Biden’s Plan for Re-election
Hey There Income Hunter, It’s game-on, folks. I bet President Biden throws a hissy fit at home this weekend over the high producer price index number that came in this week. In fact, he’s so ticked about what he’s paying to fill his 1967 Corvette, that he’s selling the US emergency oil […]
ROKU Earnings Beat … Is it a Buy?
Hey Traders, Roku, Inc. (Ticker: ROKU) is a top streaming platform in the U.S. and just reported an increase of 23% in hours of content streamed (23.9 billion). Number of active accounts jumped 16% to 70M, and average revenue per user increased year-over-year, by 2% to $41.68. That’s the good news. The not so good […]
White House in Post-CPI Desperation Mode
Hey There Income Hunter, Yesterday’s CPI report did not give Biden what he was hoping for … The administration needs the deceleration in inflation to pick up speed. Check out the chart below showing Biden’s approval rating in relation to the CPI … With China's reopening building momentum and increased […]
Panic Has Set In (Be Prepared)
Hey There Income Hunter, The much stronger jobs report this month plus new remarks from the Fed and Treasury have set up a “Big Flip” narrative that suggests labor inflation is entrenched. This narrative has investors believing that sticky inflation will force the dollar and interest rates higher and the Fed will continue to raise […]
VIX Erupts … Here Is How To Trade It
Hey There Income Hunter, Fear is back, baby!And the bears are attempting to come out of hibernation. This is a critical pivot area in the market and a mistake in positioning here could be costly. Longer-term the bulls are still in control, but yesterday’s VIX eruption signaled interest in buying protection. That means buying puts […]
Shine Comes Off Disney Earnings [Pit Report]
It was an excellent earnings beat by Disney on Wednesday … Revenues: $23.51 billion vs $23.39 billion EPS: $.99 vs $.74 It was an excellent earnings beat by Disney on Wednesday … Revenues: $23.51 billion vs $23.39 billion EPS: $.99 vs $.74 The negative was the streaming business, which lost $1.1 […]
You Won’t Believe This
Hey There Income Hunter, I’ve noted previously that Jerome Powell has been stretching the truth with some of his statements about financial conditions, CPI and even payrolls data. (More on all that here.) Well, I guess Janet Yellen felt left out, because she made a statement this week that was just 100% incorrect […]
C’mon, J-Pow!
Hey There Income Hunter, The most incredible statement Jerome Powell made last week was that financial conditions have been tightening quite a bit. Right after Powell’s comments on Wednesday, economist Mohamed El-Arian tweeted this … Now, Powell is no dummy. He has to know that financial conditions have factually been loosening […]
Can’t Keep a Bad Market Down
Hey There Income Hunter, Friday’s pre-market headlines went something like this … Apple (Ticker: AAPL), Alphabet (Ticker: GOOGL) and Amazon (Ticker: AMZN) Report Disappointing Earnings And they were very disappointing, with all shares down around 4% post-earnings. Next we got a black swan (three standard deviation move) payrolls report, with payrolls rising […]
Can’t Keep A Bad Market Down
Hey There Income Hunter, Friday’s pre-market headlines went something like this … Apple (Ticker: AAPL), Alphabet (Ticker: GOOGL) and Amazon (Ticker: AMZN) Report Disappointing Earnings And they were very disappointing, with all shares down around 4% post-earnings. Next we got a black swan (three standard deviation move) payrolls report, with payrolls rising 517,000k versus 188,000. […]