 | News
I’m starting to feel sorry for Federal Reserve Chair Jerome Powell. This week, many of his allies offered serious contradictions to the Fed’s plans for the economy. I want to talk about what this means for your money.
This Major Mental Block Could Impact Your Tax Return
May 06, 2021 | Educational
Over the last two weeks, we’ve tackled your greatest enemy in the market – your subconscious. Let’s look at one more bias that could impact not only your portfolio in 2021, but also your tax returns.
This Bias Will Always Cost You Money
May 05, 2021 | Educational
If you’re serious about making money in the markets, we have to talk about confirmation bias. Investors tend to seek specific information that “confirms” the things they believe or want to happen. They will ignore any information that refutes these beliefs.
How TradeSmith Plays Rising Food and Lumber Prices
May 04, 2021 | EducationalNews
You only need to open your eyes to see that prices for nearly everything are rising. With rising prices, food manufacturers will pass on these rising commodity costs to protect their margins. Let’s check TradeSmith Finance for an idea that just emerged as a buy on Monday.
Sometimes Boring Is Better
May 03, 2021 | EducationalNews
It’s very common for investors to buy stocks that they see in the headlines. If you turn on CNBC, you’ll hear pundits rambling on and on about Facebook, Netflix, Alphabet, and McDonald’s. There’s nothing wrong with these companies. But when they’re all you hear about, the prospect of “familiarity bias” creeps into your mind.
How TradeSmith Beat Wall Street Once Again
Apr 30, 2021 | Uncategorized
After a wave of earnings reports from America’s top tech companies, a small selloff ensued. The Nasdaq, S&P 500, and the Dow… they all fell Friday morning. The average investor sees this downturn and has their finger on the sell button. But not me.