PeterHannCFA
PeterHannCFA
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PeterHannCFA

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Capital Markets Trader/Analyst with over 25 years’ experience managing Foreign Exchange, Interest Rate and Commodities risk. Notable roles included 8 years at the Bank of Canada managing Canada's foreign exchange reserves and 10 years as Director of Forex Trading at Alberta's ATB Financial, a provincial crown bank. B.Comm/MSc, CFA X=@PeterRHann1

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PeterHannCFA
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Interesting moves in the tech sector post earnings announcements. Yesterday Tesla dropped 12% post earnings as the company missed earnings slightly and provided "notably lower" downward guidance on EV sales. In what has been termed a "train wreck " of a call. Elon Musk and other Tesla executives provided little of substance for analysts looking for details. The move wiped out about $82 billion in market capital. Still, one has to wonder at the severity of the drop. Today it was Intel's (INTC) turn. On the surface, the company reported EPS of 54 cents/share, versus consensus of 45 cents. So why did the Intel's share drop 8.6%? It comes down to the outlook, the current quarter was forecast was $12.2 billion versus previous market assumptions of $14.2 billion. Looking deeper into the weeds, revenue in the chip making division was down 10%. That is the key, because much of the hype in the Magic 7 stocks relies on assumption of significant growth in chip demand. Now I could likely writ
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Interesting moves in the tech sector post earnings announcements.
PeterHannCFA
Public Post
I will likely be doing a lot of posting on Gold here. One thing coming up is a Chinese court on Jan 29th will decide whether Evergrande will be wound down as some creditors are demanding. In December, before the court deferred the decision to Jan 29th, gold ran yup to $2,140 an ounce in early Asian trading. There may be some concection between Chinese funds/retail selling property funds and buying gold , physical and futures.