Author Archives: Rick Pendergraft

Tech Earnings Expected to Fall Overall: Sentiment Picture Mixed

Earnings season is underway at this time, and the few stocks that have announced have produced some mixed results so far. One industry that is expected to see earnings decline in the second quarter is the tech sector, and we have seen mixed results from International Business Machines (NYSE: IBM) and Netflix (Nasdaq: NFLX). IBM saw earnings grow, but revenue ...

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OPEC Meeting Overshadowed by G20 Meeting

Last week’s G20 meeting got all of the attention from investors and the media. Well, actually it was the meeting between President Trump and President Xi that got all of the attention. The two leaders did agree to a truce in the tariffs, and that was a positive step, but it certainly didn’t mark the end of the trade war. ...

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Can the Huge First Half Rally Continue?

Back in December, I wrote pieces for both Bull Market Rodeo and Seeking Alpha expressing how I thought stocks would rally in the first quarter. The market was the most oversold it had been in some time, and investor sentiment was the lowest it had been in years. Investors were flocking to bonds and that looked like a good sign ...

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So Much Hope Riding on the G20 Summit

In case you haven’t heard, there’s a big international event taking place this weekend in Osaka, Japan. I don’t know how you could have avoided hearing about the G20 summit because it is everywhere in the financial news. If you are a reader of Bull Market Rodeo, I am guessing that you also visit other financial oriented sites. It isn’t ...

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Has Gold Moved Too Much, Too Fast?

Over the last nine months, gold has rallied over 20% and it recently jumped to a six-year high. For the most part, the first eight months of the rally were pretty quiet—there was very little media coverage and I wasn’t reading much about the rally on investment related websites. Now all of the sudden Bloomberg and CNBC can’t stop talking ...

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“The Everything Rally”

I am a man of routine. I get up at the same time every weekday morning and hit the exercise bike. I turn on Bloomberg TV while I ride to catch up on the financial news and find out what stock, bond, oil, and gold futures are doing. On Thursday morning, I awoke to huge gains in almost all futures ...

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