So You Think This is Over?

Circuit breaker limits today Level 1 – S&P must fall 7% – 201.75 pts Level 2 – S&P must fall 13% – 374.69 pts Level 3 – S&P must fall 20% –576.45 pts. Stocks rallied hard in the morning rising 1000 pts, before giving it all back by 11:15 and then falling an additional 160 [...]

By |2020-03-11T11:03:45-04:00March 11th, 2020|Morning Thoughts by Kenny Polcari|

It’s a WAR Out There!

Circuit breaker limits today Level 1 – S&P - 192 pts Level 2 – S&P – 357 pts Level 3 – S&P – 549 pts. It’s a WAR out there! Global stocks come under attack. Oil collapses – falling nearly 25%, as the Saudis slash oil prices and ramp up production as they punish Russia [...]

By |2020-03-10T11:08:28-04:00March 10th, 2020|Morning Thoughts by Kenny Polcari|

Global markets are in meltdown mode!

By popular demand – I am bringing back the MWCB (Market Wide Circuit Breakers) The S&P closed at 2972.37 – So today’s circuit breakers are: (See explanation below)Level 1.  208.07 pts (7%) or 2,764.30Level 2.  386.41 pts (13%) or 2,585.96Level 3.  594.47 (20%) or 2,377.90 Market-Wide Circuit Breakers – (MWCB) Market-wide circuit breakers are important, [...]

By |2020-03-09T11:04:37-04:00March 9th, 2020|Morning Thoughts by Kenny Polcari|

The “Two Viruses” Spread

Wait! What happened now? What happened to the Biden Bump? Even the suspension of Lizzy Warren’s campaign did little to stop the bleeding. Stocks – it seems – are spinning out of control as the virus sweeps across the globe leaving governments and medical professionals at a loss over what’s next. Daily news reports of [...]

By |2020-03-06T10:07:20-05:00March 6th, 2020|Morning Thoughts by Kenny Polcari|

G-7 Stays Put

G-7 stays put – the 8:30 am announcement that had them “watching” the global economy was not what the markets really wanted to hear causing the markets to flip flop in pre-market trading, going from positive to negative to positive as the market tried to decipher what the real message was. Then the FED – [...]

By |2020-03-04T10:02:11-05:00March 4th, 2020|Morning Thoughts by Kenny Polcari|

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|
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