July 9, 2018
* Jobs Jamboree is interesting…
* Currencies are back on the rally tracks!
Good Day… And a Marvelous Monday to you… I trust you had a grand Independence Day Holiday week. I know I did… Saturday was probably one of the most beautiful days in July I’ve ever experienced in my life! But the heat will return later this week, so we have that to look forward to! NOT! I’m all alone again for the next 10 days, so as usual, “Hello, Pizzaman Pizza? I need a large, no, make that an extra large, with extra cheese, walk it through the garden and then through the barn!” HA! My beloved Cardinals are heating up the twitter verse these days, I wish they would concentrate on gong on a win streak of more than 4 games! Deep Purple greet me this morning with their song: Hush…
I last left you last week on Tuesday, the day before our Independence Day Celebration, and at that time, the euro was climbing through the 1.16 handle, and on the days following the euro climbed through that handle..
July 3, 2018
* Currencies hit a roadblock yesterday…
* It’s Our Independence Day Tomorrow!
Good Day… And a Tom Terrific Tuesday to you! Are you staying cool? Because it’s going to be a hot one here for the 4th of July Independence day Holiday. I’m going to put something in the Big Green Egg, and 6 hours later I’ll check it. No standing over a hot grill for me! But Barbeque will be in order for sure! I’d like to do some ribs, but, I don’t think everyone that will be here are fans of ribs, so I’ll have to think of something else… Kansas greets me this morning with their song: The Wall… In the 70’s you didn’t get much hotter for a band than Kansas was… I’m just saying…
Well, I was looking over some charts yesterday, of the stock market performances of the S&P 500, Dow and Russell 2000… And if you believe in charts, then go out and load up on more stocks… But if you only use charts as a “helper”, then be careful… Because in other charts I looked at, the effects of the Trump tariffs..
July 2, 2018
* Currencies continued to rebound on Friday
* The price of Oil jumps higher, but Gold remains without a bid…
Good Day… And a Marvelous Monday to you! And welcome to July! It’s Pfennig tradition that we being July like this: There I was on a July Morning, I was looking for love. With the strength of the night behind me, and a road of my own- Uriah Heep… I made 4.5 hour drive to the beautiful home of Ray and Donna Hambuchen this past weekend. They were wonderful and gracious hosts to the whole Butler family! Their home is on the White River in Arkansas, and I could have sat out on their deck overlooking the beautiful White River every day of my life! Steely Dan greets me this morning with their great song: Rikki Don’t Lose That Number…
I want to get this out of the way front and center this morning… With the 4th of July Independence Day Holiday on Wednesday this week, I’m going to make it a short week for me and the Pfennig… Today and tomorrow, and then off on Wednes..
June 28, 2018
* Currencies stop spinning and go into reverse!
*it’s Alex’s Birthday!
Good Day… And a Tub Thumpin’ Thursday to you! Today is my youngest son Alex’s birthday… So Happy Birthday, front and center this morning to the young man that 20 years ago, used to sit on my lap, during my first “retirement” and help me write the Pfennig… Yes, even though the bank that had bought the old Mark Twain Bank and then performed ethnic cleansing on the Mark Twain Employees, got rid of me… I still wrote the Pfennig from my home, much like I do these days. Except then I had two kids in college, and a 3 year old at home. At the time I thought it was the end of the world losing my job, but when one door closes another opens, and soon I was working with the group led by Frank Trotter, to start a new bank, which would become EverBank… Charlie Daniels Band (CDB) greets me this morning with their song: Long Haired Country Boy… Now that’s one song that will get the crowd singing along!
June 27, 2018
* Currencies spin their wheels yesterday, but get sold overnight
* Gold gets whacked again… But Oil jumps higher!
Good Day… And a Wonderful Wednesday to you! Crazy weather day yesterday, with wild storms in the early morning, sun and warm weather midday, and then followed by wild storms again to end the day. Robert Plant and the Honeydrippers greet me this morning with their song: Sea of Love.. I’ve always appreciated Robert Plant’s singing, whether he was with Led Zeppelin, the Honeydrippers, going solo, or even his duets with Alison Krauss…
It was a day of spinning wheels on the wet pavement, yesterday, in the currencies, little movement up or down in the euro, and the other major currencies. The Asian currencies are still under siege, as traders feel that they will be hurt badly by the Trade War. On the outside of the Trade War, the Emerging Markets are still getting whacked for their lack of liquidity, and the rising costs of their dollar denominated debt, becau..
