Category: BAC

Big Tech Piggy Banks

Stocks have been acting downright frisky since the mini-banking crisis earlier this month. If you expected to see investors take a little breather, make sure the coast was clear before piling money back into the market, well, I’m with you. I wasn’t eager to jump into stocks the Fed and Treasury Department was scrambling to prevent a full-on banking meltdown.

Eggs and Inflation

It’s literally been years since I made fresh guacamole. Because, while I can be pretty extravagant at times, I ain’t payin’ the runaway inflation price of $3.50 for one stupid avocado…

Accounting vs. Reality

You know what makes me nervous? When everybody is saying don’t be nervous… And that’s where we are in the aftermath of Silicon Valley Bank failure. Yes, depositors have been made whole, equity and bond holders are mostly wiped out. And all the analysts, strategists and economists are out there saying don’t worry, there’s little risk of widespread problems in the banking system…

Tomorrow’s Trading Plan

Back on January 4 and January 7, I was looking at the potential for the stock market to put together a decent rally. Well here we are on January 16 and stocks have been acting downright frisky.

About that Rally…

On Wednesday, I discussed the possibility that a rally might be brewing. For Exhibit A, I pointed out that the S&P 500 held above support at 3,818 for 10 of the previous 11 days. Exhibit B was the simple observation that stock prices in general had held pretty steady, even as the newsflow leaned negative – with a downgrade for bellwether Microsoft (NASDAQ: MSFT) and negative demand news for Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA).

Rally Time?

Well, here we are: 2023. With nearly 2 whole trading days completed for the new year, I thought *now* would be a good time to take a look at the recent action and make some sweeping generalizations about how stocks will trade over the next 12 months.