Good evening everyone. 2020 has been a year where you think you’ve achieved peak crazy and then the next day is even more nuts. Today will be remembered as an historic one in markets. Crude oil for May delivery traded negative. It settled today at -$37.63. That means it would cost you almost $38 to … Continue reading B*tch Better Have My Money
The Weekend Rip 4/19 Good evening everybody. The week ahead will be filled with more of the same lunacy we are all now growing accustomed to. We’ll all remain mostly isolated, stocks will ricochet like ping pong balls, there will be COVID reports that inspire hope and others that spur fear, the president will tweet … Continue reading The Weekend Rip: Earnings Are Here, What Does That Mean?
Good evening everybody. Just in case you’ve lost track amid this corona stupor, today is Friday! As such, and if you’ve not yet done so, we recommend procuring a drink before settling down to read this high quality summary of today’s rodeo. Stocks closed higher. The S&P 500 rose 2.68% and finished the week up … Continue reading Freaky Friday
Good evening everybody. We got atrocious unemployment and housing numbers this AM and futures ripped. As we’ve been saying, nothing really matters except when the insanity ends. Big cap Technology stocks are dominating while almost everything else is underperforming. Everyone is rushing into the titans like Amazon and Netflix and hiding out there like an … Continue reading Info Tech Witness Protection Program
Good evening everyone. Stocks fell today. The S&P 500 dropped 2.2% and we are now back into the red for the week - but just barely. We’ve had one hell of a rally and maybe today was just some profit taking. Many out there are mocking this rally like, “how could we rally with the … Continue reading 57 Extravagant Ways to Blow Your COVID Check
Tale of the Tape Good evening everyone. All of a sudden it feels like everything is just fine fine fine. The market continues to rip your face off and if you are not in, you’re feeling the FOMO. The weird thing though is that sentiment indicators are nowhere close to euphoric. The Stocktwits Sentiment Index … Continue reading Earnings Don’t Matter.
Tale of the Tape: Good evening everyone and welcome back to this surreal market. We hope you enjoyed the 3-day weekend and had a chance to chill your bones. Technically, stocks closed mixed today as the Nasdaq managed a win, up .48%, even as all other indices closed at least 1% lower. The divergence came … Continue reading How Bad Will Earnings Suck This Quarter?
The Weekend Rip 4/12 The market waits for nothing and when the world is so crazy, sometimes it’s a little bit difficult to look ahead. Earnings season kicks off this week so gloves up. Money center banks report and the body language of these execs are going to frame the action in stocks. JP Morgan … Continue reading The Weekend Rip: Banks on Deck
With the markets closed today we’re taking a look at some of the best performers so far this year. 2020 has been insane obviously. So what's working? Top Dawgs of the Nasdaq 100 Despite the crazy selling that has occurred, the Nasdaq 100 is somehow only down 5.6% in 2020 making it the top dawg … Continue reading Top Dawgs of 2020
Tale of the Tape: Good evening everybody. This was the best week in the Dow since oil was discovered in Saudi Arabia in 1938. Not. Even. Kidding. The Dow traded up 12.67% for the week and it was a holiday shortened week to boot. This is almost as amazing as rising from the dead. Today, … Continue reading NO RAGRETS!