A category 4-equivalent typhoon is barreling toward some of Taiwan’s most important semiconductor factories… Ground war is spreading in the Middle East… Some of the biggest, busiest ports in the United States are frozen by strikes… The cherry on top: Fed Chairman Jerome Powell sounded ever-so-slight
Anyone hoping to see a little more volatility finally got it today… but not necessarily in the shiny bearish package they were counting on. Indeed, the S P 500 finished the day - and the third quarter - with an all-time high close. This comes barely two months after the market made its early August
I hope everyone had fun snoozing through this week’s slop-tastic sessions. Hope everyone got their beauty sleep… …because it’s about to get wild in this market. If you know where to look (and I’ll show you) you can see the signs of imminent volatility. On Wednesday, I showed you how sector rotation
“Inflation’s under control, it’s normal. Not a problem.” The Fed told us this through most of 2021 when inflation was in fact ballooning… but this time they really mean it. And to put a point on it, they slashed interest rates by 50 basis points. And yet… nearly all assets other than crude oil
If you didn’t know any better, looking at the market this afternoon, you’d think “Hm. Quiet. No volume.” And you’d be right… but this market is going to wake up. How do I know? You can tell a lot by following the flow of cash out of one sector and into another. Go figure. Right
Stocks enjoyed a decent day as tech and semiconductors led the crowd to the upside. Gold hit new all-time highs and silver surged, which is just more confirmation that we’re on the right track to be bullish here. Interestingly, crypto benefited from a strong bid, too. Both metal and crypto miners co
The S P 500 is like a plane in a holding pattern, trading mildly higher. Nothing to write home about… nothing to get excited about… right? Well, traders are digesting the 50-basis-point rate cut we got last week - and weighing the 50/50 proposition that the Fed may cut another 50 basis points at the
Triple-witching - the September event is coming hot on the heels of our 50bp rate cut. Trillions in notional value in derivatives expired today. If you were expecting fireworks… sorry, you didn’t really get them. Normally a triple-witching afternoon sees a massive jolt of volatility, but we didn’t s
“Buy on the canons…” Pop-history tells us Baron Rothschild said that during the Napoleonic Wars… but there’s a good chance he didn’t. Whoever really said it wasn’t exactly wrong. Times of conflict, like we’re seeing in the Middle East and in Ukraine and Russia, put upward pressure on defense contrac
