The Magnificent Seven (M7) has now become just about the only game in town (except for our Uranium shares for Pro Shares). At 30% of the S&P 500 market cap, they dominate the Nasdaq as well – but notably not the small cap non-tech Russell
Category: Follow My Trades
The Nasdaq has advanced an astonishing 60% this year in spite of a huge spike in interest rates. I see that last week, US financial advisors made their largest stock inflows since at least 2016 – the vast majority into the Marvellous Magnificent Seven. These
A little over a month ago just as the first news emerged of the Israel invasion, I stated that this event marked a watershed moment in global affairs – and in financial markets. Events since then have not deterred me from this view one iota.
The most influential market in the world is the US Treasury market. Since the Covid Crash ATL yield (the famous zero bound) of the 30 yr T-Bond of about 0.5% in March 2020, the yield has moved up to around the 5% mark and the
How to lose $4 Trillion in three months? That is the loss of capital in the S&P 500 since the wave 2 high on July 27. A few more months of that punishment and pretty soon we shall be talking serious money. Google/Alphabet has been
Long time readers will know I have been a major sceptic of the plan to electrify everything on the misguided mission to outlaw fossil fuels. In fact, it has the potential to bring down economies – and many governments. My stance is not because of
With last weekend’s ‘surprise’ Hamas attack on Israel, it exposed a massive crack in the Middle East powder keg security that had kept the lid on wars there in recent months. With the wholesale ground invasion of Gaza imminent with even more innocent Palestinians to
Ever since I first came across the growing anxiety over the ‘climate change’ meme early this century, one of the most remarkable features has been the escalating growth of the confidence (hubris?) of our leaders to claim to be able to alter the natural trends
God bless weekends! They offer us a time away from the often furious market action where we can take a more long term view of our affairs and plan our strategies. It is the time to examine our longer range charts and to catch up
Prior to my involvement with the financial markets, I have made two major forecasts in my life. In 1969 when I had just joined NASA, and as the hugely successful Apollo moon landings were kicking off our first forays into space, there was a general
Last week saw several ‘never sell’ US tech shares start to fall off their perch. Of course, I use the term ‘never sell’ sarcastically as this was a common term applied when the Magnificent Seven were carving out strong bull trends. One of them was
Are you thinking what I’m thinking about the craziness of today’s Western societies (and markets)? Last week I commented that the world of finance is bizarre when bad news is good. This was demonstrated once again last week when the US job openings data cane