News: U.S. GDP fell 1.4% in the first quarter according to the “advance estimate” from the Department of Commerce. The contraction came as a surprise with most estimates expecting a gain of ~1%. The economic contraction is the first since the beginning of the pandemic. The market’s had little reaction to the news as the …
News: Markets gapped up yesterday morning rising ~1.5% intraday only to give up most of the gains and close mixed, near flat… Earnings season continues to deliver winners like Microsoft (MSFT) +4.8%, Visa (V)+6.5%, and T-Mobile (TMUS) +3.9%. And also losers like Alphabet (GOOG) -3.8% and Boeing (BA) -7.5%. I’m watching what could be a …
News: Markets entered freefall yesterday as the Nasdaq led the collapse falling 4% to its lowest point of the year. Year to date figures are as follows: Dow Jones Industrial Average -8.5% YTD S&P 500 -12.4% YTD Russell 2000 -15.8% YTD Nasdaq Composite -20.2% YTD Tesla (TSLA^) fell more than 12% as investors’ concern about …
News: Markets swung more than 2% yesterday. The S&P 500 traded as low as -1.7% before rebounding and closing at +0.6%. The Nasdaq performed the best gaining +1.3% on the day.. The big story of the day was Twitter (TWTR^). The board reached an agreement with Elon musk to sell the company for $54.20 per …
4/26/22 Market Bounce, Twitter, Energy, & Crypto Read More »
News: Despite all the bullish indicators in play on Friday the markets tanked. The financial media has laid the blame at the feet of Fed Chair Powell. During a discussion hosted by the IMF, he said, “it is appropriate in my view to be moving a little more quickly.” The market interpreted this as a …
4/25/22 Twitter’s For Sale, France is Calm, & Powell Read More »
News: Yesterday markets failed to follow up on Wednesday’s gains. After gapping up the indexes faded all day long. Elon Musk still wants to buy Twitter (TWTR^). In a filing released yesterday, he announced financing “commitment[s] … to provide … approximately $46.5 billion” for his take-over bid. The board still doesn’t seem interested but users …
News: Markets were mixed yesterday. The Dow gained 0.7% while the Nasdaq lost 1.2%. The Nasdaq was dragged down by Netflix (NFLX) which fell 35%, losing about $50 billion in market cap, after disappointing earnings. Many big investors lost a lot of money as a result. Bill Ackman’s Pershing Square and the State of California …
News: Markets rallied all day yesterday and closed near the highs of the day. In short, the bulls had a good showing. After the close, the picture changed as Netflix (NFLX) reported earnings and its subscriber count decreased for the first time in about 10 years. Shares cratered in after-hours trading. At writing shares are …
News: Russia’s war in Ukraine is almost two months old. And Russian forces have been unable to take control of the capital Kyiv. Reports from inside Ukraine suggest that the invading force has turned its attention to the east and is focusing its efforts on a region called Donbas. Since the war began Russia has …
News: Markets failed to make any gains on Thursday ahead of the long weekend. The Nasdaq led the way lower with a decline of 2+%. The Dow gave up the least falling just 0.3%. With Easter behind us, futures are drifting lower but not a significant amount. Besides the Elon Musk / Twitter (TWTR) drama …
