What PNUT Tells Us About This Market
If you’ve never heard of Peanut the Squirrel… that’s okay. And if you’ve never heard of PNUT, the Peanut the Squirrel meme coin… well, lucky for you. Because it was all over the place today, hitting a $1 billion market cap after listing on Binance and getting the nod from Elon Musk. If Elon Musk…
The Bond Selloff Is the Real Threat to Post-Election Profits
It’s clear the markets are absolutely euphoric that the election is over. Volatility has thrown in the towel; it’s been crushed. If that weren’t enough, stocks got another dose of the good stuff from a rate cut on Thursday. (They’re cutting rates, but the economy is “solid.” Riiiiiiiiight.) Nvidia’s on the Dow… Tesla’s on…
Forget Fear - the Markets Are In Full-On “Greed Mode”
If you’ve been watching the markets for a while, you’ll know they’ve been anticipating the outcome of the election for a few weeks now. Price action “knew” how it was going to play out. Not that we didn’t get some volatility - we did, it just played out overnight and resolved quickly. And when that…
Don’t Log Off for the Weekend Until You've Watched Tonight's Video
We've come to the end of a long, wild week in the markets… …and we're heading into what promises to be an even wilder week. The election is just part of it. This is what you need to know before Monday…
The Market Is Facing Some Big Risks Right Now
Earnings… employment… inflation… election. These are the risks looming out there - any of them, or all of them could upend the up-trend and ruin your day if you’re not prepared. But it’s not where the ball is, it’s where it’s going that’s going to matter here. The S&P 500 is down a little for…
Good Trading Is About to Get Better
The S&P 500 and Dow are closing out the week with losses, despite a few up days here and there. The NASDAQ on the other hand is up… oooh… a whopping 0.35% in the past five days. As I’d say on any given morning, “massively unchanged!” Most of that NASDAQ gain is because Tesla kicked…
The Market’s Breaking Its “Silence” in a Big Way
The S&P 500 has been… pretty boring lately, bouncing around in an extraordinarily tight range. But everything around stocks has been making huge moves. Gold, dollars, bonds - all seeing tremendous action to the up- and downside. But now we’re starting to see volatility creep back up - it always creeps before it punches you…
Election Risks Are Fading - Here’s What That Means
The VIX, which had been mostly stuck above 20, is falling fast - 18 and heading south. Inflation looks like it might be ready for a comeback, but that seems like the furthest thing from traders’ minds. They’re fixated on the election in a little more than two weeks, and they see risk fading there.…
Nvidia Rips, Meta Slips… And Everything Else Is Stuck
The tech sector… doesn’t quite know what to do with itself today. Nvidia rocked more than 3% to the upside after yesterday’s semiconductor slaughter. But Meta, which is about to find itself on the pointy end of a likely large lawsuit, was on track to close down nearly 2% to the day. And it’s like…
Fear Has the Markets Locked in a Tight Range
“Let’s make a move…” “OK, you go first…” “No, you go first!” “No, you!” No one wants to be first. If I didn’t know any better, I’d say no trader out there wants to be the first one to… do something. Anything. The players here are scared #%&less. The market has spent the better part…