The Market Is Cracking
The S&P 500 closed just 9 points above its 200 DMA on Wednesday – a level it hasn’t traded below since mid-May 2025. The Magnificent 7 that have led this bull market since October 2022 are -8.73% YTD. The Equal…
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The Permabulls and Iran
On Monday, the market proved Michael Burry’s claim that this is the greatest buy the dip generation in history. Unconcerned with all the unknowns about how the situation in Iran will play out, the permabulls bought the opening dip and…
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Beneath The Surface The Market Is Showing Signs Of A Top
While the S&P is only about 2% off its all time highs, beneath the surface the market is showing signs of a top. Warren Pies tweeted today that there have only been two other times when Consumer Staples and Energy…
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FRPT: Thinking Long Term To Beat Wall Street
Freshpet (FRPT), a $4 billion dollar dog food maker, just reported 4Q25 earnings and the stock is down almost 4% in reaction. But I liked the report and the reaction doesn’t bother me at all. That’s because while Wall Street…
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The Precious Metals Bull Market Is Just Getting Started
The recent nasty selloff in silver caused many to conclude that the bull market in precious metals has topped out. An analysis of the fundamentals shows that this couldn’t be further from the truth. In reality, the precious metals bull…
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Mr. Market Is Having A Moment: Some Stocks Are Absurdly Expensive While Others Are Absurdly Cheap
Mr. Market is having a moment. He is in love with certain stocks and has bid them up to absurd valuations. On the other hand, he has come to the conclusion that software stocks are doomed by AI and thrown…
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Rotation Will Shortly Turn Into Distribution As A New Bear Market Begins
The market got the benign January CPI Report this morning at 5:30am EST that it needed with Core CPI increasing 0.295% compared to the previous month according to Nick Timiraos – below the median forecast of 0.34%. But while the…
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Data Center REITs Are A Conservative Way To Play AI
The WSJ’s Dan Gallagher wrote an excellent overview of the recent tech stock market on Tuesday (“Picks and Shovels Still Rule The AI Tech Trade” [SUBSCRIPTION REQUIRED]): Investors are choosing the companies on the receiving end of big tech’s spending…
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WELL: What To Do When Your Stock Gets Overvalued
For the most part I am an advocate of “Buy right and sit tight”. That is: Buy great companies and hold on for the ride as the real money is made in the long swing as great companies compound earnings…
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PYPL Is Too Cheap And Will Reward Patient Shareholders
We live in an era of momentum investing. Value investing – especially deep value investing – is out of fashion. As a result, nobody is interested in PayPal (PYPL). But after Tuesday’s washout, the stock has simply gotten too cheap…
