Blame it on the WSJ’s Jon Sindreu who wrote a column about the Magnificent 7 and all the rest in today’s WSJ (“How Long Can The Magnificent 7 Stocks Hold The Line?” [SUBSCRIPTION REQUIRED]). I know I’ve beaten this argument…
Friday was an interesting day in which smaller stocks outperformed mega cap tech – the opposite of what’s happened so far this year. The Russell 2000 (IWM) was +2.92% while the Nasdaq 100 (QQQ) was up only 0.29%. IWM broke…
Single digit growth territory is generally where Silicon Valley software companies go to die – or, at least, start paying dividends – Dan Gallagher, “Salesforce Keeps Growth Dreams Alive Enough” [SUBSCRIPTION REQUIRED], WSJ Fri 12/1 Salesforce (CRM) stock has had…
Everybody knows that Warren Buffett is the greatest investor of all time. But very few know the story of the philosophical transformation that made him so. Buffett started out as a disciple of Ben Graham. Graham was a deep value…
I’ve been playing poker for almost 20 years now and I’ve come to a hard won realization: making significant money playing live low stakes poker is nearly impossible. That’s because no matter how good you are, it is almost impossible,…
Cloud cybersecurity firm Zscaler (ZS) just reported an excellent quarter – and the stock is -7% in the after hours. Revenue was +40% to $497 million and EPS of 67 cents was +131%. ZS also raised full year guidance to…
Everybody knows that December is one of the best months of the year from a seasonality perspective. And with the Federal Reserve on pause, the consensus for a year end rally is almost universal. The S&P is only 40 points…
I probably sound like a broken record but it’s a tale of two markets: Big Tech and all the rest. Nvidia (NVDA) reported a monster quarter Tuesday after the close and will be the focus of Wednesday’s session. Revenue of…
We’re in a mini Goldilocks scenario. The soft landing is playing out – Alessio de Longis, Senior Portfolio Manager, Invesco There’s too much reliance on a soft landing at this point. We need to be a little bit cautious –…
The better than expected October CPI last Tuesday morning has ended the Fed’s rate hiking campaign. As you can see in the Fed Futures Probabilities charts above, the market is placing no chance of anything other than a pause at…