LYFT’s IPO Raises Questions (Chart Of The Day 20)

LYFT’s IPO Raises Questions   LYFT’s IPO priced at $72 on Thursday night implying a pre-trading valuation of $22 Billion Dollars.  Only weeks earlier the value range was thought to be between $10-$15 Billion. LYFT’s first trade  was $87.24, just shy of a $27 Billion value. Trading went straight downhill from there, with the stock […]

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Federal Reserve Stokes ANOTHER Asset Bubble

The Incredible NON-Credible Fed   Three months ago, the Federal Reserve expected to raise interest 3 times in 2019.  At the conclusion of the Fed Meeting on March 20th, the Fed announced that it expects NO rate increases as far as the eye can see.  Chairman Jerome Powell also announced a MUCH earlier termination of […]

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The Tesla Mess-la (Chart Of The Day 16)

Model 3 Sales Plunge Hardly a day goes by without some new revelation by Tesla Motors or its eccentric founder, Elon Musk.  After reporting a surprise profit in 2018’s third quarter, Tesla’s fortunes have since stalled. Tesla sold 140,000 of its “affordable” Model 3 in 2018, easily dominating the field for plug-in electric vehicles.  Including […]

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Retail: The Best of Times or Worst of Times? (Chart of The Day 14)

The BEST Christmas in 6 Years or The WORST December in 10? Last week, the Census Bureau released Retail Sales data for the month of December.  The headline number was a stunning FALL of 1.2%. (The Chart on the Left is Seasonally adjusted month over month retail sales.) Following this news, investment banks  tripped over […]

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