The market continues it stretch of valuations, unhealthy stocks with unhealthy patterns are being bought because the leaders are getting too expensive. This provides an illusion of a broadening market. April 19 was the bottom of this trading bounce and…Continue Reading →
It will be fascinating to see how the markets interpretation of the PPI, CPI, and Consumer sales numbers end up by Friday’s close. Big question, is a slowing consumer going to be a factor. We will see. Update at 10:40…Continue Reading →
One more thing, the AI Buildout stocks are tired. The NVDA,MSFT,GOOG,IBM,AMZN,TM,CAT,TT,BLD mix is rolling over. They have led the bull market in stocks since April 10, 2023. They peaked on April 15, 2024, had a whiplash down day on April…Continue Reading →
As mentioned last week, we are going into a transition, one where the stocks that have had all the puffiness will see the air pulled out. Once that is completed, sometime over the next month, probably sooner rather than later…Continue Reading →
Time of transition, consumer is slowing down a bit, interest rates heading down in late summer. Tech stocks will have to deal with slowing economy, Russell stocks will benefit from lower rates. Now that we have the Fed and employment…Continue Reading →
We are now into a new market environment. It is no longer about AI, Inflation, Interest rates, or the Fed, it is now about Tech over-valuation. What this means is that the next shoe to drop is a sharp decline…Continue Reading →