December 22, 2022 The market is having a negative reaction to the news yesterday, that a major chip manufacturer, Micron, MU reported weaker then expected earnings and blamed the results on a “glut” of memory chips in inventory which is likely to last through part of 2023. Another piece of bad news for those hoping…… Continue reading Micron: “Glut”of Chips
Month: December 2022
FTXBankrupty Who’s Next?
December 15, 2022 As the sad facts come to light that the $30 Billion “wealth” of Sam Bankman-Fried and his FTX platform were all a mirage, and just another Ponzi scheme, attention is now turning to the other major crypto platform Binance. Is it also just another “House of Cards?” In an effort to restore…… Continue reading FTXBankrupty Who’s Next?
Time to Leave the Xmas Party?
Now that Fed Chairman Powell has made a “mini” pivot in his previous hawkish statements about coming interest rates hikes, is it time to join the recent rally? It is my inclination that those who are looking for a “Santa Claus” year-end rally, might be left with empty stockings hanging on their fireplaces, as the…… Continue reading Time to Leave the Xmas Party?