It's been quite some time since the U.S. has experienced a recession. Unfortunately, investors may not have to wait much longer, as the S&P 500 and stocks in general are likely in the early stages of a bear market already. Inverting yields, worsening economic data, U.S./China trade tensions, high stock valuations, increased demand for safe-haven assets, and bearish sector rotation are clear red flags that a recession is approaching.Moreover, the S&P 500's technical image appears to be deteriorating, and if the SPX goes below 2,725 we are likely in a bear market already. It’s been...…It's been quite some time since the U.S. has experienced a recession. Unfortunately, investors may not have to wait much longer, as the S&P 500 and stocks in general are likely in the early stages of a bear market already. Inverting yields, worsening economic data, U.S./China trade tensions, high stock valuations, increased demand for safe-haven assets, and bearish sector rotation are clear red flags that a recession is approaching.Moreover, the S&P 500's technical image appears to be deteriorating, and if the SPX goes below 2,725 we are likely in a bear market already. It’s been...WW…

SVB Financial Group is the holding company for Silicon Valley Bank. The company has carved out a niche for itself as a leading commercial bank servicing technology and life science, many of which are early stage. The company Unfortunately, the flipside of the tech bubble is fairly ugly for the company with added pressure coming from higher operating costs, higher costs of deposits, and unrealized losses in its htm (hold to maturity) fixed income portfolio. Both these htm losses and potential losses from the loan portfolio could wipe out book equity The growth in deposits and loans was...…SVB Financial Group is the holding company for Silicon Valley Bank. The company has carved out a niche for itself as a leading commercial bank servicing technology and life science, many of which are early stage. The company Unfortunately, the flipside of the tech bubble is fairly ugly for the company with added pressure coming from higher operating costs, higher costs of deposits, and unrealized losses in its htm (hold to maturity) fixed income portfolio. Both these htm losses and potential losses from the loan portfolio could wipe out book equity The growth in deposits and loans was...WW…

Today, we look at a small-cap animal services firm that came public during the tail end of the SPAC craze in 2021. The Wag! Group Co. (heretofore "Wag") is a San Francisco based pet care platform connecting pet parents with services such as dog walking or pet sitting, provided by a network of over 400,000 pet caregivers located in 5,300 communities in all 50 states. The company also operates the nation's largest pet insurance comparison marketplace, a pet pharmacy, and recently entered the pet food The company generates revenue from service and joining fees charged to Pet Caregivers for use...…Today, we look at a small-cap animal services firm that came public during the tail end of the SPAC craze in 2021. The Wag! Group Co. (heretofore "Wag") is a San Francisco based pet care platform connecting pet parents with services such as dog walking or pet sitting, provided by a network of over 400,000 pet caregivers located in 5,300 communities in all 50 states. The company also operates the nation's largest pet insurance comparison marketplace, a pet pharmacy, and recently entered the pet food The company generates revenue from service and joining fees charged to Pet Caregivers for use...WW…

KB Home () stockin Wednesday after-hours trading after the homebuilder issued strong 2023 guidance and Q1 earnings exceeded Wall Street expectations as demand for home strengthened. The homebuilder expects full-year 2023 housing revenue Homebuilding operating income as a percentage of revenue is expected to be 10.0%-11.0% in Q2, assuming no inventory-related charges, compared with 11.7% in Q1 2023. Q1 EPS of $1.45, topping the $1.12 consensus, fell from $2.47 in Q4 2022 and from $1.47 in Q1 2022. Revenue for the quarter ended Feb. 28, 2023 was $1.38B, exceeding the average analyst estimate...…KB Home () stockin Wednesday after-hours trading after the homebuilder issued strong 2023 guidance and Q1 earnings exceeded Wall Street expectations as demand for home strengthened. The homebuilder expects full-year 2023 housing revenue Homebuilding operating income as a percentage of revenue is expected to be 10.0%-11.0% in Q2, assuming no inventory-related charges, compared with 11.7% in Q1 2023. Q1 EPS of $1.45, topping the $1.12 consensus, fell from $2.47 in Q4 2022 and from $1.47 in Q1 2022. Revenue for the quarter ended Feb. 28, 2023 was $1.38B, exceeding the average analyst estimate...WW…

