Are the “Magnificent 7” Stocks Today’s Version of the “Nifty Fifty”?
Tyler Mitchell The “Magnificent 7” are TSLA, AAPL, META, GOOG, MSFT, AMZN, NVDA. Buy and hold forever? MAGS ETF courtesy…
Due to Extreme FIMD, Trump is Now Behind, He May Need a Hard Recession to Win
Trump is suffering from extreme Foot-In-Mouth-Disease. He Just cannot keep on message. Dear Donald, it’s still the economy…
Margin Calls Trigger Huge Global Equities and Bitcoin Selloff, Gold Fine
Update: The Nikkei has the biggest 2-day drop in history. Bitcoin is down 7% today and 23 percent…
Dramatic 1-Day and 1-Week Changes in Bond Yields, What Happened?
Economic data has been weakening for weeks, culminating in a horrible Jobs report on Friday, August 2. Treasury…
Big Changes in Fed Interest Rate Cut Expectations This Year and Next
I captured rate cut expectations before and after the Friday jobs reports. Let’s take a look. Data from…
Unemployment Rate Jumps, Jobs Rise Only 114,000 with More Negative Revisions
The headline jobs number was much weaker than the consensus estimate of 180,000 and the unemployment rate rose…
The McKelvey (Sahm) Unemployment Rate Recession Rule Just Triggered
A recession indicator based off rising unemployment triggered in July. Claudia Sahm, a former Fed economist, takes credit…
The Manufacturing ISM Index Is Lower Than Every Economist’s Estimate
The ISM manufacturing report was a disaster from every angle, especially employment , production, and backlogs. Employment reading…
Commercial Construction Spending Is Down 9 Consecutive Months
Here’s the kicker: It’s not office related. And the Census Department has heavy negative revisions to spending. Let’s…
Intel Announces 15,000 Job Cuts, 15 Percent of its Workforce
Intel received $8.5 billion in Biden administration grants (Inflation Reduction Act) but announces massive layoffs and halts dividends…