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Daily Update

GM And Ford Are Gunning For Tesla

GM And Ford Are Gunning For Tesla

By Michael Lebowitz and Lance Roberts | Dec 20, 2021 | Daily Market Commentary
GM is now shipping Hummer EV pickup trucks. Ford is halting reservations on its electric F-150 with over 200,000 orders in its queue. GM and Ford have Tesla's domestic market...
Hawkish Fed Policy, On Second Thought, Is That Bullish?

Hawkish Fed Policy, On Second Thought, Is That Bullish?

By Michael Lebowitz and Lance Roberts | Dec 17, 2021 | Daily Market Commentary
It seems the market may have second thoughts about the acceleration of the hawkish Fed policy. Following Wednesday's FOMC statement and Powell's press conference, the market w...
The Fed Doubled Taper Plans and Introduces Rate Hikes

The Fed Doubled Taper Plans and Introduces Rate Hikes

By Michael Lebowitz and Lance Roberts | Dec 16, 2021 | Daily Market Commentary
In a decidedly hawkish statement, the Fed doubled taper plans. Additionally, they plan to hike interest rates three times in 2022 and three more in 2023. Jerome Powell clearly...
Will Chairman Jerome Powell Play the Grinch Today?

Will Chairman Jerome Powell Play the Grinch Today?

By Michael Lebowitz and Lance Roberts | Dec 15, 2021 | Daily Market Commentary
At 2 pm ET, Fed Chairman Jerome Powell and his colleagues will alter monetary policy. High inflation rates and robust employment data leave the Fed little choice but to taper...
High Dividend Stocks Take The Day

High Dividend Stocks Take The Day

By Michael Lebowitz and Lance Roberts | Dec 14, 2021 | Daily Market Commentary
High dividend stocks rose yesterday despite weakness in the major indexes. The weakness in the market was not surprising as we noted in this
Inflation is Running Hot and Investors Don’t Care

Inflation is Running Hot and Investors Don’t Care

By Michael Lebowitz and Lance Roberts | Dec 13, 2021 | Daily Market Commentary
The BLS gave us our monthly reminder that inflation is running hot. CPI is now running at a 6.8% annual pace, well above last month's 6.2% rate. Markets did not seem too bothe...
Bitcoin and Stocks Take A Breather

Bitcoin and Stocks Take A Breather

By Michael Lebowitz and Lance Roberts | Dec 10, 2021 | Daily Market Commentary
Bitcoin and stocks fell in light trading yesterday. As we show below from SimpleVisor, Bitcoin and other popular Cryptocurrencies had a...
Apple Stock Hits A Record High On “Nightmare” News

Apple Stock Hits A Record High On “Nightmare” News

By Michael Lebowitz and Lance Roberts | Dec 9, 2021 | Daily Market Commentary
Apple stock rose 2.25% yesterday to close over $175, a new all-time high. Shares in Apple are up 35% this year with most of the gains coming in the last six months. Its market...
Technology Stocks Lead the Way Higher

Technology Stocks Lead the Way Higher

By Michael Lebowitz and Lance Roberts | Dec 8, 2021 | Daily Market Commentary
Technology stocks led the markets higher on Tuesday. With little news on the tape, it appears investors are downgrading the risks that the Omicron variant will significantly i...
The Fed Pivots and Stocks Surge

The Fed Pivots and Stocks Surge

By Michael Lebowitz and Lance Roberts | Dec 7, 2021 | Daily Market Commentary
Yesterday morning an ominous Wall Street Journal article warned investors that the Fed will speed up the pace of tapering QE. We have more on the article and the Fed pivot in...