Jan 31, 2024
(1/31/24) Earnings season continues, with AMD, Google, Microsoft, and NVDIA expected to fall after turning in their reports: Earnings have been okay, but not as good as expected. After "good" reports, watch for increased volatility and rotation from the NASDAQ into the Dow. Bond prices are on the rise, yields are...
Jan 31, 2024
(1/31/24) Corporate earnings are coming in good, but not as good as expected, especially with Mega-cap companies. The S&P remains over-bought, and we're looking for an eventual (and normal) correction to perhaps 4,700. Rotation out of the NASDAQ into the Dow could create ripples of volatility, and sitting on cash...
Jan 30, 2024
(1/30/24) Mega-cap Earnings reporting continues with Microsoft reporting today; companies are meeting (lowered0 expectations, but not blowing the doors off. Valuations & Reflexivity Theory teaser, FOMC Meeting preview: Will the Fed begin to cut rates sooner? Markets set another all-time high. Housing dynamics: Pricing &...
Jan 30, 2024
(1/30/24) Markets set another, new all-time high on Monday (which is what happens each time markets achieve another, higher close). Markets are over-bought, but Buy-signals are still in place (also, over-bought on multiple levels). Markets are now pushing into three standard deviations above the 50-DMA, but just...
Jan 29, 2024
(1/29/24) Markets look to wrap up January on an upward trend, but this week's FOMC meeting could affect that slope. the problem w economic data on the surface: Increasing GDP growth by adding debt. Who will provide the best policy mix to create stronger growth? Markets continue to rally as lowered earnings estimates and...