Is FOMO Kicking In?

Tale of the Tape:  Good evening folks. Today is the first day in months we felt the animal spirits teeming through live charts and level 2 screens. There was even a whiff of the FOMO! The S&P 500 closed up 3.4% to 2749, the highest close since March 10. Real Estate, Energy, Utilities, and Materials … Continue reading Is FOMO Kicking In?

*ucking Furlough

Tale of the Tape:  Good evening folks. It's Friday evening, markets are closed for the week, and, quite frankly, we’re exhausted from this endless corona noise festival.  If anyone wants to Zoom and drink, let’s just blow off the Zoom but let’s keep the drinking part. Howie’s buying! Stocks closed lower today. The S&P 500 … Continue reading *ucking Furlough

*uckin Coffee

Tale of the Tape:  Good evening friends. Equity markets do not care about your stinkin’ unemployment numbers.  Last week, an astonishing 6.6 million Americans applied for unemployment benefits. This is a record and double the number from two weeks ago. The chart below from CNN drives home the enormity of what is happening to the … Continue reading *uckin Coffee