June 26, 2018
* Currencies rally, then fall back…
* More warnings that a recession in near…
Good Day… And a Tom Terrific Tuesday to you! How was your World Beatles Day? Mine was fine… not much going on, lots of reading. Had a nice phone conversation with good friend, Dennis Miller, who told me that 191 of you dear Pfennig Readers signed up for his letter and the special report I highlighted last week! Way to go! Of course in my mind, I would have thought tens of thousands should have signed up… But what do I know? HA! The Big Bad Cleveland Indians came to town last night and well, Cardinals’ pitchers shut them out! YAHOO! Triumph greets me this morning with their song: Lay It On The Line…
I sure would like to see these currency rallies move as fast going up and they do going down! Yesterday, saw the euro gain from 1.1668 to 1.1705 on the day, not a huge move, but at least the euro has a 1.17 handle again, is what I thought when I turned the currency screen yesterday afternoon! ..
June 25, 2018
* Currencies rally on the Trade War news…
* David Rosenberg visits the Pfennig again!
Good Day, and a Marvelous Monday to you! Well, my oncologist gave me a high 5 last Thursday, and lowered the dosage on my chemo… It’s a start to being chemo free… At least that’s my hope! Last Thursday night, I watched, probably the worst played game of baseball by my beloved Cardinals that I had ever seen! I was so disgusted with them at that point, but by Sunday, they were back to playing baseball the right way… Strange team, folks… a very strange team, and again I lay that all at the feet of the manager… Today is World Beatles Day… So, with that in mind, I’ll be playing Beatles music all day, and in the car I’ll have it on the Beatles station on Sirius XM… So, the Beatles greeted me today with their song: And I Love Her… (one of my fave Beatles song, YAY!)
Friday saw the currencies rebound a bit, with the Big Dog, euro, gaining a full cent on the day… The Trade War Drums are be..
June 20, 2018
* The euro attempts to rebound, but is pulled back down
* David Rosenberg on this Wonderful Wednesday!
Good Day… And a Wonderful Wednesday to you! Another day of extreme heat in my area yesterday. I hear we are supposed to be receiving a break in this heat streak, but I never trust what the weather people say! They always have an “excuse” for being wrong! Well, now, wait a minute Chuck, you always seem to have an excuse when you’re wrong too! Oh, so now I’m a meteorologist? HA! OK, enough of that silliness… Elton John greets me this morning with his song: Levon… He was born a pauper to a pawn on a Christmas Day when the NY Times said God is dead, and the war begun…
And once again yesterday, the euro attempted to tend to its wounds afflicted on it by European Central Bank (ECB) President , Mario Draghi… I do believe that calmer heads saw the euro under the bus, and attempted to pull it to safety… But the sellers were still in charge, and the euro only gained about 1..
June 19, 2018
* Euro gets thrown under the bus again by Draghi
* Anything you can do, I can do better!
Good Day… And a Tom Terrific Tuesday to you! It’s not quite a Tom Terrific Tuesday for the currencies, as they’ve been sold in the overnight markets. The Cardinals come back late, but lose in extra innings last night. UGH! Thanks to all that sent along nice notes about my scans results. I truly appreciate your kind words! The Outlaws greet me this morning with their 9 minute long song: Green Grass and High Tides… My good friend, Mike (from the hood) likes this song when playing songs on our juke box at the local watering hole, because he “gets his money’s worth”… HA!
Well, I spilled the beans right out of the starting gate this morning… The currencies got sold in the overnight markets last night… Which is strange to see, because normally, we see the overnight markets be more dollar bearish, but not last night… President Trump upped the ante in this Trade War by telling the mark..
June 18, 2018
* Euro has biggest one day drop!
* Gold gets whacked by $23 drop!
Good Day, and a Marvelous Monday to you! I sure hope that all the “dads” had a fantastico Father’s Day yesterday… I know I did… It sure was hot here though… 98 degrees and the humidity was tough! We spent most of the day in the pool… I was pleasantly surprised when I walked into my usual Friday afternoon watering hole last week, and saw two of my fave former colleagues waiting for me to arrive! My little Christine, and Danielle, or former office manager, stopped by to say hi! I can’t tell you how much I enjoyed seeing them again! I hired Christine when she was a young 20-something, and taught her the business from the ground floor up. I used to make her come in on the weekends to help me with preparations for the next week’s trading. I don’t think she liked me much back then… But through the years we worked things out, and she was my assistant for over 15 years! OK… enough of that… I don’t want to get..