Tom Petruno on Muck Rack

Tom Petruno Verified

Los Angeles
Freelance Journalist

I'm a former financial columnist for the Los Angeles Times (1990-2011), now an independent investor, writer and consultant. Love LA -- esp. when it rains.

With Fed poised to act, here's how investors can prepare for higher rates

latimes.com — It has been nearly a decade since investors have had to contend with the Federal Reserve raising interest rates. Or, from savers' viewpoint, it has been that long since the Fed did them a favor. But Wall Street's No.

Here's how Fed rate hike would pinch borrowers

latimes.com — The last six years of extraordinarily low interest rates have been all about rewarding borrowers at the expense of savers. But that is probably coming to an end. If the Federal Reserve begins raising short-term rates by year's end, as anticipated if the economic expansion continues, the costs of many forms of debt will rise from current super-cheap levels.
Jul 06, 2015

If Janet Yellen gets her way, the Fed will raise interest rates this fall. If you owe money, read this: latimes.com/business/la-fi…

Despite head winds, U.S. stocks eke out small gains in first half

latimes.com — World financial markets ended the first six months this year amid the uncomfortably familiar sound of bubbles popping: debt bubbles in Greece and Puerto Rico and a potential stock bubble in China. Still, U.S. stocks overall managed to grind out small gains in the half, extending the six-year bull market, as many investors continued to bet on a stronger economy.

Soaring dollar puts the world on sale for Americans

chicagotribune.com — Americans have long complained that the dollar doesn't buy much anymore. Suddenly, the dollar's problem may be that it buys too much - a change that has huge implications across the global economy for consumers, businesses, investors and governments. The U.S.

Dollar's surge could delay Fed decision to raise rates

latimes.com — The interest rate on an American home mortgage later this year could depend a lot on how many euros, yen, pesos and rupees a dollar will fetch. The dollar's steep ascent against many of the world's currencies since last summer could help delay the first Federal Reserve rate hike since 2006.

Soaring dollar puts the world on sale for Americans

latimes.com — Americans have long complained that the dollar doesn't buy much anymore. Suddenly, the dollar's problem may be that it buys too much - a change that has huge implications across the global economy for consumers, businesses, investors and governments. The U.S.
Apr 04, 2015

"For Americans, the planet's on sale. In most of the world, dollar buys much more than a year ago." Not in Argentina. lat.ms/1FukJjz

Apr 05, 2015

RT @latimes: What can the dollar buy you in the world today? Much more than a year ago. lat.ms/1yLBBxp youtu.be/UK-JJOigd6Y

Show 1 more tweet from Quentin Fottrell

Investing: Top stocks of the 21st century - Tulsa World: Business

tulsaworld.com — Physics tells us that bodies in motion tend to stay in motion. Likewise, some winning stocks just keep on going. And the ones that have excelled through the early years of the 21st century have withstood two of the worst bear markets in history. Tom Petruno is a freelance contributor to Kiplinger's Personal Finance magazine.

7 Cult Stocks Worth Your Devotion

kiplinger.com — Thinkstock A longstanding rule on Wall Street is that you should never fall in love with a stock. But with some companies, investors just can't help themselves: Strong belief in the product, the company's mission and the long-term success of the business can create a cult-like aura around a stock, driving the price to nosebleed levels.
Mar 11, 2015

America's "cult" stocks: Are you crazy to own them -- or crazy not to? m.kiplinger.com/slideshow/inve…

Mar 09, 2015

My look at seven of the biggest "cult" stocks, and their propects. Including Apple, Amazon, Chipotle, GoPro. m.kiplinger.com/slideshow/inve…

Mar 09, 2015

America's "cult" stocks: Are you crazy to own them -- or crazy not to? m.kiplinger.com/slideshow/inve…

Deflation fears rock markets again but consumers see windfall-for now

latimes.com — For the fourth time in 12 years, the world is facing a deflation scare. And as with any good horror movie, no one is sure what lurks in the shadows. Since summer, slowing growth in China and severe weakness in Europe and Japan have deepened fears that the global economy could tip into deflation - a sustained period of falling prices for goods and services.
Jan 11, 2015

RT @tpetruno: You may love deflating gasoline prices, but central banks fear it's harbinger of something frightening. latimes.com/business/la-fi…

Jan 11, 2015

You may love deflating gasoline prices, but central banks fear it's harbinger of something frightening. latimes.com/business/la-fi…

Jan 12, 2015

Consumer love crashing oil, but here's why central banks are desperate to stop deflation from spreading economy-wide. latimes.com/business/la-fi…

How key investments could fare if deflation fears worsen

latimes.com — If deflation takes hold, with a sustained decline in prices for goods and services, the rules of the investing game change. A slow-paced deflation similar to Japan's since the late 1990s might not trigger sudden market crashes, but could change the relative appeal of investments.
Jan 11, 2015

Deflation fears are rocking global markets. What about your nest egg? latimes.com/business/la-fi…

Jan 12, 2015

Deflation fears are rocking global markets. What about your nest egg? latimes.com/business/la-fi…

More Articles →
Aug 28, 2015

Think of it this way: China's econ/mkt antics this month saved us from being bored to death by more Greece headlines.

Aug 28, 2015

@RyanDetrick Still -12% from peak vs S&P -6.8% from peak. Just playing catch-up?

Aug 28, 2015

Can't-miss idea: Uber service allowing riders to request drivers who also have best stock mkt tips. $3 surcharge, or $6 on mkt crash days.

Aug 28, 2015

A yield of around 6% was enough to lure buyers to the battered $JNK junk bond ETF this week. Share price chart: bigcharts.marketwatch.com/quickchart/qui…

Aug 28, 2015

Lucky or smart or both? Oil rebounds, and bottom-fishers in Chevron $CVX make about 13% in two days. bigcharts.marketwatch.com/quickchart/qui…

Aug 28, 2015

@jbarnyla I don't trust anything the gold market thinks it's saying.

Aug 28, 2015

On YTD basis, this mkt turmoil doesn't look like much: Dow -6.6% Russell 2000 -3.5% S&P 500 -3.4% S&P midcap -1.8% Nasdaq +2.0%

Aug 28, 2015

With this week's rebound, here are index declines vs peaks: Russell 2000 -10.4% Dow -9.3% S&P midcap -8.2% Nasdaq -7.7% S&P 500 -6.8%

Aug 28, 2015

There's the bell. Dow ends almost positive, -12 or 0.07% to 16,642. Nasdaq, S&P 500 up modestly. Market is exhausted but bulls kept control.

Aug 28, 2015

@GRogow I agreed, but then I reread and saw you said cheesesteak, not cheesecake.


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