Market Notes: After Monday’s bounce, markets have given up most of yesterday’s gains in the premarket session. Markets are showing to be extremely sensitive to the news cycle at the moment. But have yet to pick a direction… One outlook is bullish. Yesterday before the market opened, hedge-fund manager Bill Ackman tweeted that a “more …
Market Notes: Let’s slow down and look at the numbers. First, understand this, it doesn’t matter what you believe. It matters what the market believes. The market is the collective thinking of millions of people betting trillions of dollars on what they think will happen next. Since the COVID-19 pandemic began there have been over …
Watchlist: 11/29 Difficult Delta, Missing Mu, Ominous Omicron Read More »
Market Notes: New jobless claims came out on Wednesday and much to the delight of the market the number reached a 52-year low. Unfortunately, markets have moved on to the next shiny object, the latest variant of COVID-19. The variant, first detected in South Africa, is the reason Germany and the UK have banned travel …
Watchlist: 11/26 COVID-19’s New South Africa Variant Sends Markets into Freefall Read More »
Market Notes: Gas prices have soared this fall and governments across the world are finally taking action. The Biden administration along with China, India, South Korea, Japan, and Britain are tapping oil reserves. This will increase supply, which should provide downward pressure on prices and help inflation levels stabilize. Since the announcement, crude oil prices …
Watchlist: 11/24 Oil Release, Happy Thanksgiving! Read More »
Market Notes: News broke yesterday morning that Fed Chair Powell will stay for another term. The Republican started his Washington career under George H.W. Bush in 1992. Love him or hate him Powell will be at the helm for the next four years. Market’s reacted positively initially but faded during the day closing in the …
Market Notes: Turkey day is Thursday, the markets will be closed. Then just a half-day on Friday. Many institutions are taking the entire week off. So expect lighter volume and muted action. That’s what one expects but futures are pointing towards a bullish run. Historically Thanksgiving week is a bullish week and the Monday that …
Market Notes: Hedge fund manager and perma-bear Michael Burry (made famous by shorting the housing market in 2008 and glorified in the movie “The Big Short”) has canceled his renewed calls for “the mother of all crashes.” To protect himself and his clients against this “crash” he shorted TSLA and ARKK. He lost money on …
Market Notes: Some stocks that rely on retail sales have been getting hit pretty hard. TGT, ROKU, and PYPL all posted significant losses after disappointing earnings calls. Energy, which has been flying high, took a dive too. Oil futures fell below $80 for the first time this month. Prices are down about 10% since making …
Watchlist: 11/18 Retail Smashed, Oil Plummets … Buy EVs Read More »
Market Notes: We’re not short on hot sectors right now, but there’s another one slowly emerging from shadows … Quantum computing has already shown signs of life with IONQ, ARQQ, & SNII. Yesterday CBNC ran a bit about the space and how investment in the space is exploding. One honorable mention left out of the …
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 »
