Stock Market Today 2-20-24

// The Market This 5,000 smells like THAT 5,000. Last week the market gave us a divergence. The Nasdaq made a lower high as the S&P 500 tested fresh levels. At the same time the world-beating #SMCI stock reversed lower into a 200 dollar decline. It’s always fascinated me how meaningful “psychological numbers” attract stocks…

Stock Market Today 2-16-24

// The Market The everlasting gobstopper of a market keeps on rolling. The amazing part? It doesn’t resemble anything like a mania or bubble. The market just pushes higher with sellers nowhere in sight. Maybe we do learn a thing or two from the past. I’m not hearing anyone saying this can’t stop. I’m not…

Stock Market Today 2-15-24

// The Market Artificial intelligence continues to drive the stock market as a small handful of stocks carry the load. #SMCI rallied 180 percent in less than 20 days. The perception of gains has distorted in a way not seen since 1999.  Sam Altman of ChatGPT supposedly is seeking to raise seven TRILLION dollars to…

The Market 2-14-24

// The Market Stocks got hit hard yesterday because the CPI, Consumer Price Index came in stronger than expected. There’s that word again. Expected. The market rocketed higher for fifteen weeks expecting the Fed to cut interest rates sooner and six times. Yesterday’s news pushed out that expectation. But let’s keep things in perspective. The…

The Market 2-13-24

// The Market This is something you ought to know.  This is about when good can be bad. The stock market does not trade on numbers alone. It moves based on expectations. Have you ever wondered why a stock goes up after reporting numbers lower than a previous quarter? It’s because it was a better…