“What can I say except ‘you're welcome’ for the tides, the sun, the sky?” Fed Chairman Jerome Powell spoke at 2:30 PM this afternoon, and, as I predicted yesterday, at 2:35 PM, the S&P 500 did what I said it would do. We peeled off after the Fed’s announcement and hit the third standard deviation […]
Archives for July 2023
July 2023 - Page 2 of 6 - Money Morning - Only the News You Can Profit From
We’re Living in an Entirely New Stock Market - Here’s How to Make Money There
When your grandfather got on the horn with his stockbroker to buy colossal 100-share blocks of IBM, he went through that trouble because he believed IBM had strong fundamentals and great future earnings potential. In those days, earnings made the world go 'round. Of course, it's a different world today – and not just because […]
In Finding Where Twitter Is Buried... "X" Marks the Spot
Given that it’s earnings season, let’s run through a quick exercise. Company A produced $88 million less in advertising revenue in the first four months of this year than the year prior. Company A relies on advertising to account for 90% of its total revenue. Our conclusion: Company A needs to make some drastic operational […]
Chart of the Day: Is the Tide Finally Turning for Fed Day?
It’s Fed Day… And we could be in for a bumpy ride. This afternoon, Federal Reserve Chair Jerome Powell will once again step in front of the cameras and tell the world how much the U.S. central bank plans to raise rates. At this point, we know a rate hike is guaranteed. The only lingering […]
A Lot of Money Can Be Made Between 2:35 PM and 2:37 PM Tomorrow - Here's Why
Tomorrow, the Federal Reserve will raise interest rates by 25 basis points. Everyone and their mother will lock eyes on CNBC and Bloomberg at 2:30 PM… They'll hang on every single word spoken by Fed Chair Jerome Powell. Are they still forecasting a mild recession at the Fed? Are asset prices (equities) too high? All questions will […]
Here's the Secret to Timing Your Oil Trades Perfectly
"When's the best time to buy oil?" is the question that lands in my inbox more often than any other. And I get it. Timing the market can feel like trying to catch a falling knife, especially in a sector as volatile as energy. As much as I love hearing from readers, clearly there's a […]
Why I Actually Watched Squawk Box This Morning
I took many questions from yesterday's piece on global liquidity. That's good. It means that people are thinking. They're questioning. They're challenging the status quo but also the author. That's how it should be. The markets don't care about valuations right now. Earnings reports are coming in, and regional banking stocks are getting stronger – […]
The Teenage Mutant Ninja Turtles Are Your First Warning
There are a handful of arcade games that sucked quarters out of my pocket at a pace that would make the best con man blush. Double Dragon… NFL Blitz… Marvel Vs. Capcom… The Simpsons… and… of course… Contra. But one game rises above all others. This game was legitimately designed to take money from children. […]
This Is One Insider Buy I'm Sitting Out - Here's Why
In the Florida Republic, we have ten laws – not rules, but laws – that all should follow. No. 4 is “Qualify Everything.” If something seems too good to be true… it is. If someone offers you something, gather all information necessary to make an informed decision on whether you will accept… And if an investment opportunity arrives […]
What to Expect from Markets the Week of July 24
Postcards from the florida republic: An independent and profitable state of mind. The dogs don’t like the thunder. Elsie, a pit-Basset mix we adopted, jumps on the bed when it booms. She builds a fort of pillows around her and then hides beneath a blanket. The other dog, Gracie, a Chihuahua mix, gets to the […]