Archives by Month:

Archives by Year:

Dogecoin – Surely, You Must Be Joking?

Dogecoin – Surely, You Must Be Joking?

On the heels of Meme Stocks Mania that literally lasted less than a week, and with so much in the news this week, I figured it was time to revisit this meme coin.Dogecoin was launched on December 6, 2013, as a joke.Within the first 30 days, there were over a million visitors to Dogecoin.com.On December […]
Stocks Hit New All-Time Highs… But Utilities Are Telling Us Something

Stocks Hit New All-Time Highs… But Utilities Are Telling Us Something

Image Source: Pexels The tape doesn’t lie: The bullish thesis I’ve developed over the past few weeks has been vindicated. Ever since late April, I’ve been pounding the table about it. The way higher is wide open.Although, I’m a bit concerned as we move deeper into summer. What is it that makes me uneasy? Utilities, and […]
The Market Is Positioned For A Massive Move Later This Week

The Market Is Positioned For A Massive Move Later This Week

The market seems dead today, with trading volumes down and price action stalled out since the CPI report last week. One would think things will start to loosen up tomorrow because the pinning in the VIX should be passed, and the Fed minutes at 2 PM ET should help give the markets something to think […]
WTI Extends Losses After API Reports Unexpected Crude Build

WTI Extends Losses After API Reports Unexpected Crude Build

Image Source: Unsplash Oil (and gasoline) prices were lower today (WTI sliding back near two-month lows) as the Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.However, the main driver for oil prices right now is “worry […]
Toll Brothers Q2 Earnings: Home Sales Revenue Jumped 6.0%

Toll Brothers Q2 Earnings: Home Sales Revenue Jumped 6.0%

Image Source: Unsplash Toll Brothers Inc (NYSE: TOL) is trading up in extended hours on Tuesday after coming in ahead of Street estimates for its fiscal second quarter. Toll Brothers stock up on impressive guidance The stock is gaining also because the management issued upbeat guidance for the future. $TOL now expects to deliver up to […]
The Bull Market Is Still On, But …

The Bull Market Is Still On, But …

Image Source: Unsplash The bull market is still on, but under the surface there is one concerning development.In this piece, we show that the secular bull market that started in 2009 remains in place, but the pace of the rally is threatened by the lower fiscal net-transfer rate that has developed during the last three months.The […]
Meme supporter? Presidential candidate Kennedy Jr. buys $24,000 in GME stocks

Meme supporter? Presidential candidate Kennedy Jr. buys $24,000 in GME stocks

Presidential candidate Robert F. Kennedy Jr. shared on X today that he invested $24,000 in GameStop’s GME stocks. In his post, Kennedy Jr. promises to “support the Ape retail rebellion and enact aggressive Wall Street reforms,” fulfilling alleged claims from retail investors for more transparency.The funds used to invest in GME, according to the presidential […]
Crypto Rises And Shorts Shatter

Crypto Rises And Shorts Shatter

As we first noted in today’s Morning Lineup, while equities are having a snoozer of a session, crypto prices are rallying. Although it has come off the high, the price of Bitcoin was above $70,000 this morning for the first time in over a month. Meanwhile, Ethereum prices are up double-digit percentage points (11% as of […]
S&P 500, Nasdaq Score Another Record Close

S&P 500, Nasdaq Score Another Record Close

Wall Street earned modest wins across the board today. The Dow got back to its winning ways, while the S&P 500 nabbed a third-straight win of its own and, alongside the Nasdaq, closed at a new record high. Driving today’s stagnant price action was some hesitancy ahead of the Nvidia’s (NVDA) earnings call, due out after the […]
Here’s What Wall Street Experts Are Saying About Target Ahead Of Earnings

Here’s What Wall Street Experts Are Saying About Target Ahead Of Earnings

Image Source: Unsplash Target (TGT) is scheduled to report results of its first quarter before the market open on Wednesday, May 22. The company will host its earnings conference call at 8 am EST. What to watch for: GUIDANCE: In March, Target forecast Q1 adjusted earnings per share of $1.70-$2.10 and a comparable sales decline of 3%-5%. Analysts currently […]