Market Notes: This morning futures are down and the crypto slide continues. So everyone is looking for a reason… But there isn’t one. No new news this morning or last night. It’s just how the market works. There are dips and spikes. If you were waiti...
Market Notes: The SPY is a little more than 1% off of all-time record highs. Sounds the market crash is canceled to me. The major indexes rally when the large caps do well. The small caps are still far off their highs but poised to fly. Nearly every...
Market Notes: While the data is still early the market likes what it’s hearing. Dr. Fauci told us that “early reports suggest that Omicron might result in less severe infections.” One health official in South Africa stated that the new variant might...
Market Notes: Omicron has been with us for two weekends now … And the markets have yet to dismiss it. Last Monday closed green but there was carnage the rest of the week. This week could deliver similar results. The first half of December is typicall...
Market Notes: Markets bounced nicely yesterday, but not enough to convince me the selling is over. The put-to-call ratio is signaling oversold but the VIX remains very high despite yesterday’s rally. Since I’m getting mixed signals I believe it is be...
Market Notes: Yesterday the markets opened on a positive note and held much of the gains through lunchtime. Then came the inevitable first “Omicron” variant case recorded in the US. Once news broke the market plunged, giving up all of the day’s gains...
Market Notes: Fed Chair Powell finally admitted inflation is a problem on his radar and it’s not just “transitory.” Yesterday Powell told the Senate Banking Committee, “It’s probably a good time to retire that word.” Thanks for joining the rest of th...
Market Notes: After Monday’s bounce, markets have given up most of yesterday’s gains in the premarket session. Markets are showing to be extremely sensitive to the news cycle at the moment. But have yet to pick a direction… One outlook is bullish. Ye...
Market Notes: Let’s slow down and look at the numbers. First, understand this, it doesn’t matter what you believe. It matters what the market believes. The market is the collective thinking of millions of people betting trillions of dollars on what t...
Market Notes: New jobless claims came out on Wednesday and much to the delight of the market the number reached a 52-year low. Unfortunately, markets have moved on to the next shiny object, the latest variant of COVID-19. The variant, first detected...
