Friday morning’s much anticipated November CPI Report came in essentially inline with expectations with headline inflation up 6.8% year over year and 0.8% month over month. This likely means the Fed will go ahead with its accelerated tapering plan next…
After a strong three day bounce, the market softened Thursday with the S&P -0.72%, the NASDAQ -1.71% and the Russell -2.27%. NYSE + NASDAQ Advancers to Decliners were 1,997 to 6,030 on relatively mild volume of 8.3 billion shares compared…
Stocks drifted higher on low volume Wednesday. The S&P was +0.31%, the NASDAQ +0.64% and the Russell +0.80%. NYSE + NASDAQ Advancers to Decliners were 5,141 to 2,883 and volume of 8.8 billion was light relative to what we’ve seen…
I do expect bulls to make a stand next week – perhaps as early as Monday morning. While everything else is technically broken, the QQQ has not cracked yet. While QQQ did take out $390 last week, it found support…
Monday was a quiet day in the market with the S&P flat, NASDAQ -0.04% and Russell +0.45%. NYSE + NASDAQ breadth was slightly negative and volume was down 13% from a week ago. I think the market was essentially in…
The market had a marginal bounce Thursday after two days of selling with the NASDAQ +0.52%, S&P +0.06% and Russell +0.82%. I wouldn’t get too excited if I was a bull because in addition to the gains being limited, volume…
Stocks had their worst day in recent memory Wednesday with the S&P -0.82%, the NASDAQ -1.66% and the Russell -1.55%. The red ink may not let up tomorrow as Disney (DIS) – another one of the 25 most important stocks…
The great hedge fund manager David Tepper of Appaloosa Management gave an extended interview [CNBC Pro Subscription Required] to Scott Wapner on Friday’s Fast Money Halftime Report on CNBC. The key takeaway in my opinion is that interest rates will…
The combination of all this fiscal and monetary stimulus is turbocharging what Keynes called aggregate demand. All that demand is putting tremendous stress on the global supply chain resulting in bottlenecks and raw material inflation. The inflation we are now…
For the first time in 40 years we have real inflation in the US and the implications are enormous. It means the end of the 40 year bond bull market, a stock market crash and The Second Great Depression. In…