Fed AftermathApple, Amazon, Microsoft and Google have all been crushed post earnings. Apple is the 'best' performer - down approx 13% the past two weeks. What's next for large cap tech? I see more downside... and this post explains why.
Powell: ‘A Long Way to Go’No pause. No pivot. It's enough to make "doves cry". However, Fed said there will be a time when they will slow down rate hikes. But we're not there yet... expect rates to be higher than previously expected.
More Tricks than Treats?The market is up around 11% from its recent lows. Its rallying on the hope of a dovish Fed. My advice is tread carefully... you might get 'tricked' rather than 'treated' this Halloween. The upside does not handily outweigh the downside risks. Bear markets are known to do just that...
We’ve Seen This Script BeforeQ3 2022 big-tech earnings are behind us - with only one winner. Apple reported inline results with weak guidance - but enough to send the stock 7% higher. The rest however were slaughtered on weak earnings and forward guidance. But it was the Facebook's "metacurse" which sent the stock reeling almost 30%... Amazon was also crushed on a poor Q4 outlook.
Bear Market Rally Approaching ResistanceMy best guess is the current 11% bear market rally could go a little further yet (e.g. maybe 5-6%). However we are now approaching a technical area of resistance. I also offer a new trade on TLT... on the thesis that yields will reverse course at some point in 2023
‘Fed Whisperer’ Spurs MarketThe rally is on... but how far can it go? I will share my thoughts. And whilst we're likely to see a short-term shift in sentiment... longer-term headwinds remain.
Short Term Rip… Then a Bigger DipAnother bear market rally or something else? My view is the former until proven otherwise. For me, we need to see yields and the dollar peak. But in the meantime - don't be surprised to see this market add 10%+ before pulling back.
Does the Bullish Case Hold Water?Markets tried hard to rally this week - but was met with strong selling. I lay out both the bullish and bearish case... where I favor lower prices with a S&P 500 target of 3200
Jamie Dimon: “This is Serious”The CEO of the US' largest bank by assets - Jamie Dimon - has sent another warning. 'This is serious' he said... warning of perhaps up to 20% further downside and a recession in 2023...
Fed Gets another ‘Green Light’ September's strong jobs report gave the Fed more scope to continue with their aggressive rate hikes. Unfortunate a Fed "green light" is a stock "red light"
