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Daily Update

Did Nvidia Signal a Change in Sentiment?

Did Nvidia Signal a Change in Sentiment?

By Michael Lebowitz and Lance Roberts | May 27, 2022 | Daily Market Commentary
Nvidia (NVDA) joins a long list of companies that reported decent earnings but reduced their future earnings guidance. Many of these companies saw their stocks fall sharply. A...
New Home Sales Plunge – Recession Evidence Strengthens

New Home Sales Plunge – Recession Evidence Strengthens

By Michael Lebowitz and Lance Roberts | May 26, 2022 | Daily Market Commentary
New home sales plummeted to an annualized rate of 591k, well below expectations of 750k. As the graph below shows, the two-month decline in new home sales was only worse durin...
Snap Stock Mishap!

Snap Stock Mishap!

By Michael Lebowitz and Lance Roberts | May 25, 2022 | Daily Market Commentary
Social media company Snap's stock fell over 40% in trading on Tuesday. Concerning us is not necessarily Snap stockholders or even the welfare of the company, but comments from...
Bear Market Expectations

Bear Market Expectations

By Michael Lebowitz and Lance Roberts | May 24, 2022 | Daily Market Commentary
Last Friday, the S&P 500 briefly dipped to 3810, marking a 20.5% decline from its January 3rd record high. Many investors consider a 20% decline to be a bear market. While...
Exxon and Energy Stocks Are On Fire

Exxon and Energy Stocks Are On Fire

By Michael Lebowitz and Lance Roberts | May 23, 2022 | Daily Market Commentary
It is no secret that Exxon and the energy sector, in general, have been the best place to weather the recent market storm. After hitting an eight-year on Friday, Exxon has ris...
Financial Instability- Junk Bond Spreads Perking Up

Financial Instability- Junk Bond Spreads Perking Up

By Michael Lebowitz and Lance Roberts | May 20, 2022 | Daily Market Commentary
The Fed pays a lot of attention to financial stability or market functioning, and they will take action in the event of financial instability. Given the lessons learned in 200...
Consumers Are Struggling

Consumers Are Struggling

By Michael Lebowitz and Lance Roberts | May 19, 2022 | Daily Market Commentary
Another day and another stern warning that consumers are struggling. Below we provide details on Target's earnings which drove the stock down about 25%. Like Walmart, inflatio...
Walmart Slumps As Inflation Takes Its Toll

Walmart Slumps As Inflation Takes Its Toll

By Michael Lebowitz and Lance Roberts | May 18, 2022 | Daily Market Commentary
Walmart posted earnings per share of $1.30, much weaker than expectations for $1.48. While the bottom line was 23% below the same period last year, Walmart's revenue grew 2%....
Empire State Survey Warns of Economic Contraction

Empire State Survey Warns of Economic Contraction

By Michael Lebowitz and Lance Roberts | May 17, 2022 | Daily Market Commentary
The May New York Fed Empire State Manufacturing Survey fell sharply into economic contraction levels at -11.6. Last month the Empire index stood at +24.6. Leading the Empire i...
Strong Finish to a Volatile Week for Stocks

Strong Finish to a Volatile Week for Stocks

By Michael Lebowitz and Lance Roberts | May 16, 2022 | Daily Market Commentary
The S&P 500 capped off last week on a positive note with a rally to close above 4000. The index managed to hold on to its gains Friday after failing to do so several times...