Bad Santa
Bad Santa Rally. Well, Santa was not kind to us traders this year. In fact, he was quite horrid! We finished the Blog year on a high note, only to be cut down mercilessly in Christmas week. Two days after the blog was published there was the second biggest drop of the year! Not a […]
Don’t Fight the Fed!
Don’t fight the Fed! This week was dominated by the 50 basis points cut in interest rates – something that had a very low probability just a few weeks ago. The saying ‘Don’t fight the Fed’ was attributed to Martin Zweig, and means that betting against the Fed’s policies, especially when it is moving interest […]
NVIDIA & AI
NVIDIA & AI. NVIDIA dominated the market news this week, with its results being reported after the bell on Wednesday. Analysts expected earnings of $0.64 per share and $28.8 billion revenue. The actual earnings were $30 billion, the eps $0.68. The outlook was upbeat, and they announced a $50 billion share buyback. All good news. […]
The AI Hype Cycle
Where is AI on the Hype Cycle? Many of you will know about the Hype Cycle, introduced by Gartner in 1995. It is a graphical representation of the maturity and adoption of technology. When I used to run IT departments it was a thing, and all new technologies were placed on it. You didn’t want […]
The Magnificent Seven
Who are the Magnificent Seven? You’ve probably heard the expression. They are a group of companies that collectively make up more than one quarter of the S&P 500, and over half of the Nasdaq 100. They are: Microsoft (MSFT): $2.965 trillion Apple (AAPL): $2.623 trillion NVIDIA (NVDA): $2.065 trillion […]
Losing Streak
6 Down Days! Last week was truly awful. We’ve now had 6 down days in a row, which got me wondering – how often does this happen? What (if anything) does it mean? So I downloaded SPY data yet again from Yahoo Finance (I think I must be their most frequent customer!) and got to […]
