The first time I voted in a U.S. presidential election was 1980, as a 21-year-old college senior. The choice then, as now, was between a conservative who earned his fame in the entertainment industry versus a dyed-in-the-wool liberal that previously occupied a governor’s mansion in the South. As we all know,… Read More

With stocks rallying and the Obama-to-Trump transition going smoothly so far, the initial worries about a Trump election causing market turmoil haven’t materialized.Meanwhile, investors are making guesses about the impact Trump would have on various industries and stocks.As we mentioned yesterday, pharma and biotech stocks are rallying. But technology stocks… Read More

The Republican nominee’s surprise victory powered big gains for our coal and pipeline stocks, with good reason. Read More

Like most Americans, I spent Tuesday night (and well into Wednesday morning) watching the election returns and the market reaction to them around the world.  My first thought was that I was watching Brexit II. Australia and Japan got off to a shaky start at 6 P.M. and 7 P.M. Read More

The voters have spoken.What does it mean for investors?First, the much-feared Trump Selloff didn’t last long. S&P 500 futures tanked as Trump’s victory unfolded – plunging as much as 5% in overnight trading — but then recouped the entire loss as bargain hunters swooped in – the largest 12-hour… Read More

Coach’s recent results indicate luxury retail may have holiday sales in the bag. The high-end purse maker reported earnings for its September quarter last week. The stock rose 2% despite missing estimates by a few pennies. Investors, conditioned to be chronically disappointed by retailers’ earnings, found some silver coins in… Read More

Election Day, at last.From Key West to Nome to Honolulu, millions of Americans are heading to the polls today to exercise their right to vote in the world’s oldest democracy. It’s a stirring and encouraging ritual – a tonic for the wounds and bruises of a brutal campaign.Whatever the outcome,… Read More

If the Republican nominee pulls off an upset he’ll boost fossil fuels, but that isn’t my call. Neither was a cemetery MLP I once profiled. Read More

To paraphrase Gerald Ford, our long national nightmare is almost over.Barring a recount or challenge, we’ll know our next president by early tomorrow morning. And not a moment too soon.It’s been a brutal campaign. The contrast between the candidates couldn’t be starker. Neither could the claims of catastrophic consequences should… Read More

The “bombshell du jour” over the weekend was FBI Director James Comey’s announcement on Sunday afternoon that he found no reason to prosecute Mrs. Clinton over her e-mails just one week after reopening the investigation. The initial market reaction, based on the contract prices in the overnight and early Monday… Read More