The S&P reclaimed its 200 DMA on Monday after comments from the Trump Administration over the weekend about reducing the scope of tariffs. However, yesterday it failed to hold it, closing 44 points below it. The 200 DMA is the…
First a caveat. While formerly a permabear, I have seen the light and become a Warren Buffett-style long term investor (see “The Enduring Investment Principles of Warren Buffett”, January 14, 2025). After a long period of being bearish and wrong…
I just got off the phone with Warren Buffett during which I picked his brain about the current correction. There’s a lot of noise out there right now so I wanted to hear it straight from the GOAT. Here’s what…
Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria – John Templeton The election of Donald Trump last November was at first met with euphoria by investors. Tax cuts, streamlined regulation, improved government…
Nvidia (NVDA) reported its much anticipated 4Q earnings after the close. It was a mixed bag. On the one hand, revenue growth continues to astound. 4Q revenue of $39.3 billion was up 78% compared to a year ago and 12%…
Mega caps – especially the Mag 7 – have driven the market indexes of late but it’s hard to justify further price increases because the stocks are more than fully valued at this stage. That’s not to say the market…
I first wrote about up and coming Mediterranean fast-casual chain CAVA six months ago in “Legendary Days: Adventures In San Diego” (May 16, 2024). I had read about it a Barron’s article about the “next Chipotle”. But since there weren’t…
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….
Technicals: The S&P closed last week at 5,408 – just above 5,400 which is an important level because the S&P has spent so little time below it in the last three months. In other words, below that level almost everyone…
The stock market got smashed to open September after the long Labor Day weekend. The S&P was -2.12% and the NASDAQ -3.26%. Nvidia (NVDA) led the way, dropping almost 10% as news that the DOJ is investigating it for antitrust…