Is GDP Driven by GPT?
In today's video we break down Advance GDP and and what is driving growth. We compare the speculative growth in AI and NVDA versus Durable Goods and Durable Goods stocks.
In today's video we break down Advance GDP and and what is driving growth. We compare the speculative growth in AI and NVDA versus Durable Goods and Durable Goods stocks.
The Fed raises 25bp as expected and Jerome Powell says absolutely nothing at the press conference. In fact one of the reporters illustrated how strong the economy is by the Barbie movie sales and Taylor Swift concerts. You can't make this stuff up. As for trading the rest of the week recognize we ha
We're not even halfway through one of the most active earnings and economic news weeks in 2023. Today's session saw more upward drift in equities especially key tech names as we have Microsoft (MSFT), Google (GOOGL) and others reporting today, Meta (META) and others Wednesday, and Amazon (AMZN) with
Technology has been tailing the past few weeks as its performance has found itself near the bottom of the list of 11 sectors. After such an explosive start to the year, it's getting quiet and unexpected sectors like Financials and Energy are taking off ahead of a data-heavy week. Is this the beginni
--volatility suppression on a down day --a wild A/D line illuminates serious risks --bail before big earnings ? --FED 25bps, Powell quiet, yield inverted most since 81 --eventually we fade the AI/GPT trade SPX Expected Move-- --last week-- 56.05 (expected move 5 day week) --next week-- 61.36 (expect
In today's video we look at the recent housing reports. We discuss the slowdown in building permits, new housing starts and existing home sales. Additionally, we look at the S P Case Shiller Home Price Index as a signal of consumer wealth and spending habits. We compare the negative moves in home pr
The bulls hit the bid and send markets over the edge of the weekly expected move. The risk is clearly to the upside as over the next 2 days market can explode higher. So far earnings season has been lackluster. Tesla stock is flat and Netflix is down slightly. Basically unchanged. Here's what you ne
AI stocks continue lighting up the market with surprise news from Microsoft (MSFT) almost single-handedly saving the tech sector (XLK) and the NASDAQ. Otherwise, it may not be as bullish in other areas of the market beyond the key tech stocks that drive the tech sector higher. In tonight's video, we
Last Friday kicked off earnings season as JP Morgan Chase Co (NYSE: JPM) and other money center banks received mixed results. With Bank of America Corp (NYSE: BAC), US Bancorp (NYSE: USB) and others on tap this week, we get a full complement to digest. Today, it was financials and tech leading as th