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Big Bank Theory! Financials Lead Stocks Higher.

Big Bank Theory! Financials Lead Stocks Higher. The 1st Quarter earnings parade began Friday with an unexpectedly great start.  Banking giant JP Morgan reported record revenues AND net income.  This put aside the residual fears from the disastrous 4th Quarter of 2018.  In fact, JPM made it clear that the feared “inverted yield curve” had […]

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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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