This type of thing is called a re-rating, and re-ratings happen all the time on Wall Street.
Powering through
The way I’m thinking about this is “Don’t be surprised.”
Clips From Today’s Halftime Report
Starbucks August U.S. comp sales for company operated stores is -11% from CNBC.
Shorting Nikola, most stocks are terrible, the options trading bubble
An all new episode of What Are Your Thoughts?
Gambling
More anecdotes / data on the gambling phenomenon I blogged about this weekend…Bloomberg News via Peter Boockvar: The ProShares Ultra Pro QQQ (TQQQ), which mimics the NDX but three times the daily exposure, collected $1.5b in the past 8 trading days, the most over this time frame since 2010. The money though came in as…
7 Summers Ago
Yesterday marked the seventh anniversary of the founding of my firm, Ritholtz Wealth Management.
the whole story
The Barron’s cover story by Ben Levisohn this weekend is “Yes, It’s a Stock Market Bubble. That Doesn’t Mean Trouble for Investors Just Yet.” Ben does a good job of capturing the storytelling that’s led to one of the greatest stock booms we’ve ever seen: The story began easily enough, if not with “once upon…
A Tale of Two Semis
I want to take this opportunity to relay one of the most important truths I’ve ever learned about the stock market.
This Week on TRB
These were the most read posts on the site this week, in case you missed it:
Why Markets Crash in the Fall
The new episode of my podcast went up this morning. You can listen to it here on Apple, Google or Spotify. Or just play it below: This week I get into why it is that market watchers get extra cautious around the September – October period each year, and why this past week’s major selloff…
