Mar. 12 at 9:06 PM
$AAPL $MSFT $NVDA $AMZN $NFLX
Below is a post I made today on our subscription site.
I thought it was important enough that I wanted to share it with people here in case it could help them:
At the end of our weekly call last night I summarized my thoughts regarding the overall market and explained that this is not the same environment we had last year from April to October when the market kept ripping higher.
I also stressed the importance of being patient and knowing when to be aggressive and when to pull back.
Specifically, I said this environment is extremely choppy and can be loaded with headfakes and failed breakouts.
As such, I mentioned that it is imperative that you wait for quality set-ups and may need to be more nimble in this environment.
To that end, I wanted to share a release regarding earnings today from Lennar Homes (below).
Notice the "headwinds" referenced by the CEO.
This is not indicative of an overall environment marked by a powerful consumer and market strength.
Again, DO NOT FORCE TRADES for the sake of wanting to trade or thinking you have to in order to make money.
You must remain patient and not jump at every dip thinking things will immediately recover.
This is especially true until the Middle East conflict gets resolved as it will be hard for the market to push higher until there is more clarity regarding the resolution of potential market disruptions.
Here is the release from Lennar:
Lennar reports Q1 adjusted EPS 88c, consensus 95c
Reports Q1 revenue
$6.6B, consensus
$6.9B. Stuart Miller, Executive Chairman and Chief Executive Officer of Lennar, said, "Our first quarter of fiscal year 2026 was defined by the same persistent headwinds that have challenged the housing market for over three years - high mortgage rates, constrained affordability, cautious consumer sentiment, and geopolitical uncertainty, especially now including the recent conflict in Iran. As our results reflect, Lennar remained focused on executing our consistent operating strategy to maintain production and support housing supply, while driving structural improvements across our business."
Warmly,
DC77
.
