The Mid-Term Election Race Is Heating Up, and So Is the Advertising Spend
Facebook and Google are positioned to profit amid the larger shift to digital advertising.
Meta Makes a Prediction: 8 Key Items Shaping the Stock Market Wednesday
FedEx and Cerebras underscore margin concerns, oil falls further, Google to join the Dow, and other headlines are moving stocks this morning.
Follow Up to My Opener
The sort of abysmal price action in $MSFT, $AMZN, $GOOGL and $META are EXACTLY the concerns I expressed in my market structure post.
I worry that today’s weakness in the precursor of a market structure event not similar to past disruptions:
The proliferation, popularity and acceptance of leverage products and portfolio concentration in quantitative strategies, margin debt, the options market and leveraged ETFs argue in favor of rising odds of another October 1987 (“Black Monday”) or a 2018 “Volmageddon” (or Vix Bloodbath) event.
Position: None
Tracking 21 Signals Across 10 of Our Investing Themes
Let’s scan through the headlines for the stories of the week that speak to our Pro Portfolio holdings.
U.S. and Iran Sign MOU: 8 Key Items Shaping the Stock Market Thursday
Triple witching, Apple to boost prices and other headlines are moving stocks this morning.
An MOU, an Evening Rally and Threatening Market Volatility and Industry Rotation
The signing of this memorandum of understanding (which I present without personal comment) has — once again — led to a rally in the futures overnight with S&P futures +65 handles and the Nasdaq +440 handles:
As noted (partially) in the Comments Section I was up throughout the night selling most of my trading longs discussed in my Diary, in addition to selling additional trading long rentals not discussed (too speculative for home gamers).
Stocks are beginning to move in integers and group rotation is conspicuous.
* The absolute and relative strength/overbought in semis and memory equities are growing more and more extreme — continuing this morning premarket.
* Financials are catching an amazing bid.
* But former leaders, Mag 7, are falling flat on their face with fundamental strategic and execution issues plaguing Microsoft ($MSFT) and Meta ($META).
I will try to get out an opener this morning which discusses the rising possibility of a market “event” owing to market structure.
Position: None
Tracking 26 Signals Across 11 of Our Portfolio Investment Themes
Let’s scan through the headlines for the stories of the week that speak to our Pro Portfolio holdings.
Weekly Roundup: Portfolio Maintains Lead as Select Holdings Do the Heavy Lifting
We added to three holdings and started a new position during a roller-coaster week for the market.
Here’s Our AMD Price Target as Top-Ranked Analyst Upgrades Stock
Amid the SpaceX hoopla, you may missed two of Wall Street’s best weighing in on the chip name. Plus, what to watch on the chart.