Market Thoughts: US Highs, China Drops, BTC Volatility

U.S. stocks capped the week with a record close on better-than-forecast earnings. Treasury yields fell after data signalled moderate inflation. S&P 500 Index closed at an all-time high of 2,939.88 after posting a 1.2% gain for the week following positive surprises from earnings releases. U.S. GDP expanded at a 3.2% annualized rate in Q1, beating estimates […]

In the Spotlight: The S and P 500 (SPX)

The S&P 500 had its highest closing on record on Tuesday, marking a fantastic resurgence for stock markets since the rout last year. Despite poor macro-economic data and slumping earnings expectations, investors extended a months-long recovery, reassured in part by recent dovish signals from central banks. The benchmark closed the day 0.9% higher at 2,933.7. […]

Market Thoughts: Streaming Wars

Markets ended the week on a high note after several major banks kicked off the earnings season with decent numbers. Chinese export data for March also rebounded, bolstering optimism in the global economy. The S&P 500 gained for a third straight week, up 0.5% as it rose through the key 2,900 level for the first […]

Market Thoughts: Golden Crosses Abound — Markets and BTC Rally

Stock markets continue to chug higher, with the major US indices all ~2% or less from their all time highs. Three weeks ago, we noted that — despite our scepticism — we seemed to be looking at markets that “want to push higher across the board… despite the overhang of earnings, macro economy news, North Korea, and ongoing China […]

In the Spotlight: TSLA — In the Wake of Its Case Hearing

Elon Musk saw $1.1b wiped from his net worth in the first two minutes of trading as TSLA fell as much as 10.7%. Tesla reported its largest sales drop in history: a 31% drop compared to the prior quarter, and a disappointment that raised difficult questions about demand for its products. The company is also […]

In the Spotlight: TSLA Stock Analysis

Ben Baller is a celebrity jeweller, and such an erstwhile fan of Tesla that he gifted Elon Musk a ring last Christmas — a $40,000 custom diamond baguette and ruby Tesla ring, with the Tesla logo crafted from trillion-cut diamonds and ‘TESLA’ made out on the back with solid platinum and custom cut diamonds. Reason? To thank […]

In the Spotlight: LULU Stock Analysis

Lululemon Athletica beat both earnings and revenue forecasts handily and announced a $500 million buyback. Analysts were bullish after its earnings report, with Oppenheimer calling it one of the fastest growing and healthiest brands in the consumer sector. Oppenheimer, Credit Suisse and JPMorgan have issued price targets ranging from $190 to $197. LULU gapped up […]

In the Spotlight: Spotify (SPOT) Analysis

SPOT is continuing with its strategy of dominating all things audio, announcing an acquisition of Parcast, its third podcast company acquisition in recent months (following Gimlet Media and Anchor). The deal is part of Spotify’s strategy to use podcasts to grow subscribers, market share, and advertising revenue. While the giants battle it out in the […]

In the Spotlight: AAPL Analysis

AAPL lifted the curtains on a streaming video platform that includes original programming. The television and video streaming service will allow access via its 1.4 billion gadgets to both in-house content, as well as programming from other creators. The foray into video streaming is in a direct challenge to streaming video leaders Netflix, Amazon and […]

In the Spotlight: S and P 500, AMZN and More

Headlines this weekend are all about the buying wave which has hit 10-year Treasuries, which has triggered the first Treasuries yield curve inversion for the first time since 2007. This move follows a Fed policy shift and a less sanguine economic outlook. Viewed as a reliable harbinger of an impending recession and rate-cutting cycle within […]