Wednesday, Oct 5th, 2022 Yesterday, Elon Musk sent the folks at Twitter (TWTR) a letter that his “on again” “off again” deal to buy TWTR for $54.50 per share was back on again, days before the trial to force him to complete the deal was scheduled to begin. Was this sudden change due to his…… Continue reading Musk & TWTR
Tag: stock market
At The Top?
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?
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?
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?
Powell to the Rescue?
After several days of speculation, Federal Reserve Chairman Powell raised interest rates 3/4’s of a point, in a determined effort to choke off inflationary forces. Although this shows how determined the members of the “Fed” are in trying to bring inflation back under control, concerns are starting to grow, that this may also produce a…… Continue reading Powell to the Rescue?
Have we Reached Bottom?
Usually, after a panic sell off like the selling we saw on both Friday and Monday, the market could have a substantial snap back rally to scare the short sellers. However, I still see that the usual jump in volatility that usually occurs with temporary bottoms, has not happened yet. Also, I am very concerned…… Continue reading Have we Reached Bottom?
Monday’s Bounce
The stock market staged a strong rally on Monday, May 23rd, 2022 on the news that JP Morgan bank has increased the amount of interest income it projects it will receive this year because of rising interest rates. Of course, that positive factor may be offset by the increasing level of loan defaults and loan…… Continue reading Monday’s Bounce
China plans to throw 3 Trillion Dollars to Save Economy
As China’s economy implodes because of the debt buildup over the years, which cannot now be sustained, combined with the covid lockdowns in the major cities, can they solve the potential collapse by creating more debt? It is looking like China’s economy has been built on unsustainable debt levels. In addition, the Chinese authorities are…… Continue reading China plans to throw 3 Trillion Dollars to Save Economy
New Lows Ahead?
After two days of market rally based on the hope that inflation forces might be subsiding, Target-TGT- reports disappointing earnings before the market opens, and declines almost 25%. At the same time the Dow drops almost 400 points at the opening for trading. All of sudden market participants wake up to the fact that inflation…… Continue reading New Lows Ahead?
Inflation Peaking?
Despite high levels of inflation recorded early in the week, the markets staged a strong rally on Thursday and Friday, on the wishful thinking that inflation readings may be “topping.” Although many of the market averages are in oversold levels, despite the late week rally, still recorded its 6th losing week with the S&P Index…… Continue reading Inflation Peaking?