In the wake of Lockheed Martin’s (LMT) underwhelming 1Q22 earnings report Tuesday morning, WSJ Heard on the Street columnist Jon Sindreu argued in Wednesday’s paper that defense stocks may be at “the peak of the wave” after a nice post-Ukraine…
As the NASDAQ chops around between 13,000 and 14,000 as I suggested it would during last Friday’s session in “A Countertrend Rally” ahead of Friday morning’s February Jobs Report at 8:30am EST, my attention is turning to Russia and the…
What investors have been fretting about finally happened: Russia invaded Ukraine Wednesday night. Bears have been correct in saying that we won’t see even an intermediate bottom until there is real fear – and we haven’t seen it yet. Well,…
The uncertainty around a Russian invasion of Ukraine combined with a three day weekend created a tough spot for traders. If Russia does indeed invade Ukraine, I suspect the market will tank when it reopens on Tuesday. If Russia does…
Gold had a big day Friday in the wake of the news that we might be going to war with Russia over Ukraine. The Gold ETF (GLD) was +1.91% on 3x average volume. Combine potential geopolitical conflict – and don’t…
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It is an extraordinary measure for a central bank, particularly the purchase of financial assets to encourage the decline in risk premiums. To be explicit on that point and to extensively influence market interest rates and risk premiums, the Bank…
Fascinating front page article in today’s Wall Street Journal on central banks around the world intervening to try and prop up the dollar and prevent their currencies from appreciating so much against it: “World Tries To Buck Up Dollar”, The…