The opinions expressed below are my own and do not necessarily represent those of Visdom Investment Group, LLC.
Mixed bag.
Microsoft and Meta beat but Tesla disappointed. Guidance from the conference calls was mixed. Ultimately, Meta and Tesla shares climbed today but Microsoft dropped. Two out of three was enough to push the broader market higher. The S&P opened about +20 and went negative by 11 AM. The bulls went to work during lunch and steadily pushed the market higher through the afternoon. In the last 30 minutes of the session, President Trump announced tariffs on Canada and Mexico beginning February 1st, which cut 40 points off the index in a matter of minutes. The index bounced back into the close. Treasury yields barely changed today and capital flow was 111%.
The first three reports from the Mag 7 were good enough it seems. Not a slam dunk for the bulls but a win nonetheless. The remaining Mag 7, Apple, Alphabet, Amazon, and Nvidia, are now on the clock.
Apple announces after the close today. That’s where the market’s attention is focused. We’re going to play the same game with AAPL that we just played with META, TSLA, and MSFT.
The market is no longer worried about a Mag 7 fiasco and it is pretty confident that good news will come from the rest of the Mag 7. It’s just a question of how good will the good news be?
We find out soon.
See you tomorrow.
-Mike
IMPORTANT INFORMATION
This is general educational information and market commentary and is intended for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
All market and economic data herein is as of the date hereof and sourced from Bloomberg unless otherwise stated. The information is subject to change without notice and we have no obligation to update you.
This general market commentary is intended for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The views and opinions expressed constitute the author(s) judgment based on current market conditions, are subject to change without notice, and may differ from those expressed by other employees of Visdom Investment Group LLC ("Visdom") and Visdom. Past performance and any forward-looking statements are not guarantees of future results. It is not possible to invest directly in an index.
We believe the information contained in this material to be reliable and have sought to take reasonable care in its preparation; however, we do not represent or warrant its accuracy, reliability or completeness, or accept any liability for any loss or damage (whether direct or indirect) arising out of the use of all or any part of this material. Any securities referenced are shown for illustrative purposes only, and are not intended as a recommendation or endorsement by Visdom or by the author(s) in this context. The information presented is not intended to be making value judgments on the preferred outcome of any government decision. This information does not constitute Visdom research, nor should it be considered a recommendation of a particular investment strategy or an offer or solicitation for the purchase or sale of any financial instrument. Investing involves market risk, including the possible loss of principal. You should speak to your financial advisor before making any investment decisions. Visdom and its affiliates do not provide legal, tax or account advice so you should seek professional guidance if you have questions.
