Best Breadth Ever? Mania Lives On
Slight Decline Monday Following the stimulus agreement and the worries about a new COVID-19 strain, the stock market opened down largely on Monday. Throughout the day, the market recovered. It only ended up down modestly, with small caps ending up. Small cap value was the biggest loser. You can say investors were scared about the…
We Finally Got A Stimulus!
The Stimulus Is Finally Here Congress finally passed a stimulus. We have been waiting for one since October. Most didn’t think anything would pass initially, but also it seemed improbable that people on unemployment would be left out to dry. What really pushed Congress in the direction towards getting a deal done was the weak…
Oil Stocks Find Option Bulls as Crude Finds Backwardation
Oil Stock Unusual Option Activity Report If you follow the oil market, there is so much to digest right now. Between stimulus, draconian COVID measures and the possibility that a more virulent version of COVID is muddying the waters. If you’ve read the blog, I’ve been pretty bullish on oil and energy stocks since early…
Tesla Now In the S&P 500, What's Next?
Share of electric automaker, Tesla Inc (NASDAQ: TSLA), was officially added to the S&P 500. The response from the stock may be surprising, it was down 5.4% at the time of this writing. Being added to the S&P 500 is a major milestone for the company, but will the company have more impact on the…
Tesla Added To The S&P 500
Finally, A Small Decline The stock market finally sold off on Friday, but it was only a modest decline. The S&P 500 fell 35 basis points. It was a very weird day for individual stocks because of quadruple witching and indexing. Index funds needed to make changes to their weighting as well as add and…
Holiday Spending Is Down?
Weak Data From Chase In this article we will include a few tracking updates on how the economy looks in real time as we end the year. There has been differing data on the consumer. We’ve seen some data points suggest consumer confidence is high and that they expect to spend a lot more in…
Cisco Call Option Buyers Look to Make Old Things New
Cisco Unusual Option Activity Report I brought up Cisco Systems, Inc (NASDAQ: CSCO) during my daily session on the TheoTrade llive chat today. One of the replies from someone watching was that the company isn’t relevant anymore. Believe me, I understand the desire to look beyond the old stodgy companies that provide little to no…
Will Stocks Ever Fall Again?
Stocks Can’t Possibly Go Down We never thought we would see stocks spike on news of vaccine shipments being marred in confusion, but here we are. Stocks only go up everyday no matter what the valuations are. For example, Shopify rose 2% on Thursday, putting its year to date return at 189%. This is now…
Job Losses In December A Strong Possibility
Negative Job Creation Is Coming This current slowdown is nowhere near as bad as the one in March and April, but it is worth watching because the situation is unstable. The goal is to avoid too much weakness before the vaccines go out. We will start to see a recovery in February. That leaves us…
BarkBox IPO: The Next Chewy or Charlie Brown?
I had never heard of BarkBox before today’s announcement that they were doing a SPAC merger with Northern Star Acquisitions Corp (STIC.U). Upon learning of the merger, I went to the company’s website and saw Snoopy and Charlie Brown prominently displayed as part of a limited-edition box. Apparently, there’s a special bonus of a Peanuts-themed…
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