You’d think defense stocks would have performed better given all the geopolitical conflict over the last two years. But – as Jon Sindreu wrote in his excellent column in this morning’s WSJ (“What Defense Shares Say About A More Violent…
One result of the relentless rise in interest rates – which reversed a bit last week – is that the Fed is now on pause and likely done with its rate hiking campaign. Fed Futures are pricing in a 94%…
There is a dealer at Casino M8TRIX in San Jose who is also a stock trader and likes to talk to me about the market when I play poker there. When I walked in yesterday, as soon as he saw…
The great geopolitical analyst and theorist Robert Kagan wrote a long article on Chinese ambitions for the WSJ’s Review section this past weekend: “Challenging The US Is A Historic Mistake” [SUBCRIPTION REQUIRED]. I highly recommend it for laymen like myself…
The S&P closed above its 200 DMA Monday on hope that the Fed is close to done in its fight against inflation and the economy will avoid a recession. Investors are pricing in a “Goldilocks scenario” according to Liz Ann…
In the wake of Lockheed Martin’s (LMT) underwhelming 1Q22 earnings report Tuesday morning, WSJ Heard on the Street columnist Jon Sindreu argued in Wednesday’s paper that defense stocks may be at “the peak of the wave” after a nice post-Ukraine…
As the NASDAQ chops around between 13,000 and 14,000 as I suggested it would during last Friday’s session in “A Countertrend Rally” ahead of Friday morning’s February Jobs Report at 8:30am EST, my attention is turning to Russia and the…
What investors have been fretting about finally happened: Russia invaded Ukraine Wednesday night. Bears have been correct in saying that we won’t see even an intermediate bottom until there is real fear – and we haven’t seen it yet. Well,…
The uncertainty around a Russian invasion of Ukraine combined with a three day weekend created a tough spot for traders. If Russia does indeed invade Ukraine, I suspect the market will tank when it reopens on Tuesday. If Russia does…
Gold had a big day Friday in the wake of the news that we might be going to war with Russia over Ukraine. The Gold ETF (GLD) was +1.91% on 3x average volume. Combine potential geopolitical conflict – and don’t…