November 22, 2022 @ 11:09 pm | Breaking News |
On Monday China reported 28,127 new domestically transmitted Covid cases on Monday as the country neared its April peak. Infections in the southern city of Guangzhou and the southwestern municipality of Chongqing accounted for about half the total. In Beijing, cases...
November 22, 2022 @ 11:06 pm | Breaking News |
Tomorrow, Wednesday, is a travel day for me so I can get arrive early enough to help with the Thursday preparation. (I’m a deft hand at slicing brussels sprouts.) I’ll be returning to New York on Saturday and will be back in the saddle posting on Sunday....
November 21, 2022 @ 7:28 pm | Breaking News, Buy Hold Sell |
What’s on tap for this week? Volatility, volatility, volatility. Even though it’s a short Thanksgiving market week. Worry over the cryptocurrency meltdown of cryptocurrency exchange FTX. According to a Saturday bankruptcy filing in Delaware, FTX owes...
November 17, 2022 @ 7:51 pm | Breaking News |
Today I posted my two-hundred-and-seventh YouTube video. This week’s Trend of the Week: Time for Utilities? I think it is. Looking at Utilities Select Sector SPDR Fund (XLU), you can see the recent dip in utilities, which means yields are up. On top of that, I...
November 16, 2022 @ 8:10 pm | Breaking News |
Today I posted my two-hundred-and-sixth YouTube video Today’s topic: 10% More to this Rally? The S&P rose above 4,000 Tuesday morning leading investors and analysts to forecast this rally climbing about 10% higher. Looking at a chart of the S&P 500 for...
November 16, 2022 @ 7:58 pm | Breaking News, Buy Hold Sell |
Is the Federal Reserve now in the business of talking down stock prices whenever investors get too optimistic about interest rates? It sure looked like it today. Today, Wednesday, November 15, New York Fed President John Williams ended the day’s rally when he...
November 14, 2022 @ 8:00 pm | Breaking News |
Expect a ton of earnings reports as third-quarter earnings season hits its stride. A few could even move a sector or maybe even the market as a whole. The biggie for the week, I’d argue, is Nvidia (NVDA) on Wednesday, November 16, after the market close. But...
November 14, 2022 @ 7:20 pm | Breaking News, COP, Jubak Picks Portfolio, PXD |
Today I posted my two-hundred-and-fifth YouTube video. This week’s Trend of the Week: U.S. Oil Production is Not Rising as Expected. Oil prices have averaged $100 per barrel over 2022–a figure that would normally lead oil companies to expand production and...
November 14, 2022 @ 7:14 pm | Breaking News |
Back in September, Congress passed yet another stopgap continuing resolution to fund the U.S. government. That authority lapses on December 16. No new funding authorization bill, no more government spending, and a shutdown of all except the most critical government...
November 10, 2022 @ 7:20 pm | Breaking News |
This morning, November 10, the Bureau of Labor Statistics reported that the annual inflation rate fell to 7.7% in October. That was below the 8.2% annual are in September and below the 7.9% annual rate project by economists surveyed by the Wall Street Journal. The...
November 10, 2022 @ 7:13 pm | Breaking News |
Today I posted my two-hundred-and-fourth YouTube video. This week’s Quick Pick is Anheuser-Busch Inbev (NYSE: BUD). Beer is a good counter-cyclical consumer good because demand for beer doesn’t really go down during a recession. Anheuser-Busch is a...
November 9, 2022 @ 11:18 pm | Breaking News |
Today I posted my two-hundred-and-third YouTube video. Today’s topic: Capital Cycles and Recession – they are not the same thing. When we talk about a recession, we’re largely talking about a consumer demand recession. Separately, there is a...
November 9, 2022 @ 7:50 pm | Breaking News |
It’s likely to be days, weeks, months–if we have to wait from a December runoff vote in the Georgia Senate race–before we know who controls what house of Congress and by how many seats. In the meantime, tomorrow, November 10, brings the October CPI...
November 9, 2022 @ 7:45 pm | Breaking News |
The stock market hates uncertainty. So with the control of Congress still undecided after yesterday’s election, the last thing investors needed was a shaky auction of 10-Year Treasuries today. But that’s exactly what financial markets got: One of the worst...
November 8, 2022 @ 7:24 pm | Breaking News |
We’re at the point in the credit cycle when lenders and borrowers can get into trouble. The typical pattern is that lenders looking to keep loan balances climbing loosen up on lending standards and extend more credit to less qualified customers just as a slowing...
