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The Fed Will Raise 75 Basis Points Wednesday; “Critical Junctures” Coming
Reading Time: 3 minutesThe Fed changed its mind – and told The Wall Street Journal’s Fed reporter Nick Timiraos. They were going to raise 50 basis points but after considering last Friday’s hot CPI number they’ve decided to raise 75. They told Timiraos…
Interpreting the Disconnect Between Earnings and Stock Prices: The Cases of DIS & MCD
Reading Time: 12 minutesNote: A few months ago I started writing a daily morning market email for clients, friends and family. I recently decided to start making this email more broadly available. Email me at gfeirman@topgunfp.com if you’d like to be added to…
Fed Minutes Reveal Balancing Act at the Fed
Reading Time: 4 minutesA few weeks after each Fed meeting, the minutes for that meeting are released. The minutes are not an actual transcript of what was said but a shamelessly doctored summary. As I tried to explain a couple weeks ago the…
Bears Take Control But Expect A Bounce Next Week
Reading Time: 2 minutesIMO a decisive break below and failure to reclaim $390 would mean that the bull market is likely over. I wouldn’t be surprised to see it happen this week – Top Gun Financial, Tuesday 11/30 Bears took control of the…
Santa Comes Early
Reading Time: 4 minutesStocks had a furious rally the last three days of the holiday shortened week. On Thursday, the S&P was +0.62% to 4,726 (a new all time high), the NASDAQ was +0.85% and the Russell +0.89%. I don’t want to be…
Stocks Down Slightly On In Line November Jobs Report
Reading Time: 3 minutesThe Bureau of Labor Statistics said that non-farm payrolls grew by 94,000 in November, slightly above the 85,000 economists had forecasted but possibly a bit below what investors were really looking for given the strong ADP number on Wednesday. Going…

