Market Notes: One of the biggest investments in America’s infrastructure has been signed into law by President Biden. The bipartisan bill is the first of its kind in more than a decade. New spending is expected to exceed $1.2 trillion. The market’s reaction has been muted. The market closed flat yesterday and futures are near …
Watchlist: 11/16 Semis Blast Off as Crypto Crashes Read More »
Market Notes: There is a possibility of a bipartisan effort to legalize weed and the sector is showing signs of life. No one has seen the bill and there is no clear path forward. But this effort is reportedly led by Republicans and the Democrats have led on this issue for years. It’s not hard …
Watchlist: 11/15 Higher Expectations, Higher Markets Read More »
Market Notes: Yesterday the market finished mixed and but one index outperformed the rest. The Russell 2000, which tracks the smaller caps, gained a solid 0.8% while the Dow Jones, which tracks the big caps, lost 0.4%. Here’s the reality, small caps don’t rally in bear markets. With the bond market closed yesterday many institutional …
Watchlist: 11/12 Russell 2000 Risk-On Rally Returns Read More »
Market Notes: It’s a bank holiday, a big shout-out to all the veterans out there. Thank you for your service. I served in the Marine Corps from 2003 to 2008. The bond market is closed today and all the important market data was released yesterday, ahead of the holiday. No surprises on the jobless claims …
Market Notes: The markets are taking a breather, right on time with the seasonal rotation I’ve been talking about this week. Money is still flowing into the markets with a vengeance. You just need to pick your spots carefully. Yesterday I mention RBLX, it ended up exploding 40% higher, closing at a new all-time high …
Watchlist: 11/10 Seasonal Rotation … Watch the OTC Read More »
Since its big breakout in 2020 everyone wants to know … is it too late? Can I afford bitcoin? Should I buy bitcoin? Bitcoin has gotten Wall Street talking before. But this time, it’s different. Fidelity reported that 90% of high-net-worth clients are interested in bitcoin. And 70% of institutional investors are expecting to add …
Market Notes: Bitcoin is trading at all-time highs this morning! The revolutionary technology is leading the crypto sector higher and it’s more than just digital gold. Cryptocurrencies hold the potential to change everything. Crypto will play a huge role in the metaverse and this morning there’s a new sign of life on that front … …
President Biden is celebrating as a major piece of his agenda passed and $1.2+ trillion in new government spending is in the pipe. Internet and EV companies could see big benefits in the coming months and years. But the speculation is often worth more than the news. With the market super overbought the VIX soared …
Watchlist: 11/8 Infrastructure Passes, Elon Musk, & Bitcoin Read More »
Market Notes: As we finish out the market’s most bullish week I’m looking for the market to start to cool off a bit. After a big move like we’ve seen in the past week, the bulls will need a break. I’m not calling for a major reversal, I’m not calling for a crash. Heck, I’m …
Market Notes: Fed Chair Powell announce the bond purchases of $120 billion per month would start to slow this month. November and December bond purchases will drop by $15 billion each month. If that pace continues all their bond-buying would end by the middle of next year. Cutting the flow of cash to the market …
Watchlist: 11/4 Fed Tapers, Market Spike … It’s All Bulls Read More »
