The Fed Just Went Nuclear and the Market’s in Denial
While everyone and their mother was waiting for Nvidia’s quarterly earnings, the Fed Open Markets Committee meeting minutes hit the street. Oooh boy… The report wasn’t good at all. Seems plenty of folks at the central bank are feeling really hawkish. Forget about that weak “higher for longer” song ‘n dance we usually get… …because…
Stocks Hit New All-Time Highs… But Utilities Are Telling Us Something
The tape doesn’t lie: The bullish thesis I’ve developed over the past few weeks has been vindicated. Ever since late April, I’ve been pounding the table about it. The way higher is wide open. Although, I’m a bit concerned as we move deeper into summer. What is it that makes me uneasy? Utilities, and the…
Market Drifts Ahead of NVDA Earnings as Anti-Dollar Plays Rise
The S&P 500 finished barely in the green and was led by the technology sector ahead of a pivotal earnings announcement from $NVDA on Wednesday after the close. With an $82 expected move for this week, expect some significant volatility! Aside from NVDA lifting the market today, it was gold, silver and Bitcoin miners seeing…
What Comes Next Could Define Markets for Years
--nothing but CPI --NVDA a defining moment for the AI trade --gold and silver --bond markets --cocktail for volatility --do not be a vol starved animal SPX Expected Move -- --last week -- 67.29 (5--day expected move) --next week-- (5--day expected move)
An Industrial Revolution and a Run on Banks: Two Sectors in Play Right Now
All three major indexes closed at all-time highs… but the way I see it, today’s breakout is a little questionable. I’ll show you why in a second. But the fact is, the S&P 500 is moving higher; some sectors are getting weaker, others are getting stronger. The next session or two will really tell the…
Please Tell Me You Didn’t Fall for Meme-Stock Craze II
It happened again. Meme stocks like Gamsetop (GME) and AMC Entertainment (AMC) had a round trip again, leaving countless retail investors in the dust. The apparent culprit behind the boom-bust in these names was an anonymous poster named “Roaring Kitty.” Whether or not this individual was responsible for the rip (and subsequent rug- pull) in…
Markets Rip Higher, But Inflation Is Far from Dead
The SPX was up around $58 just before the close today. The market loved the CPI numbers (I don’t see what there is to love about them; they came in as expected but 3.4% is still high) and took us right to the upper edge of the expected move. Now, if you remember, last week…
Don’t Be Distracted by Meme-Stock Mania… Again
Everything old is new again. GameStop (GME) and AMC Theaters (AMC) the two quintessential tickers from the 2021 meme-stock craze - are soaring again on the “strength” of… Internet buzz. Nevermind the fact that neither of these stocks are anywhere near their 2021 highs - this is a distraction, pure and simple. Know what isn’t…
A Virtually Stressless P&G Trade
Professor Bierman here, alerting you to a virtually stressless P&G trade, created by unrelenting Wall Street algos! P&G’s volumes are down, and they’re not gaining traction and market share. Inflation is squeezing folk to death! Shelling out a premium price for toothpaste is rough sledding. My strong suspicion is this: algos noticed that P&G escaped a…
How to Find the Next GameStop (GME) “Squeeze” Play
The S&P 500 faded today ahead of a looming raft of inflation data we’ll see over the next few days. In my view, given the recent strength of the market, traders seem to have bought the rumor… and are now poised to sell the news. The result, for the moment, is a flat market. That…