The Most Important Proclamation in the FOMC Press Conference(And It’s Been Ignored, Again)
The reporting on last week’s FOMC press conference was all about the very topic that Chair Powell had predicted (and forewarned) in the prior meeting. The topic wasn’t the rate cut, and yet again, Jerome didn’t get any credit for his kind and prescient forewarning. Fortunately for us, he has a long history of not
Santa Claus Has a Favorite Index.And Santa’s Rally Has A Favorite Start Date!
Next week could set the tone for the much anticipated Santa Claus rally, but be patient. The Fed’s interest rate decision and press conference on Wednesday are expected to deliver a 25 bps cut (as shown in the chart below), then the market will immediately focus on the odds of future cuts based on Chair
AI Angst or AI Awakening? The Market’s Not So Surprising Move
When the market peaked at the end of October, the media’s market narrative was skewed to the idea that Nvidia was leading the market higher, and as a result, the fate of the much anticipated year-end rally rested in its earnings report. Based on the chart below, this was an easy assumption to make. Leading
AI Angst or AI Awakening? The Market’s Not So Surprising Move
When the market peaked at the end of October, the media’s market narrative was skewed to the idea that Nvidia was leading the market higher, and as a result, the fate of the much anticipated year-end rally rested in its earnings report. Based on the chart below, this was an easy assumption to make. Leading
Bull Market Problem or Positioning Reset?
The market topped out 3 weeks before Nvidia’s better than expected earnings led to the bulls receiving a whiplash reaction. “Good news, bad action” can be the death of a bull run, so the question every investor should be asking is not “Are we in an AI bubble?” A better question is, “Why are investors
Bull Market Problem or Positioning Reset?
The market topped out 3 weeks before Nvidia’s better than expected earnings led to the bulls receiving a whiplash reaction. “Good news, bad action” can be the death of a bull run, so the question every investor should be asking is not “Are we in an AI bubble?” A better question is, “Why are investors