Trillion-dollar giants like Apple, Amazon and Microsoft are still good companies as the early post-pandemic recovery recedes in the rear view . . . but
You can make decent money on Wall Street by sticking to consensus logic, the trades that just about everyone agrees make sense. But the trades
We talked a little last week about the post-pandemic sector map and how Big Tech needs time to refresh, while brick-and-mortar stocks risk getting ahead of themselves. Now, let’s focus on an area of the market that deserves to lead Wall Street from here. The
When circumstances on Wall Street don’t line up with expectations, a lot of garbled stories emerge. That’s what’s going on right now to explain why technology-rich portfolios are down anywhere from 5% to 35% from their peaks while the S&P 500 hits record after record.
While every day on Wall Street is impossible to predict, professional investors soon learn to trust certain statistical rules of thumb. That’s worth remembering as we watch the post-pandemic market twist. When the market greets an economic speed bump with cheers, sentiment has drifted a
Every year, the television networks want to know if we’re selling in May and then going away until the summer is over. It’s a trick question. Yes, summer was historically a slow season on Wall Street and, yes, the market looks especially unlikely to provide
You’re probably familiar with the observation that the market can remain irrational longer than you can remain solvent. Watching money pour into stocks month after month, we all feel the brush of the “irrational” now and then. Even according to optimistic measures, the S&P 500
When I was new on Wall Street, a group of hedge fund managers called the Tiger Cubs ruled the world. Last week, one of them washed out spectacularly, wiping out a $10 billion career in the process. I want you to know that you can