Things you need to know. The macro data point to much brighter days ahead – stocks surge 10 yr. yields do not move…. suggesting that a buyer is in the wings? Oil falls 6% early on and ends the day down 4% as talk of increasing supply and new outbreaks take the shine off – (an overreaction in my view) …
Non Farm Payrolls Explode! Investors Chomping at the Bit – Try the Risotto All’ Amarone
Things you need to know. Markets were closed on Friday, Investors unable to react to eco data European investors got the first crack – US investors gearing up now More macro data will sure to confirm a robust recovery Yet – 10 yr yields, inflation and Biden infrastructure plan will cap short term gains S&P enters a new century – …
End of Qtr Shuffle Benefits Tech; Joe Presents his Plan – Try the Gemelli
Things you need to know. End of quarter shuffle – Tech’s benefit 10 yr. yield rises to 1.77% yet stocks rise…are they getting comfortable? Joey makes the presentation – we did not hear anything new – big spending, bigger taxes. Pending Home Sales plunge – as mortgage rates rise and inventory remains low. Try the Gemelli. It was the last …
It’s all about Pittsburgh – Try the Lollipop Lambchops
Things you need to know. Bonds down, Yields Up, Stocks Down Transports celebrate the re-opening of the Suez Canal Joey to unveil part 1 of his Economic Plan in Pittsburgh OPEC to hold the line on ‘supply discipline’ It is the end of the 1st qtr. Try the Lollipop Lambchops And so the story continues…..The Dow lost 104 pts or …
Archegos Wanted to Keep a Secret; 10 yr Yields close at 1.76% – Try the Garganelli
Things you need to know. The Suez Canal opens up! Archegos begged the big banks to keep a secret Joey readies to announce his 3rd infrastructure program and much higher tax rates Is China getting ready to invade Taiwan? Oil retreats a bit but remains above $60/barrel The 10 yr ticking at 1.765% and likely moving higher Try the Garganelli …
End of Quarter Window Dressing, Disruptive Tech in a Bear Market – Try the Grouper
Things you need to know. Broader market making new highs while tech continues to roll over Yardeni calls for 3% yield on the 10 yr with little to no disruption Disruptive tech in a bear market – what happened to buy the dip? Biden to announce a second ‘social infrastructure program’ costing $2 trillion on top of the $3 trillion …
Powell Causes Angst Early On; Investors Find Opportunities – Try the Chilean Sea Bass w/Sherry Cream
Things you need to know. Powell sends stocks lower in the morning; Joey takes to the podium for the first time since moving into 1600 Pennsylvania Avenue. 7 Yr. Note auction sends the 10 yr. up a bit causing traders to whip around stocks. The EverGreen Container ship stuck in the Suez Canal is expected to disrupt global trade for …
The Rotation Continues, Tech Under Assault – Try the Risotto w/Cauliflower and Truffle Butter
Things you need to know. Stocks get slammed as investors consider what’s next All while Bond Yields continued to retreat – hmmmmm? The rotation continues….as investors go from Sexy to Boring Biden puts Kamala in charge of the border and he is about to make his 1st press appearance today at 1:15 pm Try the Risotto w/Cauliflower and Truffle Butter …
New Homes Sales Plunge, Bonds Retreat & Stocks Retreat – Try the Chicken Cutlet Milanese
Things you need to know. New Home Sales Plunge – Stocks under pressure even as yields retreat. Janet and Jay provide fodder for the coming SNL Episode. Oil – which got slammed yesterday on demand concerns if finding bargain hunter buyers today. Try the Chicken Cutlet Milanese *** I am hosting my Blitzr Live Event today with my good friend …
Yields Retreat/Tech Rallies – Try the Greek Style Chicken
Things you need to know. Yields retreat sending Tech Stocks surging Talking heads telling everyone ‘not to overthink it’ Cathie Woods is the new Warren Buffet – predicting $3000/sh for Tesla Oil under pressure, the Russell under pressure – makes sense as they have so outperformed in recent weeks Try the Greek Style Roasted Chicken. Good morning America! And Good …
