Traders flipped the script for the big indices, and we saw a nice bid take shape under stocks coming out of the weekend. The past two weeks have been a kind of slow-motion Groundhog Day for stocks - selling on Monday, rallying Tuesday to Thursday, and selling on Friday. We’ll see if we can break
The mainstream media is having a freakout about the tariffs. We usually hear volumes about the potentially inflationary impact of the policy. Breathless, panicked headlines abound. One of my biggest takeaways here at the outset of the Trump administration is that the playbook has changed. The debt-b
Another week with a wild start… and a weak finish, down about 1% for the day. This market is trading in an extremely tight range and has been for a looong time now. It’s a market desperate for a catalyst just isn’t finding any - not in data, not in news, not in Tweets. In
The S P 500 is in a funny place right now. On the chart I’ll show you in a second, it appears the market’s ready to make a breakout… or drop… by about 5%. I won’t claim to have a crystal ball; it could go either way. That means we need to find a setup that’ll
After getting knocked down this morning stocks began to creep up slightly in the hour or so before the close, but don’t read too much into that. This market is desperate for two things - a catalyst and some clarity. Trouble is, there’s not much of either right now. The market just can’t get a
Another week… another gap down to start. This time, however, the bulls reasserted control of the tape much more quickly than before, and now we see stocks pressing back and onward to new highs. I said last week that I expected software to emerge as a leader in the wider tech sector, and I
What's in a name? I asked our TheoChat trading room members whether we're in a bull or a bear market. A clear supermajority replied that they felt we were in a bull market. When I asked how they defined it, the typical answer was, "higher highs and higher lows." But the answer just prompted more
You know how it goes - markets get shaky but one or more trillion-dollar mega-caps drag ‘em kicking and screaming higher. We heard that story who-knows-how-many times in 2024. Usually NVDA was the workhorse; sometimes it was TSLA or AAPL. But this is 2025. This is the market’s “new day.” And right n
Gross domestic product is the single broadest, cleanest measure of the health and growth of the economy. The number we got today missed the forecast and came in significantly worse than the previous quarter, to boot. How big was the miss? Big - 3.1% during the previous quarter down to 2.3% today. Bu
