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June 28, 2018 | Getting Sentimental

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

Stocks will be on their own Friday, since June consumer sentiment numbers due out are unlikely to cause even a ripple on Wall Street. The data represent a survey of 600 households, and the results usually correlate with consumer spending.  Most of us are already feeling the pinch by the time these indicators hint of a downturn, but sometimes they will surprise with a burst of giddiness that seems to have come from out-of-the-blue. Relative to your own life, would you regard a spike in consumer sentiment as bullish, or bearish?

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June 28th, 2018

Posted In: Rick's Picks

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