Retails stocks are going through it with Walmart lowering their guidance. They are saying buyers have evaporated and inflation has ballooned their operating costs. I’m closely monitoring this situation as the Fed is expected to hike rates another 75 basis points...
TSLA just released earnings and they are less than spectacular. They beat on EPS but missed on revenue. They also sold 75% of their bitcoin to strengthen their cash position. What I’m most worried about is companies are running out of tricks to keep their stock...
Earnings season is in full swing and companies are leaking news left and right. IBM had great earnings but their stocked dropped on inflation becoming a problem later this year. NFLX lost 970,000 subscribers but it was short of them losing 2 million like they leaked a...
The big event is that CPI/inflation data will be announced on Wednesday. The White House warned today that they believe it’s going to be a high number. We also have the banks kicking off earnings...
Gamestop announced a 4:1 stock split to happen on July 18th. Many are thinking it’ll squeeze. However GME just announced the departure of their CFO along with general...
I live traded futures today and ended up down $300. It was super choppy and probably shouldn’t have done as many...
The first half of this year has been a disaster. Buckle up. I believe this is only the beginning of what is about to...
Trading the first half of this year has been insane and I’ll never forget it for the rest of my life. We went from a super bull market, to high inflation, to a bear market that’s on the verge of a stock market crash. This is how I’ve been making it...
AMC has recently reclaimed the 50 day moving average. I’m not sure why but people are still trying to short this even as it has bottomed out. There is also quite a bit of short interest that remains even though the stock has completely sold...
