You Need to Take This Selloff Seriously
Peanut the squirrel was a sign… When a crypto pegged to a martyred rodent hits a billion dollars in market cap, you know it’s a sign that the froth is getting ridiculous. And that’s what happened. Boom. A broad, brutal selloff. The S&P 500 off 1.5%; NASDAQ’s been hit 2.6%. Volatility’s spiking. While these dips…
Here’s What DOGE Means for Interest Rates
Compared to election week, this one’s been rather quiet as markets digest the announcements of the new administration’s cabinet and policy objectives. Even though this market’s cycle is maturing, remember that, as a rule, any consolidation near the highs of a move tends to be bullish. By now, I’m sure you're familiar with my tendency…
How the Trump Bump Could End In a Slump
We saw the markets take off like a shot in the wake of Trump’s decisive election victory last week. You’d think this reflects widespread optimism about the prospects for the U.S. economy. And you’d be right, more or less. But there’s another side to this, and it’s not making so many headlines right now. Trump…
What PNUT Tells Us About This Market
If you’ve never heard of Peanut the Squirrel… that’s okay. And if you’ve never heard of PNUT, the Peanut the Squirrel meme coin… well, lucky for you. Because it was all over the place today, hitting a $1 billion market cap after listing on Binance and getting the nod from Elon Musk. If Elon Musk…
Stocks Are Catching Their Breath… But Mania Looms Out There
It’s been a long week since we last spoke here; the market’s covered a lot of miles in that time. Stocks and Bitcoin have both exploded to new all-time highs being the big headline. The election and the Fed rate cut are in the rearview mirror, so the market has a greater sense of clarity…
Bitcoin Is Having a Redefining Moment
The “Bitcoin Industrial Complex” ecosystem of crypto and crypto stocks and ETFs saw a record $38 billion in trading volume today. The iShares Bitcoin Trust ETF (IBIT) alone saw $4.5 billion in inflows - not a bad start to the week. Of course, this comes at an interesting time - the wake of last week’s…
TheoTrade’s Tale of the Tape: Get Ready for Market Mania
After last week’s presidential election and Fed rate cut, the public is paying attention to the stock market again. I can’t tell you how many phone calls and text messages I received from friends and family asking me whether it’s time to get back into the market. Fortunately, you and I, we never left the…
The Bond Selloff Is the Real Threat to Post-Election Profits
It’s clear the markets are absolutely euphoric that the election is over. Volatility has thrown in the towel; it’s been crushed. If that weren’t enough, stocks got another dose of the good stuff from a rate cut on Thursday. (They’re cutting rates, but the economy is “solid.” Riiiiiiiiight.) Nvidia’s on the Dow… Tesla’s on…
Bitcoin to the Moon, Tesla to Mars
Wow, what a week it’s been! The election is now over, with Donald Trump emerging as the victor. The Federal Reserve also cut interest rates another 25-basis points, continuing the trend of monetary easing. I went into the election 100% long. This was not because I expected one particular outcome or another. I was just…
Here’s What We Really Got from the Fed Today
We got another cut today, and parsing out its statement is unusually easy… because they’re some of the shortest-ever remarks ever released around a rate cut, at least in recent memory. “Recent indicators suggest economic activity has continued to expand at a solid pace… labor market conditions have eased… unemployment has moved up but remains…