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Wealth 101
April 26, 2024
Nothing artificial about AI contributing to earnings
Stocks fell yesterday because there was literally no good news to be found in a sea of worry. Well, maybe there was some good news, but it would have taken too much imagination to convert it to gains.
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April 25, 2024
Meta reminds investors that AI costs money
Stocks had a mixed closed in an up-down day as anxious traders awaited big tech earnings and an eco-release storm. Meta asks investors to have faith.
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April 24, 2024
Tesla electrifies traders with promises of a cheap car… soon
Stocks rallied for a second straight day, propped up by upbeat earnings. Manufacturing and services PMIs stalled in the US according to the latest flash releases – both are on the brink of contraction.
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April 23, 2024
Red paint from Sherwin-Williams
Equities rallied yesterday as investors finally got up the courage to buy stocks on sale. Corporate earnings are rolling in, and so far, so good, but we have a long, long way to go.
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April 22, 2024
What to expect when you are… reflecting
Stocks had a mixed close on Friday with tech leaving the field dejected, because stocks also go down sometimes 😉. Three weeks of declines for the S&P500 leaves investors in the lurch, wondering if earnings can be the ointment needed to ease the pain.
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April 19, 2024
Tensions tensing
Stocks suffered another weaker session, with a marginally mixed close. Early gains could just not stick and all attempts at recovery were thwarted – a sign of technical weakness.
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April 18, 2024
Homebuilder DR Horton continues to enjoy pricing power in low inventory environment
Stocks had another rough session yesterday as traders come to grips with a Fed that is in no rush to make life easier. The Fed’s Beige Book was filled with stories of moderate growth, supporting both sides of the rate-cut debate.
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