This Week: NVDA CEO Huang Keynote AI Speech, BOJ & Fed Decisions
Monday at 1pm PST, Nvidia (NVDA) CEO Jensen Huang will be giving a keynote speech at the SAP Center in San Jose, CA on the future of Artificial Intelligence (AI). Obviously Huang is going to hype AI. The real question…
Sticky Inflation And The Neutral Rate
I just filled up my gas tank and it was over $5/gallon. This is just another example of sticky inflation: Inflation may not be going up as fast as it was a couple years ago but prices are still quite…
Sticky Inflation Means Higher For Longer And The Magnificent 7 Are Out Of Gas
Stocks rallied hard on Tuesday in the wake of the February CPI – but it didn’t make any sense. The CPI came in slightly hotter than expected and this sticky inflation has taken a May rate cut off the table….
The Return Of Higher For Longer, DLTR: A Tale Of Two Economies
As markets have digested the slightly hotter than expected February CPI on Tuesday morning, the idea of sticky inflation has started to take hold and the debate about the timing of the first rate cut pushed back to June. A…
Is Inflation Sticky? NVDL: 2x Long NVDA
The February CPI came in this morning marginally hotter than expected with both headline and core increasing by 0.4% month over month. As I wrote earlier this morning, bulls would have liked to see core at 0.3%. Which raises the…
February CPI, ORCL Is Growing Again, NVDA
This morning at 8:30am EST the BLS will report the February CPI. As you can see in table above, estimates are for headline to be +0.4% and core +0.3% month over month. Anything notably higher than that is likely to…
NVDA Led Market Reversal Likely Marks At Least Short Term Top
For many years Apple was the most important stock in the market but right now it’s Nvidia (NVDA). And on Friday, NVDA surged once again at the open but then made a high around 10:30am EST and reversed hard to…
In Search Of Goldilocks: February Jobs & CPI Reports
Next up are the February Jobs report to be released this morning (Friday) at 8:30am EST and the February CPI next Tuesday morning at 8:30am EST. These are the two big economic reports that economists – including those at the…
AVGO: Where’s The AI Boom?
Broadcom (AVGO) – sometimes called “the poor man’s Nvidia” – has surged along with Nvidia on anticipation of big demand for its chips for AI. But – unlike Nvidia – it simply isn’t showing up in AVGO’s numbers. Overall revenue…
KR: Boring Is Beautiful
I was speaking with Errol – a poker dealer at casino M8TRIX who likes to trade based on technical analysis – on Sunday about stocks as usual. Errol was focused on Abercrombie & Fitch (ANF) – one of the hottest…