Tesla and Apple Bubbles Reach Unbelievable Heights
3 Stock Market Investors keep expecting this trend where a few stocks control the market to end, but it keeps going. This is one of the greatest bubbles in history, so we shouldn’t be surprised. Near the end of bubbles, we see the craziest action. That occurred on Monday as most stocks fell, but Tesla…
Unemployment Benefits Are Being Paid - Mini Stimulus
Impact Of Lower Benefits Two aspects of consumer spending are worth following. Firstly, we can look at the impact of the elimination of the $600 in weekly unemployment benefits and then the $300-$400 in weekly benefits that are gradually being brought back state by state. There wasn’t a massive decline in spending in the beginning…
Markets Up with Volatility Up?
A handful of stocks lead the markets higher, but volatility soars higher with it. Professionals are seeing the risk in this market and starting to hedge. Will retail traders follow suit?
Fifth Straight Up Week and Month
Very Rare Day Friday was a rare day because large cap tech and small cap value were highly correlated. This is rare for this summer, but normal in most markets other than the late 1990s and early 2000 before the tech crash. Cloud index was up 1.2%, small cap value stocks were up 0.8%. Nasdaq…
Consumer Sentiment Stays Low - But Consumer Still Spending
How Is The Consumer Doing? Data suggests that August was a mixed bag for the consumer despite the 6 year low in confidence. Frankly, a mixed bag is good when you consider most unemployed people lost $600 per week. That’s $2,400 on the month. Some people got their jobs back this month as continued claims…
The Trade Driving Markets Higher
Trader Geek Speak --SKEW is extreme - index puts pricing big boy tail risk --no signs of correlation --Bonds drop driving rates higher --SPX rips through upper expected move --Gamma risk driving SPUZ in a perpetual trade to the upside --infuential productsSPX, SPY, VIX, TSLA, AAPL SPX Expected Move ----last week-- 60.05--next week-- 62.16
This Has Been The Best Month Ever
Another New Record: Stocks Can Never Fall Again S&P 500 rose 17 basis points on Thursday. Tech stocks fell and the banks rallied. Like No matter which stocks do well on the day, the index almost always goes up. The Nasdaq was down 34 basis points and the Russell 2000 was up 28 basis points.…
Powell Barely Makes Any Changes - Market Reacts Anyway
Powell’s Jackson Hole Speech Powell gave his Jackson Hole speech on Thursday. Not much changed, but the media reported it as a big pivot and the 10 year yield increased. 10 year yield went from about 68 basis points to about 75 basis points because the Fed suggested it would let inflation ramp higher than…
The Trade that Rocked the Markets
Stocks go on roller coaster ride today helping us get out a few profitable positions. The real news of the day though was bonds and gold that suddenly got rocked thanks to the Fed. Here's what to look for now that we are back in the Vomma Zone...
Big Tech Controls The Market - No Other Stocks Count
Insanity Reins Supreme Wednesday was the craziest day in the stock market most of us have ever seen. Salesforce.com’s earnings report caused a tidal wave of buying in everything tech related. Frankly, the action made no sense. This is a bubble. Netflix’s stock rose 11.6% and Roku’s stock rose 11.2% on analyst upgrades. Analysts are…
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