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So far global has created 591 blog entries.

No surprises here

In yesterday’s Humphrey Hawkins testimony, Fed Chair Jay Powell told the House Financial Services committee that the Fed: “…is closely monitoring the coronavirus situation for a potential hit to China and the global economy.”   Telling those same members of Congress that: “…too early to say how the coronavirus will ultimately impact the US economy.” [...]

By |2020-02-12T10:04:36-05:00February 12th, 2020|Morning Thoughts by Kenny Polcari|

The momentum guys were at it again

The momo guys (momentum) were at it again. While the headlines are still fairly concerning, the momo guys are completely ignoring it, choosing instead to focus on the robust US macro data, which is ok, until it isn’t but we’ll discuss that in a bit… sending both the S&P and Nasdaq to new all-time highs. [...]

By |2020-02-11T10:02:11-05:00February 11th, 2020|Morning Thoughts by Kenny Polcari|

Another big week for the markets.

Stocks surged higher all week and then sold off on Friday as investors/traders/algos took a breather, locking in some gains after seeing the indexes surge more than 3% each as “fear” over the coronavirus subsided. It reared its ugly head again on Friday, which makes sense as we went into the weekend. Market participants (mostly [...]

By |2020-02-10T10:17:24-05:00February 10th, 2020|Morning Thoughts by Kenny Polcari|

Stocks continue to surge…

Stocks continue to surge, as if there will “never be a down day” again. News that China is cutting tariffs caught everyone a bit off guard, leaving more room for the algos to take the market higher. Now, is it me or does it appear to be a coincidence that China announced the cuts on [...]

By |2020-02-07T10:19:45-05:00February 7th, 2020|Morning Thoughts by Kenny Polcari|

Stocks continue the rally

Stocks continue the rally, taking the indexes higher yet again as investors/traders and algos don’t seem to care at all about the coronavirus at all. In fact, what I find very funny this morning is a quote in Wall Street Journal by RBC’s Global Macro Strategist, Peter Schaffrik: “The story in the market is the [...]

By |2020-02-06T10:09:12-05:00February 6th, 2020|Morning Thoughts by Kenny Polcari|

Let’s Recap

Let’s recap – just to make sure we are all on the same page: Friday night, US Stocks get slammed, falling more than 600 pts and sending warning signals that the coronavirus was getting worse. All day pundits on TV telling investors/traders to sit back, that this was different this time. It was not like [...]

By |2020-02-05T10:07:16-05:00February 5th, 2020|Morning Thoughts by Kenny Polcari|

New political risk – or not?

Chinese stocks, which got slammed on Monday, wiping out nearly $720 billion worth of value, did a complete 180 and rallied as a new day dawned over the region, reacting to the surge in shares out of Europe and the US on Monday. Overnight, investors/traders and algos attempted to make sense of the plunge that [...]

By |2020-02-04T10:06:04-05:00February 4th, 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|
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