Unusual Option Activity Report Bullish unusual option activity in the energy sector was flourishing on Thursday. Bullish option activity appeared in the Energy Select Sector SPDR® Fund (NYSEARCA: XLE) many other stocks in the sector. This space is very oversold and might be signaling a strong bounce
Rally Redo Wednesday was a redo of Tuesday’s rally except without the crash at the end of the day. A big difference was that this time tech stocks outperformed. They made up for their underperformance on the day before. This entire crash was based on President Trump tweets. It’s starting to not matt
September Fed Minutes Fed’s Minutes from the September meeting were released on Wednesday. These Minutes stated, “Many participants noted that their economic outlook assumed additional fiscal support and that if future fiscal support was significantly smaller or arrived significantly later than they
Tuesday Rollercoaster The stock market exhibited high volatility on Tuesday afternoon. Let’s set the scene. Stock market was rallying nicely, with strong outperformance by the reopening stocks and banks. There was a burgeoning reflation trade as the TLT (long bond ETF) was falling. TLT almost closed
Update On The Consumer Redbook same store sales growth fell from 2.2% to 2.1% in the week of October 3rd. That’s better than the trough of this year and the decline in September, but it’s not an area we want growth to settle at. We want growth to stay in the mid single digits which
Massive Monday Rally Stocks absolutely exploded on Monday as President Trump was released from the hospital and tweeted in favor of a stimulus. Uncertainty over his health is over as many knew it would be. Odds of a stimulus passing in October probably increased. We won’t know if President Trump get
Slightly Disappointing Wage Growth Within September’s employment report, hourly wages were up 0.1% from last month which missed estimates for 0.2% growth. Plus, August’s reading as revised down a tick. The exact same was true for yearly growth as hourly wages were up 4.7% instead of 4.8% and August’
Another Factor Day The stock market has had many factor days this year. A factor day to me is when there is a large dispersion among returns in different factors. You know the drill. Large cap growth stocks have been inversely correlated at times with small cap value. You can see the daily performan
Very Strong September Jobs Report September jobs report was very strong. It actually beat expectations for private sector growth. Some economists are missing that the big decline in job creation came from the government which is temporary. They just show the headline change in jobs and then add in h
Small Caps Cheer On The Stimulus Russell 2000 was up 1.56% on the premise that a stimulus is coming. Small caps will sell off hard if nothing passes. In the past, when the market rises in anticipation of a catalyst, when that catalyst happens, stocks won’t rally further. That’s rational, but it’s no
