Sometimes The Data Lies
As I sit here and look at an inverted yield curve, look at P/E ratios through the roof, and growth projections that can’t support current market prices, I look over at the trade screen and I continue to see day after day, the Russell 2000 ripping higher by 1% and the Dow 30 soaring another 1% in a day.
Telecom Giants Plunge Amidst Controversy
July 18th, 2023 Telecom Giants Plunge Amidst Controversy Stay away from telecom for the near future. As option credit sellers, the likes of AT&T (T) and Verizon (VZ) don’t normally come across our scans anyway, but they are in a mess right now with no clear ending. Maybe that’s why AT&T tanked over 10% in […]
Telecom Giants Plunge Amidst Controversy
Stay away from telecom for the near future. As option credit sellers, the likes of AT&T (T) and Verizon (VZ) don’t normally come across our scans anyway, but they are in a mess right now with no clear ending. Maybe that’s why AT&T tanked over 10% in three days and is near a 30-year low.
Must-Know Reports Coming Up This Week
July 17th, 2023 Must-Know Reports Coming Up This Week Here are the various reports that you need to know for the week ahead. Monday / Tuesday – G20 Meetings – Finance Ministers and Central Bankers from 20 industrialized countries meet and discuss global finance policies. Tuesday – Retail Sales – 8:30 am EST – The […]
The Magnificent Seven Threatens To Drag Down Market
July 17th, 2023 The Magnificent Seven Threatens To Drag Down Market The race to 4500 came and went for the S&P 500. Believe it or not, we’re only a stone’s throw from all-time highs at 4818.62. The start of earnings season is showing that it could be the catalyst to get us there. A whole […]
Must-Know Reports Coming Up This Week
Here are the various reports that you need to know for the week ahead.
The Magnificent Seven Threatens To Drag Down Market
The race to 4500 came and went for the S&P 500. Believe it or not, we’re only a stone’s throw from all-time highs at 4818.62. The start of earnings season is showing that it could be the catalyst to get us there. A whole host of economic data helped push the market higher last week with most sectors in the green, but a slowdown is coming, and here is why it could happen before the end of July.
Market Hits Key Area Not Seen In 15 Months
July 13th, 2023 Another “Sucker’s” Rally? The Consumer Price Index came in at 3 year-over-year, which was less than expected. Core inflation also came in under the forecast. Interest rates dropped sharply and stocks rallied at the idea that the Fed will once again talk about cooling rate hikes. The S&P 500 is hitting fresh […]
Market Hits Key Area Not Seen In 15 Months
The Producer Price Index (PPI) confirms the disinflation story that the Consumer Price Index (CPI) showed yesterday. Unemployment claims came in less than expected, showing the Fed can continue its monetary tightening policy without wreaking havoc on the labor market. Earnings season started with mixed reviews with airlines showing strength but consumer goods showing weakness.
Another “Sucker’s” Rally?
July 13th, 2023 Another “Sucker’s” Rally? The Consumer Price Index came in at 3 year-over-year, which was less than expected. Core inflation also came in under the forecast. Interest rates dropped sharply and stocks rallied at the idea that the Fed will once again talk about cooling rate hikes. The S&P 500 is hitting fresh […]
