Perhaps the solution to the housing crisis is to have more months like August, when more houses were sold but at considerably lower prices than a year ago. Read More
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I don’t expect Wall Street to jump back on the Sprouts bandwagon as soon as the war in Iran is over, but the multiples assigned to its sales and earnings should gradually rise as the new CEO proves his mettle. Read More
Oil prices, small cap stocks, and existing home sales should give us a good idea of which way the economy is headed this week. Read More
Had the FOMC left its policy rate unchanged, that may have sent a disturbing message to the bond market that the Fed is not serious about fighting inflation. Read More
Unusual trading activity over the past few weeks suggest that Lazard has been the target of an options trading campaign that could soon induce a short squeeze. Read More
This week, I will not publish the PF Portfolio Update until Friday due to the meeting of the Federal Open Market Committee this Wednesday and Thursday. Read More
This week there is only one event that everyone on Wall Street, and all over the world, will be watching closely. Read More
Today’s CPI report for August was a non-event that did not strengthen or weaken the argument for a change in the FOMC’s policy rate Read More
Today's CPI report for August lessens the odds of a Fed rate hike next week. Read More
Hopefully, the war in Iran will soon end and fuel prices will come down, in which case the stock market should break out of its trading range. But if that does not happen, then having a mechanism in place to protect your portfolio could prove quite valuable. Read More