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1 month ago | 
pro.thestreet.com | Doug Kass
It's time to rethink American Exceptionalism. I write this statement as political and geopolitical polarization and competition are likely poised to translate into less political centrism and a reduced concern for deficits. This is creating structural uncertainties, limited fiscal discipline and imprudence around the globe; it could also cause the bond markets to "disanchor." At the same time, the cracks in the foundation of the bull market are multiple and are deepening -- and still yet ignored.
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2 months ago | 
pro.thestreet.com | Stephen Guilfoyle |Helene Meisler |Doug Kass |Chris Versace
It feels like a game of Chutes and Ladders. ... The back-and-forth movement in price discovery on Monday was, in a way, a microcosm of what we have seen on a day-to-day basis of late.
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2 months ago | 
pro.thestreet.com | Helene Meisler |Doug Kass |Chris Versace |Carley Garner |James Deporre
The market’s technical action improved on Monday due to some tariff delays and dovish comments from a Fed member, but pessimism about economic conditions is building as first-quarter earnings season starts. Despite tariff chaos and economic uncertainty, possible trade deals with countries such as the U.K., Japan, and South Korea could hit at any time.
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2 months ago | 
pro.thestreet.com | Helene Meisler |Doug Kass |Chris Versace |Carley Garner |James Deporre
The market started strongly on Monday morning following news that tariffs on various electronic devices and semiconductors were being delayed. A strong open on Monday is generally an invitation to reduce exposure, especially when the market is as volatile as this one. The indices were nearly back to flat when Fed Governor Christopher Waller stated that the inflationary impact of tariffs was likely to be temporary and interest rate cuts were "very much" on the table.
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2 months ago | 
pro.thestreet.com | Stephen Guilfoyle |Helene Meisler |Doug Kass |Chris Versace
I was fairly active ahead of the opening bell on Monday morning. That is actually my occupation. I may write "Market Recon" bright (I mean dark) and early. This morning, I also wrote a follow up piece to my target price move on Palantir Technologies (PLTR) last week after that firm's deal with NATO was announced this morning. I traded off of Goldman Sachs (GS) earnings. I initiated JP Morgan (JPM) .
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2 months ago | 
pro.thestreet.com | Bret Jensen |Helene Meisler |Doug Kass |Chris Versace
Last week was a good one for investors, at least for the ones able to maintain their focus and composure in an increasingly tumultuous market environment. The Nasdaq ended the week 7.3% higher than where it was starting Monday. The S&P 500 was up 5.7% and the Dow rallied nearly 5%. Of course, to garner those stock gains investors had to through a roller coaster of a week with massive daily gyrations. It was enough to give some angina even to long-time market veterans.
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2 months ago | 
pro.thestreet.com | Helene Meisler |Doug Kass |Chris Versace |Carley Garner |James Deporre
Unsurprisingly, a gap-up open on Monday morning is being sold. When the market is as volatile as it has been lately it is typically a good idea to reduce positions into strength rather than trust that positive momentum will develop. After the initial selling, we will see if there is underlying support, but news risk is extremely high. What the market desperately needs right now is news about trade deals with individual countries.
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2 months ago | 
pro.thestreet.com | Stephen Guilfoyle |Helene Meisler |Doug Kass |Chris Versace
Regular readers know that we increased our target price on Palantir Technologies (PLTR) last Thursday, from $110 to $116, based on an improved technical picture. The stock is up almost 7% early on Monday morning. We talked about the technicals. We talked about Q1 earnings expectations. We should get those numbers on or around May 6. That's not why the stock is flying on Monday morning. There's some news, and it's news that we were hoping for/waiting on for some time.
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2 months ago | 
pro.thestreet.com | Bret Jensen |Helene Meisler |Doug Kass |Chris Versace
Equities enjoyed a massive relief rally on Wednesday, where the Nasdaq had its second-best day in its history. The rally, however, turned out to be extremely short-lived. After rising better than 12% the day before, the tech-heavy index gave back just over 4% on Thursday. The other major indexes barfed up similar sized gains from the previous day’s trading session. All of this was due to evolving trade and tariff policies.
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2 months ago | 
pro.thestreet.com | Stephen Guilfoyle |Helene Meisler |Doug Kass |Chris Versace
Regular readers on TheStreet Pro well know that I have been long Wells Fargo (WFC) for some time on the expectation that sooner or later (perhaps this year), the Fed would decide CEO Charlie Scharf and his team had done enough to make amends for the bank's scandal-ridden, semi-recent past and lift its asset cap. I have sold some on the way down, and this has not been a poor investment. Even down 22.6% from its February high, I am still up 20% on WFC.
