[embedded content] Be sure to subscribe to our channel so you never miss an update In this edition of What Are Your Thoughts, Michael Batnick and Josh Brown discuss: *Gold vs Bitcoin, let the trolling begin!* Google joins the Trillion Dollar Club, who’s next?* Can Bill Simmons sell The Ringer podcast network for $200 million?* […]
How high above the 200-day can the S&P 500 get?
The big news this past week is that the S&P 500 got way out ahead of its 200-day moving average – more than 11% above, in fact. Michael wrote about how shitty of a timing signal this measure is here, if you haven’t read it yet you CANNOT miss it. In the meanwhile, Jon Krinsky […]
“Those people don’t know it, but they’re about to go to church.”
Martin Luther King stayed up til 4am working on his speech for the National Mall on August 28th, 1963. He had both typewritten pages and handwritten pages with crossed out words and rewritten phrases all over the place. He wasn’t exactly sure what the final version would look like, right up until the time he […]
Dow 29,000 and the markets are grinding away
[embedded content] Josh here – Michael Batnick and I discuss the recent milestones for the Dow Jones Industrial Average and the incredibly slow grind that’s gotten us here. According to the Wall Street Journal “hasn’t moved 1% or more in either direction since mid-October, its sixth-longest streak since the end of 1969 and third-longest since […]
Who is Accountable?
Eric Peters wrote a masterpiece this weekend… *** “I do solemnly swear that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States […]
Three Life-Changing Questions
I attended a wake last night for a close friend’s mom. The room was filled with people who loved her. She was thrown a curveball at the end. Curveballs come out of nowhere. They force us into a moment of clarity, but what if we had that clarity beforehand? What if we really knew what […]
Clips From Today’s Closing Bell
Josh Brown explains why he chose Netflix as his Last Chance Trade from CNBC. Nasdaq closes at record high after tensions with Iran ease from CNBC.
The Dow Jones during Wartime
[embedded content] Be sure to subscribe to our channel so you never miss an update The recent flare-up in the Middle East has investors asking questions about what might happen to their portfolios if a war breaks out. While every scenario is different and the variables change, there are some important things to understand about […]
Hard to have euphoria when everyone’s expecting pink slips
I was way ahead of this one. I had almost forgotten I’d written it until someone emailed me. This week, the Wall Street Journal ran a story about the massive drop in headcount among analysts on the sellside. As more institutional money goes toward quant strategies, passive indexing and private equity, and trading commissions drop […]
The State of the US Consumer
As I mentioned in my piece the other day, the consumer is now singlehandedly holding up the US economy, representing almost 80% of activity and growth. Strong consumer confidence is based upon the wealth effect from booming 401(k) balances, the steady rise in wages (especially at the lower end these past few months), the tight […]