Things you need to know: Jay Powell educates the Senate – today it’s the House Eco data continues to show improvement – but is the market still ahead of itself? 6 States report upticks – still not sure if it is because of more testing or new spread US futures struggling to stay positive – Dexamethasone showing positive results Try …
The FED to the Rescue!/try the Scampi
Things you need to know: FED to the RESCUE again! Today they begin to buy corporate bonds in the secondary market Jay Powell to appear on Capitol Hill for the next two days to explain monetary policy Central banks around the world remain accommodative Oil rallies – why? A surge in demand! You can’t make this up! Try the Shrimp …
Too Far, Too Fast – Try the Linguine and Clam Sauce
Things you need to know: Volatility continues as new infections appear in Beijing 20 states report a rise in infections as testing increases The US remains on course to re-open Markets under pressure as the chaos continues Try the Linguine and Clam Sauce Stocks bounced and tried to recover from the beating they took on Thursday – some questioning whether …
Will the Bulls Defend the Market?/ Try the Watermelon & Tomato Salad
Things you need to know: The Earth moved and the markets shook Second wave discussions causing so much angst – unnecessarily? Global markets did not follow suit – in fact, Europe is higher US futures now pointing to gains – was the move an overreaction? Try the Watermelon/Tomato Salad “I feel the earth move under my feet, I feel the …
“Whatever it Takes” Try the Linguine Puttanesca
Things you need to know: JP tells it like it is and promises unending support – market liked it and now it hates it. Stocks sold off on Wednesday – sending global markets into a tailspin All the negativity re-accelerates the whole virus resurgence story – of course it does Oil and all those highflyers – airlines, cruise ships, and …
Stocks Take a Break Ahead of the Fed/ Try the Country Roasted Chicken
Things you need to know: It’s FED day –Slow down you crazy child – You’re so ambitious for a juvenile… Global markets on pause as the world awaits OECD makes a bold prediction and it ain’t pretty Oil under a bit of pressure as US inventories build – blah, blah, blah… Try the Roasted Country Chicken So stocks did exactly …
There is No Alternative/Try the Veal Cacciatore
Things you need to know: Stocks pause – World Bank sees a 5.2% decline in global economy for 2020 The eco data remains weak yet there is no alternative (TINA) S&P goes positive on the year – but may go negative by end of day today Value or Growth? Or is it just a money play as algos scan for …
A Stunning Reversal – Try the Swordfish
Things you need to know: Asian markets end higher/ European markets trading lower this morning US futures are up – as the excitement continues El-Erian – One of the guys stoking the fears of collapse is now suddenly justifying why the market is up…think FED…blah, blah, blah… Oil pierces $40 as OPEC+ extends production cuts through July Try the Grilled …
Say it again, Stan!, Try The Stuffed Zucchini Flowers
Things you need to know: ECB adds more stimulus to their program sending markets surging even as eco data is weak The clock ticks towards 8:30 when we get the monthly NFP report – Money moves out of some of the outperformers into the underperformers as investors bet on the recovery Airline stocks on FIRE… Oil pierces resistance as it …
The Explosion Continues…Try the Drunken Spaghetti
Things you need to know: Global markets taking a breather ECB set to announce more stimulus Markets remain cautious on the re-opening Infection rates bouncing around but mostly in line with expectations Try the Drunken Spaghetti And the explosion continues… ADP employment report showing only 2.7 mil job losses in the last month and while that sounds ridiculous to say …
