Jun 30, 2023
(6/30/23) Markets appear to be breaking out of the malaise; when does the market train run out of steam? Lessons from the Luling Watermelon Thump (IYKYK): a.) Don't eat all of the chicken all at once; b.) Don't owe nothing to nobody; c.) The heat won't kill you until it does; d.) Hay is gold; e.) Small amount of quality...
Jun 29, 2023
(6/29/23) Yankee pitch a perfect game, as Bank Stress tests all reveal perfect scores(!); no bailout required. Yet. Markets are still betting on lower rates, but liquidity remains. Money market accounts are in high-demand. Yield curves suggest Recession is still to come. The economy is based on debt: New Debt and Old...
Jun 29, 2023
(6/29/23) Markets Wednesday opened weak, rallied strongly, and then sold-off. But markets were slightly positive from where they opened for the day. Support levels are holding this morning, with futures looking higher. The "threat" is two remaining days for quarter-end portfolio rebalancing. We're still on a...
Jun 28, 2023
(6/28/23) Consumer confidence is on the rise, along with company expectations; the Fed says, "Drat!" Rising markets ease economic conditions, which will bring inflation back into the economy. Trade sanctions against China could deflate markets; AI has been the "new theme" this year. Danny's Canadian travelogue. Why low...
Jun 28, 2023
(6/28/23) The latest threat to the chip industry is a proposed Biden Administration trade sanction against Chine--restricting sales of AI-related chips from companies like NVDIA. Washington remains concerned about the impact of artificial intelligence; Chip stocks may be under pressure today as a result. As we move into...