Good Reports From Google, Texas Instruments Not Attracting Buyers
The news is hitting and there is some knee-jerk selling.
The news is hitting and there is some knee-jerk selling.
Some energetic bounces are raising the stakes for significant earnings set for the near future.
The action quickly turned dreary as there has been no rush into stocks despite sharp pullbacks.
There can’t be much upside left.
There is deep corrective action taking place in parts of the market but there also is strong rotational action.
Technology gets hit with the ugly stick, oil prices rise on renewed fighting, and the view on Main St. looks mean. Also, how to cool a runaway machine gun….
Inflation and interest rates drove poor action but things are even worse than they appear.
Small business bankruptcy filings are spiking, more cracks are forming in the housing market … and eventually something’s gotta give.
The SK Hynix IPO performed fairly well but sustained momentum will be difficult.
Even as semiconductors continue to power the market higher, chip makers face a $1 trillion question.