Why Oil Prices Could Spike
Improved Sales Growth An ongoing thesis in the past month has been that the consumer is bumping along the bottom in terms of RedBook same store sales growth. The consumer isn’t taking a tumble to the negatives. But spending growth isn’t going to go back to the mid to high single digits which is normalcy. …
Election Night! A Week Full of Volatility Ahead
Good evening! In tonight's video, Corey highlights the spike in volatility and implied volatility marking today as the "calm before the storm" as this week unfolds. Hedge yourself and be safe! In tonight's video, Corey highlights expected move targets and notes what to watch for Thursday and Friday when more volatile events occur in the…
An Ode to Post-Election Day Volatility
Election Day Trading Opportunities In this morning’s chat with our own Don Kaufman, he outlined a trade to play a potential post-election move in the Financial Select Sector SPDR ETF (NYSEARCA: XLF). As always, he doesn’t talk about it unless he’s willing to trade about it, which he did. In this post, I’m going to…
Monday Reversal: Tech Underperforms Like October
Strong Monday Reversal The stock market reversed course on Monday after having a terrible week. This was an oversold rally. We had a continuation of last Friday in that the tech stocks underperformed and small caps did well. A difference was energy rather than banks had a huge upswing. Investors are betting on a cyclical…
Strong ISM PMI Shocks The Bears
September PCE Inflation Low Again Inflation isn’t a worry in yet another report. September PCE reading showed headline inflation rose from 1.3% to 1.4% which missed estimates for 1.5%. Core PCE inflation was up from 1.4% to 1.5% which missed estimates for 1.7%. While inflation wasn’t an issue in this report, the market is looking…
Fisker, the Oldest New Kid on the EV Block
Fisker Inc (NYSE: FSR) Back in 2012, Tesla and Fisker were two fresh-faced EV car companies bursting onto the scene. However, just like the film Highlander, there could be only one. In the end Tesla went on to EV dominance and Fisker lasted about a year before filing for bankruptcy. The Federal Government lost about…
On the Eve of Volatility
Markets are on the eve of a major volatility event. Here's where risk is being priced in and what you need to watch this week. Get ready for fireworks. Trade small and don't get caught up in the volatility. It's ok to be on the sidelines during this especially if you're new.
Election Risk? Here’s How to Hedge It
Election 2020 Hedging Edition Many investors are nervous about the upcoming election. Do we know who wins on November 3rd or 4th? Heck, will we even know by the end of the month? Also, what will the market’s response be to the election results? There is definitely more questions than answers and even if the…
Major FAANG Tank
Tech Earnings & COVID-19 Fears Tank Markets The stock market fell because of tech earnings and COVID-19 cases spiking on Friday. With all the FAANG stocks cratering except Alphabet, we all wonder if there was some profit taking and some fear of rising rates. Oddly, even though stock investors fear a slowdown because of COVID-19…
Government Helps September Income Growth
September PCE Shows Better Income Growth Monthly personal income growth in September was 0.9% which beat estimates for 0.3%. This was a good reading because the comp was revised higher by 2 ticks to -2.5%. Obviously, the comp was still easy. Yearly personal income growth rose from 5.5% to 6.2%. One problem with this reading…