Wednesday at 2pm EST the Fed released its policy statement explaining its March rate decision and forward outlook. At 2:30pm EST Chair Powell held a press conference. In the wake of the Fed’s maintaining its outlook for three interest rate…
Needless to say this is not the start to the year the crowd was expecting. Everything was breaking out at the end of last year but two of the most important ETFs in the market have failed to hold their…
The time of maximum pessimism is the best time to buy and the time of maximum optimism the best time to sell – John Templeton Powell and The Fed surprised the market Wednesday by changing their tune. Instead of their…
Blame it on the WSJ’s Jon Sindreu who wrote a column about the Magnificent 7 and all the rest in today’s WSJ (“How Long Can The Magnificent 7 Stocks Hold The Line?” [SUBSCRIPTION REQUIRED]). I know I’ve beaten this argument…
Friday was an interesting day in which smaller stocks outperformed mega cap tech – the opposite of what’s happened so far this year. The Russell 2000 (IWM) was +2.92% while the Nasdaq 100 (QQQ) was up only 0.29%. IWM broke…
I probably sound like a broken record but it’s a tale of two markets: Big Tech and all the rest. Nvidia (NVDA) reported a monster quarter Tuesday after the close and will be the focus of Wednesday’s session. Revenue of…
We’re in a mini Goldilocks scenario. The soft landing is playing out – Alessio de Longis, Senior Portfolio Manager, Invesco There’s too much reliance on a soft landing at this point. We need to be a little bit cautious –…
The better than expected October CPI last Tuesday morning has ended the Fed’s rate hiking campaign. As you can see in the Fed Futures Probabilities charts above, the market is placing no chance of anything other than a pause at…
In my weekly preview, I wrote about my “Long WMT/Short HD” position and I continue to like that trade despite the action in the stocks post earnings. HD bounced after reporting earnings Tuesday mornings but only because the stock was…
On Tuesday morning, the October CPI came in below expectations (0.0% headline, 0.2% core) leading to an explosive move higher in stocks and bonds. The rationale is that with inflation now apparently under control, the Fed no longer has any…