The Fed cut rates by 25 basis points yesterday. I don’t care. Because underneath that celebration, two Fed governors dissented. They’re raising doubts about cutting again in December. That matters more than you realize. Markets aren’t running on fundamentals or technicals right now. They’re running on fuel. And the Fed just signaled they’re running out.
The S&P just printed another all-time high yesterday. Again. Caterpillar beat earnings by 10% and ripped 68 dollars higher. Storage Technology delivered strong numbers and exploded 37% in a single session. Goldman Sachs and Morgan Stanley crushed estimates and kept climbing for days. You keep asking: “How is this market still going up?” Wrong question.
Eli Lilly trades at $900 per share with a 70x earnings multiple. Merck trades at 13x earnings. Pfizer trades at 13x earnings. Abbott Labs trades at 16x earnings. AstraZeneca trades at 31x earnings. These are all established pharmaceutical companies. Similar business models. Similar product portfolios. Similar market positions. Yet Lilly trades at 70x while every
Zoom trades at $85. The company: Earned $6 to $7 per share last quarter Sits on 400% cash reserves with zero debt Profit margins run at 25 Return on equity hit 13.5% DoorDash trades at $275, and they: Earned pennies per share Burn through cash to maintain 6% profit margins Bariely achieves a return on
I grew up on the beaches of Los Angeles. Friends would drive us to the shore. We’d hit the water at 6 AM for the morning glass. Boogie boards. Surfboards. Wetsuits. I lived in Hawaii and surfed there too. I’m not a great surfer. But I was a damn good boogie boarder. Now I live
The S&P just broke to new highs again this morning, up 53 points. Every technical indicator flashing bullish signals on the two-hour chart. And half the trading community is still convinced this market’s about to roll over. I’ve been saying the same thing for six weeks straight. Don’t short this market. You’re walking a thin
The S&P just printed another all-time high. Six months straight of relentless buying. Every dip defended within hours. Retail traders rushing into calls every morning like clockwork. You’re expending massive energy. Watching charts all day. Buying every pullback. Feeling the adrenaline of watching your account climb. But here’s what you’re missing: all that effort is
Gold collapsed 5% in two sessions after a vertical run to all-time highs. Netflix missed earnings and dropped 10% overnight despite trading at the top of its range for months. Texas Instruments disappointed and triggered a semiconductor selloff that nobody saw coming. These weren’t isolated events… …They were algorithmic executions following the same mechanical pattern
The S&P just printed another all-time high. Six months of relentless buying….every dip defended within hours…retail traders rushing into calls every morning like clockwork. You’re watching the market overshoot, running past the cliff edge but somehow staying suspended in mid-air. Not falling. Not climbing higher either. Just hovering there, defying gravity while everyone below waits
The Titanic hit the iceberg at 11:48 PM. The ship didn’t sink until 2:23 AM. Two and a half hours elapsed. The band kept playing. First-class passengers ordered drinks. People strolled the deck commenting on the beautiful night. Above the waterline, everything looked fine. Underneath, the rivets were blowing out. Water was flooding compartments. The
