Finally, the 10-Q of Bank of America has been filed, and it is now time to check how things look in reality beyond the cheerful and “everything is awesome” press release and management call of a few weeks ago when the bank, as expected, beat market expectations (TODAY “EVERYTHING WILL…
Category:Stocks
BRACE FOR IMPACT: WHY MARKETS MAY FACE A VOLATILITY STORM AFTER THE 2024 US ELECTION
Finally, here we are with only one day left until the end of the most tragicomic US Presidential campaign ever. So far, investors do not seem too concerned about it, considering the shape of the VIX curve. Yes, some have put some hedging in place, but as you can see,…
UNTANGLING THE GREAT MICROSOFT ACCOUNTING (BORDERLINE FRAUDULENT) SHENANIGANS
Another great quarter for Microsoft that beat Wall Street analysts’ expectations comfortably (what a surprise), but once again the tides turned when the management started to provide guidance on future growth that came short of what investors were expecting, sending the stock price negative almost 4% during after-hours trading. However,…
WHAT HSBC ISN’T TELLING US: UNCOVERING THE RED FLAGS AND HIDDEN RISKS IN THEIR Q3 REPORT
Dear reader, please accept my apologies, but today’s article is going to be quite short. Why? Because in its latest quarterly release HSBC disclosed pretty much nothing relevant to truly assess its balance sheet’s strength in the 71 pages made available to the public. However, even if you can clearly…
MARKET EUPHORIA VS. ECONOMIC REALITY: GLOBAL STOCKS SOAR AS CRACKS DEEPEN BENEATH
To be completely honest, when I saw what happened today in the first minutes of trading in the Japanese stock market, my jaw dropped to the floor. I could not believe my eyes, literally. The outcome of Japan’s elections has been quite bad, with the government in charge effectively now…
CRE CRISIS: HIDDEN LOSSES AND QUESTIONABLE OPTIMISM IN DEUTSCHE BANK’S Q3-24 REPORT
How is it possible that Deutsche Bank’s provisions for credit losses related to Commercial Real Estate (CRE) loans DECREASED by 34% compared to Q2-24? No, I am not joking; it is right there hidden in the fine print of the bank’s Q3-24 report as you can see below. Furthermore, “The…
THE FED’S HIDDEN QE: HOW BANKS ARE PROPPING UP ASSET PRICES AT THE COST OF FUTURE INFLATION
A few days ago in “EXPOSING THE ILLUSION: HOW MODERN ECONOMICS FUELS WEALTH INEQUALITY AND ZOMBIE MARKETS,” I discussed how current economic theories, often used to guide market decisions, are being contradicted by the actual results they produce. Right now, many are puzzled by how the USD, US yields, and…
GPUs OVERSUPPLY IS ALREADY HERE – HOW ASML’S MISTAKE EXPOSED NVIDIA’S CASTLE OF LIES
No, I am not going to begin talking about what happened yesterday with ASML. Before we get there, we need to start from the 11th of October when this article (of course totally ignored by MSM and Social Media busy broadcasting the latest phenomenal predictions Jensen Huang was spitting out…
TODAY “EVERYTHING WILL BE AWESOME” FOR BANK OF AMERICA
Last week, Warren Buffett officially cut Berkshire Hathaway holdings in Bank of America to less than 10% ownership of the bank. Going forward, he will not be subject to prompt disclosures applied to “insiders”. In other words, he will be able to sell BAC shares at a faster pace without…
THE SMOKING GUN THAT PROVES HOW OPENAI IS MICROSOFT’S REVENUES LAUNDROMAT
First of all, I would like to praise The Information for its excellent work in doing proper journalism, something that nowadays is more unique than rare, sadly. Let’s start with the explosive article just published and that, of course, barely caught the attention of mainstream media that are being very…