An interesting meme has taken hold of the crowd mind that is financial markets in recent weeks: The Peak Inflation Narrative. It started when Powell signaled a 50 basis point hike on Thursday April 21 and has gained momentum since….
Agricultural commodities (i.e. food) are increasing in price for the same reason that all commodities are: extraordinarily loose monetary policy for almost 15 years – and especially post-COVID. Obviously food is a necessity which means that as inflation squeezes consumers’…
The precious metals miners are getting whacked for the third straight day Monday in the wake of Powell’s hawkish comments on Thursday. It’s pretty incredible to me that after nearly 15 years of insanely easy money, a few words from…
I can wait without having a twinge of impatience. I can see a setback without being shaken, knowing that it is only temporary. I have been short one hundred thousand shares and I have seen a big rally coming. I…
I want you to pay special attention to this blog because it can make you a lot of money. Here’s the thing: there was a secular bull market in technology stocks from 2009 through 2021 that investors made a lot…
There’s not a lot on the earnings calendar for the week of April 4 through April 8 but there are two stocks that are interesting to me. Steel recycler Schnitzer (SCHN) and marijuana company Tilray (TLRY) both report Wednesday morning…
Steel manufacturer Cleveland Cliffs (CLF) reported 4Q21 earnings before the open Friday. Despite a less than stellar report, it shows that commodity stocks are the best value in the market. CLF sold 19% less tons of steel compared to 3Q21…
Coal miner CONSOL Energy (CEIX) reported 4Q21 earnings Tuesday morning and its report shows that it’s time to buy commodity stocks. The reason is simple: The price of the stuff they sell is going up. CEIX’s average selling price per…
I contend that we have been in a trading range between 15,500 and 16,000 on the NASDAQ since the start of November. Which way that gets resolved will determine the direction of the market in the immediate term IMO. While…
Monday’s trading session was bullish and the trend remains up regardless of the fundamentals. The most positive development was the broadening out of market strength. Last week was all about mega cap tech pulling up a thin market. Today the…