AI Alarm Rattles the Cages as a Big Fed Decision Awaits
Amid dystopian worries and calls for a slowdown, AI leaders speak out. Oh, and we’ve got some other stuff happening too.
Trimming 2 Disappointments, Eyeing 4 Buys
Here’s our trading plan for Friday and updates on key holdings.
A Day I Wish I Could Forget
It’s been twenty-five years since 9/11, but that doesn’t make it any easier thinking about that painful day.
AeroVironment at a Crossroads After Impressive Earnings
The defense contractor turned some heads on Wall Street with surprising results.
I’m Snapping Up More SoFi, Two More Stocks
$10K Portfolio holding SoFi gets an analyst boost, and I’m snagging more shares. Also, two more trades planned for today.
Bessent’s Big ‘Bazooka’ Not Big Enough, Trump’s $5G Promise, Debt Woes
Let’s see why the $6B repurchase plan let down investors and bond traders, check the math on Trump’s $5G ‘dividend’ promise, and … a Nvidia probe.
Two Down, Two to Go
Wednesday was another tough day up and down Wall Street. Crude oil was up almost 4%. Treasury yields continued to rise. Oh, and equities ended up getting slapped around a bit.
The S&P 500 gave back 0.48% for the regular session while the Nasdaq Composite surrendered 0.64%. Yes, yields still went the wrong way despite the fact that the U.S. Treasury Department announced that it would triple its liquidity stability program buyback operation to $6 billion worth of 10-Year to 20-Year bonds.
This move followed the Treasury’s announcement last month that it was going to at least double those repurchases.
Energy ($XLE), for obvious reasons, was the only S&P sector to show gains on Wednesday as the Industrials ($XLI) led 10 sector SPDR ETFs into the red. Datadog ($DDOG) and Meta Platforms ($META) were the top performers in the S&P 500 for the day. The downside was led by Casey’s General Stores ($CASY). That stock was pummeled for a loss of 14.2%.
Two down, two to go. Dougie is still off tomorrow, but I will not be your tour guide. One of my colleagues will be at the helm.
I wish you all a peaceful evening. It has been a pleasure to work with you these past two days, as it always is. May God guide you and hold you until we meet again.
Sarge
Position: None
Baseball Trivia Answer
Q) Since divisional play began (1969) only two Major League pitchers have thrown as many as 15 complete games and still failed to win 10 games. Name them.
1) Clyde Wright of the 1974 Milwaukee Brewers went 9-20, while completing 15 of 32 starts.
2) Rich “Goose” Gossage of the Chicago White Sox went 9-17 while completing 15 of 29 starts.
Position: None
Baseball Trivia
Since divisional play began (1969) only two Major League pitchers have thrown as many as 15 complete games and still failed to win 10 games.
Name them.