After Zero Growth Last Year, 11% Earnings Growth This Year Is Not Enough
Table of Contents:
1) The broad stock market’s reaction to NVDA’s earnings was not what the bulls wanted to see.
1a) Despite the main narrative on Wall Street says, the earnings picture needs to be much stronger.
2) Don’t just look at the US Treasury market. Japan’s JGB should be a concern as well.
3) Atlanta Fed President Bostic sent an extremely important message to investors last week.
4) Victory lap on commodities. (Most will probably see some more near-term weakness.)
5) Update on charts of the S&P 500, the NDX Nasdaq 100, and the Russell 2000.
6) The truckers and the rails are seeing some significant cracks in their charts.
7) The cracks in the consumer are finally showing up in the consumer stocks.
8) It’s incredible how investors are so complacent about today’s geopolitical issues.
9) Memorial Day…..Also, why “Saving Private Ryan” is such a great movie.
10) Summary of our current stance.