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The EV Bull Market is Over

By: Justice Clark Litle

Feb 24, 2021 | News

“Because I used to love her,” the Rolling Stones sang, “but it’s all over now.” The electric vehicle (EV) bull market is officially over, too. The EV bull market — which some would call a bubble, or even a mania — has shuffled off its mortal coil. It is neither resting nor pining for the fjords; it is now an…

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Speculative High Flyers are Rapidly Losing Altitude

By: Justice Clark Litle

Feb 23, 2021 | News

On Friday of last week we said: “There is a formidable bearish case for overvalued technology stocks moving forward, and it is only getting stronger by the day. “The bear case has to do with interest rates at the long end of the curve, and the willingness of the Federal Reserve to sit back as long-end yields (the 10-year and…

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Because of Texas, a Historic Infrastructure Bill Now Looks Inevitable

By: Justice Clark Litle

Feb 22, 2021 | News

Imagine the world as a ball-shaped scoop of ice cream, sitting upright in an ice cream cone. The polar vortex is a circular flow of low-pressure cold air swirling around the top, or dome, of the ice cream scoop. This low-pressure air flow is held in place by a ring of high-pressure warm air that surrounds it like a doughnut. …

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A Big Reason to be Wary of Big Tech

By: Justice Clark Litle

Feb 19, 2021 | Investing Strategies

“The only reason to be bearish… is there is no reason to be bearish.” That is the view of Michael Hartnett, Bank of America’s Chief Investment Strategist, as recently expressed in a note to clients. In our view, there are reasons to be bearish. It just depends which assets one is looking at, and the nature of the bear case…

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Crude Has Some Good Years Left (the Oil Age isn’t Over Yet)

By: Justice Clark Litle

Feb 18, 2021 | Educational

“The stone age did not end because the world ran out of stones, and the oil age will not end because we run out of oil.” The Economist attributed that pithy statement to Don Huberts, the head of Shell Hydrogen, in 1999. According to New York Times columnist Tom Friedman, it was first said by Sheikh Ahmed Zaki Yamani, Saudi…

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America is Winning the Vaccine Race

By: Justice Clark Litle

Feb 17, 2021 | Educational

America looks poised to come from behind, muster its formidable might, and win hands down — just as it has done before, time and time again, in various contests throughout the twentieth century. But this time it isn’t about a World War, a space race, or an arms race; it’s about the vaccine rollout. America winning the vaccine race likely…

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The Great Texas Freeze Highlights a New Era of Weather Extremes

By: Justice Clark Litle

Feb 16, 2021 | News

As if the wholly unprecedented nature of political events and market extremes were not enough, we now must also contend with an era of weather extremes. For instance, have you ever heard of a wind-chill warning for North Texas? Probably not, because the U.S. National Weather Service has never issued one — until now. “The cold wind chills could cause…

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Can Shake Shack (SHAK) Deliver Huge Profits?

By: TradeSmith Research Team

Feb 15, 2021 | Investing Strategies

Editor’s Note: TradeSmith offices are closed today to observe Presidents’ Day, but we didn’t want you to go without timely and interesting commentary. Our friends at LikeFolio have stepped up, and we will be back with regular TradeSmith Daily content tomorrow. For now, enjoy! —JCL  When Shake Shack reports earnings on Feb. 25, it will be different than you’re used…

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Fed Chairman Powell to Inflation Hawks: Chill Out For Now

By: Justice Clark Litle

Feb 12, 2021 | Educational

Inflation hawks need to relax, and perhaps even chill out a bit: The Magic 8-Ball forecast for when inflation roars back is still “Reply Hazy, Try Again.” That was the implied message of Jay Powell, the Chairman of the Federal Reserve, in a not-so-subtle pushback this week against rising fears that inflation will quickly become an economic problem. In no…

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Will the Chinese Government Kneecap Tesla?

By: Justice Clark Litle

Feb 11, 2021 | News

Tesla investors face many risks. One of the largest — and one of the least talked about — is China.   Tesla has an extraordinary relationship with the Chinese government. Thanks to this relationship, Tesla enjoys privileges and perks no other American company has received. The question is how long the relationship will last. That question, in turn, is tied to…

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