Housing Market Stays Strong Some investors didn't have any concerns about the potential for the housing market to slip backwards following this slowdown that started in mid-June. If you did have worries, the latest MBA applications data should calm your nerves. There really wasn’t a reason to be ner
Moderna Set To Power Wednesday Rally There are a few vaccines being worked on. 4 are set to start being produced later this summer with the goal of having them be given out to people early next year. Vaccines are being produced before they undergo all human trials so we don’t need to wait for
Economic Surprise Indexes Are Still High Citi Economic Surprise index for America is at a record high as the chart on the top left shows. Some have been calling for it to drop for a couple weeks now. At first, we thought it would drop because expectations would match the improvement. We need 2-4 wee
3 Explanations For Monday’s Drop Monday looked to be a positive day for stocks before the market reversed in the afternoon. It was like a mini flash crash except it was easy to foresee because the tech sector and Tesla stock had been so overbought. In fact, heading into the day, Tesla’s 14 day RSI
Optimistic About COVID-19 Investors are becoming more optimistic about the COVID-19 situation. Data on COVID-19 growth in some of the worst hit states has begun to get worse at a slower rate. Furthermore, we have experience on how to stop the spread and treat people better. If we already know how to
Tesla Spikes 11% Tesla stock rose 10.8% on Friday which means it’s now up 65.5% since June 12th. Investors follow Tesla so closely because it is representative of the bubble in growth stocks, particularly in electric vehicle firms. There would be no other way for such a large company to rally so muc
Record New COVID-19 Cases Unfortunately, even though it seemed like the number of new COVID-19 cases per day was starting to show slower growth, that gave off false hope as the number of new cases lurched to a new record by far on Friday, increasing to 71,787 from 61,067. The likelihood of a complet
Small Cap Value Is Destroyed On Thursday, the stock market broke. There was nothing wrong with trading, but the relative performance of the small cap value stocks versus the major tech stocks hit extreme levels. It’s unnerving. There is little doubt this is a tech bubble. A problem with bubbles is t
COVID-19 Stays A Problem COVID-19 seems to still be a major issue for the south and the west. There was some hope that the July 4th holiday caused the spike in cases deaths earlier in the week. However, bad results have remained even through Thursday. Good news is the 7 day average of growth in
Nasdaq Beyond Extreme- Time To Get Out The stock market had another modest rally on Wednesday; the Nasdaq outperforming was notable because of how extreme it is. It was up 1.44% as the cloud and electric vehicle stocks exploded along with the FAAMNG internet names. CLOU cloud ETF was up 2.74% which
