The Technicals Vs The Fundamentals
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…
Back To Reality: The Earnings Recession Has Arrived
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…
Market Preview Week Of Jan 30-Feb 3: The Fed And Big Tech Earnings
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…
GOOG/GOOGL MSFT: Mediocre
Google (GOOG/GOOGL) and Microsoft (MSFT) were the first of The Big 5 to report 2Q22 earnings Tuesday afternoon – and their reports can best be characterized as mediocre. Let’s start with GOOG/GOOGL. Core Advertising Revenues grew only 12% – compared…
The Market Is Poised For A Bounce
The market has been thrashed in the four days since Powell essentially assured a 50 basis point hike next Wednesday. The NASDAQ is down 8% over that time span (-20% YTD) and closed Tuesday at a 52-week low. The dollar…
The Bifurcated Market II: Contrasting My View With The Great Puru Saxena
The market is bifurcated into the mega cap tech stocks that have held up well so far – and thus propped up the indexes – and the smaller but still important stocks that have already suffered brutal bear markets. My…
GOOG Crushes It But SBUX Shows That Inflation Is Nasty
Google (GOOG/GOOGL) reported 4Q21 earnings after the close Tuesday and they were a thing of beauty. Revenue increased 32% to $75 billion resulting in a 38% increase in diluted EPS to $30.69. GOOG/GOOGL had revenues in excess of $250 billion…
The Technical Case For A NASDAQ Bear Market
The NASDAQ appears to me to be in serious technical trouble. For a while now, I’ve been writing about the “stealth bear market”. That is, important but not leading stocks have been breaking down beneath the surface without doing much…
From Whatever It Takes To Retiring Transitory – The End of the Post-COVID Bubble
On Monday March 23, 2020 before the market opened – in the midst of the COVID panic – Chairman Powell essentially told financial markets that he would do whatever it took to support financial markets: The Federal Reserve will continue…
QQQ Vs IWM: Which One Is Telling The Truth?
The stock market had a big day Monday recouping most of its losses from Friday. The S&P was +1.32% and the NASDAQ +1.88%. However, a look beneath the hood shows the same problem I’ve been harping on for at least…