After a weak March, then a strong April, U.S. hiring activity again fell lower than expected in May. Today’s Labor Department monthly report shows that non-farm payrolls only increased by 138,000, well below the 182,000 consensus economist projection. Furthermore, the estimates for March and April were revised downward by a… Read More
Scott Chan moved from China to the U.S. with family at the age of ten. He passed the rigorous entrance exam and attended the merit-based Stuyvesant High School, widely held to be best public school in New York City. He earned undergraduate degrees from New York University followed by an MBA degree from the Zicklin School of Business at Baruch College.
Shortly thereafter Scott partnered with Dr. Stephen Leeb on numerous financial publications. Today, he serves as the lead analyst for Real World Investing and The Complete Investor.
Mr. Chan is an avid baseball fan and enjoys outdoor activities in his spare time. A multicultural person, he reads Chinese and speaks fluent Mandarin and Cantonese Chinese.
By far, the gold and gold stocks indicators are our most bearish indicators right now. Our gold stocks indicator has actually become even more bearish, and our VanEck Vectors Gold Miners ETF (GDX) December 23 put is still a “buy” for readers who may have missed the original… Read More
This week we review our reference funds’ latest moves vis-à-vis our Brain Trust Profits stocks to see how the Wall Street gurus’ holdings of our stocks have changed, if at all. Marcato Capital Management has upped its position in AAR Corp (NYSE: AIR) by roughly 324,000 shares,… Read More
Sell Innoviva (INVA) Seth Klarman’s Baupost Group has sold more than 90 percent of its position in Innoviva (INVA). Although the company has promised to review its expense control and compensation structures after the proxy fight, which it won, after careful consideration, we have decided to follow Baupost out the… Read More
Average Annualized Return Per Closed Trade: 17.9% Average Return Per Closed Trade: 15.5% Average Holding Period: 320 days Sotheby’s (BID) reported another solid quarter this week. Although its fiscal first quarter (ended March 31) tends to be seasonally weak compared to others, adjusted for non-recurring items, the company… Read More
Yesterday’s abrupt firing of FBI director James Comey, which reportedly surprised even many top officials, sent political shockwaves across Washington. The official reason was Comey’s handling of the email controversy involving Hillary Clinton. Given the ongoing investigation into possible Russian involvement in the election and Moscow ties to the Trump… Read More
Average Annualized Return Per Closed Trade: 17.9% Average Return Per Closed Trade: 15.5% Average Holding Period: 320 days After weak March hiring activity, the job market rebounded in April. The Labor Department’s Bureau of Labor Statistics reported this morning that the U.S. economy added 211,000… Read More
Average Annualized Return Per Closed Trade: 17.9% Average Return Per Closed Trade: 15.5% Average Holding Period: 320 days Stocks reacted very positively to the outcome of the French election last Sunday. Ex-investment banker and ex-economic minister Emmanuel Macron took first place with 24.0 percent of… Read More