Selling Naked Puts
The unexpected happens. And, boy, didn’t it happen last Monday! When I wrote the blog, I had just seen the news about DeepSeek (China’s answer to ChatGPT) and noted that the futures were going down. What an understatement! When the market opened the Nasdaq plummeted more than 3%. Not nice. Shoot first, ask questions later […]
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 […]
