President of Exec Spec LLC; Director at Sunnen
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Kurt Kallaus is the author of Exec Spec and the KDelta trading model for stocks and all commodity futures. In the 1980’s, with a business degree and having worked in manufacturing, Kurt Kallaus engaged with a private Investment Partnership specializing in commodities and stock ... more


Will Concern Consume Consumer?
With the dominant consumer component in our economic growth (GDP), it’s wise to be vigilant of data regarding personal spending and service sector labor trends.
Sentiment Nearing Oversold
Over the past few years any Bullish sentiment reading in the mid 20’s or lower was a good time to Buy.
Banking Profits On Falling Yields
Banks may be less attractive in a falling interest rate and narrowing spread environment, yet this sector isn’t performing badly other than being out of favor with the Wall Streets fickle fashions.
Fed Rate Cuts Based On Perception Not Reality
A GDP growth closer to 3% may be ideal, however, the continuing strong employment and consumption portion of the economy with low inflation and borrowing costs indicate a Fed that has fulfilled its Central Bank mandates.
In Search Of Recession
Many are in search of a Recession, but until the consumer falters and labor weakens considerably, we look for the cyclical slowdown to taper off by late 2019 to early 2020 with ensuing modest economic acceleration into 2021.
Stock Market And Oil Remain Tightly Correlated
Future economic expectations are strong drivers of both Oil prices and the Stock Market. A slowing economy portends lower demand for Oil and reduced earnings for stocks.


Latest Comments
Wall Street Cries Wolf On Stocks – Economy
2 years ago

Very true. 10 Year Yields are testing 9 month lows today. Stock buybacks remain at a high multi-year plateau and operating earnings of major US indices are hitting new records. Some speculative fever in equities, but far from running on fumes.

The formerly strong $ boosted Europe, now a 32 month low in the $ today aids US exports and continues to boost industrial commodities.

In this article: SPX
If Frac Sand Is So Hot—Why Are Sand Stocks So Cold?
2 years ago

Very good research & insight. A frustrating area for many investors I'm sure when looking at such strong financial improvement & prospects, yet sharply falling share prices.

It seems that as important as earnings & revenue are, that Oil prices still dominates pricing of these stocks. Would you agree that sand stocks will struggle until Oil returns to mid to upper 50's? In the case of SLCA, it has almost the exact same retracement as Oil prices (USO) of the rally from the 2016 low to 2017 high (almost 60%).

Also I wonder how much favorable comps for the next few quarters may prevent further heartache for investors - as long as Oil doesn't fall further?

In this article: FMSA, HCLP, EMES, SLCA
1 to 2 of 2 comments


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Work Experience

Sunnen Products Company
2000 - Present (20 years 1 month)
KS&C Industries
1990 - Present (30 years 3 months)


Miami University