Monthly Archives: July 2023

Nothing Can Stop the Rally at the Moment

The Fed spoke last week and nothing happened to the rally.  The Bank of Japan may start a new monetary policy era that could affect the US markets, but so far nobody is worried.  The earnings season has been good, most of the companies are beating earnings expectations.  Everything looks so good that the sky is the limit.  But really, can the stock

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Priced to Perfection

Prior to Netflix and Tesla’s earnings reports, both stocks were priced to perfection.  As soon as some weaknesses were sniffed out, the sellers came in and pushed the stocks down.  They were both very overbought and it was an impossible situation to please the investors.  Will this type of negative response to mega tech earnings cause a pull back?  The July Fed

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Summer Lull before the Storm

The 10-year treasury yield fell below 4.0% and the DOW decisively bounced off its 50-day moving average last week.  The good inflation data saved the day! The DOW successfully prevented a double top confirmation, therefore the S&P 500 and NASDAQ were able to press higher last week. The big banks earnings were not horrible and the consumer spending is

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The 10-year Treasury Yield Broke above 4%

The unrelenting hawkish messages from the Fed coupled with a strong ADP employment report caused the market to selloff last Thursday and Friday.  The 10-year treasury yield closed at 4.05% last Friday, the highest close since early March 2023.  The cyclical sectors in the stock market have not been affected by the higher rates

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AI Growth Stocks Have Met Valuation Resistance

The NASDAQ closed the first half of 2023 with a bang. Apple contributed significantly to the NASDAQ’s gain.  Apple is the epitome of safety stocks.  Apple still is growing, albeit at much lower pace.  But the supreme balance sheet and the buyback of stocks made Apple stock a defensive and offensive play at the same time.  There isn’t a better place to

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