WMT, AMZN & A Southerly Furrow?  Try the Lemon Chicken

The S&P closed at 2716.26 – So today’s circuit breakers are:  Level 1.  190.13 pts (7%) or 2526.13 Level 2.  353.11 pts (13% total) or 2363.15 Level 3.  543.25 pts (20% total) or 2173.01  ___________________________________________________________  WMT gets crushed…falling 10% after reporting earnings that ‘weren’t so good’ – think gross margin pressure – Ok so they [...]

By |2018-02-21T15:04:39-05:00February 21st, 2018|Morning Thoughts by Kenny Polcari|

A Flash in the Pan?  Try the Linguine w/Artichokes & Pancetta

The S&P closed at 2732.22 – So today’s circuit breakers are:  Level 1.  191.25 pts (7%) or 2540.97 Level 2.  355.18 pts (13% total) or 2377.04 Level 3.  546.44 pts (20% total) or 2185.75  ______________________________________________________  What?  Me worry? Don’t be ridiculous!!!!  Stocks put in their best week for the year last week…as prices surged following [...]

By |2018-02-21T13:58:27-05:00February 20th, 2018|Morning Thoughts by Kenny Polcari|

FOMO is Alive and Well!  Try the Dover Sole

The S&P closed at 2731.20 – So today’s circuit breakers are:  Level 1.  191.84 pts (7%) or 2539.36 Level 2.  355.06 pts (13% total) or 2376.14 Level 3.  546.24 pts (20% total) or 2184.96  _______________________________________________________  It’s all smiles…..as stocks (around the world) extend the rebound back to January highs in a broad rally……it’s been 5 [...]

By |2018-02-19T13:41:01-05:00February 16th, 2018|Morning Thoughts by Kenny Polcari|

Crash?  What Crash?  Accentuate the Positives!  Try the Grilled Lamb Chop w/Orange Butter

The S&P closed at 2662.94 – So today’s circuit breakers are: (Although – we apparently shouldn’t be concerned)  Level 1.  188.90 pts (7%) or 2509.73 Level 2.  350.82 pts (13% total) or 2347.81 Level 3.  539.72 pts (20% total) or 2158.91 Rewind for one minute – yesterday - February 14th - the mkts were keenly [...]

By |2018-02-15T15:20:56-05:00February 15th, 2018|Morning Thoughts by Kenny Polcari|

US inflation firms broadly in January, puts spotlight on Fed – Reuters

WASHINGTON (Reuters) - U.S. consumer prices rose more than expected in January as Americans paid more for gasoline, rental accommodation and healthcare, raising pressure on new Federal Reserve chief Jerome Powell to prevent a possible overheating of the economy. The report from the Labor Department on Wednesday, however, likely overstates the inflation picture given that [...]

By |2018-02-14T22:58:09-05:00February 14th, 2018|Morning Thoughts by Kenny Polcari|

CPI has market locking in March rate hike and moving toward 4 Fed increases this year – MarketWatch

Bloomberg Fed Chairman Jerome Powell will discuss his inflation outlook when he testifies to Congress for the first time on Feb. 28. The hotter-than-expected consumer price data for January adds to a growing expectation among economists that the Federal Reserve will raise interest rates with four quarter-point moves this year, rather than the three they [...]

By |2018-02-16T15:02:20-05:00February 14th, 2018|Morning Thoughts by Kenny Polcari|
Go to Top