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 [...]
Things you need to know. Broader market making new highs while tech continues to roll over Yardeni calls for 3% yield on the 10 yr with little to no disruption Disruptive tech in a bear market – what happened to buy the dip? Biden to announce a second ‘social infrastructure program’ costing $2 trillion on [...]
Things you need to know. Powell sends stocks lower in the morning; Joey takes to the podium for the first time since moving into 1600 Pennsylvania Avenue. 7 Yr. Note auction sends the 10 yr. up a bit causing traders to whip around stocks. The EverGreen Container ship stuck in the Suez Canal is expected [...]
Things you need to know. Stocks get slammed as investors consider what’s next All while Bond Yields continued to retreat – hmmmmm? The rotation continues….as investors go from Sexy to Boring Biden puts Kamala in charge of the border and he is about to make his 1st press appearance today at 1:15 pm Try the [...]
Things you need to know. New Home Sales Plunge – Stocks under pressure even as yields retreat. Janet and Jay provide fodder for the coming SNL Episode. Oil – which got slammed yesterday on demand concerns if finding bargain hunter buyers today. Try the Chicken Cutlet Milanese *** I am hosting my Blitzr Live Event [...]
Things you need to know. Yields retreat sending Tech Stocks surging Talking heads telling everyone ‘not to overthink it’ Cathie Woods is the new Warren Buffet – predicting $3000/sh for Tesla Oil under pressure, the Russell under pressure – makes sense as they have so outperformed in recent weeks Try the Greek Style Roasted Chicken. [...]
Things you need to know. Dow and S&P lower – Nasdaq higher Treasury rates lower helping to fuel that advance. Big banks still under pressure after last weeks announcement Taxes, Infrastructure, and more taxes at now at the top of the list Oil, Bitcoin and Ethereum all holding steady The S&P about to test short [...]
Things you need to know. Investors reconsider the inflation narrative Stocks sold off – Tech once again gets smashed European markets under pressure as more lockdowns are announced AZN vaccine gets the OK from European regulators Drama in Alaska – It’s just noise Oil retreats as the hysteria crew creates hysteria over demand Try the [...]