August 28, 2022 Friday’s sharp 1,000 point decline was triggered by Fed Chairman Powell’s brief, but pointed, “inflation fighting”comments at the annual Jackson Hole, Wyoming economic meeting of the world’s financial elite. Fighting Inflation was job number one, for the Fed at this time, said Powell, even if it leads to some short term economic…… Continue reading At The Top?
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Storm Ahead?
August 24, 2022 The recent weakness in many speculative stocks and Bitcoin, together with the continued statements from the Federal Reserve that “fighting inflation” is their top priority, should send strong warning signs to all investors, that difficult economic conditions are ahead. At first glance one would think this would benefit Banks, as they can…… Continue reading Storm Ahead?
Turning Point?
With a down day on Friday, 8/19/2022, the weekly upside trend for the stock market has been broken. Is this just a just a temporary pause in the five week uptrend that has recaptured almost 50% of the market’s 2022 decline, or something more significant? Although this is not investment advice, I would suggest that…… Continue reading Turning Point?
Has Inflation Peaked?
August 9, 2022 Looking at the uptrending stock market the past 6 weeks, one would think that with two, or three interest rates hikes, the Federal Reserve has put the recent inflation concerns to rest. We will shortly get a new inflaton reading and maybe the Wall Street Bulls will use it spin a positive…… Continue reading Has Inflation Peaked?
Recession Ahead?
July 26th, 2022 As the markets await the Federal Reserves decision today on whether to make a 3/4 point increase in short term interest rates, to contain inflation, or something more significant, like a full 1% increase, investors should consider this question. Are we facing a recession in the coming months? One technical indicator that…… Continue reading Recession Ahead?
Have we seen The Bottom?
July 22, 2022 With the strong rally the past 10 days in the stock and bond markets in the face of elevated inflation reports, and the very likely continued increase in Federal Reserve interest rates, some investors are starting to feel the worst is behind us, and it is time to add to positions. Is…… Continue reading Have we seen The Bottom?
Too Good to be True?
Sunday, July 17th, 2022 If investors needed another reminder that if something sounds too good to be true, it probable is, they got a big wake-up call this week. Crypto lender CELSIUS, which 9 months ago, said that they had $25 Billion, with a “B” in assets, under management, this week filed for bankruptcy, leaving…… Continue reading Too Good to be True?
Elon wants “out” of TWTR deal.
July 9, 2022 As we had suggested might happen in our Post back on June 6, 2022, Elon Musk officially “terminated” his offer to buy TWTR today. Not sure he did it with a letter to the Company, or via a Tweet. Of course, there are two parties to this contract, and it appears that…… Continue reading Elon wants “out” of TWTR deal.
Buffett Builds Oxy Position
Despite the weakness in the Energy Sector, the past few weeks, Warren Buffett’s Berkshire (BRK.A)(BRK.B) continues to add to its significant position in Occidental Petroleum OXY ($61). What’s Up? Does Buffett see another surge in oil prices or just sees this a good place to put some of his growing cash balances? Is he thinking…… Continue reading Buffett Builds Oxy Position
Can Bitcoin Hold $20,000 Level?
Several weeks ago a number of market observers pointed out that a few hedge funds, and corporate CEO’s, were using Bitcoin as their preferred cash equivalent, rather than Treasury Bills and Money Market Funds. In fact, it was reported that Michael Saylor the CEO of MicroStrategy (MSTR) had a Billion Dollar position in Bitcoin, which…… Continue reading Can Bitcoin Hold $20,000 Level?