I love it when the Power Gauge produces surprising results… And folks, that’s exactly what we’re seeing today. You see, one specific sector is hated in a high-interest-rate environment. If you don’t know it immediately, it’ll be obvious as soon as I mention it… Real estate. After all, higher rates mean higher payments on property …
Get to Know the Top Subsector in the Power Gauge Today Read More »
The market just keeps dodging everything thrown at it… Economists and fundamental analysts continue to debate the state of the economy. And strategists are arguing whether we’ll endure a hard or soft landing. These so-called market experts’ persistent fears of a recession have kept many folks on the sidelines since the October 2022 lows. Meanwhile, …
Yet another bank just fell… By now, I’m sure you’ve seen the news about First Republic Bank. It had roughly $229 billion in total assets before megabank JPMorgan Chase (JPM) acquired it this week. That makes it the second-largest bank failure in U.S. history. My colleague Pete Carmasino covered First Republic’s fall in the April …
The market looks very different today than it did just a few months ago… The broad market S&P 500 Index is firmly above its long-term trend line. And the same thing is true about the tech-heavy Nasdaq Composite Index. But retail investors aren’t buying it. They’re panicking out of stocks and into cash. Seriously… We …
Folks, we’re in the thick of earnings season… Investors were expecting a bloodbath. After all, many experts believe we’re on the edge of a recession. Well, the results are starting to come in… Roughly 235 companies in the S&P 500 Index had reported their results in this earnings cycle through Thursday. And they beat expectations …
Don’t Let the Invisible Bloodbath Cloud Your Vision Read More »
Everyone always wants to cut out the middleman… Going straight to the source seems much faster. After all, it involves fewer people. But when it comes to the global economy… middlemen are critical. The economy involves too many moving parts. It’s too complex to go straight to the source. Think back to the COVID-19 pandemic… …
The Economy’s Middlemen Earn a ‘Bullish’ Rating Today Read More »
Regular readers know I love technical analysis… For one thing, it forces folks like us to look outside ourselves and avoid getting emotional. It’s easy to get “stuck” as an investor… The same ideas crop up again and again. So we’re often blinded to novelty. Now, I’m not against doing what works. But sometimes, “what …
When I started working on Wall Street, we hadn’t yet landed on the moon… Now, the U.S. government is planning to spend a ton of money on space lasers. No kidding… The White House released its 2024 defense budget request last month. And in the proposal, it earmarked roughly $30 billion for the sixth branch …
The Power Gauge Sees Potential in $30 Billion Space Lasers Read More »
As a lifelong practitioner of technical analysis… I’ve heard all the rebuttals. Some folks don’t like “magic patterns.” Others insist that history has no bearing on today’s market. And I’ve already shared one of the earliest rebuttals with Chaikin PowerFeed readers… Early in my career, the branch manager at my then-employer banned charts altogether. No …
By 2010, the market was well into its recovery… The benchmark S&P 500 Index bottomed all the way back in March 2009. It was up more than 75% by late April 2010. And the economy was clearly moving on to its next chapter as well… The Federal Reserve was busy holding interest rates near record …
The Power Gauge’s Top Sector Still Scares Many Investors Today Read More »
