We’ve Seen this Movie Before

We’ve Seen This Movie Before This week brought NVDA earnings, which again showed phenomenal growth in sales and earnings, with similarly impressive margins, all attributed to the global scramble to gain position in the AI movement. This has been driven in large part by the large hyperscalers (AMZN, MSFT, AAPL, GOO and TSLA) ordering massive […]
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Discounts

Discounts The allure of getting a bargain is universal. Everybody loves a discount. Even when investing in stocks or bonds, you’d love to buy at a discount. The problem is that the discounts in financial markets are much less obvious than in the grocery store. The value of any financial asset can be estimated by […]
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Tightwire Act

Tightwire Act The Fed could be walking a tight wire. The state of the labor market is critical for Fed policy. As the labor market remained tight, the Fed could afford to be patient with rate cuts to make sure inflation does not revive. But a Bloomberg economist is taking exception to the idea that […]
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Short Takes for a Long Weekend

Short Takes for a Long Weekend A Tentative Green Light The ‘most important event this week’ was the earnings report from AI leader, NVIDIA (NVDA) on Wednesday afternoon. The good news is that earnings exceeded expectations once again, the company announced a 10-for-1 split and the stock hit a new high in excess of $1,000. […]
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It Don’t Come Easy

It Don’t Come Easy We’ve been concerned that the Street’s view of AI has been a bit ‘one-sided’, that is, looking only at the benefits, and not focusing on the costs. That may have come to an end this week as AI had its first collision with reality when Meta offered weaker Q2 revenue guidance […]
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The Elephant in the Room

The Elephant in the Room We have long held that the Fed has been the dominant force in both the stock and bond markets. Rates going down? Then markets are moving up, and vice versa. That has generally been true since the recovery started in 2009. More recently, the Fed has taken a back seat. […]
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The Future of NVIDIA with Philip Panaro | Philip Palumbo

Making Informed Decisions Using Macroeconomic Trends with Veneta Dimitrova | Palumbo Podcast Veneta Dimitrova is the Senior U.S. Economist for Ned Davis Research. She is the primary person responsible for formulating the U.S. economic outlook and identifying macroeconomic trends…
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