No Volume Since March

The June CPI came in soft Thursday morning raising expectations of a Fed rate cut in September to about 85%. In an interesting reaction to the report, investors are selling the leading stocks in the Nasdaq-100 (QQQ) and rotating into…
The market had a marginal bounce Thursday after two days of selling with the NASDAQ +0.52%, S&P +0.06% and Russell +0.82%. I wouldn’t get too excited if I was a bull because in addition to the gains being limited, volume…
BeSpoke Investment Group put up an interesting post, with fabulous charts as usual, this morning on sector relative performance over the last year. They also included red dots to indicate the four rate cuts (Aug 17, Sept 18, Oct 31,…
Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria – John Templeton The election of Donald Trump last November was at first met with euphoria by investors. Tax cuts, streamlined regulation, improved government…
Facebook (META) just reported an excellent 1Q24 – but the stock is off 12% in the after hours. Revenue was +27% and EPS +114% to $4.71 compared to the year ago quarter. Operating margin of 37.9% compares to 25.2% a…
Technician Michael Kahn has a piece up on Barron’s Online today on the Golden Cross (“Will Stocks Turn To Gold?” (subscription online), Michael Kahn, Barron’s Online, July 1). The Golden Cross is when the 50-day moving average moves above the…