Things you need to know. Tick Tock – as the clock counts down to 8:30 Jimmy Bullard floats a balloon – very coy Is 2024 even really realistic? Bitcoin kissing $63k – ahead of the Coinbase IPO tomorrow Oil is back above $60 Try the Orange/Brandy Chicken Parts Stocks hovered all day…and did essentially nothing……as [...]
Things you need to know. PPI explodes higher…..will CPI follow? Powell takes to 60 mins and says again – ‘Don’t worry’ Big macro data week and earnings are set to begin on Wednesday Global markets all lower as consolidation begins Try the Spaghetti al’ Tonno Friday 8:30 am……the gov’t was expected to announce the PPI [...]
Things you need to know. The dance continues….Each index a bit different Jay Powell – once again says – Relax…it’s all good The rotation reversing….from growth to value to value to growth… Chinese PPI suggests building inflation – US PPI due out at 8:30 Oil remains just shy of $60 Try the Shrimp Scampi And [...]
Things you need to know. FED says ‘RELAX”! Investors remained a bit cautious – but appear more bullish today Joey redefines Infrastructure and softens on the corporate tax rate Gasoline stockpiles rise – causing oil to back off just a bit… S&P 4100? Just 7 days after 4000? Hold on….. Try the French Country Chicken [...]
Things you need to know. Markets digest the Monday surge. Investors await today’s FED minutes – due out at 2 pm Oil – churns around the trendline as summer approaches Is Jamie Dimon setting the stage for earnings season? Try the Spaghetti Carbonara with Asparagus Tips **I am hosting my bi-weekly Blitzr Live event today [...]
Things you need to know. The macro data point to much brighter days ahead – stocks surge 10 yr. yields do not move…. suggesting that a buyer is in the wings? Oil falls 6% early on and ends the day down 4% as talk of increasing supply and new outbreaks take the shine off – [...]
Things you need to know. Markets were closed on Friday, Investors unable to react to eco data European investors got the first crack – US investors gearing up now More macro data will sure to confirm a robust recovery Yet – 10 yr yields, inflation and Biden infrastructure plan will cap short term gains S&P [...]
Things you need to know. End of quarter shuffle – Tech’s benefit 10 yr. yield rises to 1.77% yet stocks rise…are they getting comfortable? Joey makes the presentation – we did not hear anything new – big spending, bigger taxes. Pending Home Sales plunge – as mortgage rates rise and inventory remains low. Try the [...]
Things you need to know. Bonds down, Yields Up, Stocks Down Transports celebrate the re-opening of the Suez Canal Joey to unveil part 1 of his Economic Plan in Pittsburgh OPEC to hold the line on ‘supply discipline’ It is the end of the 1st qtr. Try the Lollipop Lambchops And so the story continues…..The [...]
Things you need to know. The Suez Canal opens up! Archegos begged the big banks to keep a secret Joey readies to announce his 3rd infrastructure program and much higher tax rates Is China getting ready to invade Taiwan? Oil retreats a bit but remains above $60/barrel The 10 yr ticking at 1.765% and likely [...]