Wednesday night I suggested that 5,650 might be the limit for the S&P if the recent bounce is in fact a bear market rally. And that’s exactly how things played out in Thursday’s session with the S&P reaching a high…
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…
Google (GOOG/GOOGL) reported 1Q25 earnings after the close Thursday. I think Gene Munster is right in characterizing the quarter as “good but not great” as Search Revenue growth continues to decelerate. Nevertheless, with the stock beat down over the last…
Obviously uncertainty is extremely high at the moment and so is the question of whether the market has bottomed or the powerful rally the last two days represents a bear market rally. From the standpoint of technical analysis, it is…
Staples exhibit sustained leadership in bear markets, not bulls – Steve Strazza, “A Bear Market Base”, The Strazza Letter, April 16, 2025 It’s hard to gain perspective on the market given the daily swings we’re experiencing. In order to do…
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%…