By Paul Sankey
Published on April 18, 2024 at 8:48 AM
<Brooklyn rap radio/Jamaica DJ horn> BBBRRRRAAAAP!: Tonight on Happy Hour, Tommy Marchetti. 4PM ET open mike. Plenty of chat as energy earnings started last night with Kinder and continue tomorrow with Schlumberger. Fresh from his four years at Cornerstone Macro then Piper Sandler as Global Energy Strategist, oil on Wall Street legend Tom Marchetti will be giving his stream of consciousness tonight. Starting as an accountant with KPMG, Marchetti joined J Aron/Goldman Sachs in 1994, …
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By Paul Sankey
Published on January 24, 2024 at 11:23 AM
4Q23 Earnings 1/19-1/23 (HAL, SLB, KMI, UAL, JBHT) On Sunday we said “Netflix to beat, Tesla to miss”. The Netflix call was hardly heroic, we just found re-setting all our accounts to be super-easy, those thrown off my ID happily subscribed themselves (son) and the Netflix film Society of the Snow is outstanding. One down, one to go, so if Tesla pulls a huge upside surprise, we are in coin flip territory on earnings call …
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By Paul Sankey
Published on January 21, 2024 at 4:55 PM
Good day, There it is: Market at a record high. Congratulations to the wealthy of the USA. The top 10% of wealthiest Americans own 89% of stocks ($28 trillion). Americans in the 50th to 90th percentile of wealth own 11% of stocks ($3.4 trillion). Americans in the bottom 50% own <1% of stocks ($19 billion). As we say, the rich get richer and the poor migrate. Today we take a graphic-heavy run through some charts, …
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