Finally, A Small Decline The stock market finally sold off on Friday, but it was only a modest decline. The S P 500 fell 35 basis points. It was a very weird day for individual stocks because of quadruple witching and indexing. Index funds needed to make changes to their weighting as well as add and
Weak Data From Chase In this article we will include a few tracking updates on how the economy looks in real time as we end the year. There has been differing data on the consumer. We’ve seen some data points suggest consumer confidence is high and that they expect to spend a lot more in
Cisco Unusual Option Activity Report I brought up Cisco Systems, Inc (NASDAQ: CSCO) during my daily session on the TheoTrade llive chat today. One of the replies from someone watching was that the company isn’t relevant anymore. Believe me, I understand the desire to look beyond the old stodgy compa
Stocks Can’t Possibly Go Down We never thought we would see stocks spike on news of vaccine shipments being marred in confusion, but here we are. Stocks only go up everyday no matter what the valuations are. For example, Shopify rose 2% on Thursday, putting its year to date return at 189%. This is n
Negative Job Creation Is Coming This current slowdown is nowhere near as bad as the one in March and April, but it is worth watching because the situation is unstable. The goal is to avoid too much weakness before the vaccines go out. We will start to see a recovery in February. That leaves us
I had never heard of BarkBox before today’s announcement that they were doing a SPAC merger with Northern Star Acquisitions Corp (STIC.U). Upon learning of the merger, I went to the company’s website and saw Snoopy and Charlie Brown prominently displayed as part of a limited-edition box. Apparently,
Bullish Backdrop We have the vaccine starting to go out, a $900 billion stimulus, and the Fed saying it won’t hike rates through 2023. It feels like the stock market can’t fall with such a great backdrop. Pesky tech valuations are no match for momentum and the onslaught of buying from millennial ret
Stimulus Is Almost Here The stimulus is almost here. The latest details are the $900 billion stimulus will include checks between $600 and $700. It will also include $300 in weekly unemployment insurance for 16 weeks. This new bill is a revision of the $748 billion bill that excluded the politically
There has been a tremendous amount of interest surrounding the electric vehicle (EV) space and prices of these stocks have gotten a bit crazy. Many of these stocks have had single day turnovers of their float, which is a major indication of a top. While the frenzy has been palpable, where is the opp
Silver Unusual Option Activity Report This morning I posted on the significant option activity surrounding gold and silver. In that post, I gave a little history lesson that gold doesn’t always perform well during times when the Fed is expanding policy. The example I gave was from 2012 to 2014. Toda
