“What a difference a day made, Twenty-four little hours, Brought the sun and the flowers, where there used to be rain…” Dinah Washington – 1959 Things you need to know: Markets bounced as oil rocketed higher Energy bankruptcies will support the legal industry for years to come Trump threatens the Iranians and Chubby (Kim Jong Un) remains “missing” Tanker stocks …
A Bigger Downbeat
Things you need to know: Markets bouncing as oil stabilizes Expect continued volatility as we move through earnings Trading around a core position is what institutional asset managers do! Complex and levered ETFs continue to add risk – see below Try the Orrechiette Circuit breaker limits today Level 1 – S&P must fall 7% – 197.62 pts Level 2 …
This Week Begins on a Downbeat
Things you need to know: Oil has historic move and goes negative Someone is nursing their wounds – we have yet to find out who Global markets under pressure again today as the oil story takes center stage More earnings as companies withdraw forward guidance. Try the Cauliflower Risotto with Truffle Butter Circuit breaker limits today Level 1 – S&P …
Friday Saw Markets Rocket Higher
Things you need to know: Oil gets crushed again – down 19% Europe begins to return to normal NYC, NJ and FL have seen the peak – flattening the curve is working Reams of eco data this week – all expected to be fairly negative More Earnings Try the Mahi Mahi KENNY POLCARI, Editor Chief Market Strategist, and Consultant …
Good Morning America, It’s Friday
Things you need to know: Trump lays out a 3-part plan GILD announces early positives “results” for remdesivir Roche (Switzerland) makes progress on an antibody test. Global markets are surging (think a bit of relief – but this ain’t over) Energy continues to get hammered (not good) Try the Spagehtti Aglo Olio KENNY POLCARI, Editor Chief Market Strategist, and Consultant …
Economic Data Was NOT Good
Things you need to know: Banks allocate more than $25 billion to cover expected loan losses Key economic reports today – Expect 5 million more people to file Virus cases slowing in Europe and appear to be slowing in the US Stocks attempting to focus on the positives – more bank earnings due out this morning Try the Pork Loin …
Stocks Surged Yesterday
Things you need to know: More bank earnings hit the tape The Saudi’s launch another price war – Oil plunges The IMF cuts global growth to -3% from January’s forecast of +3.3% Goldman does it again. Buy, Sell, Buy then Sell again – all in 4 days US futures off 2% as the sun rises over the East coast Try …
The Beauty Pageant Begins
Things you need to know: Earnings kick off – JNJ kills it while JPM gets killed! Both stocks moving higher in early trading Europe begins to re-open – Italy and Spain taking it slow, while Germany comes up with a plan The US is starting to talk about re-opening as well – Cases declining Futures surging Try the Grilled Lobster …
The Fed Did It Again!
Things you need to know: OPEC+ and Russia strike a deal Oil rallies then backs off Stocks in Risk Off mode today as major markets around the world are closed for Easter Monday Earnings start in earnest tomorrow with JPM kicking it off. Try the Farfalle KENNY POLCARI, Editor Chief Market Strategist, and Consultant Circuit breaker limits today Level …
Stocks Surged Out of the Gate
Things you need to know: Bernie Sanders drops out – markets surge (yesterday) Energy, Tech, and Healthcare leading the charge US futures lower this morning ahead of economic data The virus supposedly peaking on the East Coast OPEC and the Russians to “ZOOM” at 10 am EST – Oil up 6% Try the Leg of Lamb KENNY POLCARI, Editor Chief …
