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
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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?
Another Bankruptcy!
Over the weekend, another unregulated Crypto Currency Firm, BlockFI filed for bankruptcy, with over 100,000 creditors, and with potential liabilities between One Billion to Ten Billion Dollars. Now joining the growing ranks of other unregulated firms such as FTX and its sister trading house, Alameda Research, and other firms like Voyager, Celsius, and Three Arrow…… Continue reading Another Bankruptcy!
FTX Implosion?
Is the recent collapse of the FTX crypto platform a warning that their are significant flaws in the world’s financial system? It certainly could be a wake up call for those investors who believe that as soon as the Federal Reserve (the Fed) starts to “pivot” on their program of raising interest rates, the Bull…… Continue reading FTX Implosion?
Recession Ahead?
Each day we get new reports of personnel layoffs at major corporations: 10,000 layoffs at Amazon, 10,000 layoffs at META (FB) and 50-75% of the staff at Twitter. Not going to be a Merry Holiday Season as all of these high priced Engineers and Computer Scientists try to find comparable positions in the Tech industry,…… Continue reading Recession Ahead?
Bitcoin Implosion
As we have been suggesting these past weeks, bitcoin could face a massive sell off if it closed below $18,000 per coin. The same sell off was likely for TSLA if it closed the week below $200/week. Both of those key support levels appear to have been broken this week. So look out below! The…… Continue reading Bitcoin Implosion
Wishful Thinking?
October 31, 2022 Despite a weak stock market today, it looks like the Stock Markets will conclude another weekly gain. Is this the early beginning of a “Santa Claus” year end Holiday rally, or merely another short covering rally fueled by hopes that the Federal Reserve will start to “pivot” from its interest rate increases…… Continue reading Wishful Thinking?
Technical Bounce?
Wednesday 10/19/2022 Is the market’s very strong rally the past two days, the beginning of a new bullish trend, or the result of Central Bankers stepping in to support the equity markets, in the same way, the Bank of England stepped in last week to stem a melt-down in their Bond market? It is my…… Continue reading Technical Bounce?
Deficits Don’t Matter?”
Wednesday, 10/19/2024 A financial crisis in the United Kingdom seems to have been averted the past few days, with the sudden sacking of Prime Minister Truss’s finance minister. Their ill-conceived plan to stimulate the economy with tax cuts for Corporations and the Rich, combined with more spending financed with the creation of more debt, has…… Continue reading Deficits Don’t Matter?”