Author: Rich Meyers

Wall Street tried to rally early to start the week, but buyers gave way to sellers. Investors used morning strength to sell and move money to the sidelines. It was the fourth down day in a row. With the lack...

Buckle up, it’s about to get nasty out there. Fed Chair Jerome Powell and company increased interest rates by 75 basis points on Wednesday and stocks got smoked. Powell’s language is a throwback to 80’s Fed Chair Paul Volker, who...

Whew, it’s getting scary out there. Markets are falling again after Wall Street got walloped with a 1-2 punch combination of bad news. Inflation ran hotter than expected and FedEx told shareholders, um, things aren’t looking so good out there....

Stocks took it on the chin last week, getting KOd by the one-two punch of higher-than-expected transitory inflation that inched up and FedEx’s earnings miss. Wall Street was hopeful that the Federal Reserve would be able to engineer a soft...

The major stock indexes are in such perilous positions that it’s hard to consider any long, equity positions right now. Last week we highlighted ProShares Short QQQ (PSQ) as a way to hedge or profit if the NASDAQ face planted....

Big spenders came out last week. A trio of Chief Executive Officers (CEO) were matched by three Directors as seven figure buyers. Directors at Terns Pharmaceuticals, Inc. (TERN), DISH Network Corporation (DISH) and Booking Holdings Inc. (BKNG) spent at least.....

It’s a neck brace market from all the back and forth. Last week, we mentioned that the NASDAQ was likely to bounce higher because it entered oversold territory. The index has gone straight up since last Wednesday and broke through...

Stocks were in rally mode Wednesday. It’s something we said might be coming in our most recent Market View E-letter. We noted that “It sure looks like Wall Street intends on testing mid-June’s lows.” But added, “However, stocks could get...