Harrison: It’s A Cyclical Bull Within A Secular Bear
It’s important to understand that this cyclical bull is part of a prolonged and painful secular bear stretch.
– Todd Harrison, “Ten Reasons Why This Is Not A Bull Market”, Minyanville, March 24
It’s important to understand that this cyclical bull is part of a prolonged and painful secular bear stretch.
– Todd Harrison, “Ten Reasons Why This Is Not A Bull Market”, Minyanville, March 24
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…
Except in rare cases, I can’t see owning one of these. But as the Nasdaq creeps up, I decided to see if now is one of those times. I bought a modest position in the UltraShort S&P 500 ETF as…
Before the open this morning, Morgan Stanley (MS) announced fiscal year 4th quarter earnings, which included a $9.4 billion writedown related to mortgage backed securities. This resulted in a loss of $3.6 billion in the quarter or $3.61 a share! …
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
Thursday the Fed raised the Fed Funds Rate 75 basis points to 3.0-3.25% as expected. What surprised me – and the market – was the continued hawkishness implied by the “dot plot” – the Fed’s expectation of where interest rates…
Growth stock investing is not my forte. I’m a macro guy first and a value guy second. But Uber (UBER) is a growth stock that is just too good to pass up. UBER is divided into two segments: Mobility and…