November 7, 2022 @ 7:36 pm | Breaking News |
Today I posted my two-hundred-and-second YouTube video. This week’s Trend of the Week: Mud Season in Ukraine. During World War II, the western powers were hoping for a tough mud season to slow down the war and make it harder for Germans to race into Poland....
November 7, 2022 @ 7:31 pm | Breaking News |
Another big macroeconomic report to hang over stocks, depressing volatility. After all, who wants to get out ahead of Thursday’s Consumer Price Index inflation report for October? Economists surveyed by Bloomberg project that CPI headline inflation will slip to...
November 7, 2022 @ 7:27 pm | Breaking News |
Today, November 7, stocks rose before tomorrow’s mid-term elections. The Standard & Poor’s 500 gained 0.96%. The Dow Jones Industrial Average closed higher by 1.31%. The NASDAQ Composite rose 0.85% and the NASDAQ 100 added 1.11%. The small-cap Russell...
November 4, 2022 @ 7:14 pm | Breaking News |
On Thursday, November 3, Lyft (LYFT) said it would trim 13% of its staff, or around 683 people. Amazon announced a “pause” on corporate hiring after halting hiring in its retail division last month. And Apple (AAPL) has suspended hiring for jobs outside of...
November 4, 2022 @ 7:08 pm | Breaking News |
Economists were expecting a light October jobs report this morning with projections from economists surveyed by Bloomberg at 195,000. Instead, the Labor Department reported that the economy added 261,000 jobs in October. (And revised the September report up to 315,000...
November 3, 2022 @ 7:23 pm | Breaking News |
Today I posted my two-hundred-and-first YouTube video: Quick Pick Brazil ETF EWZ This week’s Quick Pick is Brazil, iShares MSCI Brazil ETF (NYSEARCA: EWZ). While the election in Brazil isn’t totally over with an actual concession speech, it’s clear...
November 2, 2022 @ 10:27 pm | Breaking News |
Today I posted my two-hundredth YouTube video: Federal Reserve: Mind the Gap! Today is Ground Hog Day for the Federal Reserve. The U.S. central bank will announce whether or not it sees its shadow. It’s predicted to announce a 75 basis point increase in interest...
November 2, 2022 @ 10:21 pm | Breaking News |
At first investors and traders thought they heard the Federal Reserve signal that the central bank was thinking about a pivot to a policy of cutting interest rates. And stocks rallied. But then Fed chair Jerome Powell “clarified” the Fed’s thinking...
November 1, 2022 @ 7:00 pm | Breaking News |
The JOLTS survey from the Department of Labor showed a big jump in job openings in September. Which raised market worries that the Fed will raise interest rates tomorrow, November 2, by a hefty 75 basis points and signal that it is farther away from a pivot toward...
November 1, 2022 @ 6:53 pm | Breaking News |
Today I posted my one-hundred-ninety-ninth YouTube video: Quick Pick GM This week’s Quick Pick is General Motors (NYSE: GM). On Monday morning, October 25, GM announced third-quarter revenue earnings of $41.89 billion-slightly below the $42 billion that Wall...
October 27, 2022 @ 7:47 pm | Breaking News |
Today, October 27, the Bureau of Economic Analysis reported that U.S. GDP grew by an annualized 2.6% rate (adjusted for inflation) in the third quarter. That was better than the 2.4% rate that economists had projected. After two down quarters to begin the year, this...
October 27, 2022 @ 7:43 pm | Breaking News |
Okay, quarterly revenue and earnings reported yesterday after the market close stank up the joint. Revenue at Facebook’s parent, fell 4.5% in the quarter, a second consecutive drop in quarterly revenue to $27.7 billion. Wall Street forecasts called for $27.4...
October 26, 2022 @ 8:16 pm | Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio |
Microsoft (MSFT) managed to beat Wall Street earnings estimates for its fiscal first quarter, reporting earnings of $2.35 a share versus the $2.29 expected by analysts after the market close on October 25. But the stock is down strongly today, October 26, on the...
October 26, 2022 @ 7:59 pm | Breaking News, Jubak Top 50 Portfolio |
Alphabet (GOOG) reported a drop of 24% in third-quarter earnings after the market closed on Tuesday, October 25. Gross revenue rose just 6% to $69.09 billion. In the third quarter of 2021, revenue grew by just 6% to $69.09 billion from the third quarter of 2021. In...
October 26, 2022 @ 7:48 pm | Breaking News |
Today I posted my one-hundred-ninety-seventh YouTube video: What will Xi do now? Sunday, Xi Jinping was officially elevated to his third term as President of China. While his title is official “President,” the position is truthfully more like Mao’s...