The small-cap space has been considered one of the “safe haven” trades this year, especially to combat the tariff concerns. The Russell 2000 Index had been up over 13% heading into September as compared to 8.5% for the large-cap S & P 500. But recently the small-cap space has lagged and in fact, with the […]
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In today’s video update, we look at the S&P 500 and where it was supported Monday, which was exactly where I suggested last week. So what do you do with this macro-info if you don’t trade ETFs? In the second half of the video, I discuss a deep buy: MMM.
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In today’s video, I discuss the current market weakness and what’s causing it (hint, it’s two things, actually) and what may cause further weakness.
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A large rise in U.S. Treasury yields is pulling global bond yields higher across the board and boosted the dollar, while stocks fell in response. The 10-year Treasury note is now at its highest level since mid-2011, up 7 bps to 3.23%, as recent comments from Federal officials signaled more rate hikes are on the horizon. […]
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Following Federal Reserve Chairman Jerome Powell’s description yesterday of the U.S. economic outlook as “remarkably positive,” market watchers are on the lookout for more Fedspeak. Speeches from seven Fed officials are on the radar today, just one week after the central bank hiked rates and signaled upcoming gradual increases. Powell will again take the podium, […]
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Investors’ attention is back on Italian politics, with the euro weakening overnight and local stocks declining after the head of Italy’s lower house budget committee said the nation would have solved its fiscal problems with its own currency. Meanwhile, Italian 10-year bond yields hit a four-year high as European Commission President Jean-Claude Juncker sounded the alarm, […]
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Since Monday was October 1st, and since there were a few major market meltdowns during this month, the press wants to know if the highs are in. Except, the market exploded HIGHER this morning due to the new tri-lateral trade deal that replaces NAFTA. In today’s video, I discuss this new deal and what, if […]
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Stitch Fix, Inc. sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. We evaluated a potential earnings signal and based on the technical levels in this chart and the expected move that the options market was predicting, we entered an order to sell an Iron Condor. […]
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I’ll give the global/macro approach to the markets a rest today. In today’s discussion, I’d like to talk about Elon Musk and Tesla. In the first chart below we can see that there was a massive move lower; a gap down, followed by strong add-on selling. What happened? Was Elon Musk smoking pot again on […]
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Watch for further action in financial stocks as investor digest the Fed’s interest hike announced on Wednesday. Its accompanying statement removed the language that the policy remains “accommodative.” Fed Chair Jerome Powell explains that the phrase’s “useful life was over.” Regarding trade, the Fed doesn’t see much effect from tariffs in economic data yet. The end […]
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