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Sniffing Out A Fed Pivot…. Again
Reading Time: 4 minutesStocks rallied Friday as The Fed Whisperer Nick Timiraos penned a column suggesting that the Fed may be close to pivoting to a less hawkish stance. Timiraos suggested that – while the Fed will raise another 75 points on November…
Thursday’s Big Reversal, A Preview Of Powell’s Jackson Hole Speech
Reading Time: 4 minutesAfter a furious bounce back rally the previous thirteen sessions, the market opened higher on Thursday but reversed hard to the downside creating “bearish engulfing candles” all over. This is bearish in the short term and it’s no surprise that…
Paradoxically, Big Tech Earnings Suggest Recovery
Reading Time: 3 minutesOur outstanding Q2 results exceeded our expectations and we believe they provide a clear indication that we are entering the second phase of the economic recovery. During the quarter we saw dramatic across the board acceleration and sequential improvement in…
Tuesday Morning Rundown
Reading Time: 3 minutesThere’s not a lot going on this morning but I’ll touch on a few things to keep an eye on. The most important event this week is the December CPI on Thursday morning at 8:30am EST. In this morning’s WSJ,…
The Fed Will Raise 75 Basis Points Wednesday; “Critical Junctures” Coming
Reading Time: 3 minutesThe Fed changed its mind – and told The Wall Street Journal’s Fed reporter Nick Timiraos. They were going to raise 50 basis points but after considering last Friday’s hot CPI number they’ve decided to raise 75. They told Timiraos…
FDX & KMX Are Canaries In The Coal Mine
Reading Time: 7 minutesThere are a number of companies on a different fiscal year whose quarter ended at the end of August rather than September and therefore give us a preview of what to expect when 3Q earnings season swings into full gear…
