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
The combination of record high fuel prices and continuing difficulties in the housing sector has further accelerated the shift away from large pickups and SUVs to small and medium-sized cars and crossovers. We saw a real change in the industry…
I probably sound like a broken record but it’s a tale of two markets: Big Tech and all the rest. Nvidia (NVDA) reported a monster quarter Tuesday after the close and will be the focus of Wednesday’s session. Revenue of…
A secular bear market is a long period in which stocks and the economy overall make little progress. There can be small bull runs within secular bear markets which are called cyclical bull markets. But they don’t run for great…
The stock market had a big day Monday recouping most of its losses from Friday. The S&P was +1.32% and the NASDAQ +1.88%. However, a look beneath the hood shows the same problem I’ve been harping on for at least…
Nvidia (NVDA) reported a terrific quarter after the close Wednesday – but its stock is currently -7% in the after hours. What does it mean? Let’s start with the numbers. Revenue of $30 billion beat guidance and estimates as did…
Everyone can see and feel that this is different and can sense the bizarre nature of the market response: we are in the top 10% of historical price earnings ratios for the S&P on prior earnings and simultaneously are …