The return on my Jubak Picks Portfolio
from May 1997 through the end of 2019: 584%
Jubak’s Picks
Stocks for a 12-18 Month Horizon
Performance
2019
+10.2%
2018
+10.2%
2017
+13.2%
Since Inception
+584%
Top 50 Stocks
50 Best Stocks in the World
Performance
2019
+21.19%
2018
-8.22%
2017
+28.1%
2016
+21.5%
Dividend Income
Stocks that Pay You
Performance
2021
+18.59%
2020
+15.71%
2019
+4.90%
2018
-15.52%
2017
+6.48%
2016
+26.8%
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Could be a rocky day for Tesla shares tomorrow, Monday.
It could be a rough day ahead for Tesla (TSLA).The company has broken four quarterly car delivery records in a row, but then the results for the current quarter–which could be announced as early as Monday, Ocroer 2, are likely to show that deliveries have slipped. Not seriously. But when a stock is trading at 70 times tailing 12 month earnings per share in a nervous market, a stumble is all it takes to send a share price down. And this nervous market doesn’t need bad news from one of its leaders.
45 days to the next government funding crisis?
Kicking the shutdown 45 days down the road doesn’t change a single vote in Congress. The question remains exactly what it was before Saturday’s vote–Will McCarthy–or whoever is Speaker–use Democratic votes to pass legislation to fund the operations of the Federal government? Anything that increases the chances the Congress will return to its pre-vote chaos–or worse–will be a negative for financial markets. Anything that points to a full fiscal year budget based on a willingness to use Democratic votes in the House to pass a full fiscal year budget will be a positive for financial markets.
Consumer showing signs of stress in August
Inflation-adjusted consumer spending rose 0.1% last month. The report from the Bureau of Economic Analysis showed inflation-adjusted spending on services rose 0.2%, helped by a pickup in outlays on transportation and recreation. Spending on merchandise fell 0.2%, the first drop since March, as purchases of motor vehicles and home furnishings declined. While wages and salaries growth accelerated, real disposable income declined by 0.2% for a second month.
Low inflation in Fed’s favorite indicator says No interest rate increase at November 1 meeting
The Federal Reserve’s preferred measure of inflation, the Personal Consumption Expenditures index (PCE) rose at the slowest monthly pace inAugust since late 2020. The core personal consumption expenditures price index, which strips out food and energy prices, climbed just 0.1% month to month in August, according to the Bureau of Economic Analysis today, Friday, September 29. The so-called super core inflation index for services, which has been on the Fed’s watch list lately, also posted the smallest monthly advance since 2020. The super core rate also strips out housing costs. That rate climbed by just 0.1% in August.
Looking for signs of weakness in consumer spending? Did we just get one?
Consumer spending, which accounts for about 70% of U.S. economic activity, rose an annualized 0.8% in the April-to-June quarter, according to the third estimate of gross domestic product from the Bureau of Economic Analysis. The last estimate put the annualized growth rate at 1.7%.
Mortgage rates hit a 23-year high–is this the peak? (Probably not)
Mortgage rates surged to a 23-year high this week. The rate on the average 30-year fixed mortgage increased to 7.31% from 7.19% the week prior, according to Freddie Mac. That’s the highest rate since mid-December 2000, when it averaged 7.42%.
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