Alright, maybe it’s starting to sound like the boy who cried wolf, or merely my fairly convicted view that the concentration in the Nasdaq among a handful of stocks will eventually be the stock market’s …
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You know the drill… BOJ, Fed, Oct Jobs this week. Election next. I suspect BOJ surprises to the downside on less than expected commitment to monetary stimulus, but will be muted. I expect the Fed …
Continue readingLast night on CNBC’s Fast Money we discussed the Nasdaq 100 (NDX) closing at a new all time highs. The new highs were powered by tech behemoths of all ages. Microsoft (MSFT), Alphabet (GOOGL) and Facebook …
Continue readingIn case you missed it, the Nasdaq Composite is at all time highs. And this time is very different. The index’s rise from about 1300 in late 1998 to just above 5000 in early 2000 …
Continue readingThe Nasdaq Composite (CCMP) and the Nasdaq 100 (NDX) are the only two major U.S. equity indices that are not up on the year, despite out-sized rallies (compared to the S&P 500) off of their …
Continue readingWhen I wrote this post last night, the S&P 500 futures were up about 30 basis points, Asian stocks were down slightly. As I continue writing at 7am this morning, the S&P 500 futures are down …
Continue readingOn the last day of 2014 (here) I took issue with a quote in the WSJ regarding the U.S. stock market, “probability of a solid 2015 is improving“. If I were a full time market …
Continue readingSeptember quarter results reported by Amazon (AMZN), Google (GOOGL) and Microsoft (MSFT) on Thursday saw the first two stocks gap to new all time highs, and the latter to a 15 year (!) high on …
Continue readingOn Tuesday night, I had the pleasure of speaking on a panel hosted by Fidelity, attended by some of their high net worth brokerage clients and large investment advisers. While the intent of the panel …
Continue readingIn case you missed it, there’s a hip new acronym FANG, grouping four U.S. tech stocks that make up $1 trillion in market capitalization: Facebook (FB), Amazon (AMZN), Netflix (NFLX) and the newly renamed Alphabet (GOOGL). These …
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