Financials Drove The Market In August

(Via BeSpoke Investment Group)
It’s been all about the financials – and they are leading on the downside today as well.

(Via BeSpoke Investment Group)
It’s been all about the financials – and they are leading on the downside today as well.
This is the second day in the last week where horrible news might have led you to expect a big selloff that hasn’t materialized. Last Friday, a -63,000 jobs number really didn’t lead to too big of a selloff. And…
The big news this morning is an announcemement by UBS that they will take a $10 billion writedown on their US subprime exposure and also that the Singapore Investment Authority ($9.75 bil) and an unnamed Middle East investor ($1.75 bil) have made investments…
Is the rally over, killed by higher rates? Not clear, but stocks are signaling that higher rates are going to be a major headwind. – “Stocks Signal Worries Over Higher Interest Rates”, Bob Pisani, Trader Talk, June 10 Note that…
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…
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…
In the wake of the Fed’s “hawkish pause” Wednesday, in which they paused their interest rate hiking campaign but said they may still hike one more time this year and increased their forecast for the Fed Funds rate at the…