MarketChess

12Mar2:52 pmEST

Even Golden Slacks Get Worn Out

Goldman Sachs (sometimes known as "Golden Slacks," as one its kinder nicknames compared to others) the iconic banking house, is the worst performer in the Dow Jones Industrial Average today as I write this. After tagging the big, round, 50,000 number in February, the Dow continues to unwind, suddenly within a stone's throw of testing its...

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11Mar2:55 pmEST

It's Not Just Oil

We have another indecisive session for equities, with bulls generally aiming to prove that the Iran conflict and the economy at-large are truly nothing to fret over, while bears are still trying to wrestle the overall market initiative away.  As for oil, despite plenty of reserves being released spot price remains plucky. I strongly suspect the...

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10Mar3:05 pmEST

Getting Out of Line

The big news of the afternoon, which clearly has had an impact on markets, centered around U.S. Energy Secretary Chris Wright deleting his "X" post, which had announced the U.S. Navy  escorted an oil tanker through the Strait of Hormuz. Iranian officials immediately refuted the validity of the post, which Wright (or his staff) had deleted,...

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09Mar2:44 pmEST

The Spotlight Shines Both Ways

Now that Warren Buffett has quietly stepped back from the spotlight at Berkshire Hathaway it seems fair to say that Larry Fink and Jamie Dimon are the two highest profile executives of large financials, carrying a certain degree of gravitas which is undeniable to even their harshest critics. Case in point, you can see the spectacular...

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06Mar3:27 pmEST

Afternoon Update 03/06/26 {Video}

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05Mar3:10 pmEST

Long and Variable Effects from Gas

As if most Americans did not have enough to worry about these days, the risk of a fast and furious spike in gasoline prices beyond what we have already seen is easily one of the biggest risks in the coming weeks from the Iran escalation.  First and foremost, this is not merely a knee-jerk headline chasing move in the energy pits, since we know...

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04Mar3:25 pmEST

A Good-Looking Broadcom

Broadcom (AVGO, below on the monthly chart, with the quirky ticker after a merger many years ago) reports tonight. The AI/semiconductor play gets overlooked at times solely with respect to being a major market leader since it does, after all, have a market cap north of $1.5 trillion as I write this. But it should be considered much more of a...

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03Mar2:43 pmEST

Did You Even Say Gamsahabnida?

The South Korean KOSPI Index has been red-hot this year, mostly due to favorable corporate governance reforms and, of course, monstrous AI-driven demand for chips like Samsung Electronics and SK Hynix.  Indeed, the EWY, country ETF for South Korea, surged roughly 40% in this early part of 2026 alone.  As you can see on the EWY weekly chart,...

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02Mar2:35 pmEST

Are We Sure Oil & Gas Are Fades?

"When you get a range expansion, the market is sending you a very loud, clear signal that the market is getting ready to move in the direction of that expansion." -Paul Tudor Jones The above quote by Paul Tudor Jones seems applicable to gasoline and oil, respectively below on their ETF monthly charts.  On the back of Trump's decision to...

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27Feb3:24 pmEST

Afternoon Update 02/27/26 {Video}

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