Six months ago investors panic sold Walmart (WMT) and Target (TGT) and today they will panic buy them. That’s because WMT just reported a stellar 3Q22 with US comps excluding fuel +8.2% even on a tough comp of +9.2% a…
The stock market had a terrific relief rally at the end of last week in the wake of the cooler than expected October CPI Report. Since inflation has been the main driver of the bear market some bulls have concluded…
The scenario I laid out Tuesday morning is playing out exactly as I thought it might: a lower than expected October CPI Report combined with extremely bearish investor positioning has resulted in a massive relief rally (“Speculating On The October…
In late September I wrote a blog titled “Something Is Going To Break”. The premise was that if the Fed didn’t start to ease up soon something would break. With the failure of crypto exchange FTX it’s starting to happen….
When I go out I like a burger with fries or a margarita with salt. But that’s not what the market is serving. We’ve got a Fed pivot with weak earnings. What should we do? Obviously a Fed pivot –…
We anticipate Reality Labs operating losses in 2023 will grow significantly year over year – META 3Q22 Press Release 10/26/22 With his stock down ~70% from its all time highs as its core business – Facebook and Instagram – matures…
The stock market has had a terrific run over the last nine sessions since the stunning reversal two Thursdays ago. Add on a likely Fed pivot and the move makes complete sense. But markets probably got a little too excited…
Stocks rallied Friday as The Fed Whisperer Nick Timiraos penned a column suggesting that the Fed may be close to pivoting to a less hawkish stance. Timiraos suggested that – while the Fed will raise another 75 points on November…
It’s been a few days since last Thursday’s stunning reversal giving us some time to sort out what it means. As predicted some found technical analogies to support the idea that the price action suggested a bottom was near. The…
The much anticipated September CPI Report came out this morning before the market opened hotter than expected. The CPI increased 8.2% year over year and 0.4% month over month – above expectations. The Futures were up big before the report…