Some things never change. That’s why they call them permabears! Jeffrey Gundlach was available and ready to declare, yet again, his bear market call and characterization of the market. It’s an annual ritual for Gundlach, the CEO of Double Line Capital. “The stock market was and still is in a bear market. Stocks could…
The S&P 500 finished lower for 5 consecutive days and after achieving resistance around the 2,800 level. This is the 6th, 5-day losing streak for the S&P 500 since the US election in Nov ’16.This is also the first one that didn’t have a single 1% drop on any of the 5 days during the…
The major averages were higher going into the Fed/FOMC rate decision announcement… and then they doubled their respective gains after the rate hike decision. The move in the market put an end to the Jerome Powell regime market trend of declines post the FOMC rate hike decision. What brought an end to this streak of…
Apple & Tesla Earnings on Deck The June quarter is typically dubbed Apple’s (AAPL) most boring and uneventful quarter with most consumers awaiting the next product launch that coincides with the September quarter. The June quarter tends to be Apple’s smallest in terms of revenue and iPhone sales. Apple Inc. will report its most boring…
