Traders came back from the Labor Day weekend with selling on their minds… As you surely know, the markets took a big hit last week. From its Friday, August 30 close before the long weekend to this past Friday’s close, the S&P 500 Index fell more than 4%. Sure, September is historically the cruelest month …
High Volatility Doesn’t Mean the End of the Bull Market Read More »
Most folks would never think of cash as a problem… But in a climbing market, it is. That’s especially true for asset managers. They don’t get paid to sit on piles of cash. They’re supposed to put that money to work. But right now, the legendary Warren Buffett’s Berkshire Hathaway (BRK-B) has a cash problem. …
As you likely know, it has been a brutal two years for U.S. housing… But the current downturn isn’t surprising. It’s a result of the boom that started in 2020. When the Federal Reserve slashed interest rates to near zero, it triggered a temporary housing boom. By late 2020, homes sales soared to more than …
Investors are still reeling from the mayhem last week… The Bank of Japan (“BoJ”) caused financial chaos as it unexpectedly raised its prime lending rate… and then walked back the prospect of future rate hikes. Last Monday, the country’s stock market suffered its worst single-day decline in 37 years. Just one day later, it saw …
Imagine that thousands of feet above the ground, America’s most advanced fighter jet is in trouble… The F-35 Lightning II’s sensors have detected an incoming missile. The pilot deploys the plane’s main countermeasure… A “towed decoy” drops out of a hatch near the back of the jet. It looks like a small missile that drags …
July has been a wild ride… Stocks started off strong – with the S&P 500 Index hitting a fresh all-time high on July 16. Since then, it has dropped roughly 4% in less than two weeks. The decline is even more striking in the tech-heavy Nasdaq 100 Index. It’s down about 8% from its peak …
Computers store data. They always have and always will. But the Internet made a massive change. That’s when the world realized data could be easily stored, retrieved, and even processed remotely. And when you visit a website on a computer or open an app on your smartphone, you’re seeing data retrieved from a different computer …
The New Age of Computing Means We Need More Power Read More »
Folks, there’s no question that the past month was dramatic… Election coverage dominated the news. The political horse race marched on. But then, the unthinkable happened. At a Republican rally in Butler, Pennsylvania, a young man climbed up onto the roof of a nearby building. And he managed to shoot at former President Donald Trump. …
This ‘National Distraction’ Is About as Distracting as It Gets Read More »
After 52 thefts and $30,000 worth of stolen goods, the cops finally got Michael Lee… Lee is accused of shoplifting from 11 different Target (TGT) stores. And just a few weeks ago, police arrested him outside a Target in southern Maryland during a reported “theft in progress.” Now, it’s an ongoing investigation. And I can’t …
The broad-market S&P 500 Index posted a series of new all-time highs over the past month… Yesterday, the index closed at nearly 5,634 Now, the S&P 500 is up about 18% this year. And the tech-heavy Nasdaq 100 Index is up even more. So far in 2024, it has posted a roughly 23% gain. But …
