Probably the most important development in financial markets over the last few months is the steep rise in interest rates. Since the Fed started cutting rates with a 50 basis point cut on September 18, the 10 year yield has…
The Fed is going to cut rates a quarter point on Wednesday – but it shouldn’t and it doesn’t seem like it wants to. The stock market is at all time highs, Bitcoin is over $100,000 and inflation remains stubbornly…
It’s been a great time in the market with the S&P +31.46% over the last year. But – for a number of reasons – I suspect 2025 will surprise many in being a bad year with the S&P dropping 25%….
When I used to play poker at Casino M8TRIX in San Jose before I moved to Davis, there was a dealer named Errol who liked to trade stocks using technical analysis. One of the stocks that he was bullish on…
Two well known national chain retailers – Best Buy (BBY) and Dick’s Sporting Goods (DKS) – both reported earnings Tuesday morning. BBY shares are off 7% in reaction to their report while DKS is up 8% in reaction to its…
Mega caps – especially the Mag 7 – have driven the market indexes of late but it’s hard to justify further price increases because the stocks are more than fully valued at this stage. That’s not to say the market…
Walmart (WMT) is on a tear heading into its 3QFY25 earnings report next Tuesday morning with shares up 60% YTD. Unfortunately, a consequence of that price appreciation is that the stock has become overvalued and overextended. WMT now trades for…
I first wrote about up and coming Mediterranean fast-casual chain CAVA six months ago in “Legendary Days: Adventures In San Diego” (May 16, 2024). I had read about it a Barron’s article about the “next Chipotle”. But since there weren’t…
I’m not much of a car guy but the one car I’ve always wanted is a red Ferrari. Besides for that, I’m happy if my car gets me from A to B without incident. A new Ferrari will set you…
Jinjoo Lee had a fascinating and important column in Friday’s WSJ about how Big Tech – thirsty for energy to fuel its data centers for AI – is driving a nuclear renaissance (“Big Tech Is Paving The Way For A…