Things you need to know. Treasuries spike again -causing renewed angst. Fed Chair Powell will take center stage – can he calm the tone? The battle remains over the pace of rate increases. Will the song change from ‘Don’t Worry Be Happy’ to ‘Disco Inferno’? Try the Pork Cutlet Milanese So, I guess…. the markets [...]
**Join me today at 4 pm EST on my Blitzr Live Event where I will be interviewing CNBC’s Jim Iuorio about markets, trading and his difficulties in owning a small business (Restaurant) in Chicago during this crisis – It is sure to be fun. This is a free event – click on this link to [...]
Things you need to know. It was a global celebration! Stocks surged around the world. Apparently, everyone worried about where US 10 yr. yields are going. Eco data remains strong, almost too strong. Fundamentals continue to suggest higher rates so expect volatility to continue. Dollar rallies a bit, commodities decline, OPEC hints at supply increases. [...]
Things you need to know. Rate surge caused market to stumble – Stocks took turns getting hit. Reassurance by central banks is helping yields to back off – Stocks around the globe rally and – Goldy says ‘don’t be ridiculous.’ CDC approves the J&J vaccine, and the House passes a $1.9 trillion relief bill. CPAC [...]
Things you need to know. Yields surged up and thru 1.5% challenging the S&P 500 Dividend Yield Eco data continues to exceed expectations. Nasdaq and Russell get hit hard, S&P and Dow not so much. Futures lower again – Will the S&P now pierce key trendline support. Oil pulls back a bit and Bitcoin takes [...]
Things you need to know. Its all about the THEME Stocks did a 180 yesterday and are breathing today. Dollar continues to weaken – sending commodities up again. Dollar continues to weaken – supporting the big multi-nationals too! Wil today’s macro data continue to ‘exceed expectations?’ Try the marinated Pork Loin. The THEME: Exceeding Expectations…. [...]
Things you need to know. The decline was brought to a halt as Powell confirmed the FED’s commitment. Inflation? Do not be ridiculous – move on, nothing to see here. Yields? 3% is now what they want us to believe is the tipping point. Weaker dollar is supporting commodity prices – complex up across the [...]
Things you need to know. Tech got crushed yesterday and is getting crushed again today. Investors now taking notice and re-pricing the broader market. Yields and Inflation now front and center in investors’ minds. Fed Chair Powell to address Congress today…. Everyone will be listening. Oil up 5% in 2 days, and Bitcoin down 22% [...]
Things you need to know. Stocks continue to waver ahead of a rise in rates. Lots of talk about where is the line in the sand. France and the UK discuss re-opening, German IFO data rises. Lonnie Musk questioning the value of Bitcoin – on Twitter – ending it with LOL! Oil teasing higher as [...]
Things you need to know. To call it a circus is insulting the circus – Lack of understanding is dangerous. GME down another 11% to end the day at $40.69. Yellen pushes for the ‘big package’ and appears to throw support behind Bitcoin. Oil retreats as Texas comes back online – although the state is [...]