Feeling Like It’s 2007 All Over Again
At a time of serious economic and geopolitical risks, including growing fears of an AI bubble, the equity risk ‘premium’ is now in negative territory.
A Thin Margin For Error Ahead of the FOMC
Equities fall for 6th time in 7 sessions bringing key downside levels closer as breadth deteriorates, oil approaches 4-year highs and long-term yields hit the highest in nearly two decades
US Equity Markets Bend But Don’t Break
A toxic mix of a potential slowing in AI spending, rising oil prices, and increased Fed rate hike bets see markets fall, but they end well off the lows.
Stocks Snap Four-Day Skid Despite Hot CPI, Attention Turns to the FOMC
US equities see broad gains led by megacaps despite markets locking in a September rate hike with at least two more priced over the next year.
Oil and Yields Drive Equity Losses for a Fourth Session
Another leg higher in oil, on top of a firm inflation backdrop, lifted Treasury yields to multi-year highs, hardening Fed rate-hike bets into next week’s meeting, and driving a fourth straight day of equity losses.
Oil and Yields Squeeze Stocks for a Third Straight Day
My even market wrap-up is a summary of everything you should know for successful trading.
Wall Street Has 2 New Favorite Phrases. I’m Not Buying Either One.
These catchphrases have certainly caught on in the past week. But do they hold water for what’s happening now — or are they just annoying?
Caution Ahead: Credit Markets Flash Yellow
As AI enters its mania stage, my focus is on deteriorating credit and debt markets and rising yields.
The Semis/Tech Trade Finally Sees a Change
On Thursday, folks discovered the semis are still the sort of stocks they like.
Wall Street Looks a Bit Too Much Like Las Vegas for My Taste
The wild AI trade and crazy moves in the semiconductors — along with the action in the credit markets — make me ask, is this investing or gambling?