I’m writing this in the weird netherworld between the cash close and Nvidia’s third-quarter earnings announcement… Surprisingly, equities finished higher today, despite some serious volatility. We’re getting consistent VIX readings above 17 and there were times during today’s session when it was kno
The markets were jolted this morning by the beat of war drums - an “update” to Russian nuclear doctrine said to be in response to Ukraine’s use of American missiles. This is only the latest setback for folks that have blindly chased the post-election rally. They've been feeling the pinch over the pa
My approach to the market is to identify activity, or “pulses,” beneath the surface of the market that point to potential movement. These “pre-move pulses” are a strong indication of the potential success of a trade. Early last week, Tuesday, in fact, my gold charts began to show exactly this kind o
Peanut the squirrel was a sign… When a crypto pegged to a martyred rodent hits a billion dollars in market cap, you know it’s a sign that the froth is getting ridiculous. And that’s what happened. Boom. A broad, brutal selloff. The S P 500 off 1.5%; NASDAQ’s been hit 2.6%. Volatility’s spiking. Whil
We saw the markets take off like a shot in the wake of Trump’s decisive election victory last week. You’d think this reflects widespread optimism about the prospects for the U.S. economy. And you’d be right, more or less. But there’s another side to this, and it’s not making so many headlines right
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
It’s been a long week since we last spoke here; the market’s covered a lot of miles in that time. Stocks and Bitcoin have both exploded to new all-time highs being the big headline. The election and the Fed rate cut are in the rearview mirror, so the market has a greater sense of clarity
The “Bitcoin Industrial Complex” ecosystem of crypto and crypto stocks and ETFs saw a record $38 billion in trading volume today. The iShares Bitcoin Trust ETF (IBIT) alone saw $4.5 billion in inflows - not a bad start to the week. Of course, this comes at an interesting time - the wake of last week
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
