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There are three reasons why the market rallied today, and two of them will shock you. Just kidding, it’s the Fed. Wall Street’s Usual Suspects; Royal Drugs and Wireless Bugs June 16, 2020 by Joseph Hargett Great Stuff The Usual Suspects The market’s usual suspects are at it again. I’ll let you argue over who’s Mr. Pink, Mr. Brown, et cetera. There are three reasons why the market rallied today: coronavirus news, economic data and the Federal Reserve. The biggest of these, naturally, is the Federal Reserve. Yesterday, Fed Chairman Jerome Powell announced […]
Forget bulls and bears — this is the kangaroo market, and you need to beware. It’s not just market volatility that we’re talking about there… Kangaroo Market; A Pilgrim’s Shame; The Shop-Mart Gang June 15, 2020 by Joseph Hargett Great Stuff The Kangaroo Market According to Merriam-Webster, a kangaroo court is “a mock court in which the principles of law and justice are disregarded or perverted.” Now, you’ve heard of kangaroo courts before, right? But have you ever heard of a kangaroo market? On Friday, Berenberg Capital Markets analyst Jonathan Stubbs forwent the usual “bull” or […]
I don’t know where the market’s going. But I sure know where it’s been. Great Stuff will give you the strength to carry on. Market Volatility, It Hertz; Vaccine Hero; Sony’s Disc-Less Wonder June 12, 2020 by Joseph Hargett Great Stuff Friday Four Play: The “Here We Go Again” Edition I don’t know where the market’s going. But I sure know where it’s been. Trading on the promises in songs of yesterday. But Great Stuff has made up its mind. We’re not wasting no more time. Yesterday’s market sell-off was a volatility wake-up call. An acknowledgement […]
The Fed just pulled back the curtain on the U.S. economy, and Wall Street didn’t like what it saw. Remember, market volatility is a double-edged sword. When Market Feels Fail; Readers Talk Tesla June 11, 2020 by Joseph Hargett Great Stuff Feel Good Inc. The city’s breaking down on a camel’s back. They just have to go ‘cause they don’t know whack. — “Feel Good Inc.”, Gorillaz. What changed? I woke up this morning to a Dow futures fire sale — down 900 points. When Wall Street finally opened, the market was deep in the red […]
Drama builds in the electric-vehicle market as Tesla and Nikola go head to head, while Ford jaunts off to Germany with Volkswagen. Nikola Vs. Tesla; Uber Out; GameStopped June 10, 2020 by Joseph Hargett Great Stuff The EV Soap Opera Drama Like sands through the hourglass, so are the days of electric-vehicle (EV) lives! In yesterday’s episode of EV Days, upstart Nikola Corp. (Nasdaq: NKLA) tried to take advantage of a weakened Tesla Inc. (Nasdaq: TSLA). While Tesla still recuperated in a hospital bed from a nasty virus, Nikola announced that […]

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