We want to correct something in yesterday’s Trade Alert in which we initiated a long position in the dollar ETF as a Pot 1 trade. It is certainly true, as we noted there, that the dollar is extremely oversold, almost historically so. And that oversold state bolstered our confidence in… Read More
Stephen Leeb, Ph.D. is the Chief Investment Strategist of The Complete Investor and Real World Investing.
Dr. Leeb’s books have been notable for predicting the secular bull market that started in the 1980s (Getting in on the Ground Floor, Putnam, 1986); the tech stock crash and rise of real assets, including oil and gold (Defying the Market: Profiting in the Turbulent Post-Technology Market Boom, McGraw-Hill, 1999); and the surge in oil prices (The Oil Factor: Protect Yourself and Profit from the Coming Energy Crisis, Warner Books, 2004). His national bestseller, The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrel (Warner Books, 2006), co-authored with Glen Strathy, outlined the biggest challenges facing the US economy, and accurately predicted the 2008 sub prime mortgage crisis as well as the vicious subsequent economic cycle requiring massive infusions of government stimulus, near zero interest rates and much higher federal debt levels. Game Over: How You Can Prosper in a Shattered Economy (Business Plus, 2009) predicted a permanent peak in global commodity production. Dr. Leeb’s eighth and latest book, Red Alert (Hachette, 2011), outlined China’s growing prosperity and the ways in which its demands on increasingly scarce resources threaten the American way of life.
Among his many speaking engagements, he has been the keynote speaker at both a JPMorgan Chase energy conference and a Royal Bank of Canada commodities conference.
Dr. Leeb received his bachelor’s degree in Economics from the University of Pennsylvania’s Wharton School of Business. He then earned his master’s degree in Mathematics and Ph.D. in Psychology from the University of Illinois in just three years, an academic record that stands to date. He is frequently quoted in the financial media, including Investors Business Daily, USA Today, Business Week, The New York Times, NPR and The Wall Street Journal. In addition, Dr. Leeb is a regular guest on Fox News, Bloomberg, CNN and Neil Cavuto.
Buy to open the PowerShares DB U.S. Dollar Index Bullish Fund (NYSE: UUP) June 15, 2018 $23 call option. Pay no more than $0.96. Our dollar indicator suggests the greenback is oversold. A government shut down is unlikely. Even if it happens, it will be short-lived. More details to… Read More
With our indicators still in neutral, just to keep things interesting we are doing something new today, on two scores. For the first time we are recommending that you take a position in a stock, as distinct from an option. And we are placing that position in the second “pot”… Read More
Buy Cypress Semiconductor (NASDAQ: CY) We expect Cypress Semiconductor to be one of the beneficiaries of the serious fundamental flaws found in central processing units. More details to come in today’s upcoming update. Note that we are recommending the purchase of the stock, not an option. In reference to our… Read More
As we enter 2018, the indicators haven’t been showing much activity. If you averaged the readings from all our forecasters, you’d get a number close to zero. Not very exciting. And there would be very little variability. It’s not a question of big swings in one direction canceling out big… Read More
In recent days, two major economic events, the Fed meeting and the long- anticipated passage by Congress of tax legislation, have come and gone. It’s striking how quietly and unemotionally the markets have responded. A useful way to look at this serenity is through VIX. This ratio measures market volatility… Read More
China is doing better than the West thinks. A recent study by Bloomberg concludes that Chinese corporate debt relative to EBITDA is much lower than in the U.S. Another study concludes that China may significantly understate its GDP growth. Read More
Thank goodness for a case of no surprises. Today’s quarter-percentage-point hike in the Fed funds rate was expected. So was the Fed’s projecting three more rate increases in 2018. The commentary, too, held no surprises, essentially reprising prior comments. For one, the Fed expects continued strength in the labor market. Read More
Buy to open VanEck Vectors Gold Miners ETF (NYSE: GDX) March 16, 2018 $22.50 call option. The gold-stock indicator is becoming more bullish, and warrants taking a short-term leveraged position on gold stocks via GDX. More detail about the indicators to come in a Weekly Update. Read More