Barron’s ran an important article this weekend titled “There is no Magnficent 7. There’s Simply The Magnificent One” [SUBSCRIPTION REQUIRED]. That Magnicent One – obviously – is Nvidia (NVDA) which is responsible for 1/3 of the S&P’s YTD gain through…
As I suggested on Tuesday, the stock market is thinning out dramatically. While the major indexes continue to go up on a daily basis because of mega caps like Nvidia (NVDA) and Apple (AAPL), beneath the surface more and more…
Tuesday was another typical day: QQQ: +0.69% S&P: +0.27% S&P Equal Weight (RSP): -0.41% Small Caps (IWM): -0.34% While the bulls won the day at the index level, beneath the surface most stocks are going down. On the NYSE and…
Gamestop (GME) is taking advantage of the surge in its share price caused by the return of The Roaring Kitty to sell up to an additional 75 million shares. To put that in context, GME currently has about 306 million…
Nvidia (NVDA) became the third US company in history to exceed $3 trillion on Wednesday – after Apple and Microsoft. It is now the second most valuable company in the US market, surpassing Apple and trailing only Microsoft. NVDA has…
There is a stock called Nvidia (NVDA). You might have heard of it. It makes the chips that Artificial Intellligence (AI) runs on. It is up nearly 200% over the last year and is close to becoming the world’s most…
On Thursday, the S&P closed below 5,250 – the breakout level from March 28. This is what is called a “failed breakout” in classical technical anaylsis. “From failed moves come fast moves”. In other words, we are looking at a…
In “Legendary Days: Adventures in San Diego” (May 16), I talked about reading about CAVA (CAVA), an up and coming fast casual, Mediteranean style cuisine restaurant, which Barron’s listed as one of three possible “The Next Chipotles”. I was impressed…
While the S&P is near all time highs it might surprise you to know that the bearish case has rarely been stronger during my almost 20-year career in the business. In this blog I’m going to lay out a bunch…
In the Fall of 2003 – after two years at an economics consulting firm in West Los Angeles called Economic Analysis LLC – I started the Philosophy Phd Program at UC – Davis. While I learned some useful things at…