Top Gun FP Client Note: The Causes Of The Financial Crisis
Here’s the PDF file for this weekend’s client note: Top Gun FP Client Note: The Causes Of The Financial Crisis.
Here’s the PDF file for this weekend’s client note: Top Gun FP Client Note: The Causes Of The Financial Crisis.
Goldman (GS) lived up to the hype this morning and reported a great quarter. Net income was $2.7 billion ($4.93 a share) including a one time $426 million dividend on TARP Preferred shares owned by the US Treasury which Goldman…
On Sunday I wrote this in the context of arguing against Props 1B – E: Nobody can deny the importance of the goals that Propositions 1A – 1E aim at. California’s infrastructure, especially its transportation system, is crucial to the…
Thursday the Fed raised the Fed Funds Rate 75 basis points to 3.0-3.25% as expected. What surprised me – and the market – was the continued hawkishness implied by the “dot plot” – the Fed’s expectation of where interest rates…
Starbucks (SBUX) US same store customer transactions decreased by 1% in the just completed quarter, the first time that measure has been negative since Starbucks started reporting it three years ago. Their 4% same store sales increase in the US…
The first day of the month has been phenomenal since the beginning of 2010. It has been up 12 of 14 days with an average gain of 1.05%. In fact, 15.7% of the S&P’s 18.3% gain since the beginning of…
Take a close looks at the eighteen red dots in the chart above by Jason Goepfert of Sentimentrader: 1987, 1990, 1998, 2008-2009, 2018-2019, 2020. Breadth readings this bad – this many stocks hitting 52-week lows on the NYSE and NASDAQ…