Energy Shines as the Luster of Tech is Tarnished
The S&P 500 finished near the low of the session as Energy finished as the top-performing sector and Technology stumbled. Is there a bullish case to be made or is the bear market momentum still intact? (CCJ, APA, GFI, SOXL, ON, NRT, GTE, FANG)...
Market Rolls Over. Is There a Bull Case?
Today is the moment the bears have been waiting for. Is it a one-and-done or does this bear about to maul the meme's? Right now, the market looks poised for a continuation based on these volatility-based indicators (NLY, KBH, IYR, KRE, XLF, VIXY, CANO, MRO)...
Fed Minutes Faded as SPX 'Inflation' is Already Priced In
It's been stunning to see the rally over the past couple months as data and Fed policy would normally weigh more heavily. However, the short squeeze has propelled prices as the potential for a Fed pivot was being anticipated. Today's minutes failed to yield the typical returns as the rally was faded. The "inflation" in…
Memes Surge as We Party Like It's 2021
Another day, another short squeeze! However, the squeeze higher in high short interest stocks is more reminiscent of 2021 than in the middle of a bear market. Do you trust in the meme? (BBBY, GPS, REAL, CHS, GPS, SKLZ, AAL)...
ISM Brings Market Back to Reality After Exuberant Week. What's Next?
Today's ISM Manufacturing numbers were a clear reflection of what many are assuming about the economy. However, if we're all assuming it, does that mean that the recessionary scenario is priced in? If you look at the increase in short interest it does, but surprises are always that order of the day. (RIVN, NKLA, TSM,…
Ag and Energy lifted as the Short Squeeze Appears to be Fading Ahead of Fed
A big week for data ahead as the FOMC policy statement and Advance 2Q GDP are released. With energy prices rebounding, and agricultural stocks surge, it appears that the stagflationary story is almost complete. (MOS, TLT, GE, SLV, PBR, RIOT, BITO)
Short-Term Pain for Long-Term Gain Investing
The market has rallied nicely over the past week and it may be setting up for the fall in the coming weeks to months. Is it a good time to buy with the hopes that the Fed will navigate this bear market into the next bull in 2023? (MRO, BG, TLRY, XLB)...
Small Business Optimism Falling and Home Sales Cancellations? It' OK, it's Prime Day!
With small business confidence drifting to record lows and home sales cancellations spiking to COID highs, the market appears to be taking it in stride. As we wrap up a historically bullish 2-week period, we're now looking ahead to another earnings season this week with banks and don't forget Amazon Prime Day, which is sure…
See You at the Bear Market Crossroads as Oil Stumbles and Dollar Pops
This must be what it's like when worlds collide as bulls are feelin' frisky just as the bears are just getting started. Does the value proposition based on trailing earnings trump the negative inertia of a floundering economy and rising real inflation? Tie goes to the bond market. (USO, X, DBD, DG, Z, NFLX, VTI)
Energy Leads as the Market Enters Seasonally Strong 10-Day Period
Over the past 20 years, June 29 has kicked off the best 10 trading day performance period with a median return of 2.15%. That's all fine, but how does seasonality stack up to a bear market? In other news, SEC Chair Gensler labels BTC a commodity and HOOD finds a potential suitor as Don Kaufman predicted…