A Bigger Downbeat

Circuit breaker limits today Level 1 – S&P must fall 7% – 197.62 pts Level 2 – S&P must fall 13% – 367.01 pts Level 3 – S&P must fall 20% – 564.63 pts. The downbeat from Monday turned into a bigger downbeat on Tuesday! The slide that began on Sunday evening in Asia is [...]

By |2020-04-22T11:02:29-04:00April 22nd, 2020|Morning Thoughts by Kenny Polcari|

This Week Begins on a Downbeat

Things you need to know: Oil has historic move and goes negative Someone is nursing their wounds – we have yet to find out who Global markets under pressure again today as the oil story takes center stage More earnings as companies withdraw forward guidance. Try the Cauliflower Risotto with Truffle Butter Circuit breaker limits [...]

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

Friday Saw Markets Rocket Higher

Things you need to know: Oil gets crushed again – down 19% Europe begins to return to normal NYC, NJ and FL have seen the peak – flattening the curve is working Reams of eco data this week – all expected to be fairly negative More Earnings Try the Mahi Mahi KENNY POLCARI, EditorChief Market [...]

By |2020-04-24T11:08:25-04:00April 20th, 2020|Morning Thoughts by Kenny Polcari|

Good Morning America, It’s Friday

Things you need to know: Trump lays out a 3-part plan GILD announces early positives “results” for remdesivir Roche (Switzerland) makes progress on an antibody test. Global markets are surging (think a bit of relief – but this ain’t over) Energy continues to get hammered (not good) Try the Spagehtti Aglo Olio KENNY POLCARI, EditorChief [...]

By |2020-04-24T11:08:26-04:00April 17th, 2020|Morning Thoughts by Kenny Polcari|

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|
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