Micron Technology: weakness ahead, but is it already in the price?

Micron’s earnings report last week seemed to confirm the market's fears. The bullwhip effect is reverberating right along the supply chain, and excess inventory isn’t just sitting in big box retail warehouses.

• High bar for big tech earnings, Fed in command

  • Skilling Writers Team
  • 2022-01-28
  • • Finance
    • News
    • Trading

  Markets are setting a high bar for company earnings. Even the slightest miss (or simply not a big enough beat) has seen some stocks punished. Microsoft post-earnings was a fascinating example. If you only paid attention to the market in normal trading hours, you’d see this and you’d conclude that all was well:

• Manic Monday a sign of things to come?

  • Skilling Writers Team
  • 2022-01-25
  • • News
    • Finance

  The Nasdaq started the week the same way that it ended the last: Deep in the red, with no signs of a sustained rally to break the relentless waves of selling. We saw a huge selloff in equity markets and crypto on Monday and then came the rally.

• Will Fed meeting lead to mayhem?

  • Skilling Writers Team
  • 2022-01-25
  • • Finance
    • News
    • Trading

  The Federal Reserve meeting on January 26th is a massive risk event. It’s always big, but this week could be even bigger than usual. Stock markets are wobbling. Netflix was hammered after their earnings report, falling 20% after hours and shedding a casual $45 billion in value as it tumbled.

• What's keeping gold up?

  • Skilling Writers Team
  • 2022-01-19
  • • News
    • Finance

  Gold’s left plenty of traders scratching their heads lately. The relative strength of everyone’s favourite shiny rock is a real puzzle. Conventional market wisdom and fundamentals all point lower yet gold has stubbornly refused to fall in line with the bond selloff.

• Dollar weakness is over

  • Skilling Writers Team
  • 2022-01-18
  • • News
    • Finance

  “Dollar weakness is overdone”. That sums up the views of a few sellside currency strategists hitting the inbox over the weekend. But is it right?