The Return Of J-Pow
Up until Thursday it was looking like the Fed would play it conservatively and cut rates by 25 basis points on Wednesday. But then Nick Timiraos – known as The Fed Whisperer – published an article on WSJ.com that appeared…
The Aspirational Stock Market
One of the more amusing things I’ve seen in recent years – and there have been many – was Oracle’s (ORCL) forecast for $104 billion in revenue in FY29 at a meeting for financial analysts on Thursday. Let me put…
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…
Why Kamala Harris’s Plan To Tax Unrealized Capital Gains Would Crash The Stock Market
Kamala Harris’s plan to tax unrealized capital gains for individuals worth more than $100 million is supposed to be a tax on the ultra-rich but in fact it would crash the entire stock market, hurting everybody who owns stocks. Why?…
The Fed’s Tough Decision, ORCL & KR Earnings Preview, The Antitrust Case On The KR-ACI Merger
Technicals: The S&P closed last week at 5,408 – just above 5,400 which is an important level because the S&P has spent so little time below it in the last three months. In other words, below that level almost everyone…
Jobs Report Could Clarify Investors Love-Hate Relationship With Stocks
Investors are struggling to reconcile a market in which everything has performed great, yet nothing seems worth buying – Jon Sindreu, “Love-Hate Connection To Stocks Intensifies” [SUBSCRIPTION REQUIRED], WSJ B1, Thursday 9/5 The market has been on a roller coaster…
Big Down Day Kicks Off September, ZS Earnings, Jobs Report Friday, Europeanization Of America
The stock market got smashed to open September after the long Labor Day weekend. The S&P was -2.12% and the NASDAQ -3.26%. Nvidia (NVDA) led the way, dropping almost 10% as news that the DOJ is investigating it for antitrust…
ULTA: Buffett And The Missing Link In Value Investing
Earlier this month news broke that Berkshire Hathaway had acquired a position in beaten down retailer Ulta Beauty (ULTA). The stock soared the next day in reaction but it’s coming back to earth this morning after a weak earnings report…
The Implications Of The Reaction To NVDA Earnings
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…
The Best Poker Player I’ve Ever Played With
I thought I’d seen it all and played with the best: Darren Elias, Bin Weng, Chino Rheem, Loni Harwood, James Carroll, Shannon Shorr, Andrew Moreno, etc…. Until Friday….. Everything was going smoothly. I’d satellited into Flight 1A of the $1700…