May 31, 2023
(5/31/23) The Debt Ceiling bill advances to the House, which the CBO deems will cut spending $1.3-B over 10-years (the CBO is never correct). Markets need to take a break; pullback to 50-DMA likely. Sector rotations coming; time to take profits. Corporate earnings are showing improvement, but where do earnings come...
May 31, 2023
(5/31/23) NVDIA and the AI Revolution have boosted NASDAQ stocks more than three standard deviations over the 50-DMA. Markets are now overbought in this bull market, corrections will occur back to the 50- and 100-DMA, which means, if you're heavily invested in Technology stocks, it might be a good time to take some...
May 30, 2023
(5/30/23) Markets begin the holiday-shortened week on an upbeat note, thanks to an impending Debt Ceiling deal; markets are challenging the Jan '22 Lows. Friday's PCE Report revealed Inflation remaining sticky, which the Fed will have to address. The Debt Ceiling deal is not a "done-deal" yet; if passed as-is, spending...
May 30, 2023
(5/30/23) Market futures are pointing dramatically higher on news of a debt ceiling deal, and more talk from NVDIA about the AI revolution and the seemingly endless possibilities. This breakout takes out the supports in place two years ago when Russia invaded Ukraine, setting markets up for a rally to March's highs, and...
May 29, 2023
Artificial Intelligence is a continuation of the Industrial Revolution, and has been underway for past ten years; where is the value? The Ai Era will end over valuations; the impact of Ai and Tech stocks on markets.
0:00 - Ai is a Continuation of the Industrial
Revolution
12:05 -- How the Ai Era Will End:...