To The Moon

Sam Eckert oversees an equity fund that is beating the S&P 500 this year. But he isn't a professiona

On Wed, 10 May 2023 evening I was keeping virgil by my mobile phone, like everyone else. Just so that when the news of US April CPI is out, I would know “immediately”. When the news flashed across my mobile screen, I heaved a sigh of “relief”. CPI was “4.9%”, 0.01% “higher” than my personal forecast (click to read my post! and give a “LIKe” ok, tks!). It was a “memorable” moment because this is the first time in two years that US’s CPI comes in “sub 5%”. Deserves a celebration, no? Strangely enough, the market did not rally as I had hoped it would. By the time market closed: DJIA was down -30.48 (-0.09%) to 33,531.33. S&P 500 was the only index upped marginally +18.47 (+0.45%) to 4,137.64). Best performer. Nasdaq was

From March 8 through April 24, gold rallied over 9%, outpacing the S&P 500 which was up just over 3% in the same period. The rally seemed to correspond with headlines of banking stress that could have the potential to alter the Fed’s hiking path. For almost a year the U.S. treasury yield curve has been inverted leading many analysts to believe that the U.S. economy is headed toward a recession.These and other factors have drawn increased attention to the gold market, where options on gold futures have reached record trading volume in 2023. Gold is believed to perform well in times of economic stress. But does it? Let’s look at history to tell us how gold performs under three scenarios – inflation, recession, and stagflation.Is Gold an Inflation Hedge?The last major bout of inflation in

From March 8 through April 24, gold rallied over 9%, outpacing the S&P 500 which was up just over 3% in the same period. The rally seemed to correspond with headlines of banking stress that could have the potential to alter the Fed’s hiking path. For almost a year the U.S. treasury yield curve has been inverted leading many analysts to believe that the U.S. economy is headed toward a recession.These and other factors have drawn increased attention to the gold market, where options on gold futures have reached record trading volume in 2023. Gold is believed to perform well in times of economic stress. But does it? Let’s look at history to tell us how gold performs under three scenarios – inflation, recession, and stagflation.Is Gold an Inflation Hedge?The last major bout of inflation in

The Maryland-based company biotech firm $Novavax(NVAX)$ Latest Earnings Results reported a Q1 net loss of $293.9 million and the company would slash its global workforce by about 25%. Seems investors are wondering how will they going to do $1.5 billion in covid vaccine sales in 2023 after doing only $81 million in Q1.Hopefully its staff cuts will contribute toward its goal of reducing its annual expenditure by around 40% to 50% by 2024, according to the press release. ImageHowever, the outlook of$Novavax(NVAX)$ is Neutural, good news shows the company has positive Phase 2 Topline results show on COVID-Influenza combination, stand-alone influenza and high-dose COVID vaccine candidates demonstrate robu

Earnings of growth stocks diverge greatly in this earnings season.$Snap Inc(SNAP)$ shares dropped as much as 20%; $Cloudflare, Inc.(NET)$ plunged as much as 25% in after-hours trading Thursday; $Lyft, Inc.(LYFT)$ dropped 17%; $Upstart Holdings, Inc.(UPST)$ surged 50% yesterday.The roller-coaster ride of growth stocks happens every day in this earnings season.How to profit from their divergence and wild ride?Straddle helps you profit from high volitilityStraddle refers to buying a combination of “call and put” with the same strike price and expiration date, with the strike price usually taken close to the current price (AT

U.S. stock futures were flat Thursday night after the S&P 500 snapped a four-day losing streak. Dow Jones Industrial Average futures fell by 22 points, or 0.07%. S&P 500 and Nasdaq 100 futures dipped 0.03% and 0.11%, respectively. Boeing shares slipped more than 2% in extended trading after the company temporarily halted delivery of its 787 Dreamliners over a fuselage issue. During Thursday's session, the S&P 500 advanced 0.53%. Meanwhile, the Dow Jones Industrial Average gained 108.82 points, or 0.33%, while the Nasdaq Composite rose 0.72%. Even so, the major averages are headed for a losing week. The S&P 500 is down 1.64% through Thursday, and is set for its worst week since Dec. 16. The Dow is down nearly 1.99% this week, and headed for its fourth straight losing week. T