When prices are rising (as they are today) in a bear market — all too often sentiment will shift prematurely. It’s called a bear-market trap. And I think this is what we are seeing…
Risk On? Or Classic Bear Trap?
The S&P 500 is up 14% from its June lows. But from mine, this is still a bear market rally. The Fed is far from done.
Big Tech Q2 Earnings: Mixed Bag (So Far)
The market exhaled post Q2 earnings from MSFT and GOOG. In short, demand is not falling off a cliff. To be clear, earnings were not great… but they still both posted double-digit top line growth in a tough environment.
Walmart Cuts Earnings b/w 11% – 13%
Add Walmart to the growing list of names slashing guidance. But this one is notable… especially given their read-through on the average consumer. What did we learn from the US’ largest physical retailer.
For a full list of posts from 2017…