Friday Saw Markets Rocket Higher

Things you need to know: Oil gets crushed again – down 19% Europe begins to return to normal NYC, NJ and FL have seen the peak – flattening the curve is working Reams of eco data this week – all expected to be fairly negative More Earnings Try the Mahi Mahi KENNY POLCARI, EditorChief Market [...]

By |2020-04-24T11:08:25-04:00April 20th, 2020|Morning Thoughts by Kenny Polcari|

Good Morning America, It’s Friday

Things you need to know: Trump lays out a 3-part plan GILD announces early positives “results” for remdesivir Roche (Switzerland) makes progress on an antibody test. Global markets are surging (think a bit of relief – but this ain’t over) Energy continues to get hammered (not good) Try the Spagehtti Aglo Olio KENNY POLCARI, EditorChief [...]

By |2020-04-24T11:08:26-04:00April 17th, 2020|Morning Thoughts by Kenny Polcari|

Economic Data Was NOT Good

Circuit breaker limits today Level 1 – S&P must fall 7% – 194.84 pts Level 2 – S&P must fall 13% – 361.84 pts Level 3 – S&P must fall 20% – 556.67 pts. The economic data was NOT good. In fact, it was horrible. Industrial Production (IP) fell by 5.4% - month/month and was [...]

By |2020-04-16T11:07:02-04:00April 16th, 2020|Morning Thoughts by Kenny Polcari|

Stocks Surged Yesterday

Circuit breaker limits today Level 1 – S&P must fall 7% – 199.22 pts Level 2 – S&P must fall 13% – 369.99 pts Level 3 – S&P must fall 20% – 569.21 pts. Stocks surged yesterday even after difficult reports from both JPM and WFC, the International Monetary Fund and guess who? Yup Goldman [...]

By |2020-04-15T11:07:16-04:00April 15th, 2020|Morning Thoughts by Kenny Polcari|

The Beauty Pageant Begins

Circuit breaker limits today Level 1 – S&P must fall 7% – 193.31 pts Level 2 – S&P must fall 13% – 359.01 pts Level 3 – S&P must fall 20% – 552.33 pts. Stocks fell in early pre-market trading and then continued to move lower after the opening bell rang yesterday, as US investors [...]

By |2020-04-14T11:08:04-04:00April 14th, 2020|Morning Thoughts by Kenny Polcari|
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