Stocks and bonds explode higher together on Friday's disappointing jobs report. In this weekend's crucial market update we look at how inefficiencies in the market are causing the markets to explode higher. Watch this video as I share the opportunities and pitfalls to watch out for in the upcoming week...
Stocks and bonds explode higher together on Friday's disappointing jobs report. In this weekend's crucial market update we look at how inefficiencies in the market are causing the markets to explode higher. Watch this video as I share the opportunities and pitfalls to watch out for in the upcoming week...
4 Comments
Al
June 3, 2017Excellent explanation, Don. I have been scratching my head on these exact points you raise: How can the market be ramping (dramatically so) when the financials (XLF) are acting TERRIBLE. How can the market be ramping when energy is acting TERRIBLE? And if the market is on fire, how can bonds be ramping?
It also has to have something to with the weakness in the USD.
Nobody can say when this will end, but it's not uncommon for the final blowoff moves to be among the most dramatic.
Doug
June 4, 2017everything equalized at spy at 244.21, vix will rise next week. end next week at 242 to 241.
could stay level, but I doubt it will rise anymore. maybe 242.50. iwm 137.
Harlan
June 4, 2017Consumer staples too have been on a tear. Traditionally a defensive theme.
Al
June 4, 2017Hmmm. I wouldn't call the staples as being on a "tear". Yes, PG, CLX a couple points green. Not dramatic against the background of everything else being relentlessly bullish. CL nice green, there's one. CPB, nein. IMO the greasy results from retailers have damped things called "consumer". Now PM, that is a tear, but one always has to consider PM as a fat dividend play. And yet MO appears to be ready to roll over. In fact, I like the idea of buying distant ITM puts on MO (or PM) buying the common under those puts to capture the 6/13 div, trading out of the common.