Stocks Soar!

Stocks Soar! The Bulls come back after being driven out of the heartland – the algos go wild on the UPSIDE… The Dow rallies by 5.1% or 1293 pts, the S&P surges by 4.9% or 136 pts, The Nasdaq adds 4.6% or 384 pts and the Russell tacked on 2.8% or 42 pts. What a [...]

By |2020-03-03T10:02:18-05:00March 3rd, 2020|Morning Thoughts by Kenny Polcari|

Irrational Behavior

Stocks opened lower on Friday, down 550 pts and proceeded to go even lower notching losses of more than another 1,000 pts by 10 am, as the bottom appeared to be falling out of the market. By 10 am on Friday, we had witnessed the market lose more than 4,500 pts in less than one [...]

By |2020-03-02T10:10:38-05:00March 2nd, 2020|Morning Thoughts by Kenny Polcari|

Investors Remain Confused.

Huge intraday reversal sends the Dow tumbling 600 pts! So let’s recap, the morning appeared to stabilize. US equity markets were bucking the global trend. The Dow rising 400+ pts by 10:50 am with the others in tow. It all seemed “OK.” The virus, while NOT under control the way some would have you believe, [...]

By |2020-02-27T10:02:27-05:00February 27th, 2020|Morning Thoughts by Kenny Polcari|

US Stocks Got Smashed Again

It was MORE -  BANG! POW! BOOM! SMASH! KLONK! KAPOW! KRAACK! OUCH! US stocks got smashed again… By the end of the day, the Dow lost 880 pts or another 3.14%, the S&P gave back 98 pts or 3.03%, the Nasdaq shedding 255 pts or 2.77% and the Russell giving back 56 pts or 3.45%. [...]

By |2020-02-26T10:04:03-05:00February 26th, 2020|Morning Thoughts by Kenny Polcari|

BANG! POW! BOOM! Markets got crushed!

Who remembers the Batman and Robin fight scenes from the late 60s and early 70s? BANG! POW! BOOM! SMASH! KLONK! KAPOW! KRAACK! OUCH! (click here to see what I’m talking about) That is what it was like yesterday as global markets came to terms with the latest news concerning the coronavirus. Markets got crushed, with [...]

By |2020-02-25T10:08:41-05:00February 25th, 2020|Morning Thoughts by Kenny Polcari|

Friday saw markets remain weak

Friday saw markets remain weak going into the weekend. There were increasing concerns over the spread of COVID19 and concerns about the upcoming Nevada caucuses on the back of a horrendous Democratic debate on Wednesday evening. How would Nevada go? Was Mikey Bloomberg wounded beyond repair? I mean he wasn’t even on the ballot, but [...]

By |2020-02-25T10:08:42-05:00February 24th, 2020|Morning Thoughts by Kenny Polcari|
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