Things you need to know ~ Its been a tough year. The Grinch stole the Santa rally -investors doing lots of tax loss harvesting and re-allocating to sectors that they think will do better next year. The headlines are all negative, path of least resistance is lower Will covid strike again as a new surge in China is a big …
Remember – Moves will be exaggerated! Don’t stress – Try the Cheesecake
Things you need to know ~ Stronger eco data cause the algo’s to go into sell mode… Bearish comments from Davey Tepper only add to the angst Winter storm hits the nation…Oil trades higher Try the Cheesecake – It is so good. I am taking a couple of days off next week – so expect the next letter on Friday …
MU disappoints – but is that really NEW news? – Try the Shrimp Scampi
Things you need to know ~ NKE and FDX please the algo’s – Mkts push higher MU disappoints post the bell, ruins the tone…futures lower Oil kissing $80, Gold holds steady at $1824/oz The kids (FTX) are singing like canaries…SBF on US soil… Try the Shrimp Scampi w/broccolini Existing home sales – plunge…down 7.7% vs. the -5.8% that was expected …
Futures are UP! Santa is on his way! – Try the ‘Shka-Rola & Beans’
Things you need to know ~ It’s gonna get quiet but moves could still be exaggerated. Futures are up – Is Santa coming? OIL higher – China imports rise (really?) OPEC remains ‘proactive’ NKE and FDX BEAT on earnings…and suggest the bottom is NOT falling out. Try the Escarole and Beans (Shka-rola and beans) ** My appearance with Charles Payne …
MS jumps in bed with GS – calls for S&P 3000! – Try the Stuffed Branzino
Things you need to know ~ It’s the end of the year and moves will continue to be exaggerated MS revises outlook and calls for a 20% drop from here Treasuries remain inverted…. Eco data is all about housing. Try the Stuffed Butterflied Branzino So, the story remains the same – Where is Santa??? Stocks continued to come under fire….the …
“Rudolph – Won’t you Guide the Sleigh Tonight…” – Try the Butterscotch Clusters
Things you need to know ~ Stocks suffered 2 weeks of decline – Where is Santa? Global central banks all line up on the same side – rates to go higher. Gold pierces $1800 again – resistance at $1816 Oil bounces around – demand destruction and then not so much…. The Holidays have begun…. Try the Butterscotch Clusters – Yum! …
Global Central Banks FALL in line…Rates on the Move! Stocks Adjust! – Try the Candied Pecans
Things you need to know ~ Global central banks follow JJ’s lead and tell us – ‘it isn’t over yet..’ Stocks react by moving lower…. surprised? Don’t be…did you think they would rally hard? Renewed talk of a recession was apparently ‘re-ignited’ – Challenge! Try the Candied Pecans Global central banks followed suit (and stocks crashed) – raising rates (as …
JJ Has a BackBone! Rates will Continue to Rise! Algo’s Throw a Fit – #8 Try the Mussels Posillipo
Things you need to know ~ Hello? Can you hear me now? JJ remains steadfast – saying we are NOT close to ending rate hikes The dot plot leans to a higher terminal rate Stocks trade erratically and are lower this morning. Today is all about European, Latin American and Asian Central bank policy Try the Mussel Posillipo – recipe …
CPI? Was it What we Thought? What will JJ Say Today? – #7 – Try the Baked/Broiled Salmon
Things you need to know ~ Was the CPI report all that? Or are there hidden dangers? Today is FED day…will JJ stand tall or will he cave? Stocks rallied – but was it anything other than a bear market rally? Feast of the 7 Fishes – #7 Baked/Broiled Salmon It was all very dramatic…..but in the end – it …
Algo’s jump the gun…Will the CPI have a 5 handle? – #6 – Bay Scallops in a Black Truffle Cream Sauce
Things you need to know ~ Algos’ go into ‘buy mode’ ahead of today’s CPI What will the CPI say? Buy? Hold? Sell? Tomorrow is FED Day and then Thursday it is the ECB and The BoE Oil – pops by 5% – suddenly the supply/demand story makes a sense #6 – Bay Scallops in a black truffle cream sauce …
