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Good morning contrarians! Happy Veteran’s Day/Remembrance Day. Friendly reminder that active duty military and armed forces veterans do not pay for premium subscriptions. Get in touch if you qualify. Stock futures are higher as of 0630. Tech stocks are leading the way, with the Nasdaq up 0.6%. The S&P 500 and Russell 2000 are pointing to gains of 0.4% at the open. Dow Industrials are up 0.1%. Bond...

Good morning contrarians! Stock futures are down a bit as of 0630. The Nasdaq is down 0.4%, with the S&P 500 and Russell 2000 off about 0.3%. Dow Industrials are down 0.2%. Bonds are being sold, with the yield on the 10-year rising to 1.483%. The 2-year is back up to 0.45%. Cryptocurrencies are down, with bitcoin about 1.6% lower to trade around 66,700. Today is all about inflation. The Bureau of...

Good morning contrarians! Stock futures are a bit higher as of 0635. Tech is leading things out with the Nasdaq up 0.4%. Small caps are up too, with the Russell 2000 about 0.2% higher. Dow Industrials and S&P 500 are flat. Commodities are rebounding, with copper and crude oil up more than 1%. Cryptocurrencies are down however, with bitcoin off about 2.5% to trade around 61,700. This follows a day...

Good morning contrarians! Stock futures are mixed as of 0630. The S&P 500 and Dow Industrials are flat. Small caps are showing signs of life, with the Russell 2000 up 0.3%. Tech is down, with the Nasdaq off about 0.2% after some disappointing earnings reports from Snap (SNAP) and Intel (INTC). Short-term bonds are selling off, with the yield on 2-year up to 0.4554%. This all follows a day when the...

Good morning contrarians! Stock futures are dropping precipitously this morning. Tech is leading the drop, with the Nasdaq down 1.5%, more than giving up its gains yesterday. S&P 500 futures are down 1.3% and Dow Industrials off 1.1%. Bonds are selling off as well, with the yield on the 10-year up to 1.54%. Those numbers as of 0650. Heightened concerns about inflation-fueled energy prices and high...

Good morning contrarians! Welcome to October. Welcome to the fourth quarter. This episode is free for all. If you like it, subscribe to become a regular reader. It was a pretty tumultuous September, with a whole bunch of moving parts, none of which were taken particularly well by investors. Not gonna recap them all because that’s boring AF, but suffice it to say the S&P finished the month down alm...

This briefing and podcast was originally published as the Daily Contrarian episode on Sept. 16, 2021. It has been slightly reformatted since, but should still provide an idea of what these daily episodes are like. Sign up for the free trial by clicking on the link below. The attention is squarely on China and that is where we will focus this issue. Earlier today, Evergrande (OTC:EGRNY) suspended t...