High Above the Alps
He’s back, my old friend, The Gnome of Zurich.
I have no idea whether this is true, but high above the Alps, The Gnome is telling me that Maria Bartiromo has left Fox Business.
Position: None
Buying More of This Semi-Cap Play on Tightening Industry Capacity
Tight capacity levels bode well for orders and favorable pricing, bringing nice operating leverage.
More Nuggets on Gold
Several subscribers asked about my interest in gold this week.
From my pal Vitaliy Katsenelson:
Depressing Reasons Why I Am Bullish On Gold
Position: None
Prospective Snowflake Price Target as Shares Pop on Earnings
The AI data cloud firm is enjoying a nice reaction to its earnings report.
Late Morning Market Data
Breadth
S&P 500 Sectors
% Movers
Heat Maps
Position: None
We’re Adding to This Position and Upgrading Our Rating
Truck orders continue to surge, pointing to big-time operating leverage at the company.
I’ll Take These Shorts in a Large
I have moved to large-sized short $SPY (at $771.80).
Position: Short SPY common (L), calls (S)
How (and Why) I’m Powering Through This Tiny Trade
As we watch the market action after a Fed comment boosted morning trading, let me show you how I am actively trading a lower-priced spec name.
ISM Services PMI Points to Greater Inflation Pressure
Other August Service PMI data was good for GDP forecasts, but that wasn’t the case for job creation.