Chewy Inc. stock wavered in after hours trading on Wednesday as cautious EBITDA guidance into 2023 and some active customer attrition appeared to balance a strong Q4 report. The online pet product retailer “Against the backdrop of a rapidly changing operating and economic environment, Chewy produced record-high revenue, profitability, and free cash flow,” CEO Sumit Singh said. “Chewy’s disciplined execution and dedication to serving pet parents and partners with a widening ecosystem of offerings led to another year of market share gains in the pet category, which continues to demonstrate...…Chewy Inc. stock wavered in after hours trading on Wednesday as cautious EBITDA guidance into 2023 and some active customer attrition appeared to balance a strong Q4 report. The online pet product retailer “Against the backdrop of a rapidly changing operating and economic environment, Chewy produced record-high revenue, profitability, and free cash flow,” CEO Sumit Singh said. “Chewy’s disciplined execution and dedication to serving pet parents and partners with a widening ecosystem of offerings led to another year of market share gains in the pet category, which continues to demonstrate...WW…

U.S. natural gas futures plunged Wednesday, wiping out the previous session's strong gain, as production continues to increase while demand declines with the coming of seasonally milder weather. The day's decline came even as theon track to hit a record high. According to Reuters, total gas flows to all seven of the major U.S. LNG export plants rose to an average of 13.1B cf/day so far in March from 12.8B cf/day in February, which would exceed the monthly record of 12.9B cf/day in March 2022, before the Freeport LNG facility shut. Front-month Nymex natural gas (NG1:COM) for April delivery...…U.S. natural gas futures plunged Wednesday, wiping out the previous session's strong gain, as production continues to increase while demand declines with the coming of seasonally milder weather. The day's decline came even as theon track to hit a record high. According to Reuters, total gas flows to all seven of the major U.S. LNG export plants rose to an average of 13.1B cf/day so far in March from 12.8B cf/day in February, which would exceed the monthly record of 12.9B cf/day in March 2022, before the Freeport LNG facility shut. Front-month Nymex natural gas (NG1:COM) for April delivery...WW…

Coincidence is God's way of remaining anonymous. " - Albert Einstein It is hard to maintain any optimism in the current COVID-19 outbreak crisis as the media breathlessly reports the increasing death toll on an hourly basis, tens of millions are being laid off (hopefully temporarily) and the stock market continues its meltdown. Even after going through the financial crisis of 2008/2009 and being across the street from the Twin Towers during 09/11, this environment feels entirely surreal. Rather than focusing on the negative like so many, today we offered up three reasons for muted optimism...…Coincidence is God's way of remaining anonymous. " - Albert Einstein It is hard to maintain any optimism in the current COVID-19 outbreak crisis as the media breathlessly reports the increasing death toll on an hourly basis, tens of millions are being laid off (hopefully temporarily) and the stock market continues its meltdown. Even after going through the financial crisis of 2008/2009 and being across the street from the Twin Towers during 09/11, this environment feels entirely surreal. Rather than focusing on the negative like so many, today we offered up three reasons for muted optimism...WW…

Ukraine took a leap to make use of the decentralized marketplace after President Volodymyr Zelenskyy on Wednesday signed a bill into law that legalizes cryptocurrencies in the country. Specifically, the law determines the legal status, classification, ownership and Going forward, "foreign and Ukrainian cryptocurrencies exchanges will operate legally and banks will open accounts for crypto companies," the digital ministry wrote in a Twitter . "It is an important step towards the development of the VA market in Ukraine." The market will be regulated by Ukraine's National Commission on...…Ukraine took a leap to make use of the decentralized marketplace after President Volodymyr Zelenskyy on Wednesday signed a bill into law that legalizes cryptocurrencies in the country. Specifically, the law determines the legal status, classification, ownership and Going forward, "foreign and Ukrainian cryptocurrencies exchanges will operate legally and banks will open accounts for crypto companies," the digital ministry wrote in a Twitter . "It is an important step towards the development of the VA market in Ukraine." The market will be regulated by Ukraine's National Commission on...WW…