Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today.

Daily Trades List for December 27, 2017

The selection algo generated 6 longs and 4 shorts on Tuesday. I have chosen none to be added the list. After trades closed out, there will now be 14 open longs and 3 open shorts. Here is today’s updated list including new buys, sells, short sales, cover shorts, and updated stops, as well as performance…

Here’s What Shah Gilani Got Wrong About Trump’s Tax Cuts

First things first – I hope you’re having a splendidly festive time with your friends and family.

I recently enjoyed a holiday party with my colleagues at Money Map Press, one highlight of which was a vigorous conversation with Shah Gilani about the impact of Trump’s tax cuts on the markets. I have deep respect for Shah’s analysis (and his excellent track record). He actually has an uncanny knack for finding bearish trades in a bullish climate, which the contrarian in me appreciates, and his writing is always incisive and entertaining.

However, on this issue, he is a confirmed bull, while I am a confirmed bear.

We enjoyed our argument immensely.

Then – after taking a bit of a break for some eggnog – I visited my comments section on Sure Money and lo and behold, a smart reader named Jesse had asked me the very same question…

Kismet! It was meant to be.

So without further ado, here’s my response to Jesse (and to Shah), followed by several other incisive reader questions as a nice holiday round-up.

The post Here’s What Shah Gilani Got Wrong About Trump’s Tax Cuts appeared first on Lee Adler’s Sure Money.

Time Grows Shorter For Bulls As Countdown To Top Begins

Cycle screening measures remain moderately bullish for both the intermediate and longer term. Two down days in the market could turn the intermediate pattern bearish. Until that happens, the benefit of the doubt goes to the bulls. Here’s what to look for. Market Update Pro subscribers click here to download the report. Not yet a subscriber?…

Daily Trades for Tuesday, December 26, 2017

The selection algo generated 7 longs and 12 shorts on Friday.  I have chosen 2 longs and 2 shorts to be added the list. After trades closed out, there will now be 13 open longs and 3 open shorts. Here is the updated list including new buys, sells, short sales, cover shorts, and updated stops.…

Daily Trades List For December 22, 2017

The selection algo generated 24 longs and 7 shorts Thursday.  I have chosen 3 longs and no shorts to be added the list. After trades closed out, there will now be 16 open longs and 1 open short. Here is today’s updated list including new buys, sells, short sales, cover shorts, and updated stops, as…

Daily Trades List for December 21, 2017

The selection algo generated 11 longs and 12 shorts Tuesday. Here’s what we chose. Here is today’s updated list including new buys, sells, short sales, cover shorts, and updated stops, as well as performance metrics for this month. Market Update Pro subscribers click here to download the report. Not yet a subscriber? Try the Market Update…

Here’s How I Know The Fed Is Lying Through Its Teeth About Inflation

Confusion about inflation abounds in mainstream media reporting. That confusion is a result of the fact that mainstream economists and the Fed solely focus on narrowly defined, arbitrarily constructed measures of the prices of consumer goods only. If you only look in places where there’s little inflation, or use indexes that are not standardized to measure the same goods over time, you end up ignoring the things that are inflating, and understating the inflation that does exist in consumer prices.

The Fed is largely to blame for the confusion. It has targeted a 2% inflation rate. But it uses a benchmark, the core PCE, that is the most understated of inflation measures. It ignores actual housing prices and only includes personal consumption goods. To make matters worse, when an index component is rising faster than cheaper substitutes, the index formula reduces the weighting of the goods that are rising fastest.

The thing is, the Fed is perfectly aware that it’s underreporting inflation.

I’ve uncovered a smoking gun – well, anyway, a chart that proves they know the real numbers.

The question is – why the cover-up?

Click here to continue.

The post Here’s How I Know The Fed Is Lying Through Its Teeth About Inflation appeared first on Lee Adler’s Sure Money.

Daily Trades List for December 20, 2017

The selection algo generated 10 longs and 22 shorts Tuesday.  I have chosen 1 of the longs and no shorts to be added the list. There will now be 16 open longs and 8 open shorts. Here is today’s updated list including new buys, sells, short sales, cover shorts, and updated stops, as well as…