Carvana, the ‘Amazon of Car Dealers,’ Is in Deep Trouble
Yet another measure of the tech market’s downswing: The company had just posted a “confidence shattering quarter,” in the words of J.P. Morgan, as it reported a wider-than-expected loss of…
BoA says Growth Expectations Are Below That Seen During The Great Recession And The Dot.com Bubble.
BoA looks at sentiment: Growth expectations fell to an all-time low in May, according to the latest Bank of America fund manager survey out on Tuesday. For a dose of…
10-year Treasury Yield Climbs Above 2.9%.
Treasury yields up: The yield on the 10-year Treasury note last traded up 7 basis points to 2.955%, while the yield on the 30-year Treasury bond rose about 8 basis…
Earnings Revisions As Just Seen, Trigger Stock Market Declines 71% Of The Time
Credit Suisse says it is reason for caution: Credit Suisse’s London-based global strategy team have been cautious on stocks since February — and they still are. They say recession risk…
Elon Musk Calls On SEC To Evaluate Twitter User Numbers
Elon applies force to his bid: In the midst of his deal to acquire Twitter, Elon Musk has called on the U.S. Securities and Exchange Commission to look into the…
Tech Stock Selloffs May Only Have Just Begun
One analyst marvels at how bad it is, as he assumes it will get worse: “Right now we are seeing [tech] stocks trade at single-digit multiples on EBITDA and low…
Bank of America Clients Hoard Cash at Highest Level in Two Decades
A Bank of America Corp. fund manager survey finds that Investors are piling into cash: Cash levels among investors hit the highest level since September 2001, the report showed, with…
The Wykoff Method May Point to the Start of a Bear Market Soon
An analysis here claims to show that this my be the beginning of a Bear market: The bearish bias of S&P 500 was formed after the selloff happened in January…
