Get Ready: We’re In “the Suck” Before the Storm
It was supposed to be so easy! We were supposed to get dynamite earnings reporting from Nvidia and the markets were supposed to rally like crazy from Wednesday night on… That’s not what we got. We got meh earnings and two days of drifting, low-volume, sludgy slop-fest. No fun. But I think we could get…
It’s All About Nvidia Right Now
The entire market was moving in slow motion in advance of Nvidia’s earnings - after all, we’re talking about more than 6% of the entire S&P 500. It’s the 1,000-lb gorilla of stocks. Over on the NASDAQ, where Nvidia is even more important, there was more than $4.50 worth of expected move baked into QQQ…
Echo's of Volatility Continue to Haunt Markets
The markets are buzzing with energy as traders react to the latest insights from Jackson Hole! The Fed's comments have stirred up fresh waves of volatility, keeping everyone on their toes. Bonds look ready to break out, and the Dollar flirting with the 100 mark adds to the excitement. With negative economic data and the…
Destabilizing Market Factors are Present
Today’s market was relatively quiet, with low trading volume as investors largely stayed on the sidelines. The day’s economic data didn’t spark much movement, with most traders keeping an eye on the upcoming speech from Fed Chair Powell, which could be a game-changer. While the market remained calm, there’s a sense that this could just…
What to Do About the Rip, the Rally, and the Aftermath
The market was deadsville coming into the close - completely boring. In fact, it was like that for most of the day today! Volume, trade, volatility - all were on the low side. If I didn’t know any better, I’d say the market more or less exhausted itself with the fireworks this week. But here’s…
Watch Out - This Is the Next Thing That Could Tank Stocks
I know what you’re thinking, and no, we’re not out of the woods. We’re still under the influence of volatility, so consider any rally a rip-your-face-off rally until proven otherwise. The risk/reward picture still favors downside - heavy downside. Now, I can hear you saying, “But Doooon - what about CPI today?” Well, you’d think…
Volatility Is Here to Stay
Mr. Toad took a wild ride this week… only to end up just about where he started. Massively unchanged. Volatility has collapsed back down toward 20, but don’t think for a second that that means the fun’s over. I’m going to show you some hijinks in the bond market that point to even more turbulence…
How to Stop Worrying and Learn to Love Volatility
Sure, the VIX is down from the other day’s damn near historic high above 65. But it’s still more than double what it was just a month ago. Then again, there’s more than one way to measure volatility. And it’s not like volatility is a bad thing, at least if you’re ready for it -…
Game On! Volatility Strikes Back… and It Strikes Hard
It looks like, after a long, long run of being upside-down, bad news is bad news again… Not-great jobs numbers are pointing to an economic slowdown; crude oil prices are actually pricing one in. Bond prices are in full-on “duck-and-cover” mode.” Second-quarter earnings have been kryptonite for tech stocks. Investors are getting a rude awakening…
The Hallmark of Volatility: A Rip-Your-Face-Off Rally!
Fed Day played out about how we expected - a massive buying bender before the FOMC announcement and JPo press conference… and some selling afterward. (And by “some,” I mean we’re off 40 handles since Powell spoke.) But the price action I’m looking at right now, and which you’ll be seeing in just a second,…