There’s a big difference between a market with weak breadth and a market that’s simply rotating. We’ve been talking about market breadth because the major indexes are making new highs while fewer stocks are participating. We also just talked about…
We’ve spent the last few years teaching computers how to think. Now we’re teaching them how to do things. Book my flight. Find me a hotel. Order dinner. Buy whatever information you need. Pay for it. Let me know when…
I keep hearing about how bad market breadth is. To be fair, if you’re looking at the very short term, there’s something to talk about. Only 26% of the stocks in the S&P 500 are above their 20-day moving average.…
For almost a year, seven of the world’s most important companies went nowhere. That sounds strange because we constantly hear about Alphabet (GOOGL), Amazon (AMZN), Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA). They’re called the Magnificent…
Something doesn’t add up. According to the latest AAII Sentiment Survey, 53% of individual investors expect stocks to fall over the next six months. Only 28% expect them to rise. You have to go all the way back to the…
Someone close to me came to me the other day with a question. She works in our business, but she didn’t come from our business. She wasn’t a trader. She wasn’t a portfolio manager. She didn’t spend 20 years on…
Everybody’s talking about how much money’s being spent on artificial intelligence. And they’re right. It’s a ridiculous amount of money. More than $1 trillion has already been spent since 2024 building the infrastructure for AI. That spend spans computer chips,…
Bitcoin is sitting around $75,000. That’s a long way from its highs. There are people sitting on enormous profits. There are other people sitting on painful losses. You’d think somebody would be doing something. The people who bought Bitcoin at…
A week ago, the market wasn’t even sure the Federal Reserve was going to raise interest rates. The odds were only around 55% to 60%. Now they’re well over 90%. So unless something changes between now and Wednesday afternoon, the…
Nike (NKE) is getting absolutely destroyed. In November 2021, the stock traded as high as $179.10. On Friday, it closed at $37.08. That’s a 79% collapse. If you put $100 into NKE near the top, you’d have about $21 left…
People can say whatever they want. But there’s a big difference between saying you’re worried and actually positioning your money like you’re worried. I’d rather watch the money. Especially when we’re talking about the biggest financial institutions in the world.…
You might be surprised how much of what we do in markets today was figured out before anyone had a computer. Before Twitter. Before Bloomberg terminals. Before ETFs. Before Bitcoin. Even before your grandparents were born. More than 125 years…
