Apple, Amazon, Microsoft and Google have all been crushed post earnings. Apple is the ‘best’ performer – down approx 13% the past two weeks. What’s next for large cap tech? I see more downside… and this post explains why.
Powell: ‘A Long Way to Go’
No pause. No pivot. It’s enough to make “doves cry”. However, Fed said there will be a time when they will slow down rate hikes. But we’re not there yet… expect rates to be higher than previously expected.
More Tricks than Treats?
The market is up around 11% from its recent lows. Its rallying on the hope of a dovish Fed. My advice is tread carefully… you might get ‘tricked’ rather than ‘treated’ this Halloween. The upside does not handily outweigh the downside risks. Bear markets are known to do just that…
Does the Bullish Case Hold Water?
Markets tried hard to rally this week – but was met with strong selling. I lay out both the bullish and bearish case… where I favor lower prices with a S&P 500 target of 3200
For a full list of posts from 2017…