The Broken Fed

We talked on Friday that it was time to take a little off the table. After all, the S&P had shot 3.6% higher since a new bull market was confirmed on June 8. And right on cue, the selling started. The S&P 500 has been down every day since Friday. Yes, the pullback we’ve seen is partly because the AI hype was off the charts. And the rush to buy stocks after the “surprise” breakout for stocks at new highs had a roll to play too…

Time to Lighten Up

So, as a kind of disclaimer, it is not my plan to talk about things I see on Twitter all the time. Because, Twitter is mostly a cesspool and very little of the content is worthy of even reading, much less repeating… BUT — some pearls do get strewn from time to time. Like this ad I saw this morning…

Ancient Branding Secret

I first recommended Chewy (NASDAQ: CHWY) back in October 2019, at $26.50 a share. My reasoning for recommending the stock was based on branding – Chewy was emerging as the go-to brand for pet owners. But the timing of that recommendation is what really stands out…

Where is the top?

I’ve been doing my fair share of griping lately. Because it drives me nuts when all the strategist-types from the big investment banks, along with the mainstream financial gurus, continue to pound away at the bear market case for stocks, despite growing evidence that there is a new bull market in the works.

Fashionably Late to the Party

It sure seems like Wall Street and the financial media don’t want you to make any money in the stock market. I don’t know how else to explain the steady drumbeat of recession predictions, AI stock bubble declarations, and interest rate/inflation hawkishness…

Fisker Short Squeeze?

One of the things that attracted me to Fisker in the first place, when I recommended the stock back in March. Fisker opted for a unique business model by outsourcing its production to a Canadian company, Magna International (NYSE: MGA).

Saudi Cuts Won't Change Oil Price

I guess we should all take a moment to express our sincere and profound gratitude to Saudi Arabia for finally bringing some “stability” to the global oil market. Because I really don’t know how we could have survived any more of those wild price swings between $70 and $80 a barrel – my head’s spinning just thinking about it…

Next Big Thing

Don’t be surprised if there’s not a lot of upside for stocks between now and the next Fed meeting on June 14. The S&P 500 has come a long way to challenge its 52-week highs, a little breather makes sense. And if the market decides to pull back, it doesn’t mean that this rally was all BS hype. Use weakness to add quality stocks.

Bring on the Bull!

Consumer sentiment is terrible, one article said. Market breadth is much too narrow, another article said. Inflation is too stubborn and rates are headed higher, bond yields are precarious, banks are still in danger of failing, earnings aren’t rebounding, manufacturing surveys are weak, consumer credit is too high and delinquencies are spiking – they droned on and on with “proof” that there’s just no way there could actually be a new bull market in the works…

An AI Bubble?

You get a 25% one day post-earnings ramp job that adds $200 billion to an already mega-cap tech stock that’s smack in the middle of an emerging tech trend, and yeah, you’re gonna get some grumpy folks yelling “bubble!”

Sucker's Rally?

I guess it’s not a huge surprise that stocks have been trading a bit lower this week. It should never be surprising to see stocks sell off some after they make a nice move higher, like what we saw last week.

China's Toothless Micron Ban

A couple months ago, China announced that it had placed Boise, Idaho based memory chip maker Micron Technology (NYSE: MU) under review for national security reasons. Of course China wants to imply that the U.S. chips can pose some kind of risk, like the U.S. government hacking cell phones made in China with Micron chips and stealing sensitive data