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The Nasdaq just hit an all-time high. Why not the Dow or the S&P 500? Why isn’t Wall Street’s old guard leading this Fed-fueled rally? The Future Is Now: Nasdaq Necks New Highs June 4, 2020 by Joseph Hargett Great Stuff Why the Nasdaq? Something astounding happened today, dear reader. The Nasdaq Composite just broke out to fresh all-time highs. You’re probably questioning why any part of the market is hitting all-time highs when weekly jobless claims and total unemployment figures still come in worse than expected. Or, for that matter, why stocks are rallying at […]
The U.S. Senate just passed a new $484 billion pandemic relief bill. I was just thinking that I wasn’t stimulated enough. Oilers Upset; Nothin’ Streamin’ but Debt April 22, 2020 by Joseph Hargett Great Stuff Much Ado About Nothing? For the past several days, Wall Street fretted over plunging oil prices. Well, Wall Street was concerned for a while … the financial media just decided it was finally time to take notice. In classic financial media form, however, it appears that the hype surrounding negative oil prices actually prompted a […]
As hopeful as you want to be … as hopeful as Wall Street wants to be … we aren't close to getting past the worst of the spread. 3.28 Million Lost; Micron Moves; Cheesecake Blues March 26, 2020 by Joseph Hargett Great Stuff Denial, Seems It Had to Come I warned you it was coming. I warned you it’d be bad. Relied on me to say it all. (Any Sevendust fans out there? No? Oh well…) Weekly jobless claims arrived today, and they were record-breaking. The U.S. Department of Labor reported that 3.28 million Americans filed for unemployment […]
The Fed’s emergency rate cut sent a message to Wall Street, but it’s not the message of hope that Fed Chair Jerome Powell thinks he sent. Powell Panics; AMD’s Frantic; Tesla Analysts Are Manic March 3, 2020 by Joseph Hargett Great Stuff Powell’s Panic at the Disco I originally wrote a nice Shakespearean Hamlet dissertation on “to buy, or not to buy?” in the current market environment. It was peppered with references, such as “suffering the slings and arrows of an uncertain market” and “taking up arms to go bargain-hunting in a sea of troubles.” It was […]
It was supposed to be a beautiful day in the neighborhood, but Wall Street was hoping for a little less “beautiful” on the jobs front. Jobs Amassing, Aurora’s Crashing, Uber’s Dashing February 7, 2020 by Joseph Hargett Great Stuff Friday Four Play: The “What Do You Mean, No Rate Cut?” Edition (Did a friend forward you this email? If so, you owe them big-time! Seriously, this is Great Stuff. We don’t take that title lightly. After you’ve thanked your friend profusely, why not sign up for yourself today? It’s mostly painless. I promise.) I […]

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