Laugh or cry, the choice is yours.
Here is trader Keith Bliss explaining why one should listen to the "stock whisperer", and ignore fundamentals.
He maybe on to something...
Since macro doesn't matter...
And neither do earnings...
According to Bliss, trading is simple as 1, 2, 3:
I attended a panel discussion on private blockchains in banking at UBS in NYC last night. There were two overarching misconceptions that appeared to permeate the discussions:
Counterparties can be trusted, hence you can build reliable systems with trusted parties, and;
Yesterday, when we wrote that "Gartman remains bearish of stocks" we cited the "commodity king" as follows:
Submitted by Nick Cunningham via OilPrice.com,
Lenders to the oil and gas industry have been extraordinarily lenient amid the worst downturn in decades, allowing indebted companies to survive a little while longer in hopes of a rebound in oil prices. But the screws are set to tighten just a bit more as the periodic credit redetermination period finishes up.
The Fed failed to hike interest rates in March despite the “data” hitting levels at which the Fed said it would hike. Indeed, the Fed even lowered its expected number of rate hikes for this year from four to two!
This confirms for us that the Fed does indeed want inflation.
In the last few weeks, several Fed officials, most notably Fed Vice-Chair Stanley Fischer stated not only that inflation was appearing in the US but that this is something the Fed “would like to happen.”