As we wind down the week, it’s time to start preparing for the next one. The calendar will again be light with the key events being the August CPI Report on Wednesday morning, Apple’s (AAPL) Wonderlust event on Tuesday morning…
The August Jobs Report on Friday was a “goldilocks” report by consensus. The economy added 187,000 jobs in August – according to the BLS – while prior months were revised down by 110,000. It therefore appears that the jobs market…
In an interview on CNBC’s Closing Bell Wednesday [SUBSCRIPTION REQUIRED], BTIG’s Chief Market Technician Jonathan Krinsky said that the current rally is either the weakest start to a bull market ever or the biggest bear market rally ever. He said…
In “All Eyes On NVDA” I wrote that Nvidia’s quarterly report due out Wednesday afternoon would be the first big test of the idea that this is an “iPhone moment” for Artificial Intelligence (AI). Well: NVDA passed the test, exceeding…
Three months ago on the afternoon of Wednesday May 24, Nvidia (NVDA) gave surprisingly strong current quarter guidance in conjunction with its earnings report. The guidance for $11 billion in revenue in the current quarter blew away the consensus estimate…
Apple Zero is like the old Apple but without any growth – Eric Savitz, “Amazon Just Won Earnings Season. Apple Is Struggling” [SUBSCRIPTION REQUIRED], Barron’s, August 5 On Thursday afternoon, Apple (AAPL) reported a bad quarter while Amazon (AMZN) reported…
Apple (AAPL) is the greatest stock of all time but this year’s parabolic move may be its last hurrah. That’s because while the stock is up more than 50%, it has nothing do with the company’s fundamentals. The essential problem…
There’s an actual chance here the Fed could stick the landing – Dryden Pence, CIO Pence Capital Management (quoted in Karen Langley “Stock Market Shrugs Off Recession Signals As Rally Builds” [SUBSCRIPTION REQUIRED], WSJ B1 Wednesday 7/26) In less than…
The stock market rally so far this year is only picking up speed. Last week’s benign June CPI Report has led investors to believe that the Fed will end its hiking cycle next week without pushing the economy into a…
The June CPI Report came in below expectations Wednesday morning resulting in another rally in stocks. Headline CPI was 3.0% and Core 4.8%. For some reason the Fed feels the need to hike rates one more time in two weeks…