Use The Bounce To Clean Up Your Portfolio
Stock markets have experienced a nice bounce so far this week but it’s just a relief rally. Nothing has changed; the bear market is by no means over. So what you want to do IMO is use the higher prices…
BMBL Provides More Evidence For My Bifurcated Market Thesis
The market is bifurcated into the mega cap tech stocks that have held up well so far – and thus propped up the indexes – and the smaller but still important stocks that have already suffered brutal bear markets. My…
KR Breaks Out To ATHs – And It’s Going Higher
The nation’s leading grocer, Kroger (KR), reported excellent 4Q21 earnings Thursday morning. Comps excluding fuel were +4% and gross margin was solid at 22.2% resulting in a 12% increase in EPS to 91 cents. KR expects the strength to continue…
The New Age Metaphysics Of Contemporary Investing
2021 was a year that will be long-remembered for retail investors’ flash-mobbing of “meme stocks” thanks to social media sites like Reddit and online trading platforms like Robinhood. The rocket ship emojis and popular trends that included trading in non-fungible…
Extreme Bullish Sentiment For A Year End Rally Ahead Of Fed Decision/Taper, The Economy Is Hot: SPG LYFT MTCH Earnings, Bought Some MOS
The bullish sentiment for a year end rally is palpable. The Russell 2000 Small Caps ETF (IWM) closed up 49 cents (0.21%) on average volume Tuesday – hardly a convincing move – and yet the Twitter technicians were jumping over…
Impressive Breadth, Seasonality, TSLA, Monetary + Fiscal Policy = Supply Bottlenecks & Massive Inflation, CLF & MOS Earnings
Monday’s trading session was bullish and the trend remains up regardless of the fundamentals. The most positive development was the broadening out of market strength. Last week was all about mega cap tech pulling up a thin market. Today the…
Bulls Win Again As Big Tech Shows Resilience, Bear Market Likely Deferred Until 2022, FOMO Plays For A Year End Rally
I got it wrong. Early Friday morning I asked “Is the bull market over?” and answered that – while no certainty was possible on such a question – I believed that in the wake of the negative reception to Apple…
Interest Rates, Indecision, Complacency and A Big Week Ahead
The great hedge fund manager David Tepper of Appaloosa Management gave an extended interview [CNBC Pro Subscription Required] to Scott Wapner on Friday’s Fast Money Halftime Report on CNBC. The key takeaway in my opinion is that interest rates will…
Market Themes/Trends Since The March 2020 COVID Lows: Tech, Reopen Value, Inflation
The stock market has been very thematic since the March 2020 COVID lows as investors try to invest in an environment of extreme uncertainty.
PANW, DE & AZO Earnings
As a generalist macro investor I focus on mega caps or stocks in the S&P 100. I look for high quality, reasonably valued stocks that express my macro views. This morning I feel like digging into a few stocks that recently reported earnings to see if any might be prospects for my portfolio as well as for the light they might shed on the market as a whole.