META-Physics
Meta (META) reported a better than expected 4Q22 after the close Wednesday. Revenue was off only 4% compared to a year ago – with many concerned it would be a lot worse. In addition, META continues to tighten up its…
Oh SNAP!
The bulls were bordering on euphoric heading into the close Tuesday but Snapchat (SNAP) has thrown cold water on them with another disappointing quarter. As you can see in the tweet above by Benzinga, Daily Active Users (DAUs) and Revenue…
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…
Tuesday Morning Rundown: Goldilocks, DHI UNP LMT Earnings
The S&P closed above its 200 DMA Monday on hope that the Fed is close to done in its fight against inflation and the economy will avoid a recession. Investors are pricing in a “Goldilocks scenario” according to Liz Ann…
Stocks Run Up Into Earnings Season As The Fed Considers Pausing
Stocks are bouncing hard into the start of 4Q22 earnings season as investors anticipate the end of the Fed’s rate hiking cycle. The Fed Whisperer Nick Timiraos had a must read article on the front page of today’s Wall Street…
Market Preview Week Of Jan 23-27: Credit Cards, Railroads, Housing
4Q22 earnings season picks up steam next week. While the headliners are Microsoft (MSFT) and Tesla (TSLA), I’m focused on credit card companies Capital One Financial (COF) and American Express (AXP), railroads Union Pacific (UNP) and CSX, and home builder…
The 200 DMA
Technical Analysis is bullshit. You can always find a line to draw that makes it look like support or resistance. For example, I remember technicians on Twitter talking about the 200 Week Moving Average being support at the end of…
All Eyes On The BoJ Decision
As I wrote in this week’s market preview, the biggest event of the week may come from Japan in the form of the BoJ’s decision overnight tonight on its Yield Curve Control (YCC) policy. Last month it increased the cap…
Market Preview Week of Jan 17-20: BOJ Decision; Long PG, Short NFLX
The market is closed on Monday January 16 for Martin Luther King Day. Goldman (GS) and Morgan Stanley (MS) report earnings Tuesday morning. The big event next week may come from the Bank of Japan which I believe will make…
An Analysis Of The DEC22 CPI Report
The December CPI Report came out an hour ago and the market is gyrating wildly as it tries to interpret it and price it in. The somewhat technical blog I wrote yesterday about headline vs core vs “supercore” CPI is…