The market pushed down to new lows on Thursday, making a new market low for 2022. Frankly I though the previous lows were low enough, but hey, somebody wanted to buy at lower prices. After my article last week, the market dropped another 4% for the SPY and 5.5% for the QQQ. The SPY 60-minute […]
In a highly volatile morning, markets reacted to an upside surprise in both PPI and CPI inflation data. Annualized inflation remains at 8.2% in the US and the S&P 500 gapped lower at the open. Despite a magnificent rally back into positive territory by midday, the trend remains a “NoGo.” In this week’s edition of […]
The following chart shows us the normal value range of the S&P 500 Index, indicating where the S&P 500 would have to be in order to have an overvalued P/E of 20 (red line), a fairly valued P/E of 15 (blue line), or an undervalued P/E of 10 (green line). Annotations on the right side […]
On this week’s edition of Stock Talk with Joe Rabil, explains how he learned the indicators he employs. He discusses how the indicators should be learned independent of one another and how they can then form a weight of the evidence. He then covers the stock requests that came through this week. Joe then covers […]
Earnings season for the 3rd quarter has begun, with Pepsico (PEP) reporting earnings and sales results today that were above estimates despite recognizing a $1.4B charge related to its withdrawal from Russian markets. Even more important for investors is the fact that management raised their guidance for organic revenue for the full fiscal year. The […]