A trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process – NVDA CEO Jensen Huang, Press Release May 24…
While most investors are focused on the first new 52-week high in the NASDAQ in more than a year, I’m studying John Deere’s (DE) just released earnings report. You can see in the tweet above that the previous four times…
Any way you slice it, inflation is clearly coming down and seemingly under control. Wednesday’s April CPI Report was just the latest data point to confirm that. And that means that the Fed’s hiking cycle is likely over. Fed Futures…
Apple (AAPL) has been such a great stock for so long that it’s hard to realize that it is past its prime. This was confirmed in their earnings report after the close Thursday. Revenue was -2.5% and Net Income -3.4%….
On Wednesday, The Fed raised the fed funds rate to a range of 5.00%-5.25% – the highest level since 2007. Importantly, they removed a line from their statement saying that “the committee anticipates that some additional firming may be appropriate”…
Embattled Silicon Valley bank First Republic (FRC) just reported 1Q23 earnings. FRC provided a nice summary of what you want to know in a section entitled “Recent Industry Events”. On March 9, deposits totaled $173.5 billion. On March 16, FRC…
The stock market has been quite resilient this year but my premise is that the Fed’s rate hiking is still working its way through the economy. If correct, this will show up in earnings at some point. I already thought…
The Fed today attempted the highly difficult “dovish hike”. What is a “dovish hike”? Think of it as like the triple axel in figure skating or the double clutch in basketball. It’s the gold standard of central banking moves, one…
There is a tremendous amount of uncertainty and disagreement about what the Fed will and should do on Wednesday. Nick Timiraos provided an excellent overview in an article on the front page of Tuesday’s Wall Street Journal (“Fed’s Interest-Rate Decision…
I have no doubt that First Republic (FRC) is a superior bank. At the same time, any bank under a fractional reserve model is subject to a loss of confidence by its depositors resulting in a bank run. And an…