As technology continues to grow, the availability of information and research has become more easily accessible. For some investors, it has raised the question of ‘why managed money?’
Another week. The rally continues for U.S. stocks, and I think that it can go further if the S&P 500 breaks through technical resistance at 3,000.
If you read this blog, you know that I’ve been waiting for the major tech companies that I cover to announce their March quarter earnings. For the “FAANGs,” which includes Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX), and Google (GOOGL), and to which I’d add Microsoft (MSFT) to this group of tech titans
This week, we’re in the teeth of the earnings announcements for the quarter ended March 31. So far, stock price reaction has been muted even for miserable reports and weak guidance for the June period and beyond.
The Fed acknowledged early in 2019 that they would not raise rates any more, (they were on hold) in 2019, then proceeded to cut rates three times. The Quant models looked at that as a positive when, in reality, it was just a trading algorithm factor.
Next week, the week of April 27, most of my covered technology companies report their financial results for the latest quarter. During these announcements, some firms will provide outlooks, or at least try to, for 2020.
In my last post, I wrote about how I am waiting for companies to “confess” their actual coronavirus impacts before reinvesting in this market in any meaningful way. I know from experience and historical evidence backs me up, that stocks cannot consistently rise until Wall Street sales and earnings estimates for covered companies have been … Continue Reading
Here is our next installment of the weekly market updates during the COVID-19 Pandemic. On this call we have Chartered Financial Analyst John Thur, Charted Financial Analyst Paul Meeks, CIO Dan Neiman, Dave Mariacher, Mike Lomas, and Glenn Wiggle. This call centers around updates in the market and where the market is heading in the … Continue Reading
Mike Lomas is on WBEN 930 AM talking about the markets and what he thinks the market will see in the near future.
It was an awful quarter for the financial markets, but, of course, that’s less important than the toll that the coronavirus has taken on lives worldwide. The S&P 500, the bellwether for U.S. stocks, was -20%, although it had been -35% from its high on February 19 to its low on March 23. History-making stuff. … Continue Reading