The Calm Before the Storm
Lull in fighting between U.S. and Iran to be followed by big earnings by Amazon, Microsoft, Meta, and an economic data deluge. Also, a defense shortage?
Lull in fighting between U.S. and Iran to be followed by big earnings by Amazon, Microsoft, Meta, and an economic data deluge. Also, a defense shortage?
Rather than rely on anecdotal evidence, let’s take a look at what matters, the indicators.
After an excellent quarter, Intel’s pullback creates a chance to rebuild a winning trade.
Tesla and Alphabet pulled the Nasdaq lower, while Treasury yields continued to climb.
The number of stocks setting new lows rises on the Nasdaq, while skyrocketing on the NYSE. Investors aren’t panicked, but they are showing concern.
The stock continues to perform poorly but is trying to find a bottom.
The defense giant is forcing managers to increase long-side exposure.
Locking in a nice double-digit gain and rebuilding cash along the way.
Two beaten-down names, Super Micro Computer and Strategy, are moving higher. But can the rallies continue?
Because it would help set the indicators up for a more reliable rally.