Things you need to know: Early voting is underway so let the games begin Market action being driven by the noise vs. the fundamentals Tech does an abrupt turnaround in late-day trading The UK about to announce new virus controls – a second shutdown? Try the Pumpkin Risotto Dow, S&P, Nasdaq, and Russell get smushed… Stocks close broadly lower – …
Markets are Under Siege – Try the Fish & Chips
Things you need to know: Global Markets under siege – Virus, Vaccine, Banks, Tech and death of RBG 5 global banks alleged to have ‘laundered’ money on behalf of some ‘bad guys’ Tech continues to come unglued – as algo’s run for the exits Tech is more than 5 stocks – don’t make emotional decisions (see link) ORCL/WMT make TikTok …
When Zero is Not Enough – Try the Risotto Amarone
Things you need to know: So 3 yrs of zero rates isn’t enough to keep them happy? Maybe it’s just that stocks are a bit ahead of themselves No eco data today to drive the action Global markets marking time S&P held trendline support – will we test again today. Try the Risotto Amarone So I guess the idea that …
Let it Snow, Let it Snow, Let it Snow!!! Try the Puttanesca…
Things you need to know: SNOW? It was a blizzard of activity! Fed Chair Jay Powell promises to keep rates low for 40 more months He does not announce any new stimulus plans and the algo’s are not happy Trump announces a vaccine by end of Oct? CDC Director Redfield says ‘no way’ – Oh boy… Futures are lower and …
New Apple Groupies & It’s getting ready to SNOW – Try the Veal
Things you need to know: Ok – so Tech is reborn and everyone is piling in… Apple creates a new set of ‘groupies’ SNOW is about to blow the roof off the house in its IPO debut The FED announces at 2 pm – no change expected…but investors will listen for clues 3Q Earnings reports will put a new focus …
Merger Mania – Try the Striped Bass
Things you need to know: It’s a TECH Merger Mania Nvidia scores BIG – expect AI to invade every part of your life beyond where we are NKLA fights back – as the stock continues to collapse OIL rallies – IEA cuts estimates for 2020 – joining the industry Apple sponsors its ‘Time Flies” virtual event Try the Striped Bass …
The Wild Ride Continues – Try the Rib Eye
Things you need to know: The ride continues – and stocks are surging this morning… Are the markets ready for what could be a contested election? Virus cases re-emerging around the world – suggesting that no one got it right OPEC cuts 2020 forecast and trims 2021 ahead of Thursday’s meeting Try the Rib Eye in a San Marzano Sauce …
Shake the Branches – Try the Minestrone
Things you need to know: It is Friday, September 11, 2020 – 19 years ago – it was a moment that changed our lives. Mkts get banged up yesterday but US Futures are attempting to surge once again. DC fails to pass another stimulus bill – I say – Stop paying them… Buyers cancel inline demand and Sellers ‘panic’… Try …
A Dead Cat Bounce? – Try the Angry Lobster
Things you need to know: Stocks ripped higher – in a ‘snap back’ rally What has changed? Nothing Markets must test trendline support 2 more times API reports a build in oil inventories – Will the EIA do the same? ECB to announce the latest policy moves – no change expected Try the Angry Lobster Stocks ripped higher in what …
The Selloff Continues – Try the Try the Chicken/Sausage and Sweet Vinegar Peppers
Things you need to know: The selloff continues but let’s not get hysterical… it is September Now the market is all about TESLA? Ridiculous Gamma Squeeze/Reverse Conversions – all very complex In the end – it’s a come back to ‘reality’ move – nothing more Long Term Investors be patient – while the Day Traders Puke Try the Chicken/Sausage and …
