2018 is the first year where the affects of the so-called tax reform act were experienced. It appears that some businesses are doing quite well. How many companies have just taken the money and bought their stock back is an issue. For individuals there are some high earner losers in high tax blue states (I repeat myself) and there's a lot in the middle who don't see much difference either way and then there's those at the bottom who've gotten some crumbs, as Nancy Pelosi would say. One thing that can't be disputed, employment demand has increased dramatically and wages have started to go higher. In the end it's a mixed bag. One thing is for certain, US Corporate tax rates were the highest in the world and needed a dramatic reduction. 

Direct download: Al_Caceido_12.Feb.19.mp3
Category:general -- posted at: 2:53pm EDT

Chris Vermeulen is first and foremost a technical trader. Fundamentals hold little interest to him, probably because he can't make money off of them. He sees a big potential rally coming in gold, after one last round of weakness. He thinks it could be a considerable decline, which he welcomes, as it would provide confirmation to his theory. His other big play is NatGas - a/k/a the Widowmaker - as hit a 2.55 low, a point from which it quite often rallies. As I said on the show, I would never bet against Chris, because he's right so often. 

Direct download: Chris_Vermeullen_12.Feb.19.mp3
Category:general -- posted at: 1:32pm EDT

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