The Nvidia Earnings Train Keeps On Rolling
Once again, Nvidia continues to see its earnings and revenues grow at astonishing rates. Consider the following: As we noted, data center revenue is driving Nvidia’s fantastic earnings and revenue growth. Helping maintain this growth is its Blackwell GPU architecture. […]
As The Fed Turns: The Soap Opera Grows More Intriguing
President Trump fired Fed Governor Lisa Cook for cause. The President claims, There is sufficient reason to believe you may have made false statements on one or more mortgage agreements. This is the first time in the 112-year history of […]
Smart Money Loves Healthcare: But Are They Now Dumb?
We have written a few Commentaries over the last year describing how retail, not institutional, investors are driving markets higher. To wit, there is ample evidence that with each market dip, retail investors are not selling, instead buying unrelentingly. In […]
Gold Miners Are Benefitting From The Speculative Boom
As we noted in a recent article entitled The High Beta Melt Up: Echoes of 1999, there has been a notable change in investor preferences since the April lows. To wit: “What we do know is that, starting from the […]
Balance Of Risks Allows Powell To Pivot
“Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” That key line from Chairman Powell’s opening speech at the Fed’s Jackson Hole symposium effectively summarizes Powell’s view on […]
Significant Rotations Hidden By Calm Markets
The market seas are calm, but beneath the surface, there is some intense churning, or in market terminology, significant stock rotations. Over the last week, the Dow, S&P 500, and Nasdaq were relatively flat. Such gives the appearance of a […]
OPEX Overload: How 3 Trillion In Expirations Can Move Markets
Nearly $3 trillion of notional stock options expire on Friday’s open expiration (OPEX day). Over half of the OPEX volume is in S&P 500 options, with the remainder in single stock options. The graph below provides details on the split […]
Homebuilders Are Pessimistic But Buffett Likes Them
In Warren Buffettโs Berkshire Hathaway’s latest SEC disclosures, the company reported buying a nearly $1 billion stake in homebuilders Lennar (LEN) and D.R. Horton (DHI). The purchases signal anticipation of a housing market rebound, possibly piqued by the possibility of […]
Will Powell Turn Dovish In Jackson Hole?
The Jackson Hole Economic Symposium, hosted by the Federal Reserve Bank of Kansas City, is an annual event in which central bankers from the Fed and around the world gather with policymakers, economists, and financial market participants to discuss economic […]