Q1 Was a Wreck

Tale of the Tape: Q1 Round-Up Edition Good evening folks. The first quarter is in the books and it was multi-vehicle wreck. The S&P 500 fell just over 20%, oil fell close to 70%, and the 10 year treasury yield fell below 1% for the first time since the founding of this great nation. Energy … Continue reading Q1 Was a Wreck

Two In a Row*

Tale of the Tape Good evening, folks.  We finally did it! Sort of. For the first time since February 12, the S&P 500 closed higher two sessions in a row. It was beginning to seem like we would never make it, like Lucy pulling the football before Charlie Brown kicks it. It seemed like we … Continue reading Two In a Row*

Infinite QE

Tale of the Tape Good evening, folks.  Today saw a mild sell-off relative to the recent price cascades we've experienced almost daily as of late. The S&P 500 only fell 2.93%. If this would have happened a few months ago, we'd have been screaming murder but today this is almost a win. Funny how price … Continue reading Infinite QE

The Weekend Rip: Making the Best of It

Weekend Rip 3/22 The last 4 weeks have been a cascade lower and the S&P 500 is now down 28% for the year. Here’s a weekly candle chart of the index. S&P 5002,304-14.98%Nasdaq6,994-12.51%Russell 20001,013-16.22%Dow Jones19,173-17.30%Weekly percent changes  Coronavirus Aid Bill More details on the coronavirus aid bill have been released. Here’s the latest as of … Continue reading The Weekend Rip: Making the Best of It