Too Hot Too Handle
Even if this is a new bull market, stocks got a little too hot to handle and we’re undergoing a mild pullback this week. Powell talked tough in front of Congress Wednesday and Federal Express (FDX) and Darden (DRI) both…
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How To Play A “Hawkish Pause”
The Fed is widely expected to do a “hawkish pause” today. What exactly does that mean? It means that while they will not raise interest rates, Powell is expected to be hawkish in his press conference. That is, he will…
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A New Bull Market?
The case that a new bull market has begun is growing stronger. From a technical standpoint, the S&P broke out to a 52-week high Monday and has continued higher Tuesday. Inflation continues to roll over with today’s May CPI coming…
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NVDA’s Monster Quarter An “iPhone Moment” For AI?
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…
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DE To Earn Nearly $10 Billion This Year
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…
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Inflation Is Under Control And The Fed Is Done Hiking; What Now?
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…
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AAPL Is Past Its Prime
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%….
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Fed Raises Rates To Highest Level Since 2007
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”…
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FRC: Depositors Pull $100 Billion
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…
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Sniffing Out A 1Q Earnings Slowdown
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…
