It’s been quite a rally the last few weeks as Trump has walked back the outrageous tariffs he announced on Liberation Day and 4 of The Magnificent 7 have reported solid earnings over the last week. 5,500 represents a significant…
In analyzing the markets we must always keep in mind that the Mag 7 make up approximately 30% of the market capitalization of the S&P 500. As a result, so go the Mag 7, so goes the major market indexes….
The narrative over the last few weeks has been that the defeat of inflation will allow The Fed to cut rates in September has resulted in a rotation out of Mega-Cap Tech (QQQ) and into Small Caps (IWM) which will…
Google (GOOG/GOOGL) just reported a blowout quarter after the market close Thursday. Revenue was +15%, Operating Margin surged to 31.6% from 25.0% a year ago and EPS of $1.89 is up 62% from the year ago period. These are massive…
Stocks rallied hard on Tuesday in the wake of the February CPI – but it didn’t make any sense. The CPI came in slightly hotter than expected and this sticky inflation has taken a May rate cut off the table….
The market weight S&P 500 closed just below its 200 DMA Monday as we head into the heart of 3Q23 earnings season with Google (GOOG/GOOGL), Microsoft (MSFT), Facebook (META) and Amazon (AMZN) all reporting earnings this week. As Karen Langley…
Google (GOOG/GOOGL) and Microsoft (MSFT) were the first of The Big 5 to report 2Q22 earnings Tuesday afternoon – and their reports can best be characterized as mediocre. Let’s start with GOOG/GOOGL. Core Advertising Revenues grew only 12% – compared…
The market is bifurcated into the mega cap tech stocks that have held up well so far – and thus propped up the indexes – and the smaller but still important stocks that have already suffered brutal bear markets. My…
Fed Chair Jay Powell finds himself in a bit of a bind ahead of Wednesday’s Fed Decision and press conference. On the one hand, he faces a crashing stock market; on the other, raging inflation. The tone he strikes in…
The NASDAQ appears to me to be in serious technical trouble. For a while now, I’ve been writing about the “stealth bear market”. That is, important but not leading stocks have been breaking down beneath the surface without doing much…