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Actually, We’re Still Your Bitch! Sorry About Yesterday! Oops :)
Reading Time: 2 minutesThis is getting a little ridiculous. Apparently the Fed was not happy with the market reaction to its overture yesterday and so it has come back with a little more this morning. The Fed has announced a new Term Auction…
TLT $115: The Forces At Play In The Treasury Market
Reading Time: 5 minutesMy biggest position is the Long Term Treasury ETF (TLT). After being early and getting slaughtered, TLT has rallied hard in the last two months. The reasons are tame CPI reports and the Fed Pivot. With the 10 year yield…
Friday Is The 20th Anniversary of Black Monday
Reading Time: 1 minute20 years ago Friday, on Monday October 19, 1987, the stock market crashed in its worst one day drop ever (22.6%). Black Monday stands as Wall Street’s apacolyptic moment. Why? Nobody can give a satisfying answer. And, of course: Can…
Top Gun FP Client Note: The January Barometer
Reading Time: 6 minutesNOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
Horrible Jobs Report + Horrible Expectations = Up Market
Reading Time: 2 minutesDays like today are interesting and telling: The October Jobs Report, announced by the BLS this morning, was brutal. Employment dropped 240,000 in October and September job losses were revised up to 284,000 from 159,000. That’s a lot of jobs…
NVDA On Deck, PANW This Afternoon, LIT For The Long Term
Reading Time: 4 minutesObviously the highlight of the week is Nvidia (NVDA) earnings Wednesday afternoon. As I wrote in my last blog, NVDA is guiding the Jan quarter to $20 billion in revenue and 75% gross margins. NVDA only provides quarterly guidance and…
