Rally Brings Record Highs The stock market is on fire as the euphoria knows no bounds. This time, stocks are mostly being led by cyclical small value stocks, but growth names have done ok too. Some investors are growing increasingly bearish on the market as there is no reason the big tech stocks sho
Vaccine Predicted To Stop COVID-19 We are all waiting to see if the economy rolls over or if it continues on its path towards improvement, albeit at a slower pace than earlier in the recovery. Most of the current data shows the economy still on solid footing in November, but things could go awry as
Option Rolling 101 After nearly 18 years that in the investment education industry, option rolling is one “trick of the trade” that few investors use. If rolling is discussed, it’s typically from a standpoint of weakness. That means that they’re looking to “fix” a losing trade and rolling by signifi
Small Decline On Thursday The stock market was experiencing euphoria on Wednesday. This pandemic that is ravaging the country has been ignored. That wouldn’t necessarily say the 1% decline in the S P 500 on Thursday signaled the market is now taking it seriously. It’s easy for the headlines to claim
October CPI Mildly Disappoints CPI report had a lot of bang for its buck on Thursday. Yields were already headed lower because the long bond was oversold and because COVID-19 shutdowns are increasing. Adding a disappointing CPI piled onto the trade. October CPI showed less inflation which is the opp
Less Than 1% From Record High The stock market is in an extremely euphoric state that doesn’t match the COVID-19 crisis which is set to be very deadly in December. There is high resistance at the current S P 500 level combined with headlines of incoming shutdowns. Most don’t think there will be a 20
Job Postings Keep Improving In the week of November 6th, job postings were down 13% year over year as you can see from the chart below. Recovery hasn’t stopped despite COVID-19 hospitalizations passing the summer high. Interestingly, we’re starting to see news outlets call this the 2nd wave. If deat
SPY Unusual Option Activity Report The market has had a good week and tested the upper end of this weeks expected move. The big move came following Pfizer’s vaccine news on Monday. Since that time, the price has stagnated and may look to retrace. Entering next week. As the price flounders near extre
Pfizer Inc (NYSE: PFE) Insider Report Pfizer made huge waves on Monday on the announcement that their vaccine was 90% effective among volunteers with no prior COVID infections. In the Northern Hemisphere where COVID cases have jumped significantly, that is a huge announcement. You would think that b
Trend Continues Tuesday was a continuation of Monday for the stock market as the stocks that benefit from a reopening of the economy rallied and the secular growth stocks fell. It is being called the ‘great rotation’. Some traders think it is overhyped. However, they are missing the situation at han
