The July CPI Report out early Wednesday morning was inline with expectations – Headline CPI +0.2%, Core CPI +0.2% – and hasn’t much changed the calculus for whether the Fed will cut 25 or 50 basis points on September 18….
A lower than expected PPI reading Tuesday morning slightly increased the probability of a 50 point rate cut by the Fed on September 18 resulting a big stock market rally (S&P +1.68%, NASDAQ +2.43%). On the other hand, Home Depot…
Exactly one week ago the market was setting up for a scary open on Monday August 5. Buffett had sold half his Apple (AAPL) position and the BOJ had hiked interest rates to 0.25% threatening the yen carry trade. The…
Last Monday I suggested that McDonald’s (MCD) 2Q24 US Comps of -0.7% implied the economy was rolling over. However, one commenter on Stocktwits rightly pointed out that MCD is a barometer of the spending of the lower and lower-middle classes…
While everybody knows that I’m bearish on the market overall – and especially on The Magnificent 7 – there are a few growth stocks I like. In fact, when it comes to Uber (UBER) I’m one of the biggest bulls…
The narrative over the last few weeks has been that the defeat of inflation will allow The Fed to cut rates in September has resulted in a rotation out of Mega-Cap Tech (QQQ) and into Small Caps (IWM) which will…
McDonald’s (MCD) reported earnings early Monday morning and the results suggest the economy is rolling over into recession. Comps have been decelerating for a year now and went negative in 2Q24. US Comps were -0.7% compared to +10.3% a year…
Chipotle (CMG) is a great fast casual restuarant chain that is doing everything right – but there are limits to the multiple applied to a company that sells burritos. CMG has been one of the best stocks in the market…
With two wars currently raging – Russia/Ukraine and Israel/Palestine – and a third a concern – China/Taiwan – defense stocks make all the sense in the world. If nothing else, they could serve as a hedge in your portfolio against…
Since Thursday’s weaker than expected June CPI Report, the market has undergone quite the transformation. Megacap Tech – The Magnificent 7 – which have accounted for most of this bull market’s gains have taken a breather. On the other hand,…