Things you need to know It is Jackson Hole 2021 (finally) Markets make new highs going into the meeting VIX reflects zero event risk Oil traders taking profits after the 9% spike Try the Pan Seared Butter Garlic Rib-Eye Investors took stocks higher on Wednesday on lower volumes (we discussed this…end of August, vacations etc.) [...]
Things you need to know The market did NOT go down Economic data was just a bit weaker – positive for FED policy The house passes a $3.5 Trillion blueprint for the human infrastructure bill Oil rallies and has now gained back 9.5% in 3 days. Joey commits to the Taliban imposed August 31st end [...]
Things you need to know PFE/BioNTech get full FDA approval – Investors celebrate Eco data mixed; PMIs suggest weakness. Pelosi fails to advance the $3.5 trillion package and she isn’t happy – but she will try again today. Expect that there will be hell to pay if members don’t fall in line. Oil surges 5.5% [...]
Things you need to know Stocks ended the week a bit black and blue but today it’s all green Focus on the virtual Jackson Hole Summit – Some of the members now suggesting that delta may cause them to hold off Dollar strengthens, putting pressure on commodities – Oil getting hit by that story and [...]
“What’s Next for the Markets?” On Thursday, August 26th – As the Chief Market Strategist at Slatestone Wealth – I will be interviewing CNBC’s Ron Insana about the State of the Union…. With the start of the Jackson Hole Fed Meeting that afternoon, this interview could not be timelier. What to expect? What does the [...]
Things you need to know FED minutes suggest a bit more of a fracture among the Paparazzi Sellers having a second thought on current valuations, while the buyers are undeterred, but choose to bid lower! (Wink wink) The VIX soars and is up another 20% this morning. Oil – taking it on the chin – [...]
Things you need to know Stocks fell? No way… Eco data was weaker than expected and HD and WMT beat estimates but disappoint the trader types VIXY and SH – two ways to help hedge your portfolio Try the Rib-Eye Pizzaiola Stocks FELL!!! No, that is not a typo…. Stocks FELL…. quick someone call the [...]
Things you need to know Stocks buck the trend and end the day higher even in the face of all the news The FED makes it clear – the tapering to start in November, finish by July 2022 Rates are no…Continue →
Things you need to know Afghanistan falls like a ton of bricks after the Taliban takes Kabul President Ghani flees country, leaving citizens to fend for themselves Markets are NOT reacting to this news…. but it is reacting to the latest FED headline…. And the Delta variant continues to disrupt businesses and the supply chain [...]
Things you need to know PPI surges yet NOT one comment about the pressure Initial Jobless/Cont Claims improve -so that was the focus Delta continues to create chaos – all while stocks move up FDA now approves a Booster….The bio-techs respond nicely Oil traders lament covid while stock traders ignore covid Try the Shrimp Scampi [...]