Christmas Joy

DECEMBER 24, 2018. We wish You joy, delight, and peace in this holiday season. Hoping the challenges of the year fall away in this special season. STOCKjAW.

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Peeking Over The Wall. An AMLO Christmas.

DECEMBER 25, 2018. Bunker America? What does a 1600-mile wall look like? Long, expensive, and mostly metal–if it happens. Some say fences make good neighbors. Perhaps, but what’s going on over that nascent wall?
Our southern neighbor just concluded an election of mind-bending violence, leaving more than 100 politicians dead. Right–100. Mexico also yet faces crippling entrenched corruption, and a 40% poverty rate.
We also see a new president just assuming office, one willing to listen to the ordinary people. He prefers plebiscites. He’s vowed to “uplift the needy.” Before even assuming office, he has indeed stubbed his toe, and “damaged the economy.”-The Economist.
Andres Manuel Lopez Obrador is being called a “left-wing populist” by the often superb British weekly. That’s bad right?
AMLO deserves a fair shake. The new guy is daring to try alternatives, like it or not. The Economist does not. The paper talks blithely about “AMLO’s errors” and “…going about it in the wrong way.” Really? Mexico’s issues are complex. Nothing’s simple there, except “Plata-O-plomo.”
What does the paper offer as better?
They offer paper-thin, single-word solutions such as “improve,” “secure,” and “strengthen.” That’s it. Read what they said. Decide for yourself. We did.(Cover photo) El Paso. The turf between El Paso and Juarez ranks as one of the hottest boundaries worldwide.

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Eat Salesmen. Cows Don’t Shill.

DECEMBER 21, 2018. “We like the banks here.” Really? A thousand times. That’s the number of times in 2018 we’ve witnessed that cow pie observation.
Is that a recommendation, or shills posing as advisers? Banks have done precisely nothing all year. But one should never allow facts to interfere with sales. Television guests are supposedly providing insight. No. They’re selling their brand. It’s call conflict of interest. But then everybody knows that. More dodging and weaving happens on financial TV then in boxing. The foul tricks of the dodge and weave.

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Starwood Trust. 9% Harbor or Comedic Goof?

DECEMBER 20, 2018. Gravity isn’t consistent–ask Albert. When the suck’s on, the market warps–like now. Who can escape market gravity? Amazon? No. Mr. Softie? No. Real estate trusts–Starwood Property Trust?
When growth dies dividends fly. How about 8.94%? Fries with that?
Powell’s back to his earlier antics, reading the economy from space. Life is very different on the ground. Jerome hiked yesterday and has two more in his big black Christmas bag.
The clatter you hear from above isn’t Santa. It’s your new fed head bringing coal. Is there a safe harbor anywhere, one with an outrageous dividend just for you? STOCKjAW unwraps Starwood Property Trust. Tis the season to be skeptical. But then, you may just wish for some. And then there’s CEO Berry Sternlicht. That’s passion, all caps.
(Cover photo:) Miami. Last year Starwood Property Trust entered the residential real estate market. The move comprises only a 2% slice of the company’s current loan book. That investment currently holds 15,000 low-income housing units in Florida.

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Holiday Moments With Mr. Softie

DECEMBER 16, 2018. looking for resilience in a turbulent market? Know this. Even the nearest and dearest are slugging it out with the down-suck.
As anti-trust talk swirls, not everyone is equally vulnerable. Remember Microsoft vs. the United States? Back in the ’80’s the feds turned the big guns on Mr. Softie. Facing an onslaught powered by bottomless federal cash, Mr. Softie smirked and swung up a middle finger. Is MSFT doing the same to the downturn? Cage matchs: AMZN vs. MSFT, MSFT vs. itself, and both vs. the market. Want some? Many do. Sj takes a look.

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Shock Wavin. Verizon And United Health Battle Concussion Waves.

DECEMBER 11, 2018. Poseidon ruled beneath the waves. It was much calmer below. Peace ruled but breathing came in gulps. Positive price-action is now much like a gulp, when there is any. We would settle for a slice of stability. Got any?
Markets are in correction pain mode and relentlessly technical. “Fundamentals” you say? Fundamentals are not driving. Vast swaths of stocks with good fundamentals now struggle beneath concussive waves of their descending moving averages. Little breathing occurs that far down. And what about fortress companies such as United Health and Verizon? Bulwarks both.
Yet keep the following in mind. On-going instability and down-trending volatility are this market’s rule. STOCKjAW snorkels the depths on two of our strongest survivors. Even these stars are in a very wavy way.

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