So maybe it wasn’t so clarified…

So maybe it wasn’t so clarified… I mean on Friday, it appeared that we “were done.” Markets rallied to new highs and the Dow breached 28,000. Over the weekend, we were told that the US and China had “constructive” talks. That’s good and then yesterday morning the Chinese come out and said “not so fast, [...]

By |2019-11-19T10:03:05-05:00November 19th, 2019|Morning Thoughts by Kenny Polcari|

Dow 28,000!

On Friday I wrote this paragraph at the end of my note: S&P remains stuck at 3100 but if we are closer to a deal than not, then look for the algos to try and push it higher and break this logjam. As noted a month ago, if you draw a trend line, resistance should [...]

By |2019-11-18T10:07:17-05:00November 18th, 2019|Morning Thoughts by Kenny Polcari|

Disney hits it out of the park

Disney (DIS) hits it out of the park. Are you really that surprised? In just 24 hours, the Disney+ streaming service signed up more than 10 million users. By tomorrow that number is sure to be at least 20 million. As a result, investors (algos) took the stock up 7.4% or $10.14 as the streaming [...]

By |2019-11-14T10:01:56-05:00November 14th, 2019|Morning Thoughts by Kenny Polcari|

Trump bashes the FED (again)

So, on a day when a lot could have happened, investors and the markets had little to no reaction to Trump’s speech at the Economic Club of NY. In what could have been an opportunity to discuss the ongoing trade war and where the country is in terms of real progress, turned into Trump bashing [...]

By |2019-11-13T10:05:57-05:00November 13th, 2019|Morning Thoughts by Kenny Polcari|

As expected, the markets came under pressure as the sun rose over the Atlantic

Front page of the WSJ: “Google’s Project Nightingale Gathers Personal Health Data (names, d/o/b, phone numbers, history, claims, treatments) on Millions of Americans.” This is a must read by everyone. They have AMASSED health records from Ascension facilities in 21 states – PATIENTS NOT YET INFORMED. As expected, the markets came under pressure as the [...]

By |2019-11-12T10:09:49-05:00November 12th, 2019|Morning Thoughts by Kenny Polcari|

The broader market once again closed at a record high; bond yields soar

Today is Veteran’s day in America, a time to say thank you to each and every veteran you see. NYC will be celebrating by hosting the Veteran’s Day Parade and I humbly ask that you consider supporting a veteran’s cause. My hope is that you will consider the Headstrong Project (Getheadstrong.org). It is an organization [...]

By |2019-11-11T10:03:11-05:00November 11th, 2019|Morning Thoughts by Kenny Polcari|

Stocks Felt Constipated Yesterday

Stocks felt constipated yesterday, as if in a holding pattern, reacting only to the news that the US/China trade talks are being postponed until mid-December. When that headline came out, the market took a brief hit. At 11:44 am, the S&P, the Dow, and the Nasdaq all took a fairly big, swift kick in the [...]

By |2019-11-07T10:08:49-05:00November 7th, 2019|Morning Thoughts by Kenny Polcari|