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Yield Curves and The Alarm They Are About to Trigger

Yield Curves and The Alarm They Are About to Trigger

By Michael Lebowitz and Lance Roberts | Aug 10, 2022 | Daily Market Commentary
Bond traders and economists pay close attention to various yield curves as they are good prognosticators of future economic activity. They will tell you that when the well-fol...
NVDA Pre-announces Disappointing Earnings

NVDA Pre-announces Disappointing Earnings

By Michael Lebowitz and Lance Roberts | Aug 9, 2022 | Daily Market Commentary
NVIDIA (NVDA) and other chip makers are warning that chip sales are falling below expectations. As we noted last week, AMD and INTC lowered their earnings/sales forecasts due...
NBER Recession Odds Fade With Strong Jobs Report

NBER Recession Odds Fade With Strong Jobs Report

By Michael Lebowitz and Lance Roberts | Aug 8, 2022 | Daily Market Commentary
The economy added 528k jobs in July, almost 300k more than expected. With the much stronger-than-expected jobs report, the odds of an official NBER recession proclamation fade...
High-Growth Stocks Tomorrow May Not Look Like Today’s

High-Growth Stocks Tomorrow May Not Look Like Today’s

By Michael Lebowitz and Lance Roberts | Aug 5, 2022 | Daily Market Commentary
Traditionally high-growth companies are involved in new, life-changing technologies. Think of the now mature high-growth companies like Apple and Google, and before them IBM,...
FAANG Stocks Sales Are Slipping

FAANG Stocks Sales Are Slipping

By Michael Lebowitz and Lance Roberts | Aug 4, 2022 | Daily Market Commentary
The graph below from Crescat Capital shows that, in aggregate, the market-leading FAANG stocks saw a decline in sales last quarter on an inflation-adjusted basis. FAANG is an...
Gold Is Rising as Real Yields Fall

Gold Is Rising as Real Yields Fall

By Michael Lebowitz and Lance Roberts | Aug 3, 2022 | Daily Market Commentary
In just the last two weeks, gold prices have spiked by $85/ounce. Why? Some claim a recent increase in inflation expectations is driving gold higher. That is partially true. H...
ISM Prices Paid Plummets

ISM Prices Paid Plummets

By Michael Lebowitz and Lance Roberts | Aug 2, 2022 | Daily Market Commentary
Other than lower commodity prices, there are few other indicators of cooling inflation. That is until yesterday when the inflation outlook got a little brighter. The ISM Price...
Amazon Surges Ahead

Amazon Surges Ahead

By Michael Lebowitz and Lance Roberts | Aug 1, 2022 | Daily Market Commentary
On the heels of disappointing earnings news from fellow retailers (Walmart and Bed Bath and Beyond), Amazon shares surged ahead on its second-quarter earnings report. Amazon's...
Negative GDP Again – Are We In A Recession?

Negative GDP Again – Are We In A Recession?

By Michael Lebowitz and Lance Roberts | Jul 29, 2022 | Daily Market Commentary
For the second quarter in a row,
Inflation Fears Trump Recession Worries

Inflation Fears Trump Recession Worries

By Michael Lebowitz and Lance Roberts | Jul 28, 2022 | Daily Market Commentary
As expected, the Fed raised the Fed Funds rate by 75bps to 2.25%-2.50%. Yesterday's