Broader market won’t crash, but FANG and tech stocks may come under pressure: Expert
Kenny Polcari, director at O'Neil Securities, discusses how the technology sector's lead is declining as stocks are off session lows.Continue →
China Cuts Reserves, Suggesting Angst – Italy Under Assault – Mkts Plunge – Try the Italian Style Pork Chops
The NFP report MISSED the estimates (big) – 134k jobs created vs the expected 185k - the hurricane that struck the US last month being credited for the miss – Jobs lost in retail, hospitality and …Continue →
Yields Soar, China Hacks US Companies & Lonnie Can’t Keep His Mouth Shut – Try the Roast Sirloin
“And it IS October no less and that creates its own sense of angst……. (think the Crash of 1929, the Crash of 1987, and the beginning of the GFC of 2008-2011) they all began in October….”By n…Continue →
Global Bonds Surge, Emerging Mkts Get Whacked, Stocks Under Pressure – Try the Oreo’s
The Dow makes another new high, the S&P and Nasdaq both struggled…. ADP reports that we created 230k jobs vs the expected 185k - midsize firms and service sector businesses dominating the rep…Continue →
What Did the Italians Do Now? Timmy Slams FB & GOOG – Try the Chicken Soup
The Dow (think 30 names) rose 122 pts to a record high close yesterday as US equities continued to rally after Donny announced the new USMCA (US/Mexico/Canada Trade Agreement) on Monday…. Lar…Continue →
Canada, China, TSLA, FB, GE – Wait Who Asked About Circumcision? Try the Fusilli
In yesterday’s note - I ended with this - “The chart on the S&P shows support at 2900 and resistance at 2945….and while this feels good today…. I think this rally is short lived…. clar…Continue →
Donny Signs a Deal with Canada – Lonnie Avoids Jail – Try the Pumpkin/Butternut Risotto
Stocks ended the week in the plus column and ended the qtr with their best performance since 2013 as strong economic growth and continued strong earnings helped to support investor enthusiasm……You…Continue →
Stocks Bounce and Lonnie Needs a Joint! Try the Osso Bucco
Stocks recovered a bit yesterday after the sell off on Wednesday afternoon after the FED told us just what we already knew…. Rates went UP and are continuing to go UP…Period. Investors want clar…Continue →
Donny Blasts OPEC & Stands Up for Trade & While We Wait for Jay – Try the Fall Minestrone
And the beat goes on……traders preparing for the FED commentary today as they digest the fact that China walked away from the altar and what that means for trade & tariffs. And they are deali…Continue →
What About Earnings? Try the Korean Ginger Chicken
The Dow ended the day down 181 pts while the S&P lost 10. The Nasdaq gained 6 pts after being down some 62 pts in the morning – and this is an interesting move….and the Russell lost 7 pts. T…Continue →