Jul 31, 2024
It's Fed Day, and Lance Roberts previews potential outcomes to be announced Thursday afternoon. Earnings season continues, with MSFT reporting revenue of only 29% for the quarter vs the anticipated 30% growth. Shucks. Our take on what to take from the NASDAQ correction: Opportunity. Markets are "flirting w...
Jul 31, 2024
There's been a nice correction in the NASDAQ. Markets can only go in one direction for so long. When you get extreme deviations from trend lines and moving averages, things will correct, and they do correct, from time to time. Trend lines and moving averages all act like gravity; when they correct, we humans have to...
Jul 30, 2024
Earnings season continues with 39% of S&P reporting this week; by week's end, 79% of companies will have shared results...and the buy back window opens anew. The Fed meeting begins today, with a slim chance for a surprise rate cut; a more dovish tone will encourage markets, however, and anticipate rate cut by September....
Jul 30, 2024
Following the 3% correction in the S&P, markets are oversold on multiple levels. Markets are holding at the 50-DMA and will try to rally up to the 20-DMA today. If the Fed comes out with dovish commentary tomorrow, markets could rally for another couple of days. The story lately has been how small caps have...
Jul 29, 2024
Markets prepare to wrap July; what will the Fed do this week? McDonald's Quarterly Report showing consumer pullback. Article tease on trying MMT and the Sam Altman experiment. Market correction last week followed by rally bounce; sell-signals are still in place, indicating the correction isn't over. Commentary on Olympic...