— Chinese economic softening gaining prominence as a reason for caution (maybe fear) — “Nvidia Beats Big, and Powell Doesn’t Rock the Boat. Why That’s Ominous for Stocks.” — Fear, distrust and skepticism — The key ingredients China Contagion — plus What About Taiwan? Chinese GDP growth in the first half of 2023 was 6.3% (year-over-year). In 2022,…
Tag: Barron’s
The Dangers Of Falling Prey To VIX-ation
— VIX-ation defined — “The Stock Market Is Falling. Why It’s Time to Get Happy,” … makes perfect sense — Changing investor mindsets: human nature often leads us in the wrong direction — I am Kort Sessions with over 53 years of investment experience–42 as an investment professional. My aim is to provide real life perspective and context…
The week that was: ‘The more things change, the more they stay the same’
— A meaningless rating cut by Fitch gives the market an excuse to take a rest — Media and Fed chatter try to bring the bulls back to earth — Should we worry? (An alternative answer) Fitch US Treasury debt downgrade gives market an excuse to rest tent of the As many of you already know Nikola Swann, analyst with…
Debt Ceiling: The Great Distraction
— The debt ceiling, a tempest in a teapot, will be addressed. — The media frenzy surrounding the DC distracts from important progress on other issues. — Accentuating the positives! The Tempest In a Teapot What I’m about to discuss should not be construed as an endorsement of our current national debt position (about $31…
Flights to Safety: Treasuries, Gold, Nasdaq (?) and Bitcoin (?)
— What’s up with this foursome? Treasuries and gold maybe, but Nasdaq and Bitcoin do not compute. — Historically gold is not a glistening investment — We have seen the infatuation with tech before and it has not ended well. — Bad recollections of the demises of the ‘Nifty Fifty’ or the Covid Playbook … SELL ECONOMICALLY SENSITIVE, BUY…
“Bank turmoil isn’t over” –Maybe
— The narrative exists that we are not out of the woods yet on our banking problems. — That seemed to be top of mind for investors selling stocks on the heels of today’s 1/4 point bump in the Fed funds rate. — In this skittish environment do nothing with rates — my sentiment exactly…
The real “Doctor Doom” is back and he’s gloomy
Who is the real “Doctor Doom?” Why, it is none other than Henry Kaufman, former chief economist at Salomon Brothers, after a long repose out of the limelight. Not only is he back, but he is loaded for bear … he ” … Sees Danger in the Markets and Economy.” (you need WSJ or Barron’s…
“Investors Are Gorging on Hyper-Bullishness as Turkey Day Nears”
— New concerns are raised over a big jump in investor sentiment— Both the Investors Intelligence and AAII surveys show moves to levels well above historical averages— The Media flashes caution signs, as usual, without perspective …— I still contend we are in the midst of secular bull market. Ignore the noise Okay, my title…
“If the ‘big Five’ Tech Stocks Falter, They’ll Take the Rest of the Stock Market down with Them”
Barron’s does it again Better yet I should say Barron’s columnist Randall Forsyth does it again. What a fetching headline. ‘If it bleeds it leads. Mr. Forsyth, have you no shame? The FAAMG stocks (Facebook, Apple, Amazon, Microsoft and Google — for some reason Netflix did not make the cut) had all the right stuff…
“What were you thinking?”
As it pertains to the current market, I’m not certain what is going on in the heads of many investors as they continue to direct a fire hose full of dollars into a very narrow group of tech and internet stocks. For example the current market capitalization (7/13/2020) of Apple (AAPL — $1.663 trillion) plus…