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Trading Desk: The Fed Isn’t Done
Bank of America CEO Brian Moynihan recently expressed his support for Federal Reserve Chair Jerome Powell, downplayed concerns about the Fed’s independence, and offered his
Trading Desk: Can Earnings Guidance Show Us The Future?
Earnings guidance. It’s become a staple in the financial world, a regular ritual accompanying every quarterly earnings report. But this seemingly modern practice of companies
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Trading Desk: Recession Or Rotation?
We’ve seen US stocks sell two “weak” job reports now in the absence of more coherent sell signals, setting up the narrative that Wall Street is buckling up for a serious recession because the Fed stayed “higher for longer” than the economy could bear. There’s a
Trading Desk: The Secret To Surviving A Crash
We all get a lot of email from analysts and economists fretting about a “crash.” Are we in the early stages of one now? Will it wipe out investment accounts and investor confidence for a generation? Here’s my take on all that. My career started
Trading Desk: NVIDIA Was Priced Better Than Perfect
Nvidia, the undisputed titan of the AI chip industry, recently unveiled another stunning earnings report, exceeding all expectations with yet another quarter of triple-digit growth and painting a rosy picture for the future. However, the stock market’s response was somewhat muted, with shares slipping in
Trading Desk: T Bills Are On The Verge Of Turning Back Into Trash
For over a year, investors have enjoyed a simple yet rewarding strategy: parking their money in Treasury bills, reaping a safe and impressive 5% yield. The risk averse have found this “T-bill and chill” approach hard to beat, offering a haven amidst market volatility. However,
Trading Desk: 17 Days To The $11 Trillion Deadline
A lot of investors have stayed on the sidelines this year. I get it. Sometimes it feels like life is shock after shock and the stock market is the biggest rollercoaster ride of all . . . without seat belts or brakes. If you want to focus
Trading Desk: What Are You Afraid Of?
Stocks took a big step back on Thursday because traders were having flashbacks to the summer of 2022, when Fed Chair Jay Powell talked tough about how he was willing to crash the economy in order to kill inflation. I told Fox that night that