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...
