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…
McDonald’s (MCD) reported earnings early Monday morning and the results suggest the economy is rolling over into recession. Comps have been decelerating for a year now and went negative in 2Q24. US Comps were -0.7% compared to +10.3% a year…
The June CPI came in soft Thursday morning raising expectations of a Fed rate cut in September to about 85%. In an interesting reaction to the report, investors are selling the leading stocks in the Nasdaq-100 (QQQ) and rotating into…
Early Saturday morning – even before Iran fired missiles at Israel – I wrote that the bear market was on the cusp of being resumed. In fact, I literally guaranteed it at the end of the accompanying YouTube video I…
Wednesday at 2pm EST the Fed released its policy statement explaining its March rate decision and forward outlook. At 2:30pm EST Chair Powell held a press conference. In the wake of the Fed’s maintaining its outlook for three interest rate…
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…
Blame it on the WSJ’s Jon Sindreu who wrote a column about the Magnificent 7 and all the rest in today’s WSJ (“How Long Can The Magnificent 7 Stocks Hold The Line?” [SUBSCRIPTION REQUIRED]). I know I’ve beaten this argument…
I probably sound like a broken record but it’s a tale of two markets: Big Tech and all the rest. Nvidia (NVDA) reported a monster quarter Tuesday after the close and will be the focus of Wednesday’s session. Revenue of…
The crowd is right during the trend but wrong at both ends – Humphrey Neill, The Art of Contrary Thinking Contrarian investing is widely misunderstood. Most of the time it pays to invest with the trend and the crowd. It’s…
The market has now priced in a soft landing based on the idea that the Fed can get inflation under control without causing the economy to roll over into recession. As a result, investors have piled into QQQ and completely…