To The Moon

Wall Street commentary around this week's Fed rate cut could have filled a very long and boring book, but much of what you need to know about its effect on the stock market can be found in a movie rarely linked with monetary policy: "The Wizard of Oz.". The great and powerful man behind the central bank curtain, Jerome Powell, really can't do as much as people think to keep their portfolios from shriveling if the wheels are already starting to come off the economy. Stocks' initial reaction to Wednesday's cut was exuberant. That often proves to be a head fake, though -- we still don't know how this movie ends.Take the start of the rate-cutting cycle in 2007 -- one that coincidentally began on the same day of the year, the same starting federal-funds rate, and was for an identical amount, half a percent -- as Wednesday's move. The effect was electric: The Dow Jones Industrial Average had its largest gain in more than four years, rising 336 points, the equivalent of about 1,000 points to

This is undoubtedly the biggest question we have to answer after these earnings. Why are margins down so much?Our Q4 operating margin is 7.8%, which is lower than what we expected due to the higher mix of hyperscale datacenter business and expedited costs of our DLC liquid cooling components in June and September quarters.Source: Earnings Call.Management points towards a change in revenue mix and, more importantly, the expedited costs of components. This should actually ease now as the company i

Declines in Tesla, Nvidia and other large tech stocks meant a $598 billion market-cap wipeout for the ‘Magnificent Seven’ — the second-largest one-day total on recordShares of Jensen Huang’s Nvidia —

While Nvidia Corp. has set the stock market on fire with its rapid surge, briefly making it thelargest companyby market capitalization, its CEO and "Godfather of GPU" Jensen Huang has offloaded shares

CEO Jensen Huang is several moves ahead of Nvidia’s rivals, money manager Louis Navallier saysNvidia CEO Jensen Huang speaks to attendees at Computex 2024 in Taipei, Taiwan on June 4, 2024.As Nvidia c

Super Micro Computer stock has ridden the AI wave higher than anyone else and Wall Street is worried whether it can contineu to lead.

Gold posts biggest 2-day percentage loss since Feb. 2023.

Tesla's Q1 earnings showed a decline in revenue and profitability, but the market is giving the company credit for its vision and product roadmap.The author has changed their position on Tesla and is