Markets continue to be on a “roller coaster”

Markets continue to be on a “roller coaster” as investors/traders/algos continue to consider all the implications of the coronavirus, BREXIT, GDP, reported at +2.1% beating the estimates of +2%, Oil, macro data, ongoing earnings, falling treasury yields, and the drama of the Trump Impeachment proceedings (this was more entertainment versus market moving reality TV). Recall [...]

By |2020-01-31T10:05:26-05:00January 31st, 2020|Morning Thoughts by Kenny Polcari|

Markets continue to be on a “roller coaster”

Markets continue to be on a “roller coaster” as investors/traders/algos continue to consider all the implications of the coronavirus, BREXIT, GDP, reported at +2.1% beating the estimates of +2%, Oil, macro data, ongoing earnings, falling treasury yields, and the drama of the Trump Impeachment proceedings (this was more entertainment versus market moving reality TV). Recall [...]

By |2020-01-31T10:05:26-05:00January 31st, 2020|Morning Thoughts by Kenny Polcari|

Stocks are confused

The coronavirus continues to affect more people. The death toll is now 177 people and the number of infected people now stands at better than 7000! The FED leaves rates unchanged (expected), but warns of a global slowdown due to “the virus.” TSLA kills it, and the junkies can’t get enough, sending the stock up [...]

By |2020-01-30T10:03:27-05:00January 30th, 2020|Morning Thoughts by Kenny Polcari|

So stocks did bounce yesterday

So stocks did bounce yesterday, as global investors put any concerns over coronavirus onto the back burner, no longer fearful the way they were on Monday, when stocks got slammed. Suddenly, all of the fears of contagion suddenly disappeared, which goes to show you that so much of the action, both fear and euphoria, is [...]

By |2020-01-29T10:02:09-05:00January 29th, 2020|Morning Thoughts by Kenny Polcari|

So it rained yesterday.

“Someone told me long ago, there’s a calm before the storm, I know it’s been comin’ for some time, When it’s over so they say, It’ll rain a sunny day, I know shinin’ down like water, I want to know, Have you ever seen the rain?  I want to know, Have you ever seen the [...]

By |2020-01-28T10:07:24-05:00January 28th, 2020|Morning Thoughts by Kenny Polcari|

This is a BIG week for the markets

**See my appearance on CNBC WorldWide Exchange this morning – click here…. In a complete about-face to what the Europeans did on Friday, where all of those markets ended the day higher by 1+% US indexes, got slammed. While they appeared to want to trend higher in the early morning, the tone quickly changed as [...]

By |2020-01-27T10:06:06-05:00January 27th, 2020|Morning Thoughts by Kenny Polcari|

Focus on earnings

BREAKING NEWS: Huanggang now joins Wuhan (epicenter of the coronavirus outbreak) as the second Chinese city to be in “lock down” mode in an attempt to control and contain the fast spreading coronavirus, with authorities shutting down all modes of transport into and out of these cities. No planes, trains, or automobiles! Now while this [...]

By |2020-01-23T10:07:10-05:00January 23rd, 2020|Morning Thoughts by Kenny Polcari|

Markets rebound after yesterday’s angst

Innocuous is defined as not harmful or offensive. In yesterday’s note, I suggested that at some point we would get an innocuous event that would cause markets to back off a bit. Was yesterday’s news “that event?” Stocks closed lower yesterday. It’s “Sleepless in Seattle” as the US has its first case of CoronaVirus. The [...]

By |2020-01-22T10:04:28-05:00January 22nd, 2020|Morning Thoughts by Kenny Polcari|
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