May 15, 2022 | AES, CRWD, Daily JAM, Dividend Income, GNRC, Jubak Picks, OKTA, WCC |
I don’t know if Friday’s bounce will continue into the new week. I think the summer season is likely to be positive for revenue at many companies–travel, airlines, Las Vegas–but I don’t like the longer term fundamentals in the economy. Inflation is going to be harder to reduce than Federal Reserve rhetoric and Wall Street sentiment now credit. And there is a good chance of a recession in 2023. But I’m not looking for some kind of crash from here–at least not before a recession tests the credit markets in 2023. We’re on the edge of a bear–the Standard & Poor’s 500 was down 18.1% from its all time high as of the close on Thursday–or in a bear–for the technology stocks of the NASDAQ. The typical pattern from here is for a continued decline to be punctuated by sharp rallies and bounces (like Friday) until we put in the ultimate bottom (certainly after a few more Federal Reserve interest rate increases.)
We’re not there yet. This downward trend in equity markets is likely to continue for a while in my opinion. So what am I trying to accomplish with these sells?
February 24, 2022 | CRWD, Daily JAM, DAL, EQNR, Jubak Picks, LNG, Millennial, Morning Briefing, PXD, Top 50 Stocks |
With the Russian invasion of Ukraine about to trigger another package of tougher U.S. and European sanctions, I think we can expect Russia to delver on Vladimir Putin’s promise of retaliation. The most obvious form of that will be cyberattacks on U.S. infrastructure, like the Colonial Pipeline attack, on U.S. financial systems through hacking to steal customer information and denial of service attacks, and on attacks to break into U.S. corporate networks to either paralyze those networks or to effectively put them off line. I wouldn’t rule out attacks on government infrastructure either at local, state, and national levels.
October 13, 2021 | ALB, CRWD, Daily JAM, FQVLF, OKTA |
If you look only at the major indexes, today was a mildly positive day. The Standard & Poor’s 500 closed up 0.30%, although the Dow Jones Industrial Average was flat. The NASDAQ Composite gained 0.73% at the close and the NASDAQ 100 added 0.77%. The small cap Russell 2000 ended ahead 0.34%. But take a look at some of the frankly outlandish gains in the market’s hottest sectors. It’s not difficult to find gains of 5% or more today
September 14, 2021 | ALB, CMI, CRWD, Daily JAM, DE, PANW, Short Term |
I found myself humming “I scare myself” this morning as the market continued its September selling. The Dan Hicks and the Hot Licks song pretty much sums up the market action this morning. We all know that stocks go down in September so we’re sending stocks downward. And we all know that September 17 is the Big Bad Day in the month so it’s unreasonable to expect a turn in sentiment before that date. But so far, I’d note, the selling seems “orderly” with the usual candidates bucking the trend and showing up in the green. It’s when those still in the green stocks start tumbling that I’ll really start to worry.
August 30, 2021 | CRWD, Daily JAM, Jubak Picks, OKTA, PANW |
In last week’s video QuickPick of Palo Alto Networks (PANW) I promised a longer take on the cybersecurity sector and another pick for my portfolios to go with Palo Alto Systems and CrowdStrike (CRWD). This post is that (somewhat) longer take and OKTA (OKTA) is my promised pick for my Jubak Picks and Millennial portfolios.
July 3, 2021 | CRWD, Daily JAM, Jubak Picks, Millennial, PANW |
Another day; another ransomware attack. This one is being called the largest non-national-state supply-chain cyberattack ever seen (and possibly the largest cyberattack ever, period.)
