Japan’s Nikkei 225 (similar to the Dow Jones in that it is the most oft-quoted stock market barometer) had a monster run prior to its recent 15% correction (down 5% alone last night) but the attached chart indicates that the … Continued
Yesterday, we posted an ugly daily chart on the Dow Jones Utility Average. Today, we look at the “monthly” Utility chart, and note when the Fed raised rates historically, i.e. 1994 and 1999 – 2000. In 1994, the DJ Utility … Continued
Back in the 1990’s I would always hear portfolio managers talk about the correlation between interest rates and the utility averages, and this time is no exception, as the Dow Jones Utility Average has gotten crushed since April 30th, as … Continued
As the above chart indicates, FB remains locked in its recent trading range, after bottoming in the high teens in August, September, 2012. Fundamentally, the biggest issue (despite the headlines) is that FB has ratcheted up expense growth dramatically … Continued
It is Memorial Day weekend. Be sure and thank a veteran (particularly the Korean War and Vietnam vets, who didnt get near the public appreciation that WW II and today’s vets get), and remember Drexel Hamilton’s mission of providing a career … Continued
Fed Chirman Bernanke fired the first shot across the bow of the Wall Street, consumers and investors today with verbiage like “possibly” and “maybe” in terms of discussing plans about slowing or reversing the bond purchases currently employed under QE3. … Continued
We deliberately cut off the northwest corner of the chart that identifies the security name. This is an ETF representing a major asset class. My question to readers: would you buy or sell this security at this point in time ? … Continued
We have our first CNBC appearance on Monday morning, May 20th at 9:15 am central time (approximately). We’ll be talking Home Depot and Lowe’s (but primarily Home Depot) on CNBC’s Big Data Download segment. Both retailers report fiscal Q1 ’14 … Continued
Today’s chart and fundamental comment is an update of our March 7th post on Cisco (CSCO). Last night and this morning the key 200-month technical resistance level was taken out decisively, after Cisco resported quarterly results. Revenues rose 5%, … Continued
Financials are on fire today as the capital market and market sensitive names like Goldman Sachs (GS), Schwab (SCHW) and JP Morgan (JPM) start to get a persisent bid. The SP 500 is hitting all-time highs every day and credit spreads … Continued