A Chance To Re-Examine

Things you need to know: The push to test lower continues Buffet holds his annual meeting via ZOOM and says “Don’t bet against America” after he sold all of his airline holdings. (but to be fair – the investment thesis changed for him) Oil under pressure as supply glut concerns rise Mohammed El Erian suggests [...]

By |2020-05-04T11:02:27-04:00May 4th, 2020|Morning Thoughts by Kenny Polcari|

Reality Check

Things you need to know: It’s May Day – Many market centers closed Stocks fall yesterday and fall further this morning as reality hits home Economic & Market Divergence is all about the FED Try the Risotto Mazzo Reality Check – Aisle 5! Stocks under pressure! Stocks sank on Thursday as the run up that [...]

By |2020-05-01T11:09:43-04:00May 1st, 2020|Morning Thoughts by Kenny Polcari|

It’s a New Day!

Things you need to know: Energy explodes higher – Trump to announce a support package Oil jumps as the glut is less than expected Gilead surges on the remdesivir trial GDP, Personal Consumption and Pending Home Sales plunge Fed Chair “Papa” Jay Powell comes to the rescue Try the Persian Stew IT’S A NEW DAY! [...]

By |2020-04-30T11:04:42-04:00April 30th, 2020|Morning Thoughts by Kenny Polcari|

The Mood Turns Sullen

Things you need to know: Consumer Confidence ended up as the scapegoat GOOG smashed it and surges 8% in pre-mkt trading Futures are higher ahead of the FOMC announcement Oil surges by 15% after inventories rise LESS than expected Try the Veal Scallopine The buoyant mood on Tuesday morning turned sullen after what the media [...]

By |2020-04-29T11:05:37-04:00April 29th, 2020|Morning Thoughts by Kenny Polcari|

Yes, We’re Open!

Things you need to know: Stocks surge up and through resistance leaving worries behind It’s a big earnings day and so far it’s all good – even as companies forgo guidance Europeans look to begin to re-open while the US has already begun Oil under pressure as the USO sells all their exposure to June [...]

By |2020-04-28T11:05:37-04:00April 28th, 2020|Morning Thoughts by Kenny Polcari|

Hope Is Alive!

Things you need to know: Bank of Japan – leaves rates unchanged but will buy more of everything FED and ECD decisions due out later this week Oil down 13%, Diamond Offshore files for protection Big week for macro data and earnings around the world Markets are gaining ground this morning as plans for re-open [...]

By |2020-04-27T11:06:44-04:00April 27th, 2020|Morning Thoughts by Kenny Polcari|

Stocks Were All Over the Place

Things you need to know: GILD disputes the China findings Stocks give back the advance yesterday but try again today S&P tests higher and fails – but will try again today Try the Slow Roasted Sirloin Circuit breaker limits today Level 1 – S&P must fall 7% – 195.85 pts Level 2 – S&P must [...]

By |2020-04-24T11:08:19-04:00April 24th, 2020|Morning Thoughts by Kenny Polcari|

What a Difference A Day Has Made

“What a difference a day made, Twenty-four little hours, Brought the sun and the flowers, where there used to be rain…” Dinah Washington – 1959 Things you need to know: Markets bounced as oil rocketed higher Energy bankruptcies will support the legal industry for years to come Trump threatens the Iranians and Chubby (Kim Jong [...]

By |2020-04-24T11:08:21-04:00April 23rd, 2020|Morning Thoughts by Kenny Polcari|

A Bigger Downbeat

Things you need to know: Markets bouncing as oil stabilizes Expect continued volatility as we move through earnings Trading around a core position is what institutional asset managers do! Complex and levered ETFs continue to add risk – see below Try the Orrechiette Circuit breaker limits today Level 1 – S&P must fall 7% – [...]

By |2020-04-24T11:08:22-04:00April 22nd, 2020|Morning Thoughts by Kenny Polcari|
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