It appears that the United States and China have tentatively reached a partial agreement on trade.  Basically, the U.S. would pause further tariffs, while China would agree to agricultural concessions among other things.  Markets have rallied on the news, with stocks moving materially higher and bonds dropping, meaning yields increasing.  I think this is clearly...Read More

Continued pressure on bond yields and bad economic data out of China and Europe scared the market today, causing a 3% selloff.  While it is a large point drop, it would only qualify as the 342nd largest percentage drop in history.  Stocks got off to a torrid start to the year and it shouldn’t be...Read More

On Monday August 5th, stocks plunged by about 3%, as escalating trade tensions continued to garner fear, after the worst week of the year last week.  The Chinese government is allowing their currency to decline, which benefits their competitive advantage on trade.  This was in response to last week’s news of additional tariffs on China. ...Read More

The most important factor to producing strong investment returns are valuations, and lately with a slight increase in volatility, valuations on some key opportunities have become more attractive.Read More

As I write this, the Dow has experienced its longest losing streak since 2011. Nearly 1/4th of the way into 2017, we are finally seeing some real volatility and more attractive investment opportunities are popping up each day.Read More

After a month and a half of low volatility, where stock indexes failed to move by more than 1%, volatility has rushed back onto the scene over the last several days. Frankly, this is very normal market behavior, as periods of calm usually presage periods of volatility. One shouldn’t get complacent when things are quiet,...Read More

Follow the link below to read TTCM’s latest research report on JPMorgan: Maybe The Sky Isn’t Falling For The Big Banks. Please enjoy reading! JPMorgan: Maybe The Sky Isn’t Falling For The Big Banks  Read More

Today the Shanghai index posted its worst day since 2007, plummeting a whopping 8.5%.  This took a significant chunk out of rally that has occurred since the Chinese government took efforts to actively halt the declines in the market, via capital injections, trading restrictions, and public proclamations against bearish participants.   China is significant for a...Read More

Hello Everybody, While Western news has been dominated by the “Greek Crisis,” an extremely important and cautionary tale is unfolding in China.  Loosening restrictions on outside investment into mainland Chinese shares have created a bull market of epic proportions.  The Shanghai index returned well over 100% over the last year.  The situation was almost reminiscent of...Read More

Billionaire investor George Soros is expressing concern that declining household spending is having detrimental effects on the economy of China.  There is no doubt that China is slowing and there is a substantial risk that things could get worse.  Fortunately the government has a huge war chest of excess reserves but I’d still be careful...Read More