Economic Data Was NOT Good

Circuit breaker limits today Level 1 – S&P must fall 7% – 194.84 pts Level 2 – S&P must fall 13% – 361.84 pts Level 3 – S&P must fall 20% – 556.67 pts. The economic data was NOT good. In fact, it was horrible. Industrial Production (IP) fell by 5.4% - month/month and was [...]

By |2020-04-16T11:07:02-04:00April 16th, 2020|Morning Thoughts by Kenny Polcari|

Stocks Surged Yesterday

Circuit breaker limits today Level 1 – S&P must fall 7% – 199.22 pts Level 2 – S&P must fall 13% – 369.99 pts Level 3 – S&P must fall 20% – 569.21 pts. Stocks surged yesterday even after difficult reports from both JPM and WFC, the International Monetary Fund and guess who? Yup Goldman [...]

By |2020-04-15T11:07:16-04:00April 15th, 2020|Morning Thoughts by Kenny Polcari|

The Beauty Pageant Begins

Circuit breaker limits today Level 1 – S&P must fall 7% – 193.31 pts Level 2 – S&P must fall 13% – 359.01 pts Level 3 – S&P must fall 20% – 552.33 pts. Stocks fell in early pre-market trading and then continued to move lower after the opening bell rang yesterday, as US investors [...]

By |2020-04-14T11:08:04-04:00April 14th, 2020|Morning Thoughts by Kenny Polcari|

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|
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