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”
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 al
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 doub
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
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 su
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
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 adv
Look at a 24-hour chart of the S P 500 ETF, SPY, and you’ll see clear gaps in the price action overnight. I’ll show you what I mean in a second, but bear with me. Those happen precisely because of overnight activity; it’s not magic. If the market was open 24 hours a day… the gap
That eerie, everywhere-at-once sucking noise you hear when you go outside? That’s the sound of hundreds of billions of dollars in market cap leaving tech stocks. The selling we’ve seen today has been incredibly concentrated in the tech sector… and therein lies the risk. On a point-for-point basis, a
