Just When You Thought the Selling was Over

Markets are pinging between our gravity points as sell side activity has returned. No one has ever seen anything like this before, but it will lead to once in a lifetime opportunities in the coming weeks for those that are prepared. So far YTD the Russell is down 36%, QQQ is down 15%, SPY is…

Worst Q1 Ever

Disastrous Quarter Ends With A Small Selloff This week has been calm so far. S&P 500 fell 1.6% and the VIX fell 3.54 to 53.54 on Tuesday. We can expect the VIX to fall even on down days. Panic can’t last forever. It is a short emotional outburst. If stocks fall, they won’t crash like…

Dividend Cuts & Spiking Unemployment

Dividend Cuts Coming Fast & Furious As of March 30th, 24 companies suspended their buyback programs in 2020 for a total of over $200 billion. Financials have led the charge with $127 billion in cuts. Financials probably have led the charge because of their energy loans. Obviously, the entire economy is in a recession, but…

What's the Key Price Pivot and Plan Right Now?

The market, particularly the SP500 (SPY and /ES) continue to trade into an absolutely critical pivot level where what happens in the next day or two will determine the direction of the next major swing in the market. What's this level and how are the Monsters of Tech helping us determine which way the market…

Stock Market Recovery Continues

Another Rally Yes, technically Monday’s rally followed a decline on Friday. But the fact that stocks increased feels like we are in a winning streak since we didn’t get closer to last Monday’s low. S&P 500 has increased in 5 of the past 6 trading days. It just missed reversing the entire selloff on Friday.…

Hiring Is Down 15% Because Of COVID-19

Hiring Slows In a shock to no one, the data shows hiring is slowing. The only companies that are hiring are the ones seeing more demand because of COVID-19 which is a select few. In this bucket you have necessities like groceries and healthcare. You also have online retail, but even Amazon is running into…

Junk Debt Could be the Next Big Opportunity!

Stocks making another attempt at the most recent high which is also our gravity point. Can stocks break through and go higher or is this new ceiling in the market? The one opportunity in the market that won't be influenced by the Fed is junk debt.

No Liquidity In This Market

Best Rally Since 1931 Ends The stock market just had its best 3 day span since 1931. Gains were enormous off the low on Monday. It’s no surprise that stocks took a breather on Friday. Even if you’re a bull, you had to expect that to happen. Many were hoping for a down day with…

Jobless Claims To Increase Further Next Week

Jobless Claims In Context Jobless claims are measured nominally, which means comparing them to the past isn’t apples to apples. Before COVID-19, claims were very low on a nominal basis and extraordinarily low on a population adjusted basis. It was by far a new record low. Now, we are in the opposite situation as claims…

Sunshine and Rainbows or More Selling Ahead?

Another wild week in the market ends. There's been trillions of dollars pumped into the market by the Fed and now fiscal stimulus. Will the government be able to save this market? In this crucial weekend video newsletter update we look at a few strange happenings in the market you need to be aware of.…

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