Category Posts

Feb 281 min read

Morning Market Report: Feb. 28th, 2024

These were two headlines one after the other this morning on Marketwatch: There's a point at which the financial media's desire to pander...

Feb 273 min read

The Casinofication of Markets

Over the weekend Warren Buffett remarked that markets were increasingly resembling a casino. He came up with several different plausible...

Feb 272 min read

Closing Market Report: Feb. 27th, 2024

Following last week's Nvidia-driven gap run, this week has been a very boring market. Both volume and volatility have collapsed. As I...

Feb 272 min read

The Magnificent Seven

For a change from the usual routine this morning, I'm going to give an update on the seven mega cap Tech stocks that were dubbed "The...

Feb 262 min read

Fed Policy Error Update

It was a boring day on the markets so I was perusing some of my Fed (FRED) database charts and noticed that consumer delinquencies have...

Feb 262 min read

Morning Market Report: Feb. 26th, 2024

Over the weekend the WSJ/Barron's made note of Warren Buffett's dour stock market outlook as diametrically opposed to the current AI...

Feb 253 min read

Buy And Hold Is Dead

It died a long time ago. No one seemed to notice. Certainly no investment advisors. Late Friday, Warren Buffett's Berkshire Hathaway...

Feb 223 min read

Artificial Intelligence. Strong Buy.

This is the weekly market summary for the week ending February 23rd, 2024. Last week I wrote about the AI Supernova. That rally peaked on...

Feb 222 min read

The AI Tulip Bubble

My overall hypothesis is that AI/Nvidia is Wall Street's Gamestop. Once again, Nvidia delivered the goods last night. Jensen Huang,...

Feb 211 min read

Closing Market Report: Feb. 21st, 2024

All eyes on Nvidia, in the meantime, the market traded all over the place today. Tech was weak all day, but the Dow was bid. The S&P...

Feb 212 min read

Morning Market Report: Feb. 21st, 2024

This afternoon we get FOMC minutes which has the potential to move the market if FOMC members are perceived to be leaning hawkish. Fed...

Feb 202 min read

Gap 'n Crap 2.0

Today is the second consecutive weekly gap 'n crap. Bulls and bears have been fighting over the SPX 5,000 line for the past week. Today...