Markets, Please Exit to Safety In an Orderly Fashion
The “feel” of the market is strange right now. It feels like someone saw a fire and pulled the alarm… but investors are essentially treating it like a fire drill. We’re not seeing panic, chaos, mass capital destruction - just a big selloff of the marquee names like Nvidia on the NASDAQ. Stocks like NVDA,…
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,…
Tech Is Weighing Down the Markets in a Flight to Safety
It’s tough to call them the Magnificent Seven anymore, at least with a straight face, but these stocks - once the leaders among leaders - are all down today. It’s one of the starkest reminders yet that tech is becoming a hurdle for the indexes to clear, rather than a springboard for launch. The selloff…
For Markets, This Is the Start of the Biggest Week of the Summer
It’s really tough to overstate how important the next four sessions are going to be. The Fed will begin to lay out its plan for rate cuts. Some of the biggest companies on the planet are announcing earnings. And there’s a little employment announcement coming Friday. So, saying there’s “significant” potential for volatility is putting…
The Volatility Beast Is Waking Up
On Wednesday, I told everyone who knows what’s good for ‘em to get their helmets on, because it’s about to get very choppy. Well, I hope your choice of protective headgear is comfy and stylish because my prescription hasn’t changed. In fact, if you’ve got two helmets, put ‘em both on. The VIX and all…
Investors Are Betting Against Inflation and For Recovery
Note: My friend and colleague Gianni Di Poce will be on TheoTrade Live tomorrow morning to talk about how to use AI for a shot at doubling the markets. AI looms large right now… We were treated to an unexpectedly strong second-quarter GDP print today - 2.8% on an annualized basis. That’s almost double last…
Helmets On - Volatility Is Here!
Wow! Yesterday was an absolute snoozefest and today… we just closed out the worst day for stocks since 2022. You awake yet? Good. It had been creeping in around the edges lately, but volatility hit the markets like the Kool-Aid today. We saw the VIX skyrocket more than 22% today to top 18 - it…
Stocks Are Chopping Near Highs… And Looking for a Leader
The recent massive selloff in tech should prove what I’ve been saying for weeks now: The one-time leadership sector is slowing down. Nature abhors a vacuum and the stock market’s not all that different. The hunt for a new leading sector is on, and like some other groups I could mention, there are suddenly new…
Atlas Shrugged… And the Market Rallied
The U.S. political landscape underwent a second earthquake in as many weeks as President Biden announced (by Tweet, no less) that he was ending his embattled candidacy for the Democratic nomination for the presidency. His campaign for the nomination, which was all but totally sewn-up, ended in a bit of a whimper as he shrugged…
Bear Tones Echo Through Markets - Here’s What to Do
Stocks might have caught a break today if it weren’t for a disastrous CrowdStrike snafu that took down systems almost across the world. For the moment, though, the selling is still fairly concentrated in CRWD and a few other names out there. The bears are still making choppy, cyclical moves. The advance/decline line, which looked…