The Week That Is

Nvidia earnings on tap, a bond market selloff and data center chaos

Growing fears about a war-driven, lingering price shock to oil sent bond prices falling last week, with yields reaching their high for the year and promising more without a quick resolution. Vijay Marolia [https://vijaymarolia.com], chief investment officer at Regal Point Capita [https://regalpointcapital.com]l digs into what the bond market is saying and how the message differs from the stock market. He also expects the equity markets to send a message this week when NVidia releases earnings, noting that he expects gangbusters numbers that still manage to disappoint investors whose expectations are sky high. Plus, the ongoing battle over where to locate data centers has the potential to put a limit on just how fast the artificial intelligence boom can play out; Vijay discusses the potential market impacts that are lost amid headlines about data-center protests.

An optimistic jobs picture, a wild takeover bid and a trading system that's ripe for trouble

Jobs numbers came out strong last week, but there are some dissenting opinions about whether they can remain stable. Vijay Marolia [https://vijaymarolia.com], chief investment officer at Regal Point Capital [https://regalpointcapital.com], joins the optimists, though he suggests the numbers have room to flex and will continue to make it hard for the Federal Reserve to cut rates quickly or deeply. Marolia also discusses the wild GameStop bid to buy eBay and why he doesn't expect it to succeed but does think it will push eBay to make some structural changes. He finishes by revisiting Jane Street Capital, the market maker he discussed a week ago, covering why it has become so important and why foreign regulators believe the company may be gaming the system.

Divergent tales from GOOG, META earnings, Spirit crashes and Jane Street soars

Last week saw the trillion-dollar giants reporting earnings and the market was impressed with the results from Alphabet (Google) and disappointed with numbers from Meta Platforms (Facebook), and Vijay Marolia [https://vijaymarolia.com], chief investment officer at Regal Point Capital [https://regalpointcapital.com], is in line with those reactions but is looking past the quarterly numbers for what the market's response is suggesting about each company longer term. He also talks about the disappointing end for Spirit Airlines, and how the 34-year-old carrier might have avoided its fate, and he talks about Jane Street, the little-known Wall Street market maker that made headlines when it was revealed that its average compensation per employee last year was roughly $2.7 million, more than seven times higher than the average staffer at Wall Street blueblood Goldman Sachs. Vijay discusses how Jane Street came out of nowhere and what it is doing to become an increasingly large force in markets.

Nvidia, Apple, Intel and a valuation story on market movers vs. makers

After a week in which Nvidia and Intel powered the stock market back to near record levels, Vijay Marolia [https://vijaymarolia.com], chief investment officer at Regal Point Capital [https://regalpointcapital.com], says the rally in one of those stocks feels temporary while the other can roll on, and says that the difference points out how investors should re-evaluate the way they see "tech stocks," because different industries lumped broadly within technology have very different valuation pictures. He also discusses Apple and Netflix — both changing leadership but continuing massive stock buybacks — and companies like Micron that he thinks can keep leading, and finishes "The Week That Is" discussing Fed chair nominee Kevin Warsh and the inflation issue he's facing if he gets the job.

Headlines, earnings season and stocks are converging at pivot points

After the stock market rebounded to record-high levels after a peace treaty announcement last week, Vijay Marolia [https://vijaymarolia.com], chief investment officer at Regal Point Capital [https://regalpointcapital.com] and the founder of Dharma Investing LLC, looks at how the market is responding to the flip-flop in new that the waterway is closed again, awaiting peace talks, and discusses whether investors should expect the market to take off once there is clarity on the war. With earnings season off to a hot start, Vijay talks about what he is expecting from some popular consumer, energy and financial stocks and whether earnings will be strong enough to power the market higher or weaker than guidance and, therefore, problematic. Plus, he looks at the business pivots of Netflix and Allbirds, two companies moving in very different directions.