No Fear In The Bond Market

The importance of Apple to the foundation of the everything bubble cannot be overstated – Kevin Duffy, Co-Founder, Bearing Asset Management The last few months have witnessed the return of volatility. The S&P is down 14% from its all time…
I want to write about market structure this morning because there are a lot of crosscurrents that are useful to understand. The first point I want to make is that the primary trend is still down. Due to inflation that…
When I go out I like a burger with fries or a margarita with salt. But that’s not what the market is serving. We’ve got a Fed pivot with weak earnings. What should we do? Obviously a Fed pivot –…
“Apple, Google, Amazon have all had big moves. But if Apple misses tonight, the party’s over.” – Peter Boockvar (subscription required), Miller Tabak It looks like a pretty slow day. While fires rage in Southern California and Turkey announcing that it…
Leading cruise operating Carnival Cruise Lines (CCL) reported solid fiscal year 3rd quarter earnings this morning. EPS of $1.33 a share beat their previous guidance of $1.15-$1.19 and they raised their full year forecast from $2.00-$2.10 to $2.16-$2.20. On a constant…
Another bottom caller: Bob Doll, Chief Investment Officer at Blackrock, called a bottom this morning on CNBC’s Squawk Box (9 minute video clip).