Market Talk - Thursday, Feb. 5
The oil markets had a negative day today.
Amazon Plunges After Forecasting 50% Surge In Capex To $200BN
The 24% YoY increase in AWS revenue not only smashed estimates, but was the highest in three years: remarkable growth for a business that keeps growing and has a more difficult base effect to "beat" every quarter.
As The Rich Start To Struggle, Will They Pull Down The Economy?
The rich have been spending so amply that they've kept the averages for retail spending -- which drives the majority of our GDP -- in "healthy" territory.
S&P 500 Marks 3rd-Straight Loss, Turns Negative For 2026
The Dow lost nearly 600 points on Thursday, while the Nasdaq suffered a triple-digit drop as well, marking its third-straight loss alongside the S&P 500 as investors continued to rotate out of tech.
Initial Unemployment Claims Surge, Rattling Stocks, Helping Bonds
Initial claims unexpectedly spiked to 231,000.