Bob Byrne

Earnings Update: The End of The Line for This Market Leader?

Tis the season! I’m referring, of course, to the season when investors sit on the edge of their seats and await with bated breath the earnings reports of their favorite companies. Given that little has changed on the inflation–Fed–green energy fronts, I thought we could take a look at a couple big names’ earnings reports …

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You Can’t Fix Stupid

Take a look at this chart… I’ve shown it to you a number of times in the past. It’s a dataset from the Federal Reserve Bank of St. Louis called “Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks.” It’s largely credit card debt.  And as you can see, it’s soaring to new …

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Pardoning an Industry

Something happened last week that sparked an explosion under a group of stocks in a widely beat down sector of the market. Single day rallies of 43%, 48%, and even 51%… Those kinds of moves would be noteworthy in any market environment — but given today’s big bad bear market they were, although largely unnoticed, huge. …

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