(“S&P 500 More Than 20% Above Its 200-DMA; First Time Since 5/83”, BeSpoke Investment Group, September 16)
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Fascinating piece by Jim Jubak yesterday: “Will US Repeat Mistakes of 1937?” The argument here, and I believe he’s right, is that the current economic recovery depends on all the massive government stimulus. If the government thinks the recession is…
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Here are the headline CPI numbers for the first 11 months of 2022: November 2022: 7.1% October 2022: 7.7% September 2022: 8.2% August 2022: 8.3% July 2022: 8.5% June 2022: 9.1% May 2022: 8.6% April 2022: 8.3% March 2022: 8.5%…
Disney (DIS) reported earnings after the close but the numbers were distorted by an extra week in the current quarter. Therefore, they beat on revenue and earnings but I’m not sure analysts were accounting for the extra week. Revenues and…
This week’s trading has been dominated by concerns that Fannie Mae and Freddie Mac will essentially be nationalized by the US Govt and their common stockholders wiped out. The catalyst was a story in Barron’s over the weekend “The Endgame Nears…