So we beat on, boats against the current, borne back ceaselessly into the past – F. Scott Fitzgerald, The Great Gatsby Whenever I come back to Sacramento it stirs up all sorts of memories. I came to Sacramento in the…
Stock markets have experienced a nice bounce so far this week but it’s just a relief rally. Nothing has changed; the bear market is by no means over. So what you want to do IMO is use the higher prices…
The market is bifurcated into the mega cap tech stocks that have held up well so far – and thus propped up the indexes – and the smaller but still important stocks that have already suffered brutal bear markets. My…
The nation’s leading grocer, Kroger (KR), reported excellent 4Q21 earnings Thursday morning. Comps excluding fuel were +4% and gross margin was solid at 22.2% resulting in a 12% increase in EPS to 91 cents. KR expects the strength to continue…
2021 was a year that will be long-remembered for retail investors’ flash-mobbing of “meme stocks” thanks to social media sites like Reddit and online trading platforms like Robinhood. The rocket ship emojis and popular trends that included trading in non-fungible…
The bullish sentiment for a year end rally is palpable. The Russell 2000 Small Caps ETF (IWM) closed up 49 cents (0.21%) on average volume Tuesday – hardly a convincing move – and yet the Twitter technicians were jumping over…
Monday’s trading session was bullish and the trend remains up regardless of the fundamentals. The most positive development was the broadening out of market strength. Last week was all about mega cap tech pulling up a thin market. Today the…
I got it wrong. Early Friday morning I asked “Is the bull market over?” and answered that – while no certainty was possible on such a question – I believed that in the wake of the negative reception to Apple…
The great hedge fund manager David Tepper of Appaloosa Management gave an extended interview [CNBC Pro Subscription Required] to Scott Wapner on Friday’s Fast Money Halftime Report on CNBC. The key takeaway in my opinion is that interest rates will…
The stock market has been very thematic since the March 2020 COVID lows as investors try to invest in an environment of extreme uncertainty.