Wild ride for markets - election movers and groovers.
Fed dousing the fire a bit.
Inflation is still a thing.
Nuke talk again....
PLUS we are now on Spotify and Amazon Music/Podcasts!
Click HERE for Show Notes and Links
DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
DONATIONS ? OHHH - the new shirt design is coming along...
Warm-Up
- Up and Down - Election Confusing Markets - What a wild ride - more to come
- CTP for Carvana will be closing out this coming Friday and that is it for 2024 - CTP Cup comes in December
- More hacks that no one cares about
- Another big bankruptcy
- Nuke talks again
Markets
- Up and down - shine off that penny?
- Every pick / comment brings on new move
- Fed pours some cold water on markets
- Inflation - still a thing
- Something happening - only happened a few times in history
ANNOUNCEMENT : AH - Chili Competition Results - 3rd Place
Netflix - Jake Paul (27) and Mike Tyson (58)
- 60 million people "tried" to watch
- Glitches - system overload
- Jake Paul took it in a 8 round decision.
- Can you imagine if Netflix starts doing these live events with a $1 charge?
- Jake Paul got $40M and Tyson got $20M
Follow Up
- Palantir - Jumps after earnings and then announcing move to NASDAQ (Nov 26)
- As of last Friday - #1 performer in S&P 500 this year
- Up 48% MTD and 250% YTD
- Big move Friday was because it will qualify for NAZ 100 (QQQ) and lots of buying will need to be done
- Good for Peter: Thiel's Palantir holdings have increased in value by about $3.2 billion since the earnings report and $2 billion since the election.
Once Hot -Now Not
- Here is company that we had for clients -bought low, sold higher, bought some more higher, sold on way down
- Super Micro - SMCI - was a darling for some time - then a few short sellers attacked - stock sold off
- Company decided to follow the other guys with 10-1 stock spilts - stock was as high as $1,200 per share pre split- now??? $21.75 ($217.50 comparable)
- Could be kicked out of NASDAQ
- Short -Sellers couldbe right - Super Micro is late in filing its 2024 year-end report with the SEC, and has yet to replace its accounting firm.
--- UPDATE - Super Micro Computer secures BDO USA as lead auditor, targets key filings by early 2025 amid NASDAQ approval process (Stock up 25%)
Markets - Not Often Seen
- The stock market has done this only three times since January 1871
- The Shiller P/E ratio has reached a reading of 38 only three times during a bull market rally in 153 years. In December 1999, during the dot-com boom, the Shiller P/E peaked at a reading of 44.19. Meanwhile, in the first week of 2022, it very briefly lifted above 40.
- On most occasions, this heat needs to be cooled... It could take time as this is a slow moving ratio/indicator
- Another point - only a few times in history have we seen a market up 20% - 2 consecutive years.
--- Will it continue? History shows that this needs to cool off too - but that does not mean a crash is imminent.
More Cooling
- Russell 2000 was HOT right after the election.
- Day after it was up like 5%+++
- Last week, down 4%
Hack'd
- Hackers linked to a Chinese intelligence agency were able to breach T-Mobile as part of a months-long campaign to spy on the cellphone communications of high-value intelligence targets
- Last Wednesday, The Federal Bureau of Investigation (FBI) and the U.S. cyber watchdog agency CISA said China-linked hackers have intercepted surveillance data intended for American law enforcement agencies after breaking into an unspecified number of telecom companies.
- Earlier in October, the Journal reported that Chinese hackers accessed the networks of U.S. broadband providers, including Verizon Communications, AT&T and Lumen Technologies,
Fed dousing the fire a bit.
Inflation is still a thing.
Nuke talk again....
PLUS we are now on Spotify and Amazon Music/Podcasts!
Click HERE for Show Notes and Links
DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
DONATIONS ? OHHH - the new shirt design is coming along...
Warm-Up
- Up and Down - Election Confusing Markets - What a wild ride - more to come
- CTP for Carvana will be closing out this coming Friday and that is it for 2024 - CTP Cup comes in December
- More hacks that no one cares about
- Another big bankruptcy
- Nuke talks again
Markets
- Up and down - shine off that penny?
- Every pick / comment brings on new move
- Fed pours some cold water on markets
- Inflation - still a thing
- Something happening - only happened a few times in history
ANNOUNCEMENT : AH - Chili Competition Results - 3rd Place
Netflix - Jake Paul (27) and Mike Tyson (58)
- 60 million people "tried" to watch
- Glitches - system overload
- Jake Paul took it in a 8 round decision.
- Can you imagine if Netflix starts doing these live events with a $1 charge?
- Jake Paul got $40M and Tyson got $20M
Follow Up
- Palantir - Jumps after earnings and then announcing move to NASDAQ (Nov 26)
- As of last Friday - #1 performer in S&P 500 this year
- Up 48% MTD and 250% YTD
- Big move Friday was because it will qualify for NAZ 100 (QQQ) and lots of buying will need to be done
- Good for Peter: Thiel's Palantir holdings have increased in value by about $3.2 billion since the earnings report and $2 billion since the election.
Once Hot -Now Not
- Here is company that we had for clients -bought low, sold higher, bought some more higher, sold on way down
- Super Micro - SMCI - was a darling for some time - then a few short sellers attacked - stock sold off
- Company decided to follow the other guys with 10-1 stock spilts - stock was as high as $1,200 per share pre split- now??? $21.75 ($217.50 comparable)
- Could be kicked out of NASDAQ
- Short -Sellers couldbe right - Super Micro is late in filing its 2024 year-end report with the SEC, and has yet to replace its accounting firm.
--- UPDATE - Super Micro Computer secures BDO USA as lead auditor, targets key filings by early 2025 amid NASDAQ approval process (Stock up 25%)
Markets - Not Often Seen
- The stock market has done this only three times since January 1871
- The Shiller P/E ratio has reached a reading of 38 only three times during a bull market rally in 153 years. In December 1999, during the dot-com boom, the Shiller P/E peaked at a reading of 44.19. Meanwhile, in the first week of 2022, it very briefly lifted above 40.
- On most occasions, this heat needs to be cooled... It could take time as this is a slow moving ratio/indicator
- Another point - only a few times in history have we seen a market up 20% - 2 consecutive years.
--- Will it continue? History shows that this needs to cool off too - but that does not mean a crash is imminent.
More Cooling
- Russell 2000 was HOT right after the election.
- Day after it was up like 5%+++
- Last week, down 4%
Hack'd
- Hackers linked to a Chinese intelligence agency were able to breach T-Mobile as part of a months-long campaign to spy on the cellphone communications of high-value intelligence targets
- Last Wednesday, The Federal Bureau of Investigation (FBI) and the U.S. cyber watchdog agency CISA said China-linked hackers have intercepted surveillance data intended for American law enforcement agencies after breaking into an unspecified number of telecom companies.
- Earlier in October, the Journal reported that Chinese hackers accessed the networks of U.S. broadband providers, including Verizon Communications, AT&T and Lumen Technologies,
Activity