Brandon just exposed a number most traders refuse to look at. The S&P 500 in gold terms is now trading at April lows. Gold surged 2.2% today. The S&P gained just 0.6%. That means in real purchasing power, the market lost ground. Brandon ran the ratio. At the start of the year, the S&P traded
Bullish trades are costing 40-50% more than bearish ones in today’s market. That is not a typo. I pulled up equivalent $4 wide spreads in SPY today. Same distance from the money. Same expiration. The call spread costs over a dollar more than the put spread. The reason is skew. And right now, skew is
Blake just uncovered something buried in today’s inflation report that changes everything about how you should position for the rest of the year. The BLS released their “catch-up” CPI data for October and November. The problem is they only captured three categories out of the entire report. New vehicles, used vehicles, and gas prices. That’s
The S&P dropped 1% today and hit the lower edge of the expected move. Social media is screaming about a market crash. But the VIX barely moved. Neither did the VVIX. Volatility is looking at this “selloff” and saying nothing’s happening. The advanced decline line tells you why. We’re sitting at 50-50 advancers to decliners.
Gianni spotted the development everyone’s missing while they obsess over the Fed. Crude oil just crashed to prices we haven’t seen since February 2021. We’re talking five-year lows. This is massive. The market is pricing in just one rate cut for 2025. Inflation concerns are everywhere. Then crude breaks down to $55 and keeps falling.
Brandon spotted an 85,000 contract bullish spread in GLD today targeting $425 by late January. That trade hit the tape in two fills at the exact same time. 50,000 contracts in one print. 34,000 in another. Both bought at the ask, which signals urgency. Gold has been quietly outperforming everything. Up 2.65% in the last
Don here… The S&P 500 dropped 100 points today while the advance-decline line sat at 50-50. That combination should not be possible. Tech is selling off hard. Broadcom cratered after hitting all-time highs. Nvidia is stuck in the mud. Microsoft keeps taking hits. Google broke outside its expected move to the downside. Yet the
Blake just identified something critical about yesterday’s Fed cut. The rotation is accelerating faster than most traders realize. Consumer staples gapped up and stayed up. Healthcare triggered buy signals. Basic materials surged as the top performing sector. Meanwhile, the Nasdaq barely recovered from its gap down. Tech stocks are sitting at 50% fair price
The Fed cut rates today. Jerome Powell talked. Journalists asked questions. The market moved 43 points on a 46-point expected move. Translation: Today was nothing. I know everyone wants to dissect Powell’s every word and find hidden meaning in the Fed statement. They can analyze away. I’m looking at something far more dangerous brewing beneath
Everyone’s obsessing over tomorrow’s Fed rate cut. Meanwhile, Gianni spotted something far more important happening in plain sight. The Russell 2000 closed at a new record high last week. Today it hit a new intraday all-time high. Most traders completely missed it. This matters because small caps are now setting up to outperform large caps
