Strong Tech Runs Headlong Into Weakening Bonds
The Magnificent Seven propelled the markets virtually the whole of last week, despite weakness creeping in around the edges. At the same time, we saw monster volumes in the bond market as the smart money nervously eyed the exits. Stocks have drifted slightly lower at the beginning of the week, though tech and healthcare are…
Why Bond Selling Could Break This Market
Virtually all week, we saw a surge in bonds - the classic signal of a “flight to safety” and a warning that all hell’s about to break loose in stocks. We saw the entire market fixate on tech and its stellar earnings - tech is the market right now. Jobs numbers sparked an explosion in…
The Employment Report Is Sending a Dire Warning
There have been a huge number of layoffs issued recently - 61,000 notices impacting nearly 7 million workers. That’s not something the economy can just shrug off - and the markets are going to have a hard time grappling with it, too. Here’s why…
Forget AMZN, Forget META, Forget the Fed - Here’s What’s Will Rock This Market
There are some immense bond trades underway right now. That’s because the smart money is bailing out of the S&P 500 and fleeing tech. These moves scream “defense!” and we’d be wise to pay close attention. Duck and cover - money is running scared…
Intermarket Conditions Still Flash Caution for Stocks
The intermarket deterioration pointed out last week has worsened, and now at a sector level, semiconductors and tech are starting to display weakness as well. Energy has popped up nicely going into the FOMC rate decision, which could be another warning sign for equities over the next couple weeks.
All Quiet Ahead of Big Data Week
The S&P was unrelenting as it closed near the high of the day. While today was quietly rising, the coming days may prove to be perilous. With mega cap earnings reports from $MSFT, $AAPL, $AMZN, $GOOG, $META and others, the FOMC policy statement and jobs appear to be small potatoes. This will be a pivotal…
Polarized Market Movements Wreak Havoc
—Options driving manic intraday movement —head in the game; moves are fast and unrelenting —dollar strength and foreign bond demand —Tesla not so magnificent after all —Tech is vulnerable… and there were 6 —Enter the Fed SPX Expected Move - -last week - 58.27 (5-day expected move) -next week - 70.87 (5-day expected move)
Will PCE Reaffirm High Inflation?
In today's video we look forward to Friday's Personal Consumption and Expenditure (PCE) Price Index. We discuss the expectation of inflation remaining relatively high and the impact on consumer spending. We look at oil prices as a predictive indication of inflation and earnings as a reactive indicator of inflation.
What's Chipping Away at This Rally?
Various intermarket conditions point to an increased potential for turbulence in equities in the coming days and weeks. Save for semiconductors and the monsters of tech, which continue to act well, a sustained rebound in the Dollar and uptick in long-term interest rates suggest that risk conditions are elevated near-term.
Your Guide to Volatile Earnings This Week - NFLX On the Move
This week we get to play some earnings trades as earnings season begins for 2024. We're seeing Netflix (NFLX) rally immediately after hours on its earnings as we plot its expected move for tomorrow and beyond. Also, we update you on earnings earlier in the day and those planned for the next few days for…
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