A Chill Blows Through Wall Street
Summer fun has ended as we enter a seasonally tough month, a potentially volatile October, uncertainty in Iran, and an escalating trade fight with Canada.
Something’s Not Working Out
When’s the last time you got a call from the Bureau of Labor Statistics? Let’s look at employment and why I kinda agree more with Christopher Waller than Kevin Warsh right now….
Tech vs Financials Ahead of Warsh’s Jackson Hole Speech
Tech ($XLK) vs. Financials ($XLF) at 9:56 a.m. ahead of Warsh’s Jackson Hole speech:
Position: None
Tech vs. Financials
Tech ($XLK) vs Financials ($XLF) at 9:56 AM:
Position: None
Tech vs. Financials
$XLK (Tech) vs. $XLF (Financials) at 2:30 PM:
Position: None
Economic Pain Planned for Iran, Sandisk Slips, Charting a Bit of Bearishness
Let’s take a deep dive into the U.S.’ latest strategy for the war on Iran, check the semiconductor action and chart the market.
Wednesday Afternoon Overview
Energy ($XLE) vs Financials ($XLF) ; Tech ($XLK) vs Consumer Discretionary ($XLY) as of 2:45 p.m.:
Who Wants to Believe in Iran Talks? (The Markets Do); Big Earnings; Yen Plan
Let’s look at how Trump holds off big attack on Iran and the markets look optimistic, a joint plan for the yen, and earnings on tap for this week.
The Meta Effect, Semis Surge, Wall Street Says, ‘What War?’
Markets brush off fighting with Iran as Meta talks about making its own AI chips; South Korea’s SK Hynix lists on Nasdaq; I give a chart checkup on the market.
War Returns, Semis Snap Back, Fed Frets Over … AI Inflation?
Let’s check the latest in the war on Iran, how SanDisk climbed along with the semiconductors, the Fed’s new concern … and, wow, the indirect bidders!