Market Thoughts: Monday December 3

Market Thoughts: Monday December 3

We Jumped The Shark, Now What? My Nasdaq chart from Friday with Week Ahead market rally call looked something like this: Putting it all together, we have the following ingredients for a market recovery: Truce on Trade Mutual Fund Monday Seasonality/Santa Reduced concern about the Fed Strong corporate earnings, still Reduced inflation risk post Oil […]

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Market Thoughts: The Week Ahead for December 2

Market Thoughts: The Week Ahead for December 2

The SPY gained 4.5% last week – the most in seven years despite a 22.5% drop in oil (down 33% in 2 months). So why the Big Reversal last week? Fed Chairman Jerome Powell delivered a surprise announcement on Wednesday, with a dovish turn. Powell said Fed funds rates rates were “just below the vicinity of […]

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Zombie Companies: 3Q List

Here is my inspiration for this post: Ultra low rates are not a tool for growth, but a tool for malinvestment. BIS estimates that zombie firms doubled since 2010 to 10% of US large companies, with a combined market capitalization of $2.3 trillion. https://t.co/WO265GNP2e — Daniel Lacalle (@dlacalle_IA) November 29, 2018 Responses I liked: If […]

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Trading Room Closed Today – Friday November 30

Still Sick. With end of month today, we will soon see if Bulls come in Monday (mutual fund Monday). Clearly Big Money is on the sidelines. We’re very oversold in the heart of Santa/Jan Effect.  If it wasn’t for Jan 1st China Tariffs/Trade War + Oil <$50, Longs would be giddy from Political Gridlock, a […]

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Trading Room Closed Today – sick day

Trading room is closed today but I will catch up on reconciling my portfolios from being away and working with Zeke on linking them to live market data so I don’t have to reconcile ever again as they will update and trigger automatically! That’s the goal – still have to make it work… I also […]

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