So Many Narratives, So Much Confusion
I have to admit it: I have no clue what is going on. The market has essentially been chopping around for the last two weeks as you can see in the tweet above by Jim Bianco. From a narrative standpoint,…
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Icahn’s Puts And The January CPI
While the price action still favors the bulls, the market has been marginally weak over the last five trading sessions since Apple (AAPL), Google (GOOG/GOOGL) and Amazon (AMZN) reported 4Q22 earnings on Thursday afternoon February 2nd. One of the more…
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Market Preview Week Of Feb 6-10: SPG UBER & PYPL
Thankfully, next week will slow down from last week’s epic pace so that perhaps we can catch our breath. Nevertheless, there are a few earnings reports that I’ll be focusing on: Simon Property (SPG), Uber (UBER) and PayPal (PYPL). The…
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The Technicals Vs The Fundamentals
Right now in the stock market we have as clear a divergence as I can recall between what the technicals are saying and what the fundamentals are. As far as the technicals, the S&P is above its 200 DMA, above…
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Back To Reality: The Earnings Recession Has Arrived
Sentiment became euphoric Thursday on the back of META earnings yesterday afternoon sending the NASDAQ up 3.25% and the S&P 1.47%. Unfortunately – as I suggested in my blog this morning (“The Bear Market Has Been Cancelled”) – price was…
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The Bear Market Has Been Cancelled
With the stock market surging higher – and key technical indicators turning bullish – it’s hard not to believe that the bear market has been cancelled. Why would stocks be rallying so hard otherwise? This is a good time to…
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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…
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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…
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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…
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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…
