Now, there’s no doubt artificial intelligence (AI) will eventually change the world. That’s already starting, but the full impact is probably a ways down the road. Right now, investors’ perception and imagination of AI is what’s really driving the bus. Hopes and fears are what we have to contend wit
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 impo
If you’ve been able to make my daily trading room sessions, the selling of the past few days hasn’t been a surprise at all. The warning signs have been building and we’ve caught every single one. In fact, I’ve been doing everything short of pounding the table that we should expect downward pressure
Google, Amazon, Apple, and Microsoft - together they’re worth more than $10 trillion-with-a-”T.” They account for a bit less than a quarter of the S P 500 by weight. Incidentally, it’s been more than 50 years since the S P 500’s top stocks were this concentrated. Well, they’re in real trouble now. A
The almighty American consumer is… spread a little thin right now. A little worse for the wear. That’s not just a hunch. Today’s retail sales numbers were negative - very negative. But to understand what’s really happening we have to get in and look behind that headline 0.8% drop. A lot of that decl
The mainstream narrative today was, “Oh, look - a bounceback rally after a big down day.” But look just a little deeper, pull on the threads, and you find the situation is a lot more alarming than I think a lot of people realize right now. Apple, for one, did not advance today. Not only
Over the past few weeks, we’ve talked about some of the various unsettling intermarket signals, like the strengthening dollar, that have come across the screens. Today, in the wake of a higher-than-expected inflation reading, the danger that had been lurking “out there” is now in our laps. The green
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
You know it as “Nvidia, the Wall Street darling that for some reason is worth $1.7 trillion.” I know it as “Nvidia: The most dangerous stock in the S P 500 right now.” NVDA’s valuation is so far out of whack, so divorced from reality that it has become a threat and a symbol of what’s
