The Fed is going to cut rates a quarter point on Wednesday – but it shouldn’t and it doesn’t seem like it wants to. The stock market is at all time highs, Bitcoin is over $100,000 and inflation remains stubbornly…
It’s been a great time in the market with the S&P +31.46% over the last year. But – for a number of reasons – I suspect 2025 will surprise many in being a bad year with the S&P dropping 25%….
The S&P broke out to new all time highs Thursday in the wake of the Fed’s 50 basis point cut to the Federal Funds Rate on Wednesday. While it is consolidating a bit today (Friday), as long as it stays…
Source: Chart from Tim Duy Tweet Every downturn is idiosyncratic, with one commonality: They all come after a period of Fed rate hikes – Tim Duy, Twitter, September 17 6:03pm PST History doesn’t repeat itself but it often rhymes –…
Up until Thursday it was looking like the Fed would play it conservatively and cut rates by 25 basis points on Wednesday. But then Nick Timiraos – known as The Fed Whisperer – published an article on WSJ.com that appeared…
One of the more amusing things I’ve seen in recent years – and there have been many – was Oracle’s (ORCL) forecast for $104 billion in revenue in FY29 at a meeting for financial analysts on Thursday. Let me put…
Market Commentary: JP Morgan (JPM) is down 7% today after President and COO Daniel Pinto said “Net interest income (NII) expectations are a bit too high. Next year is going to a bit more challenging” at an industry conference. Ally…
Technicals: The S&P closed last week at 5,408 – just above 5,400 which is an important level because the S&P has spent so little time below it in the last three months. In other words, below that level almost everyone…
Investors are struggling to reconcile a market in which everything has performed great, yet nothing seems worth buying – Jon Sindreu, “Love-Hate Connection To Stocks Intensifies” [SUBSCRIPTION REQUIRED], WSJ B1, Thursday 9/5 The market has been on a roller coaster…
The stock market got smashed to open September after the long Labor Day weekend. The S&P was -2.12% and the NASDAQ -3.26%. Nvidia (NVDA) led the way, dropping almost 10% as news that the DOJ is investigating it for antitrust…