While everyone was busy celebrating new all-time highs, $ADM, the 35th largest company in the US [According to the last Fortune 500] and about to celebrate the 100th anniversary since their shares started trading on the New York Stock Exchange (they listed on December 24th, 1924!), crashed 24% in a…
Category:Daily
Daily post about finance and breaking news
TRADERS AND (ZOMBIE) COMPANIES NOW PRAYING #INFLATION IS NOT COMING BACK
The text discusses concerns about a potential resurgence of inflation, challenging the notion that central banks have successfully tamed it. Recent UK inflation data for December suggests a possible upward trend, prompting questions about the Federal Reserve’s rate-cutting plans. Bond traders are adjusting their bets, and the author predicts a likely rise in interest rates unless a significant event disrupts the current pattern. The impending maturity of substantial debt in 2024 adds pressure on yields. Regarding stocks, the author questions the bullish outlook, considering the impact of rising rates and the potential for another crisis. The conclusion advises caution and suggests buying insurance amid market uncertainties.
GOLDMAN SACHS – A BIG EPS BEAT ENGINEERED TO HIDE LIQUIDITY STRUGGLES AND A QUESTIONABLE LOAN BOOK?
#GS Q4-23 was quite a spectacular game of smoke and mirrors that, of course, fooled the mainstream media. CNBC – “Goldman Sachs tops revenue estimates on better-than-expected asset management results” WSJ – “Goldman Scores a Win With Sharply Higher Earnings” Let me show you one of the “tricks” they used….
WELLS FARGO – A CASE OF TOO MUCH WINDOW DRESSING AND TOO LITTLE COLLATERAL?
Honestly, at first glance, what #WFC reported for Q4-23 didn’t seem great, but not particularly bad either. Overall, their Q4 seemed quite dull. I was tempted to move on, but as an old habit, I had to read the footnotes first and here we go, I finally came across something…
NOT THE START OF THE YEAR EVERYONE EXPECTED. A “LIFETIME #BTFD OPPORTUNITY” OR BETTER TO BE CAREFUL?
Let’s be honest, no one would have bet on all the #Mag7 #stocks to close red on the first trading day of 2024, led by #AAPL down 3.58% (and it could have been worse without that relief #7bn MOC #stocks pump that put some lipstick on the #Nasdaq pig snouts…
BANK OF AMERICA WENT “CRAZY” IN Q4 (LITERALLY)
While digging into #BAC‘s Q4-23 financial statements, I couldn’t help but wonder if they had lost their minds during the last three months of 2023. No, I am not referring to the “press release” or the “presentation,” which are usually prepared to “feed” the media rather than provide transparency to…
DID THE MARKETS JUST HIT A SPEED BUMP OR A WALL?
US CPI came in hot, to the surprise of many, but not us, as we have been talking about this for the past 3 weeks, right? (TwitterX). What honestly surprised me is that #stocks didn’t manage to follow the usual script once the latest US CPI was released, although they…
ISAAC NEWTON, A GENIUS, WOULD HAVE LOVED $NVDA
Who doesn’t learn from history is doomed to repeat the same mistakes. If you combine this with out-of-control herd behaviour, then the chances to repeat past mistakes are even greater. Right now, the number of people taking victory laps because of $NVDA is countless. “The stock is going to the…
WHEN THE #SEC (CAT) IS AWAY, THE MICE DANCE
When I woke up this morning, I couldn’t believe my eyes. I had finished drafting this post before going to sleep, and the first thing I see on @X after waking up is Gary Gensler’s post claiming that the @SECGov account was hacked and that the #Bitcoin ETF wasn’t actually…
IS THE 2024 EDITION OF US REGIONAL BANKS (NOW JOINED BY PENSION FUNDS) “HUNGER GAMES” ABOUT TO BEGIN?
Last week I wrote about the end of the “hide till maturity” trick (post in quote below) that helped banks hide their growing mountain of troubled assets. A few days later, the news reporting CalSTRS pension fund, the second largest in the US, is considering borrowing $30bn becomes public. The…