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A Look Back At Next Year
ANOTHER BEAR MARKET RALLY: The stock market has rallied nicely the last couple of months and once again the bulls are saying the bottom is in. It isn’t. Like March and August this is another bear market rally – though…
Fed Raises Rates To Highest Level Since 2007
On Wednesday, The Fed raised the fed funds rate to a range of 5.00%-5.25% – the highest level since 2007. Importantly, they removed a line from their statement saying that “the committee anticipates that some additional firming may be appropriate”…
Kostin Year End S&P PT: 5200, AMAT Earnings, NVDA Earnings Next Week
While the S&P has broken out to new all time highs and technicians are in a frenzy, things might have gotten a little ahead of themselves according to Goldman Sachs Chief Equity Strategist David Kostin. Kostin has a 5200 year…
FRC: Depositors Pull $100 Billion
Embattled Silicon Valley bank First Republic (FRC) just reported 1Q23 earnings. FRC provided a nice summary of what you want to know in a section entitled “Recent Industry Events”. On March 9, deposits totaled $173.5 billion. On March 16, FRC…
