Archive
What the Fed Really Said
The week started on a tense note and ended somewhere between relaxation and relief. It’s all about the message the Federal Reserve issued, except what it said about interest rates. Don’t get me wrong, I’m happy to see interest rates go down in the absence of real inflation. After all, there’s no reason for the […]
With Apple Cooling and Netflix Cold, Roku Looks Unstoppable
My latest warning that Big Tech is hitting natural scaling limits hit a raw nerve with some die hard fans of Apple (NASDAQ:AAPL), especially in the wake of the most important product unveiling in years. Apple needed the keynote announcement to be a grand slam to really shake up the global technology landscape. At best […]
The Day that Eternally Transformed America and My Life
Our Lives Forever Changed Lieutenant Timothy Edward Coyne, the father of my children, is a heroic, courageous and patriotic decorated NYPD officer and truly the finest of New York’s finest. On September 11, 2001, Tim was assumed dead for many hours because he always started at 8:00 am working his lower Manhattan beat that spanned […]
Keep Your Eye on The Fed (And Baby FANG) As Trade Clouds Recede
Wall Street is finally starting to remember that it loves roller coasters more than it dreads uncertainty. After all, doubt always will be with us, but thrills are what make life in the market both fun and lucrative. And thrills are a product of stocks climbing big walls of worry, picking up power day after […]
Back to School: How To Survive Wall Street’s Coming Doldrums
Forget about selling in May and going away. If you’re the kind of person who tries to rotate in and out of the market, the next six weeks will probably test your patience, your nerve or both. After all, earnings season is formally over now. Just about every company on Wall Street has shared its […]
When Everyone Else’s Sell Signal Means “Buy”
This was the week everybody discovered the yield curve and how closely it’s linked to recession risk. I don’t know where these people were hiding over the past year. The middle of the curve started getting tight last August. Segments started inverting on Dec. 3. We discussed it at the time. A few weeks later, […]
FedEx Makes It Official: Amazon Isn’t the Partner It Wants
We saw the writing on the wall months ago, but now FedEx Corp. (NYSE:FDX) has confirmed that, as of Sept. 1, its trucks will no longer carry packages from Amazon.com Inc. (NASDAQ:AMZN). Evidently, some partnerships just aren’t worth the headache. While FDX will take a slight hit, the strategic rewards of letting Jeff Bezos concoct […]
The Fed Gives Unto Apple What the Trade War Takes Away
In many corners of Wall Street, Apple Inc. (NASDAQ:AAPL) has become a good, but slightly dull, stock because of the sheer amount of cash and controversy it takes to get a $900 billion behemoth moving. That’s why this week’s seven-percent surge and slide feels so unreal. One day’s rally created $50 billion in wealth for […]
The Nasdaq Will Lag While FANG Growth Drags
Now that Amazon.com Inc. (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOG) have reported their 2Q19 results, Big Tech looks closer than ever to hitting a collective wall. I don’t hate these companies or their smaller counterparts in the “FANG” group: Facebook Inc. (NASDAQ:FB) and Netflix Inc. (NASDAQ:NFLX). They provide essential services to hundreds of millions of people. […]
No Question: No Recession
It has been 10 years since the last economic contraction and a lot of investors feel like we’re living on borrowed time. As far as I can see, the only things they have to be afraid of are their own shadows. This isn’t just my native optimism talking or even the privilege of having a […]
