Dear Old Friend, “I suspect the jet lag has passed.” Shall I regret these words as I start a beautiful day. I’m writing from an old farmer’s attic in the center of a small agricultural canton. The view from Europe is tame. There are people going on walks, eating fresh things… smiling… and not arguing […]
Archives for May 2023
May 2023 - Money Morning - Only the News You Can Profit From
Strong Housing Market, AI Rally and Sticky Inflation
Stocks lost steam on Tuesday after a rally driven by the artificial-intelligence hype drove the market to its highest since August 2022.During the day Nvidia (NVDA) briefly joined the trillion-dollar club, only to fall back to its lows of the day.Hard to say if the AI driven rally is over, but buying Nvidia at $400, might be a tough pill to swallow for many, including Chris Johnson as he shared yesterday.
postcards from the florida republic - may 30
postcards from the florida republic what you missed, what I’m watching, and what’s investable today tuesday, may 30, 2023 Dear Old Friend, Greetings from Zug, Switzerland. I’m writing to you from the balcony of my friend’s home overlooking the farming community. It’s breathtaking… but I’m simply too tired to take it all in. That’s what […]
Debt-Ceiling Deal, Consumer Spending and the Fed
The debt-ceiling negotiations are front of mind for most people (that..and probably AI stocks), but don’t expect too much of a reaction to the debt-ceiling agreement.Equities already rallied hard last week, meaning much of the good news is baked into prices, and expectations of another Federal Reserve interest rate hike should further dampen upside..
Postcards from the Florida Republic (May 29)
from the desk of garrett baldwin (@floridarepcap) Dear Old Friend, We are off to Switzerland. I planned this vacation after I burned out a few months ago. And now – there are new developments in my career and opportunities ahead that make me incredibly excited. The winds died down. The smoke cleared. The storms have […]
postcards from the florida republic - may 28
postcards from the florida republic what you missed, what I’m watching, and what’s investable now sunday, may 28, 2023 Dear Old Friend, And on the third day, the great sea god emerged from the Gulf of Mexico, raised its angry tentacles to the sky, and bellowed: “LET THEM SPEND MORE MONEY!” And so, Congress did… […]
postcards from the florida republic - may 27
postcards from the florida republic what you missed, what I’m watching, and what’s investable now saturday, may 27, 2023 Dear Old Friend, The last 48 hours have been difficult. As you likely know by now we've had to make some tough but needed decisions about our future. I spent two hours on-air Friday in […]
postcards from the florida republic - may 26
postcards from the florida republic what you missed, what I’m watching, and what’s investable now friday, may 26, 2023 Dear Old Friend, The Federal Reserve has all the money in the world. It can magically press buttons to create currency (Ben Bernanke said so on 60 Minutes). It can pump unlimited capital into the economy […]
Tech Stocks Recapture their Old Mojo as Important Numbers Emerge
U.S Stocks ended mixed on Thursday, with tech stocks leading the way.Nvidia Corp.(NVDA) soared 24%, now sitting squarely as the 5th largest public company in America right behind the trillionaire club.These gains are yet another sign that investors are willing to invest in promising tech stocks, despite the growing worries of a US debt default and impending recession, high interest rates, inflation and a slowing Chinese economy.
Futures Rally on Nvidia Despite Fed Minutes and Debt Ceiling Worries
U.S.stocks fell for the second day in a row as negotiations over raising the debt ceiling continue to weigh on sentiment.The Dow Jones fell over 200 points along with the S&P 500 and Nasdaq following suit.We could see a nice rally off the back of strong earnings from Nvidia if any positive news comes out of debt-ceiling talks between Biden and McCarthy.