Stocks Are Hanging Near Highs, But Bonds Are Flashing Warning Signs
The tape is still mixed. Tech-sector stocks and cryptocurrency look good - I like it - and they could well lead stocks to new all-time highs in the weeks ahead. Utility stocks seem to have snuffed out any strength in bonds, and if rates keep falling, we could see a boost in the two worst-performing…
The Dollar, Bonds, and Bullion: There’s a Renewed Lift in Commodities
This evening, I'm going to show you exactly how you can take advantage of this unfolding opportunity. Let's get started…
These Rotations and Divergences Scream “Volatility Ahead!”
I’m traveling today, back to the island, with a loooong layover in Miami. Fitting after a week like this. IN/OUT just closed out its eighth winner, but the markets closed out a short week-long losing streak that somehow managed to feel even longer. Of course, it caps a month of 4% to 6% gains for…
A Drop in Oil Sets a Fire for This Utilities and Energy Play
Conditions are looking good for the move I have in mind today… Crude futures spiked yesterday, up to $80.62… and then sold off today, pretty much erasing the gains of the previous two sessions. From a technical perspective, and I’ll show you the charts in just a second, this pushes us, bearishly, toward the…
Bond Battering Drags Stocks and Commodities Lower
The past few U.S. Treasury auctions have attracted weak demand, particularly from foreign buyers. That’s dragged bond prices lower and pushed yields higher. This has upset the tenuous balance the market has achieved over the past few weeks, and we’re beginning to see the likelihood of the market’s worst fears being realized: higher for longer!…
Buy in May… And Stay
Stick around the markets long enough and you’ll hear it: “Sell in May and go away.” It’s an old saying, dating from when Wall Street’s white-shoe stockbrokers (once the only game in town) fled Manhattan for a summer in the Hamptons… and volumes hit the floor. I’m sure brokers are still taking vacations, but times…
At This Point, Good Data Could Be Atrocious for Markets
There’s an old (but usually true) cliche for times like we’re in now: “Bad news is good news,” meaning, terrible economic news is great for the markets, because it could lead to looser policy at the Fed. Well, if that’s true… you don’t have to be Warren Buffett to figure out what good data could…
Bonds Break Down and Send Everyone to Cash
Today, the media was watching (and writing) about Nvidia, which yesterday reported dynamite earnings and announced a 10-for-1 split. But I was watching… a steep bond breakdown; a surging dollar; and crashing commodities. There’s a lot to talk about this evening, and I’ll show you my charts in a second. For now, you need to…
The Fed Just Went Nuclear and the Market’s in Denial
While everyone and their mother was waiting for Nvidia’s quarterly earnings, the Fed Open Markets Committee meeting minutes hit the street. Oooh boy… The report wasn’t good at all. Seems plenty of folks at the central bank are feeling really hawkish. Forget about that weak “higher for longer” song ‘n dance we usually get… …because…
Stocks Hit New All-Time Highs… But Utilities Are Telling Us Something
The tape doesn’t lie: The bullish thesis I’ve developed over the past few weeks has been vindicated. Ever since late April, I’ve been pounding the table about it. The way higher is wide open. Although, I’m a bit concerned as we move deeper into summer. What is it that makes me uneasy? Utilities, and the…