AI Frenzy Steals the Spotlight From Debt Ceiling Debate
May 26th 2023 AI Frenzy Steals the Spotlight From Debt Ceiling Debate It wasn’t that long ago that I said to forget about the debt ceiling debate because the Nasdaq is the true star in the room. That was on display yesterday as the Artificial Intelligence frenzy pushed the market higher. Ever since ChatGPT was […]
Uncertainty Surrounds the Fed’s Next Move
May 25th 2023 Uncertainty Surrounds the Fed’s Next Move The recent release of the Federal Reserve’s meeting minutes has left many questioning what lies ahead. With persistent high inflation and a string of ten consecutive rate hikes, reaching a 16-year high at around 5.1%, the central question remains: how much higher is the Fed willing […]
Forget Debt Ceiling Drama – The Nasdaq Is The Star Of The Show
May 24th 2023 Forget Debt Ceiling Drama – The Nasdaq Is The Star Of The Show While the market’s new obsession is the debt ceiling, the reality is that it’s the opening act for what’s really happening in the market. However, even opening acts can stunt the otherwise amazing performance of the main attraction. We’re […]
Debt Ceiling Limbo: Market Stuck in Choppy Pattern as Traders Remain Complacent
May 23rd 2023 Debt Ceiling Limbo: Market Stuck in Choppy Pattern as Traders Remain Complacent With no new information coming about the debt ceiling, the market has been stuck in a slow, choppy pattern, with a bias to the upside. Following two days of anticipation and certainty that the debt ceiling and budget had been […]
Market Crossroads: Bulls and Bears Clash Amid Overbought Conditions and Uncertain Future Catalysts
May 22nd 2023 Market Crossroads: Bulls and Bears Clash Amid Overbought Conditions and Uncertain Future Catalysts The bulls and bears have been battling it out for months. Fundamentally, the market is overbought with weakening future earnings estimates combined with high stock prices. Manufacturing is weak, retail sales are weakening, and the nation has back-to-back quarters […]
Market’s Fickle Focus: From Global Concerns to 9-Month Highs, Is the Rally Sustainable?
May 19th 2023 Market’s Fickle Focus: From Global Concerns to 9-Month Highs, Is the Rally Sustainable? Has everyone lost their mind? I thought we were supposed to be worried about China invading Taiwan or Russia’s war with Ukraine, the US debt ceiling or a global recession or … or … or … Or nothing. Earlier […]
Market Swings on Fragile Promises: Hope Alone Won’t Save the Day
May 18th 2023 Market Swings on Fragile Promises: Hope Alone Won’t Save the Day The market is once again playing a dangerous game of reacting based on hope and words made in speeches. But as a mentor of mine once told me, “Hope is not a plan.” Wall Street is rallying on the President saying […]
Artificial Intelligence Enters The Food Wars
May 17th 2023 Artificial Intelligence Enters The Food Wars For those of us reading about looming recessions, the banking crisis, and now the debt ceiling deadline, it might be difficult to believe that we have an entire sector of that market that just made a new 9-month high! Communication Services and Technology have been out-performing […]
I’ve Found The Next Master Trader
May 16th 2023 I’ve Found The Next Master Trader RobinHood (HOOD) is a low-cost broker that took off in popularity during the pandemic for offering free commissions and a simple user interface. Those who received covid payouts loaded up their Robinhood accounts and watched videos on YouTube and TikTok and started their trading journey. The […]
Hedge Funds Bet Against Rate Cuts Happening This Year
May 15th 2023 Hedge Funds Bet Against Rate Cuts Happening This Year Last week I wrote that the regional banks were to blame for the lack of a rally after various reports showed that the economic data is heading in the right direction. Of course, there’s always more to the story. Bloomberg reported that macro […]