(8/9/23) The Market Sell-off continues, even as Europe takes its August break; reward for companies beating lowered earnings estimates has been muted; NFIB Report (50% of economy is small businesses …
(8/9/23) The market did sell off a bit yesterday, taking out its previous low, as expected, and also had a rally at the end of the day to finish positively. The NASDAQ tested the 50-DMA, bounced off …
(8/8/23) The risk for uptick in Inflation: Is the Fed done? Markets fail test of 20-DMA; expect markets to trend sideways. How markets tend to lead the economy; pricing-in better times ahead? The Mar…
(8/8/23) Oversold markets had a nice rally in an assault on the 20-DMA, but are set to open lower this morning, technically a failure to test that level. This would suggest a lower low for the market…
(8/7/23) Wrapping up earnings season: 80%+ of major companies will have reported by week's end, with many "beats" of lowered earnings estimates. Meanwhile, economic data is showing signs of concern, …
(8/7/23) Markets remain in a corrective process we've been discussing: A recent outside-reversal day saw the market opening up strongly and then falling significantly, completely engulfing the previo…
(8/4/23) Digesting the Fitch Ratings downgrade: Defining "safety." The Degeneration of American Culture is accelerating; are we becoming Japan? Robert Shiller's "Narrative Encounter;" AI & Productivi…
(8/3/23) Earnings season is seeing unusual reward & punishment for results. Is dis-inflation and 2% growth coming? Earnings beats have lifted markets, bullish sentiment is rising sharply without the …
(8/3/23) Just like clock-work, August begins with a market correction underway: Markets lost 1% yesterday, and look to take out support at the 20DMA today. The 50DMA at 4,280 will be the next, big le…
(8/2/23) Despite claims of no Recession imminent, tax receipt declines and other indicators belie an emerging weakness in the economy. The timing of a Recession, however, is still uncertain. The NASD…
(8/2/23) The NASDAQ has been the market darling, so far, this year, rallying back from October's lows. The bulk of the inflows have been through passive investing. The return to the peaks of January …
(8/1/23) Summer is in full-swing, and markets are matching the heat with extreme bullish sentiment. What is the cost of hedging your portfolio over time? No one believes a correction is coming (so it…
(8/1/23) Starbucks, Pfizer, and Merck headline today's earnings reports as earnings season continues, but fewer companies are beating earnings estimates, that those that do aren't being rewarded for …
(7/31/23) Investors prepare for August with the "rarity" of market performance: entering the seasonably weaker months of summer with 90% of stocks trading above their moving average; there is a high …
(7/31/23) Markets opened strong on Thursday but quickly sold off on news of the Bank of Japan's Yield Curve controls, which turned out ot be a false rumor. Then on Friday, the actual change by the BO…
(7/28/23) How do Millionaires spend their money? No processed food: Health = wealth; no cheap stuff; buy in the middle. Look for dependability in durable goods purchases. [NOTE: This segment is excer…
(7/27/23) An overview of the current earnings reporting reveals profit margins have declined to pre-pandemic levels. Markets' flat response to Jerome Powell post-FOMC meeting presser The effects of s…
(7/28/23) The Dow is on one of the longest winning streaks we've seen in some time; a very different story from the S&P and the NASDAQ. The Dow is only now breaking out of a trading range in which it…
(7/26/23) Why would the Fed cut rates at a time when the markets are rallying, and the economy is doing well? Will this be the final rate hike? Microsoft's report has weaker guidance, Google's very p…
(7/26/23) Markets are on the verge of breaking out to new, 52-week highs, thanks to mega cap companies' sterling earnings reports...and the fact that markets never really retraced back to the 20-DMA.…
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Wed 26 Jul 2023
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