President Trump Signs The Stimulus. Will There Be More?
Traveling Growth Increased We have two trends starting. They are the vaccine going out to more people and an increase in mobility. The increase in mobility will definitely feed off the increase in vaccine distribution because people will feel safer. It’s a good sign people are willing to go back to normal, but it could…
Was the Bitcoin Halving Last May a Third Turning?
If you’re not familiar with Bitcoin, you may not know about a major event that occurred last May when it went through its third halving. That means the block award paid to Bitcoin Miners was cut in half from 12.5 Bitcoins to 6.25. The reduction in the award is reducing the supply of Bitcoin just…
Holiday Spending Plot Twist As Traders Buck Data
According to Mastercard SpendingPulse, online spending for the expanded holiday season from October 11 to December 24 increased 49% from last year. That’s a significant but not exactly surprising shift from traditional brick and mortar, in-store spending. The online spending realities helped lift Amazon, Inc (NASDAQ: AMZN) nearly 4% on Monday. While shoppers shopped early…
Santa Claus Rally for Auld Lang Syne
The Santa Claus rally has a long tradition dating back to 1969. This the period from the last week of December to the first two trading days of January. The bullish tradition has been long-standing, and the question remains about what 2020 will bring. Many are hoping for that tradition to continue for old times…
Risky Stocks Go Parabolic
A Year For Retail Investors This was an interesting year because typically individual investors have very poor returns, but in 2020 their favorites trounced the index. Retail investors barely make money on average. The concept of even matching the market is foreign to them. Few usually beat the S&P 500 which is similar to the…
New Record High In Wages and Salaries
Income & Consumption Fall The November PCE report came out a couple days early because of Christmas. It’s in line with the other data we’ve gotten which shows November wasn’t a great month for consumer spending. As you can see from the chart below, real personal incomes excluding benefits from the government are back below…
Option Traders Find Bullish Stocking Stuffers to End 2020
Christmas Unusual Option Activity Report As Christmas fast approaches and 2021 is almost a reality, option traders are doing last minute shopping. These “stocking stuffers’ are plays that are looking for a positive move by New Year’s Eve. While it’s impossible to know which publicly traded companies are on Santa’s list, these large option trades…
The Stock Mania Goes Vertical
Still A Bubble The past few days have been mixed for stocks, but there is still a ton of speculation in the market. The biggest example of this speculation is in Apple stock. Apple was up 2.9% which put it just 1.7% below its record high. It rose on the story that it will have…
Consumers Don’t Like What They See?
Redbook Sales Growth Bumps Up Redbook spending growth in the week of December 19th rose from 2.5% to 6.5%. That’s actually a good reading. It had been in the low single digits for a while. If it can stay in the mid-single digits, it will be a positive sign. As for now, it’s just 1 week…
UAL Fades as Fiscal Stimulus Trumped by COVID Concern
UAL Unusual Option Activity What will 2021 bring for the travel industry and especially the airline industry and especially United Airlines Holdings Inc (NASDAQ: UAL)? There are the transitory factors like COVID-19, but there is also the potential for more permanent changes in how people travel. For example, will business travel return to pre-COVID levels?…
Recent Comments