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Morning Commentary

HAPPY NEW YEAR

By Charles Payne, CEO & Principal Analyst
12/31/2019 9:30 AM

Question of the Week

As we embark on a new decade, what is your New Year's Wish for 2020?

Post your answer below.

Well, here we are again. The end of another year. It’s a time of relief, and perhaps some regret and introspection. For investors, it was a year of riding the waves that often had nothing to do with fundamentals, and everything to do with hype and negative guessing. The biggest lesson was to hang tough and to not overreact. The year ahead is very promising, as we come in with amazing economic momentum.  My outlook:

The Message of Market

The Market stumbled yesterday, as some investors took profits and would-be buyers sat the dance out.  I think it was just one of those sessions of more sellers than buyers, but not an indictment of the market.

https://www.tradingview.com/x/zQ3WwKLs/

Trade Deficit Swings Our Way

The U.S. trade deficit in goods declined sharply in November to $63.19 billion. The 5.4% drop was far better than expected and the lowest in 27 months.

Exports: +0.7%

Imports: -1.3%

U.S. Trade Deficit (Goods Only)

United States Goods Trade Balance

While some economic purists prefer, we have lopsided trade deficits with the world, the notion is that American consumers are getting stuff at cheaper prices. When it’s skewed too much, it means we need to stop making said items completely. However, I think the news is great.

Moreover, our reliance on Chinese imports has declined dramatically, propelling Mexico and Canada into the top trading spots. This doesn’t mean we don’t want access to China’s market. It only means we need to broaden our demand-and-supply chains and bring jobs back home.

US Top Goods Trading Partners

China

Canada

Mexico

2016

473

454

438

2017

517

483

463

2018

550

521

512

2019

470

514

518

Billion USD

Portfolio Approach

We add a new position to Real Estate yesterday.  

Today’s Session

The futures are pointing to a lower open on the last trading day of the year. 


Comments
I have several. Donald Trump gets re elected, stock market sets new highs and I make money because I'm retired, Notre Dame wins a national championship and Iran's nuclear Our destroy, we get a trade deal with China that's good, and Kim of North Korea gets his act Together. Good health to me, my family, and everybody else, God-bless and have a happy New Year

Scott Havsy on 12/31/2019 9:43:51 AM
Peace and Goodwill to all. May we all come to our senses and know we all need to support our country as a unity and not our individual petty differences.

Lloyd on 12/31/2019 10:17:27 AM
Yes, there should be one tribe: Americans. Not sure how wecut that Gordian Knot but I will say more people get it than don't but powerfulforcesneed us to be at each other's throats and have so much distrust of our neighbors (hence we look to Big Brothergovernment).CP

Charles Payne on 12/31/2019 11:44:03 AM
The re-election of Donald J. Trump

Tom on 12/31/2019 10:31:06 AM
Oh, that's easy and a must. Donald Trump re-elected and a majority of real conservatives in the House and Senate. Then it is backup time because it is long term path we need to be on. As Ben Carson said, first we have to stop then head the ship in the right direction with world following.

Robert Clanton on 12/31/2019 10:42:26 AM
A more fair and honest press.

Roy Orem on 12/31/2019 11:00:07 AM
For you lips...I must say when the mainstream media decided it would cover Trump unlike any other president in my lifetime I wasn't blown away as I have been pulling apart fact from opinionin mediasince I began reading newspapers as a kid. But the financial press has a different obligationto folks that will make investing decisions. The breathlessneed to break bad news based on faceless sources that were wrong the vast majority of the time was a major disserviceto the investing public. CP

Charles Payne on 12/31/2019 11:31:57 AM
Love your news and commentary, my wish for 2020 perhaps you could do more small cap stocks for small investors.

Steve Rice on 12/31/2019 11:03:04 AM
CONTINUE TO FOLLOW CHARLES ADVISE AND YOU WILL HAVE A GREAT NEW YEAR.

JIM POLK on 12/31/2019 11:11:39 AM
To have a safe, happy, healthy and prosperous 2020 for my family, friends and myself. God Bless Us All.

Rhonda Lyons on 12/31/2019 11:23:10 AM
Those are are wonderful and thoughtful comments. Sameto you, Rhonda. CP

Charles Payne on 12/31/2019 11:28:00 AM
I would like someone to tell me what is going to happen with all the batteries in the electric cars...echo friendly??

Lorraine Gilbert on 12/31/2019 11:59:14 AM
I hope the market keeps going up but Im afraid of another bubble and crash ! What do you think?

Catherine yokas on 12/31/2019 12:21:09 PM
My wish for 2020 is that many more of us, here in this wonderful country and around the world embrace the notion of deep forgiveness. And that we all feel our intrinsic value. We are all beloved in the eyes of the Divine. Bless you and your Team Charles!
My wife, Mary and I love and appreciate you all! 💙👫♥️

Steve Bolen on 12/31/2019 1:37:53 PM
A Trump win in 2020 & then lets see if the Dems want to start helping ALL the American citizens go forward to a healthy and prosperous life. Thanks CVP for staying strong at fox & giving us truthful facts.

fred wiese on 12/31/2019 2:21:39 PM
For next year, Id like to see honesty and respect from Congress and the media, freedom of religion, not freedom from religion in our society and schools, and patience and honor in our leaders. It may take some miracles, but I believe in miracles.

Georgette Eveland-Alosa on 12/31/2019 2:30:54 PM
Trump re election.

Mitchell Schiff on 12/31/2019 3:27:01 PM
We follow Charles's advice and pray for him daily.

Gene & Reina on 12/31/2019 4:09:29 PM
"One thing I hate about election season is politicians not only claiming the nation sucks, but making most people feel worse or inadequate with their own personal achievements. | Be proud of this country and be proud of your success never belittle it or allow anyone else to dismiss it. Of course, we strive to do better and want the best governmental backdrop to reach our own individual goals. Yes, there are people making more money than us. But that doesnt mean we arent contributing to society. Brush the dirt off your shoulders and walk with pride." ~ Charles Payne, CEO & Principal Analyst https://www.wstreet.com

Robert Fay on 12/31/2019 6:14:27 PM
Our family's wish is for this country to continue on the vital paths of Conservatism and Capitalism, and that is attainable only through the re-election of our President. May God bless him and our country.

Mary Papac on 1/1/2020 12:06:06 PM
Thank You and God Bless Mary. CP

Charles Payne on 1/1/2020 2:15:13 PM
My wish for 2020 is to get the recognition I have worked hard on to move from being a Ponzi scam victim to being the whistleblower Wall Street fears as I speak up to warn investment clients & Advisors how we are played by Finra & the SEC. This is my wish Charles, to protect us

Carrie Devorah, DTM on 1/1/2020 9:13:57 PM
Thank you Charles payne. I ordered your book. So much information its overwhelming. Im new to the stock markets. But my goal is to learn unstoppable prosperity.. Thank you

Terry Flynn on 1/14/2020 7:21:49 PM
 

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