We made it to Tax Day, April 15 and survived. I celebrated the end of the two-month torture period with my wife by going to a chocolate taste testing at Ethel M. Overall, I was so busy the last two to three weeks that I had to take a break from writing this commentary. Plus, […]
When I last left off, I wrote about three items / topics. Here is the follow-up: 1) My Gut Feeling for Boeing (BA) was that while the stock was in the penalty box, it likely bottomed out at $363.33. It is fair to say that BA has done it’s two minutes for interference (a hockey […]
This week’s calendar is rather quiet; but, will be dominated by the Federal Reserve Open Market Committee’s (FOMC) interest rate decision. The probability of a rate hike is 0%. The probability of a rate cut is 2%. So, the only important aspect of the FOMC’s Wednesday rate decision will be the statement and comments by […]
I have been on the sidelines as far as writing goes, but have been busy as a beaver otherwise, so apologies for not writing sooner. The first quarter rebound continues after taking a one-week hiatus last week from a historic bull run. The equity market got back on its horse this week, despite Boeing (BA); […]
Greetings from snowy Las Vegas. I had the pleasure of previewing Warren Buffet’s 2018 annual letter to Berkshire Hathaway’s (BRK/A; BRK/B) shareholders on Yahoo! Finance (now owned by Verizon (VZ) ) Friday afternoon. Here is that interview (unfortunately you have to click on the link as I could not embed the video here): https://finance.yahoo.com/video/expect-warren-buffetts-annual-letter-223803825.html There […]
NOTE: this commentary was written overnight. However, due to technical difficulties could not be published until midday today. Please accept my apologies for any inconvenience. For the month of January 2019, the Standard & Poor’s 500 (SPX) rose 7.87% after declining 9.18% in December 2018. The index remains 6.79% off its all-time high set on […]
Without a doubt, this week will be as it gets to likely determine the trajectory of the markets for the rest of the quarter and perhaps the rest of the year. While the naïve course of action is to focus on fourth quarter and full-year 2018 results, smart eyes will be on guidance. After all; […]
For the last fifteen years, both fall and spring semester, at the Seton Hall Stillman School of Business, I have taught a class titled: Securities Trading and Financial News. The course description per the university catalogue is: Analysis of the impact of financial news and events on the prices of securities, including technical analysis, fundamental […]
Another year has come and gone. 2018 was in many respects, from an economic perspective, a carbon copy of 2017: rising employment, increasing earnings, improving consumer confidence, tightening Federal Reserve, and reduced government regulation. For three quarters of the year, the stock market rose in concert with the positive economic backdrop. Then the bottom seemed […]
As 2018 began, I published My Gut Feeling For 2018. Now that 2018 is in the books, I wanted to look back at how my expectations and predictions fared in 2018. Recall these predictions were made in the spirit of the old Wall Street Week with Louis Rukeyser show in that they were fixed a year […]
