Wall Street loves a good acronym. For years, we had FAANG. Facebook, Apple, Amazon, Netflix, and Google. Those five companies dominated the stock market, dominated the headlines, and made enormous amounts of money for investors who owned them. Then Facebook…
There really isn’t a better way to describe what’s happening in the market today. Companies are coming to Wall Street asking for enormous piles of money, and Wall Street is giving it to them. Not millions of dollars. Tens of…
I know. Bonds are boring. I’d rather talk about stocks making new highs, Bitcoin ripping, or some company nobody has ever heard of doubling in three weeks. But every once in a while, the bond market tells us something important…
Brazil just had one of those days. The iShares Brazil ETF (EWZ) exploded higher after the election. At one point Monday afternoon, it was up more than 13%, with volume running several times higher than normal. That’s not a normal…
I was hanging out with Louise Yamada in New York City last week. Louise is a legend in technical analysis. She started working at Smith Barney before I was even born, and she’s been an inspiration to me and generations…
I was talking to a friend of mine this week who runs a business and manages a bunch of people. We were talking about AI and how much we’re both using it. At this point, I use these tools every…
Something interesting happened in the stock market this month. The Nasdaq-100 closed at a new all-time high. Technology stocks are still doing their thing. No down month there. No breakdown. Just another record high: Underneath the surface, things looked a…
I was hanging out with John Roque this week in New York City, and he brought up something that puts all this talk about interest rates into perspective. If you don’t know John, he worked at Soros Fund Management and…
My friend Dylan Tanen showed me a chart this week that stopped me in my tracks. It was a chart of aerospace and defense stocks. Think companies that make military aircraft, missiles, and other equipment governments buy when they’re preparing…
For the past few years, investors have been obsessed with interest rates. The Federal Reserve raised rates. Treasury yields jumped. Borrowing became more expensive. And the assumption was pretty simple: Higher interest rates = bad for companies. That makes sense.…
There are certain phrases that just make sense the first time you hear them. “Inflation anxiety” is one of them. Piper Sandler Chief Investment Strategist Michael Kantro has been using that phrase to describe something interesting happening in the stock…
There’s a lot of talk about bad stock market breadth right now. One of the numbers getting attention is the percentage of stocks on the New York Stock Exchange (NYSE) that are above their 50-day moving average. Recently, that number…
