I am currently about halfway through a fascinating podcast in which William Green, author of Richer, Wiser, Happier, interviews Chris Begg, Chief Investment Officer of East Coast Asset Management. One of the most intriguing concepts in the podcast is the…
The narrative over the last few weeks has been that the defeat of inflation will allow The Fed to cut rates in September has resulted in a rotation out of Mega-Cap Tech (QQQ) and into Small Caps (IWM) which will…
The consensus narrative is that the correction over the last month has ended as the S&P has bounced starting last Monday. But the S&P has still failed to surmount its 50 DMA – and was rejected hard there in Tuesday’s…
As I suggested late afternoon last Thursday, the most likely scenario was for the S&P to gap up to near its 50 DMA in the wake of strong Google (GOOG) and Microsoft (MSFT) earnings and then trade sideways for the…
On Wednesday night I said that “The Bull Market Has Been Canceled” because the Big Tech stocks that had been holding up the market were starting to fail. The smaller stocks in the S&P and Russell 2000 had already broken…
The market weight S&P 500 closed just below its 200 DMA Monday as we head into the heart of 3Q23 earnings season with Google (GOOG/GOOGL), Microsoft (MSFT), Facebook (META) and Amazon (AMZN) all reporting earnings this week. As Karen Langley…
Apple Zero is like the old Apple but without any growth – Eric Savitz, “Amazon Just Won Earnings Season. Apple Is Struggling” [SUBSCRIPTION REQUIRED], Barron’s, August 5 On Thursday afternoon, Apple (AAPL) reported a bad quarter while Amazon (AMZN) reported…
Right now in the stock market we have as clear a divergence as I can recall between what the technicals are saying and what the fundamentals are. As far as the technicals, the S&P is above its 200 DMA, above…
Sentiment became euphoric Thursday on the back of META earnings yesterday afternoon sending the NASDAQ up 3.25% and the S&P 1.47%. Unfortunately – as I suggested in my blog this morning (“The Bear Market Has Been Cancelled”) – price was…
Get your beauty sleep this weekend because next week is poised to be epic. In addition to a Fed Decision on Wednesday, we have Big Tech earnings. The market ramped up last week with the S&P breaking out above its…