To The Moon

The first quarter was a troubled one. The positive start was mostly a reaction to the extreme negativism in December month. Sometimes things in the stock market are simple. When everyone is negative, the stock market can only go one way and that is up. That was the case at the end of December. As many as 85 percent of economists were counting on a recession, and the sentiment indicators swung to the extreme negative. Even if fundamentally things are not going well, that makes it a good time to get in. During the quarter, it appeared that the economy was doing so well that the recession scenario had to be moved to 2024 or even beyond. The flip side of that is that the inflation numbers did look stronger than had been anticipated. Now there are the necessary one-time effects and adjustments

Navigating the Long Game: How Gamma Can Make or Break Your Trades ⚖️

The market began last week on an apprehensive note, due in part to hesitation ahead of the Wednesday’s release of June CPI (which showed a 1.3% month-over-month increase that lifted the yr/yr growth rate to 9.1%, a level not seen since late 1981). In addition, concerns about global growth continued weighing on sentiment. The week ended with a rebound that lifted the S&P 500 off its lowest level in nearly four weeks. Still, the benchmark index surrendered -0.9% for the week while the Nasdaq (-1.6%) underperformed and the Dow (-0.2%) finished with a slimmer loss for the week.Corporate earnings step to the center stage this week. Last week’s bank earnings saw mixed results, and the CPI report overshoot and subsequent Federal Reserve back and forth over the size of the next interest rate h

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* U.S. economy contracted in Q1; consumer spending revised lower* General Mills rises as sales beat

Story HighlightsMETA stock experienced a decline in value due to high inflation and regulatory headw

Warren Buffett began his investing career in a bear market. He bought his first stock in the early 1940s at age 11 as theS&P 500 was on its way to a 35% dipthat bottomed in 1942. Since then, he's managed through 12 more bear markets not including this one.Despite those downturns, Buffett has managed to create billions in value for himself and the shareholders of the company he runs,Berkshire Hathaway. If any investor is qualified to share wisdom on investing in bear markets, it's Buffett.So it m