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Author: Adam Gillis

Numbers That Mean Whatever You Want

Yesterday, we got the PMI survey data for U.S. manufacturing in the month of May and the overall index was slightly above 50, which indicates expansion. So, of course, the headline readers were re-assured that the U.S. is not in recession. Right? Nope.
Continue reading “Numbers That Mean Whatever You Want”

Author Adam GillisPosted on May 24, 2016June 2, 2016

Fed Fantasies vs. Retail Facts

On April 13, I wrote that retail sales were showing real signs of weakness. Now we are seeing the results in the retail stocks and the news is even worse than I expected.

Continue reading “Fed Fantasies vs. Retail Facts”

Author Adam GillisPosted on May 19, 2016June 1, 2016

More Evidence the Real U.S. Economy is in Recession

Unfortunately, most of the information we get on the U.S, economy comes from the federal government. As I have said previously, this data is so messaged by higher mathematics that it has become meaningless or misleading.

Continue reading “More Evidence the Real U.S. Economy is in Recession”

Author Adam GillisPosted on May 18, 2016June 1, 2016

How to Ruin an Economy in One Easy Chart

Unthinking and unintelligent economists, of which there are many, are puzzled as to why the flood of cash and ultra-low interest rates unleashed by central banks have not resulted in greater growth. The reason is that cheap liquidity has encouraged speculation, not investment.

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Author Adam GillisPosted on May 12, 2016June 1, 2016

Could Negative Interest Rates lead to a Bank Run?

In a word, yes. There is something new in the global financial system that could cause the mother of all bank runs…negative interest rates.

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Author Adam GillisPosted on May 11, 2016June 1, 2016

Major Investors Embracing Gold

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Last week, legendary hedge fund manager Stanley Druckenmiller recommended gold as the asset class to own and declared the bull market in stocks is exhausted.

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Author Adam GillisPosted on May 11, 2016June 1, 2016

The Commodity Rally is Over (China Too)

So let me understand what you just told me. You said you bought back into commodities because central bank stimulus and a weaker dollar are boosting copper and oil and all that other good stuff. Have you LOST your MIND?

Continue reading “The Commodity Rally is Over (China Too)”

Author Adam GillisPosted on May 9, 2016June 1, 2016

Employment Numbers Do Not Add Up

Finally, the monthly jobs report starts to make a little sense. Today, the much-anticipated April report from the U.S. Bureau of Labor Statistics showed a net gain of 160,000 jobs in the U.S. economy, well less than the 200,000+ expected. Goldman Sachs yesterday upped their estimate for today’s report to 245,000! Nice call.

Continue reading “Employment Numbers Do Not Add Up”

Author Adam GillisPosted on May 6, 2016June 1, 2016

Another Recession Indicator

As I reported earlier today, the monthly ISM Manufacturing New Orders Index is flashing recession. The March data was released on May 2 and it shows that New Orders have now declined for 17 straight months on a year-over-year basis, with March dropping 4.2% from a year ago.

Continue reading “Another Recession Indicator”

Author Adam GillisPosted on May 5, 2016June 1, 2016

Jobs: It’s That Time of Month Again

On Friday, we get the April jobs report from the U.S. government. This report may matter more than most.

Continue reading “Jobs: It’s That Time of Month Again”

Author Adam GillisPosted on May 5, 2016June 1, 2016

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Who is Wayne Wile?

Wayne Wile is an international investment advisor with more than five decades of experience in wealth management. He has spent the majority of his career working with institutional and high net worth investors, seeking to mitigate risk while optimizing portfolio performance.

Wayne began work in the mailroom of a brokerage firm when he was 17 years of age and rose to a senior executive position. He was recruited for key jobs with several nationally recognized investment firms in Canada before striking out on his own.

Wayne’s methods as a trader are governed by simplicity and self-discipline. He says that losses are the children of greed and fear while profits are the spawn of patience and trend-following. “Time is always on your side. Let the market tell you what it wants to do and keep it company. Never chase an idea you think you have missed. There is always another one coming along.”

Wayne is especially opposed to sophisticated trading strategies that try to predict the future based on mathematical analysis of historical data. “These systems routinely destroy far more wealth than they create,” he says. “Only a highly intelligent, well-educated individual would be foolish enough to do this stuff. Successful traders need to stop analyzing and learn to listen to what the market is telling them every day.”

Wayne resides in the Cayman Islands but considers himself a citizen of the world.

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