Is the Housing Market on Shaky Ground?
In today's video we look at the recent housing reports. We discuss the slowdown in building permits, new housing starts and existing home sales. Additionally, we look at the S&P Case Shiller Home Price Index as a signal of consumer wealth and spending habits. We compare the negative moves in home prices to the negative…
The BullS-Hit the Bid
The bulls hit the bid and send markets over the edge of the weekly expected move. The risk is clearly to the upside as over the next 2 days market can explode higher. So far earnings season has been lackluster. Tesla stock is flat and Netflix is down slightly. Basically unchanged. Here's what you need…
Major Earnings and New Highs Breaking Out: Your Guide to it All
AI stocks continue lighting up the market with surprise news from Microsoft (MSFT) almost single-handedly saving the tech sector (XLK) and the NASDAQ. Otherwise, it may not be as bullish in other areas of the market beyond the key tech stocks that drive the tech sector higher. In tonight's video, we cover the financial stocks…
Financials Pop as S&P Tests Highs and Earnings Ramp
Last Friday kicked off earnings season as JP Morgan Chase & Co (NYSE: JPM) and other money center banks received mixed results. With Bank of America Corp (NYSE: BAC), US Bancorp (NYSE: USB) and others on tap this week, we get a full complement to digest. Today, it was financials and tech leading as the S&P 500…
Market Distortions of Epic Proportions
--Extreme moves- everywhere ! --SPX Expected Moves --Bonds --Dollar --Mega market cap --Financials --Energy --the Consumer ? --GIS, WBA, CAG / WMT, COST, XRT SPX Expected Move-- --last week-- 59.00 (expected move 5 day week) --next week-- 56.05 (expected move 5 day week)
PPI Signals End of Hikes?
In today's video we discuss the low Producer Price Index number indicating sliding inflation. We discuss lower inflation as a signal of fewer rate hikes and possibly a rate cut by the end of 2023. We also look at rising oil prices as a catalyst of a return to rising inflation in July and August.
Blow-off Before the Breakdown?
Markets exploded higher off this mornings CPI print which displayed cooling inflationary pressures. Don explores the SP500 breach of expected move and its implications for the remainder of the week as well as if the NASDAQ's Magnificent 7 will continue to fuel this rally.
Your CPI 'Plan for Surprises' and Market Update
Will CPI Consumer Price Index - a key measure of where inflation is trending - surprise us tomorrow? In tonight's video, we pinpoint the "higher than expected" along with the "lower than expected" plan and how that could affect the market trading Wednesday and beyond, along with the odds of the next Federal Reserve interest…
Nasdaq Unch'd as Special Rebalance Forces Monsters of Tech Lower
Everyone knows that there is an outsized impact from the likes of Apple Inc (Nasdaq: AAPL), Microsoft Corp (Nasdaq: MSFT), and others. This short list of 7 companies carries about a 55% weighting on the Nasdaq 100 Index. Well, no more. The special rebalance is scheduled for July 24, 2023. Let's visit the impact of…
When Good Markets Go Bad!
-SP500 took a mild hit, NASDAQ did not -Markets are stagnating until Tech says otherwise -Jobs, ADP & the FED -Where does the 10 year rate break markets? -Volatility, skew, and negative gamma -Position update SPX Expected Move-- -last week - 53.67 (expected move 3 1/2 day week) -next week - 59.00 (expected move 5…