G-7 Stays Put

G-7 stays put – the 8:30 am announcement that had them “watching” the global economy was not what the markets really wanted to hear causing the markets to flip flop in pre-market trading, going from positive to negative to positive as the market tried to decipher what the real message was. Then the FED – [...]

By |2020-03-04T10:02:11-05:00March 4th, 2020|Morning Thoughts by Kenny Polcari|

Stocks Soar!

Stocks Soar! The Bulls come back after being driven out of the heartland – the algos go wild on the UPSIDE… The Dow rallies by 5.1% or 1293 pts, the S&P surges by 4.9% or 136 pts, The Nasdaq adds 4.6% or 384 pts and the Russell tacked on 2.8% or 42 pts. What a [...]

By |2020-03-03T10:02:18-05:00March 3rd, 2020|Morning Thoughts by Kenny Polcari|

Irrational Behavior

Stocks opened lower on Friday, down 550 pts and proceeded to go even lower notching losses of more than another 1,000 pts by 10 am, as the bottom appeared to be falling out of the market. By 10 am on Friday, we had witnessed the market lose more than 4,500 pts in less than one [...]

By |2020-03-02T10:10:38-05:00March 2nd, 2020|Morning Thoughts by Kenny Polcari|
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