Things you need to know: Stocks surge up and through resistance leaving worries behind It’s a big earnings day and so far it’s all good – even as companies forgo guidance Europeans look to begin to re-open while the US has already begun Oil under pressure as the USO sells all their exposure to June – $10 is a KEY …
Hope Is Alive!
Things you need to know: Bank of Japan – leaves rates unchanged but will buy more of everything FED and ECD decisions due out later this week Oil down 13%, Diamond Offshore files for protection Big week for macro data and earnings around the world Markets are gaining ground this morning as plans for re-open take shape Try the Tuscan …
Stocks Were All Over the Place
Things you need to know: GILD disputes the China findings Stocks give back the advance yesterday but try again today S&P tests higher and fails – but will try again today Try the Slow Roasted Sirloin Circuit breaker limits today Level 1 – S&P must fall 7% – 195.85 pts Level 2 – S&P must fall 13% – 363.71 pts …
What a Difference A Day Has Made
“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 …
