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Daily Update

Bitcoin Declined 13% Intraday Again

Bitcoin Declined 13% Intraday Again

By Michael Lebowitz and Lance Roberts | Mar 7, 2024 | Daily Market Commentary
From Monday’s close to its low point on Tuesday, Bitcoin declined by over 13%. While a 13% decline in one day may seem enormous for almost any asset class, it’s not that out of the ord...
Paul Volcker Warns The Fed

Paul Volcker Warns The Fed

By Michael Lebowitz and Lance Roberts | Mar 6, 2024 | Daily Market Commentary
Paul Volcker, Fed Chairman from 1979 to 1987, passed away in 2019. However, poignant words from his book
Nvidia Is Aiming For Apple and Microsoft

Nvidia Is Aiming For Apple and Microsoft

By Michael Lebowitz and Lance Roberts | Mar 5, 2024 | Daily Market Commentary
“Mooning“- When the value of an asset skyrockets, exceeding investors’ expectations. The phrase mooning, often used in crypto investor circles, is equally appropriate to des...
Junk Bonds And Bitcoin Scream Wild Exuberance

Junk Bonds And Bitcoin Scream Wild Exuberance

By Michael Lebowitz and Lance Roberts | Mar 4, 2024 | Daily Market Commentary
It’s not just a handful of AI-related stocks that signal a speculative investment atmosphere. Many other stocks and markets are exhibiting similar behavior. For instance, Bitcoin and jun...
Stock Buybacks Provide A Tailwind For Large Stocks

Stock Buybacks Provide A Tailwind For Large Stocks

By Michael Lebowitz and Lance Roberts | Mar 1, 2024 | Daily Market Commentary
Stock buyback authorization announcements are soaring this year. As shown in the graph on the left, the $207 billion in 2024 stock buyback announcements is already on par with the annual t...
Stocks And VIX Flash A Warning

Stocks And VIX Flash A Warning

By Michael Lebowitz and Lance Roberts | Feb 29, 2024 | Daily Market Commentary
The implied volatility index (VIX) calculates the future volatility that option traders expect. The VIX tends to rise as stocks decline. At such times, investors are often more aggressive...
Shale Oil- Should Investors Fear The Red Queen Effect?

Shale Oil- Should Investors Fear The Red Queen Effect?

By Michael Lebowitz and Lance Roberts | Feb 28, 2024 | Daily Market Commentary
In a recent article, geologist Ted Cross of Novilabs eases investor concerns about the rapid depletion rate of...
The Conference Board Says Smooth Sailing Ahead, But….

The Conference Board Says Smooth Sailing Ahead, But….

By Michael Lebowitz and Lance Roberts | Feb 27, 2024 | Daily Market Commentary
As we noted in our current Weekly Newsletter, Conference Board Scraps Its Recession...
CEOs Are Exiting – Should You Follow The Smart Money?

CEOs Are Exiting – Should You Follow The Smart Money?

By Michael Lebowitz and Lance Roberts | Feb 26, 2024 | Daily Market Commentary
JP Morgan CEO Jamie Dimon sold $150 million of his JPM shares, marking the first time he has sold JPM shares. Jeff Bezos has sold 50 million shares of Amazon since the beginning of the mon...
The Nikkei Finally Tops 34 Year Old Peak

The Nikkei Finally Tops 34 Year Old Peak

By Michael Lebowitz and Lance Roberts | Feb 23, 2024 | Daily Market Commentary
Japan is in a recession, its population is shrinking, and its debt to GDP is over 250%. However, despite their economic and demographic woes, Japan’s main stock index, the Nikkei 225, ju...