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…
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…