Things you need to know Jay Powell takes the stage at 10 am and he did NOT disappoint Investors took stocks higher as they celebrated a taper w/out a rate rise Ida slams the Louisiana coast – watch the insurance stocks Energy gains ahead of the hurricane – expect some pullback before the next advance. ADP and Non-Farm Payroll this …
Video source missing
Powell Takes the Stage at 10 am EST – Period – Try the Grilled Pork Chop w/Cherry Tomatoes
Considering the American tragedy yesterday – I offer my condolences and prayers for each of the American families that suffered huge losses and will suffer great pain in the days and weeks ahead. God bless all of you, God bless our veterans and God Bless America. ___________________________________________________________________________________ Let us never forget…. Things you need to know – Jay Powell takes …
Hello Jackson Hole!! (via Zoom) – Try the Pan Seared Garlic Butter Rib-Eye
Things you need to know It is Jackson Hole 2021 (finally) Markets make new highs going into the meeting VIX reflects zero event risk Oil traders taking profits after the 9% spike Try the Pan Seared Butter Garlic Rib-Eye Investors took stocks higher on Wednesday on lower volumes (we discussed this…end of August, vacations etc.) in what was a relatively …
The Market Did NOT Go Down, Nancy Pulls out All the Stops – Try the Beef Short Ribs
Things you need to know The market did NOT go down Economic data was just a bit weaker – positive for FED policy The house passes a $3.5 Trillion blueprint for the human infrastructure bill Oil rallies and has now gained back 9.5% in 3 days. Joey commits to the Taliban imposed August 31st end date Try the Beef Short …
FDA Give Final Approval, FED expected to Say Nothing New, Investors Rush In – Try the Simple Baby Back Ribs
Things you need to know PFE/BioNTech get full FDA approval – Investors celebrate Eco data mixed; PMIs suggest weakness. Pelosi fails to advance the $3.5 trillion package and she isn’t happy – but she will try again today. Expect that there will be hell to pay if members don’t fall in line. Oil surges 5.5% and is up again today …
It is Jackson Hole Week – Is the FED Playing w/Fire? – Try the Spaghetti w/ Roasted Sweet Red Pepper Sauce
Things you need to know Stocks ended the week a bit black and blue but today it’s all green Focus on the virtual Jackson Hole Summit – Some of the members now suggesting that delta may cause them to hold off Dollar strengthens, putting pressure on commodities – Oil getting hit by that story and the demand destruction story – …
More Volatility Ahead….Russell & Transports Hovering at Correction Territory – Try the Mostaccioli w/Arugula & Cannelloni Beans.
“What’s Next for the Markets?” On Thursday, August 26th – As the Chief Market Strategist at Slatestone Wealth – I will be interviewing CNBC’s Ron Insana about the State of the Union…. With the start of the Jackson Hole Fed Meeting that afternoon, this interview could not be timelier. What to expect? What does the split in thinking mean for …
The FED Fracture Suggests a Break, The Tali is Suing Over Free Speech – Try the Chicken Soup
Things you need to know FED minutes suggest a bit more of a fracture among the Paparazzi Sellers having a second thought on current valuations, while the buyers are undeterred, but choose to bid lower! (Wink wink) The VIX soars and is up another 20% this morning. Oil – taking it on the chin – breaking $63 before rebounding. Is …
Call the Police! – Stocks FELL – Who Stole the Buyers? FOMC Mins only Hours Away – Try the Rib Eye Pizzaiola
Things you need to know Stocks fell? No way… Eco data was weaker than expected and HD and WMT beat estimates but disappoint the trader types VIXY and SH – two ways to help hedge your portfolio Try the Rib-Eye Pizzaiola Stocks FELL!!! No, that is not a typo…. Stocks FELL…. quick someone call the police – How could that …
