Broad Market Weakness Amid Rising VIX and Tech Divergence
@thestreetpro Divergences Aplenty in Monday's Trading Monday's market advance had some conspicuous and worrisome divergences: * Market breadth was poor and leadership continued to narrow (even more noticeably than in the past few days) see below graph. * The VIX strengthened to 18.38 (+1.19). * Financials were noticeably weak. Homebuilders, restaurants ($SHAK Shake Shack down by another -$6) and retail ($WMT WalMart -$3), hit by another boost in yields suffered. Consumer staples and private equity stocks, in particular, got taken to the woodshed with three to five dollar losses commonplace. * Healthcare was strong and technology of course was led by memory and semi conductors (though software slipped with $ORCL, $ADBE, $CRM and $IBM were all lower) after recent strength. * But a divergence in large cap tech evidenced by the weakness in Mag7 was probably the key feature of the day - with sizeable declines for $AMZN, $GOOGL. $MSFT and $META. I expanded my net short exposure by adding to technology and Index shorts. We also took a new trading short rental (with a tight stop) in $SNDK (at $1,596) off the eye popping overbought (RSI). @tomkeene @ferrotv @lisaabramowicz1 @business @andrewrsorkin @BeckyQuick @SquawkCNBC @TheJudgeCNBC @carlquintanilla @CNBCFastMoney @HalftimeReport @peterboockvar @convertbond @WhitneyTilson @SullyCNBC @saraeisen
Consumer Stocks Slipping, Panelist’s Optimism Unfounded
A panelist (who seems to have never made an unprofitable trade (save disasters $MRNA $UNH, etc.) on @HalftimeReport says the consumer is doing great. See today's price action in COST -$20, $WMT -$4, PG -$4, PEP -$5. And, by the way,...
Even the GOAT Falters: Druckenmiller’s Tech‑stock Misstep
(The GOAT) Stanley Druckenmiller, circa early 2000? When Stan couldnt take the pressure of rising tech stocks anymore. Went long and got destroyed, ultimately leaving Soros. Another lesson NOT learned...
SNL Debuts: Springsteen & Farley's Iconic First Appearances
LKF Today in 1992 Bruce Springsteen had his first TV appearance ever (it was as the musical guest on Saturday Night Live) and yesterday in 1993 Chris Farley debuted the motivational speaker Matt Foley on SNL.
Fin TV Prioritizes Authority over Viewer Interests
Unfortunately Fin TV is about promoting people as authorities and/or gaining access to managements. It has never appeared, to me, to be solely about the viewers.
Shake Shack Plummets 20% Despite “Best Ideas” Hype
Shake Shack ($SHAK) -$19 (or -20%) after its EPS release this morning. One of @CNBCFastMoney panelist's favorite stocks ("Best Ideas in the Market)... the panelist will not admit a mistkae he will not be contrite because its a "long term...
Micron Soars 130% Above Trend, Echoing 2000 Rally
@TheJudgeCNBC $MU is 130% above its 200 day moving avg. At the end of the https://t.co/6SSWhuHSvO boom, in March 2000, the SOX peaked at about 100% above that moving average. Fear has left the building. @tomkeene @business...
Clarifying Critique: Interview Lacked Balance, Not Personal Attack
I didnt make fun of Brad Gerstner. Nor was I disrespectful. He is a great investor. What I wrote is that neither the moderator of the show nor Brad made any negative comments. The interview lacked balance and was, not surprisingly one-sided. My tweet pointed...
Meme Stock Guru Scolds Buffett, Misses Value Investing Basics
This is what the market has come to... in what can only be described as a large dose of hubris: $JOET is lecturing Warren Buffett about having too much cash. He recommends that he put a portion of...
Gerstner Bullish on AI, Warns Against Fin TV Complacency
Brad Gerstner is breathless about the prospects for the hyperscalers and for AI. Fin TV does an injustice to their viewers (especially in light of the swiftness of the advance) - by not discussing possible negative factors. All bullish all the...
S&P EPS Growth Forecast Cracks Amid Narrowing Leaders
Coming up on @thestreetpro The 2026-7 S&P EPS Growth Argument Has Many Holes In It * Especially in a continued narrowing of leadership (in profits and price appreciation) in a "K-shaped" S&P Index... * With interest rates, inflation and the price of crude...
Buffett Warns: Modern Markets Have Become a Gambling Casino
Warren Buffett declares investors have never been in such a gambling mode and he is correct. There is a difference @jimcramer) between buying the dips and the numerous and rapidly growing vehicles that traders/investors now entertain: * ODTE options (70%) of...
Low Volume at New Highs Mirrors 2007 Market Peak
@KeithMcCullough @SamofAmerica @RPKent @HedgeyeDJ Data suggest that volume alone is not a reliable indicator of a rally’s ability to sustain itself. That said, the last time we observed this degree of persistently low volume accompanying a new all-time high...
Fin TV's Formulaic Shows Overlook Critical OpenAI Revenue Miss
The problem with "formulaic programming" on Fin TV is that they too often miss the most important news of the morning. They look at the rear view mirror and not the windshield. Case in point: The OpenAI revenue miss (chatgpt) has not been...
Semiconductor Valuations Hit Record Highs, Prompting Shorts
On Friday and Monday we @SeabreezeLP shorted $INTC, $MU and $AMD. Go to @thestreetpro for an explanation why.... @dougkass Global Markets Investor on X: "⚠️Semiconductor valuations have RARELY been this stretched: The Semiconductor Index, $SOX, now trades at a P/E ratio of...