Monster FANG Rally To End The Year
Another Santa Rally The stock market usually does well in the week between Christmas and New Years Day. The fact that we got a stimulus during this week made the rally even stronger (S&P 500 was up 87 basis points). Plus, many investors probably don’t want to sell because they would rather pay taxes next…
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…
Tech and Leading Stocks Keep the Bullish Holiday Drift Alive
All US Equity markets made new all time highs today as positive economic stimulus news plus strength in the "monsters of tech" (including GOOGL, AMZN, FB, and AAPL) kept the bullish holiday drift going for the market. In tonight's update, Corey charts these leading stocks along with the key sectors in play and notes what…
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…
The Quest for Gamma Squeeze is On
The Quest for Gamma Squeezes is On! A wild start to the week ends Massively unchanged Tesla’s volatility is dead Rona relief Bill places limitations on the FED —$429 billion in uncommitted funds are rescinded and five of the Fed’s programs, most obviously the Main Street Lending Program, will cease operation December 31, 2021. Brexit-…
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…
Headline Risk: The Gift that Keeps on Giving
Stimulus, Brexit, Economic events, randomness! All keep us on our toes! With the end of the year in play and holidays approaching quickly, it's ongoing headline risk that's keeping the market active and our positions hedged for whatever comes next. Are you prepared? We don't have to know what's about to happen, nor can we,…
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