High Beta Squeezed as Vol Markets Scream Caution
The S&P 500 is on fire, rallying for eight straight days and soaring over 9.5% since the August 5 low. While some might shrug off this rollercoaster of a market as just another day on Wall Street, don’t be fooled—this is anything but business as usual. The VIX, which spiked to a staggering 65, has…
TheoTrade’s Tale of the Tape: Did Bulls Buck the Bears?
Bears felt the heat and were squeezed the entirety of last week, as bulls forced a close near the highs of the week on Friday. Markets also digested soft labor data, as well as retail spending numbers that came in above estimates. So, just like that - is the recession canceled? Not so fast -…
What to Do About the Rip, the Rally, and the Aftermath
The market was deadsville coming into the close - completely boring. In fact, it was like that for most of the day today! Volume, trade, volatility - all were on the low side. If I didn’t know any better, I’d say the market more or less exhausted itself with the fireworks this week. But here’s…
We Finally Parked the Truck on this Gold Stock
If you’ve been following any of my trades in the past few months, I’ve been very loud about the bull trend in gold, and by extension, precious metal stocks. One of my favorite names in the space that I continue to own is AngloGold Ashanti (Ticker: AU). I started buying this stock in late-February, and…
Good News Is Good News Again… But It’s Not Good Enough
Traders got the good (or, at least, not completely terrible) jobs and retail numbers they’ve been craving, as data came in more or less in-line with expectations. So why am I inclined to bet against the consumer or, to put a finer point on it, the consumer’s discretionary spending? After all that’d seem counterintuitive right…
Watch Out - This Is the Next Thing That Could Tank Stocks
I know what you’re thinking, and no, we’re not out of the woods. We’re still under the influence of volatility, so consider any rally a rip-your-face-off rally until proven otherwise. The risk/reward picture still favors downside - heavy downside. Now, I can hear you saying, “But Doooon - what about CPI today?” Well, you’d think…
The Right Sectors Are Leading Now, But…
It might feel like the Japanese yen carry trade blew up 100 years ago, but trust me - it’s only been a week or so since the dam broke. If it feels longer than that, it’s because stocks have managed to squeeze much higher from last week’s yen-induced lows; short-sighted traders have already forgotten. This…
Stagflation Lurks Ahead of This Week’s Data Release
The market is convinced the Fed is satisfied with its inflation effort and is preparing to cut interest rates. We’ll gauge the reality of those expectations this week with a heat check on PPI and CPI data. The “$64,000 Dollar Question” is: How is the market positioned? If today’s action is any indication, it’s positioned…
TheoTrade’s Tale of the Tape: Taking Stock of Stocks Since Last Week
Well, that sure was a dramatic week! But now that we have the final score from last week’s rollercoaster of trading, a proper assessment can be made. One thing’s for sure - there’s been a total shift in sentiment over the past few weeks. We’re no longer in the feel-good, euphoric environment of mid-July. Now,…
Catch Up on This Morning’s Session
Here’s to the End of a Long Week! By Blake Young Congratulations! You just made it through a historic week - the most volatile week since 2022. Even more incredible, we saw the VIX top 65 at one point early on. That easily gives the 2008 Crash and the COVID Crash a run for the…