Weekend Rip 3/8 Chaos met the markets last week with the S&P 500 closing at least +/- 2.50% every day except Friday. The S&P 500 volatility index, $VIX, closed the week at 42 and hit levels not seen since 2009. Seeing the toilet paper panic reminds us of Robert Menschel’s, Markets, Mobs, and Mayhem: A … Continue reading Markets, Mobs, and Mayhem

Tale of the Tape  Yesterday, we titled the Daily Rip, “The Markets Rallied Today And We Have No Idea Why”. Today, markets “crashed” and we still have no idea why. (ht: JC Parets) Let’s be real - nobody knows and it’s only in hindsight that we can reconstruct the dynamic. It wasn't really a crash … Continue reading The Markets “Crashed” Today And We Have No Idea Why

Tale of the Tape The worst sector year to date, aside from energy, which is off an epic 23%, is the financials. The financials are 12% lower so far in 2020. The regional bank index is 15% lower. This is, in part, a consequence of lower rates. Banks make less money on net interest spread … Continue reading The Fed Fails to Stabilize Stocks

Tale of the Tape This is why we love markets. Last week, the world was ending. Today, it's raining silver dollars.  Stocks freaking ramped! The Dow Jones Industrial Average gained 5% or 1294 points, the largest point gain in the history of the index. It gained back 31% of the 14% loss from it’s all … Continue reading Epic Melt Up 🔥📈

Weekend Rip 3/1 Alrighty folks, last week the markets got shook. Who knows where things are going to be heading in the near future. It approaches go time though so ready your game faces.  Earnings this week are relatively light. We'll get numbers from Costco, Target, and Zoom. (See more below)  Here’s the weekly S&P … Continue reading That which doesn’t kill us, Makes us stronger. -Friedrich Nietzsche