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The Market Is About To Break – Part II
Fed Chair Powell sent interest rates soaring and tanked the stock market Thursday when he continued to press his “higher for longer” narrative at the Economic Club of New York. He doesn’t seem to understand that it’s time to change…
HD Reports Weakening Sales But The Market Focuses On A September Rate Cut
A lower than expected PPI reading Tuesday morning slightly increased the probability of a 50 point rate cut by the Fed on September 18 resulting a big stock market rally (S&P +1.68%, NASDAQ +2.43%). On the other hand, Home Depot…
CRM: Good Enough
When a quality stock is down 50% in six months, it doesn’t need to report a great quarter for the stock to bounce and that’s exactly what we’re seeing this afternoon with Salesforce (CRM). The quarter has some nuance to…
The Banks Tank, Presidential Debate, August CPI And The Fed
Market Commentary: JP Morgan (JPM) is down 7% today after President and COO Daniel Pinto said “Net interest income (NII) expectations are a bit too high. Next year is going to a bit more challenging” at an industry conference. Ally…
