March 17, 2020 Futures go wild overnight- UP 1100 and then Down 500 REGN announces a possible breakthrough on the virus – Futures turn UP Europe remains the epicenter Lessons on ETFs and mathematical model algos Try the Grilled Rib-Eye w/Gorgonzola Cream Sauce KENNY POLCARI, Editor, Chief Market Strategist, and Consultant Level 1 – S&P must fall 7% – …
Global Markets Collapse as the Virus Spreads
Things you need to know: Global markets collapse as the virus spreads Oil under pressure as the Saudis ramp up production Jay Powell – suggests that both 1st and 2nd quarter growth will be negative. Remember – people sell what they can in times of panic and stocks are easy to sell Try the Sweet Sausage Risotto KENNY POLCARI, Editor, …
COVID-19 Statement
March 12, 2020 Dear Clients and Friends, At SlateStone Wealth, the health and safety of our clients, employees, and business partners is a top priority as is providing a high-level continuation of our services in times of uncertainty. Amid the growing concerns over the spread of the novel coronavirus (COVID-19), we are taking additional steps to be extra vigilant. This …
Stocks Got Smashed on Wednesday
Things you need to know: Global Markets continue to sell off Trump doesn’t use the word ‘bailout’ but does ban travel from Europe Oil continues to fall – teasing $30/barrel Try the Minestrone KENNY POLCARI, Editor, Chief Market Strategist and Consultant Circuit breaker limits today Level 1 – S&P must fall 7% – 191.90 pts Level 2 – S&P must …
So You Think It’s Over?
Things you need to know: Donny proposes 0% payroll taxes through year end Joey Biden takes a solid lead in the Democratic party leaving Bernie in the dust Market rallied 1200 pts! BoE – makes an emergency rate cut of 50 bps while the ECB sounds the alarm Try the Sweet Corn Crème Brulee KENNY POLCARI, Editor, Chief Market Strategist …
It’s a WAR Out There!
Things you need to know: Global markets attempting to rally (a little) Investors go bargain hunting across all sectors Russia stands pat saying that $30 oil is fine with them (Laughable) We all want some comfort – try the potato and eggs! KENNY POLCARI, Editor, Chief Market Strategist and Consultant Circuit breaker limits today Level 1 – S&P – 192 …
Global markets are in meltdown mode!
Things you need to know: Oil crashes – as the Saudi’s look to punish Putin – lows of the day $28/barrel Stock futures trade “limit down” – suggesting that US circuit breakers could be triggered The Safety Trade has a new definition as 10-year yields plunge Is the FED ready for another emergency cut? (Useless) Try the Spaghetti Fini with …
The “Two Viruses” Spread
Things you need to know: Markets continue to get hit by the two viruses – COVID19 and FED Policy As stocks fall, US Treasuries surge – sending yields to 0.795% this morning Russia says NO to production cuts – oil declines by 5% – WTI breaks $44/barrel Halts in trading happen when the S&P falls 7% — that would be …
Does it get any better than this? Joe Biden takes the lead, what now?
Things you need to know: Joey’s wins cause a visceral reaction in the markets. Bloomberg bows out and pledges millions to help the democrats Dow surges by 1200 pts – Algos do it again, but yesterday felt good! Try the Pacific Halibut KENNY POLCARI, Editor, Chief Market Strategist and Consultant Does it get any better than this? Joe Biden takes …
G-7 stays put
Things you need to know: Joey is alive and kicking butt all over the country – it is now a two horse race US futures rise as a Biden candidacy becomes more realistic – Bye bye Lizzy… The FED says that recent rout had ‘nothing to do with emergency rate cut’ (hahahahaha) Loretta (Mester) telling CNBC that this is a …
