Now comes the good part… Since the crypto scam exchange known as FTX has officially taken its place in the record books beside the likes of Bernie Madoff and MF Global, the rest of the juicy details can start coming out. Now, in the aftermath, we’ll start hearing all the really “surprising” stuff. For instance… …
Headlines out of the Fed lately have been suggesting that a slow down in the pace of rate increases is imminent. Or not… On November 13 the WSJ trumpeted… And then on November 14… And then on November 17… Waller warned: …the Fed will want to see more evidence of that (declining inflation) happening before …
7.7% That was the headline CPI print this week that sent the Nasdaq soaring over 7% in a single day! Granted, there were still some big numbers in the BLS’ report: Groceries were up 12.4%, energy commodities rose 19.3% while energy services popped 15.6%. Transportation services likewise were up 15.2% (almost certainly as a result …
Earnings Update: Three Reasons This Miner is About to Shine Read More »
A lot of eyes have been on Elon Musk’s purchase of Twitter this week. He can be quite the showman. On Thursday he showed up at Twitter HQ with a large piece of bathroom plumbing… But while speculation on this goes on, another of his battered companies was reporting their earnings last week. Let’s take …
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 …
Earnings Update: The End of The Line for This Market Leader? Read More »
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. …
It’s crunch time football fans! We’re headed into the final quarter of 2022. Looking back, it’s been a bad 12 months for TBTF (too big to fail) Tech companies across the board. Microsoft is down nearly 15% from a year ago. Amazon and Alphabet (Google) are both down around 25%. Nvidia is off over 36%. …
This may sound crazy, but hear me out… It could be time to start looking into gas and oil stocks. I know, I know. I’ve been writing about how the Biden administration has put us on a burn the ships path to green energy while putting the fossil fuel industry out of business. And that …
The Unavoidable Fossil Fuel Boom (Yes… It’s Coming) Read More »
It was a really awkward political display. On Tuesday this week, the Biden administration threw what they called an “Inflation Reduction Party” to celebrate the passage of their most recent spending bill legislative victory — the Inflation Reduction Act. I ran through the bill briefly here. Everyone was there. James Taylor even kicked the event …
California is nuts… On Aug. 25, the California Air Resources Board voted to ban the sale of gas-powered cars entirely by 2035… And it appears to be contagious… New York, Massachusetts, Vermont, Maine, Pennsylvania, Connecticut, Rhode Island, Washington, Oregon, New Jersey, Maryland, Delaware, Colorado, Minnesota, Nevada, Virginia, and New Mexico have all chosen to opt …
