The Fed Did It Again!

Circuit breaker limits today Level 1 – S&P must fall 7% – 195.29 pts Level 2 – S&P must fall 13% – 362.68 pts Level 3 – S&P must fall 20% – 557.96 pts. The FED did it again! Shocking the markets with yet another multi-trillion dollar “backstop” benefitting aid to states, cities and more [...]

By |2020-04-13T11:05:54-04:00April 13th, 2020|Morning Thoughts by Kenny Polcari|

Headlines Scream Progress

Circuit breaker limits today Level 1 – S&P must fall 7% – 186.46 pts Level 2 – S&P must fall 13% – 346.27 pts Level 3 – S&P must fall 20% – 532.74 pts. Headlines scream about the progress – Europe seeing relief, while the peak of cases in NY – expected later this month [...]

By |2020-04-07T11:04:04-04:00April 7th, 2020|Morning Thoughts by Kenny Polcari|

Oil Explodes Higher

Circuit breaker limits today Level 1 – S&P must fall 7% – 176.88 pts Level 2 – S&P must fall 13% – 328.50 pts Level 3 – S&P must fall 20% –505.38 pts. WTI (West Texas Intermediate) Oil explodes higher – surging as much as 35% before taking a breath and ending the day up [...]

By |2020-04-03T11:07:19-04:00April 3rd, 2020|Morning Thoughts by Kenny Polcari|

Crash! Bang! Boom!

Circuit breaker limits today Level 1 – S&P must fall 7% – 180.92 pts Level 2 – S&P must fall 13% – 325.99 pts Level 3 – S&P must fall 20% –516.92 pts. Crash, Bang Boom! Large and mid-cap stocks got clobbered yesterday while the small caps (think Russell) got absolutely creamed and it didn’t [...]

By |2020-04-02T11:01:58-04:00April 2nd, 2020|Morning Thoughts by Kenny Polcari|

For The History Books

Circuit breaker limits today Level 1 – S&P must fall 7% – 180.92 pts Level 2 – S&P must fall 13% – 325.99 pts Level 3 – S&P must fall 20% –516.92 pts. The quarter end window dressing rally that began on March 23rd – and took the S&P up nearly 20% off the lows [...]

By |2020-04-01T11:04:33-04:00April 1st, 2020|Morning Thoughts by Kenny Polcari|

Bear Market Trap!

Circuit breaker limits today Level 1 – S&P must fall 7% – 177.90 pts Level 2 – S&P must fall 13% – 330.39 pts Level 3 – S&P must fall 20% –508.29 pts. So was it a bear market trap, that 4000 pt move higher last week? Stock futures were down in pre-market trading on [...]

By |2020-03-30T11:03:37-04:00March 30th, 2020|Morning Thoughts by Kenny Polcari|
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