PVG Market In A Minute - May 31, 2023
The market is buzzing about the guidance of revenue for the next quarter. NVDA reported their April quarter of $7.2 billion in revenue, down -13% year-over-year.
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The market is buzzing about the guidance of revenue for the next quarter. NVDA reported their April quarter of $7.2 billion in revenue, down -13% year-over-year.
Read BlogLast week, the number of NYSE listed stocks advanced by roughly 1800 versus 1300 declining, a big improvement versus the recent trend of nearly 2x the declining stocks versus advancing.
Read BlogFollowing a significant tightening cycle, when the Fed stops raising rates, the market generally has a nice advance before entering a bear market, in this case it would be another bear market
Read BlogYellen says she runs out of money to fund the government on June 1st...yikes! S&P 500 declined -19% on government shut down. This seems like a really stupid issue...
Read BlogTactical/Loss Averse Investing is in Favor: The Federal Reserve is following the same path as they did in 2006 and 2007, but faster.
Read BlogEarnings Reports: Last week was a great start to earnings with four large banks reporting very strong earnings and in particular JP Morgan.
Read BlogWe think there are many similarities between all the Fed tightening cycles, of course they all are different in ways as well. But the patterns are similar.
Read BlogAs we mentioned previously, the technicals have turned positive, but with a downward sloping 200-day moving average, which makes it likely that it will stall out.
Read BlogInflation Report on Friday: Obviously, inflation is the big concern for the markets and how it relates to valuations and Federal Reserve monetary policy.
Read BlogS&P 500 P/E of 17.7x 2023 and 15.5x 2024 consensus earnings estimates -Earnings will likely come down another 10% for both years - GDP will contract
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