Larry Berman
Host, Berman's Call at BNN Bloomberg
Host @BNNBloomberg #BermansCall. Founder https://t.co/ISHcEzUSWu #ETF. Investor education, world politics, neuroplasticity, well-being, Life, Liberty & #TPOH
Articles
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2 days ago |
bnnbloomberg.ca | Larry Berman
This week we get U.S. inflation and retail sales updates for April. We know high frequency data like credit card billings and delinquencies tell us the consumer is seeing increased stress levels. April was the first month when tariff revenues increased, so the inflation and retail sales reports this week should provide the first estimate of the tariff impact on inflation. Specifically, how much of the tariff increase was passed on to consumers and whether non-tariffed prices rose above trends.
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1 week ago |
bnnbloomberg.ca | Larry Berman
The retirement announcement of Warren Buffett prompted me to refresh a theme that we have discussed on Berman’s Call for many years. • Market timing is very hard• Diversification is critical• Periodic rebalancing is prudent• Long-term focus is needed, but hard to execute• And most important of all is your portfolio construction (tool box)These are the key ingredients to long-term success.
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2 weeks ago |
bnnbloomberg.ca | Larry Berman
Most of the Magnificent Seven tech stocks (Apple, Microsoft, Meta and Amazon) are reporting this week. Just these four stocks represent 26 per cent of the Nasdaq 100 and 19.2 per cent of the S&P 500. In the past few weeks, much of the investment world and media were questioning U.S. leadership and exceptionalism with the dramatic changes that tariffs could unleash.
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3 weeks ago |
bnnbloomberg.ca | Larry Berman
Torsten Slok, chief economist of Apollo Group, put out a report on the weekend suggesting a 90 per cent chance of a tariff-induced U.S. recession. He cites that 85 per cent of capital expenditures and about 110 million jobs (of 159 million employed) come from small businesses (firms with less than 500 employees). This is the core of the U.S. economy, it’s not the “Magnificent Seven” and the S&P 500 Index, though that impacts the wealth effect to be sure.
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1 month ago |
ctvnews.ca | Larry Berman
If a recession-linked bear market is developing, we can expect a few things to happen. In an average recession, earnings per share (EPS) fall about 11 per cent. Currently, the S&P 500 Index has US$245 in trailing EPS and growth is still expected to be $268 this year. That expectation seems extremely unlikely. Post April 2 (“Liberation Day” tariff announcement), the strategists that have changed EPS targets are basically expecting little or no EPS growth.
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FWIW....LMFAO
Trump, the ‘smart businessman,’ had his clothing line manufactured in India and China to cut costs — then marked it up 600% at Macy’s to maximize profit. ‘Made in America’? ‘Buy American’? Trump never practiced what he preaches… https://t.co/NvkLi5gsB0
This is a must read too. Will try to unpack this on @BNNBloomberg #BermansCall
Pipe Dream 101 - Mar A Lago Accord version The Xverse is awash with nonsense regarding a grand bargain called the Mar A Lago Accord. While I accept that anything is possible with the right set of sticks and carrots I cannot imagine such a deal occuring. Nonetheless I will
Great thread. Trump 2.0 really trying to fix major issues. Still don't like his style, but radical change is needed.
1/16 A thread on The Mar-A-Lago Accord (MALA). tl:dr Take it seriously, not literally The status quo cannot last. If we do nothing, it ends badly. What is the alternative? Most of it has either already happened, or is underway. We weren't aware of the name.
