What to Make of Nvidia’s Earnings
Stocks got a little shot in the arm in the last hour of trading on the expectation that Jensen Huang and the Nvidia board would have good news for them. And that’s what they got - big beats, particularly in the revenue column, which saw a 265% year-on-year increase. It’s tough to exaggerate how important…
Get Ready for a Potentially Volatile Week
I hope you didn’t get your fill of competition this weekend, because we’re about to be treated to a matchup that I think will give Super Bowl LVIII a run for the money… It’s all about the bulls vs. the bears. Here’s what I mean… The S&P 500 started off the day pretty strong but…
Strong Tech Runs Headlong Into Weakening Bonds
The Magnificent Seven propelled the markets virtually the whole of last week, despite weakness creeping in around the edges. At the same time, we saw monster volumes in the bond market as the smart money nervously eyed the exits. Stocks have drifted slightly lower at the beginning of the week, though tech and healthcare are…
All Quiet Ahead of Big Data Week
The S&P was unrelenting as it closed near the high of the day. While today was quietly rising, the coming days may prove to be perilous. With mega cap earnings reports from $MSFT, $AAPL, $AMZN, $GOOG, $META and others, the FOMC policy statement and jobs appear to be small potatoes. This will be a pivotal…
Unstoppable Bull or Hibernating Bear?
Is this the resurgence of a bull market or are investors walking into the bear trap? Let's look at how to identify a bull or bear market. ($PYPL, $SMCI, $KWEB, $KEY, $GEO, $PPC, $MU, $WDC).
Late Rally Reveals Key Level to Watch for the S&P 500
All S&P 500 sectors finished in the red as interest rate expectations begin to shift into the March FOMC policy announcement. This caused selling in more interest rate sensitive parts of the market and a shift toward consumer staples. However, a large SPY print of 1.65M shares revealed a key level to watch for the…
Beginning of a New Bull or Just Relief Rally?
The S&P 500 posted a nice one-day rally on Monday as we await key inflation data and bank earnings by the end of the week. Is this the beginning of the next leg of the late 2024 rally or is this just the relief rally that will soon end. Let's see what the volatility markets…
3 Impact Trades to Kick off 2023
With the market falling from highs, how are stock prices shaping up to begin 2024? Let's look at three plays that should benefit by the market outlook in the coming months. (FXI, JETS, GLD, IYR, XLE, XOM)
What's Next? The Aftermath of the Fed Pivot
The Federal Reserve officially pivoted last week from tighter monetary policy to a more accommodative outlook. Now we've had a few days to see the response, what's next for the market? (KHC, NVDA, IWM, WMT, GOOGL, SYF, KEY, AMZN, XLE).
Is the Next 'Pain Trade' Domino About to Fall?
As the S&P 500 pushes to another new 52-week high, is the FOMC announcement setting up for the next pain trade. The "pain trade" when a widely-followed strategy or industry makes a sudden turn against expectations. An example, was the short U.S. Treasury rally. It was a "pain trade" for bond bears. If you think…