UBER $1 Trillion
Growth stock investing is not my forte. I’m a macro guy first and a value guy second. But Uber (UBER) is a growth stock that is just too good to pass up. UBER is divided into two segments: Mobility and…
Growth stock investing is not my forte. I’m a macro guy first and a value guy second. But Uber (UBER) is a growth stock that is just too good to pass up. UBER is divided into two segments: Mobility and…
The most important thing to understand about this market is how thin participation in the rally is. I have heard technicians make various arguments that it’s not all tech using one statistic or chart or another but none of them…
Despite my reputation as a permabear, I was buying Facebook (META) at the end of 2022 (just like I was buying Tesla). But the rally has become overextended and it’s hard to see how 2024 won’t disappoint investors. Let’s dig…
Fed Chair Jerome Powell was significantly more hawkish than expected in his post Fed Statement press conference Wednesday resulting in a selloff in stocks. Powell said he didn’t think a March rate cut was likely pushing up the odds of…
History doesn’t repeat itself but it rhymes – Mark Twain In the late 1960s and early 1970s there was a group of high quality companies including Kodak and Xerox that led the market and which investors piled into regardless of…
Tesla (TSLA) reported a disappointing quarter after the close Wednesday and shares are currently -11%. I like trading TSLA because it’s a high quality company whose shares fluctuate far more than its intrinsic value. For example, at the end of…
The S&P 500 broke out to new all time highs above 4800 Friday and the bulls were celebratory. Michael Antonelli – Market Strategist at Baird – reminded us that pessimists sound smart while optimists make money. Another financial advisor quipped…
Contemporary financial markets are more about forecasting monetary policy than analyzing company fundamentals. And what we’ve seen in the first two and a half weeks of 2024 is a recalibration of expectations about how quickly and how much the Fed…
Needless to say this is not the start to the year the crowd was expecting. Everything was breaking out at the end of last year but two of the most important ETFs in the market have failed to hold their…
My biggest position is the Long Term Treasury ETF (TLT). After being early and getting slaughtered, TLT has rallied hard in the last two months. The reasons are tame CPI reports and the Fed Pivot. With the 10 year yield…