Tech Stocks Weaken while Safe Stocks Strengthen
It was a good day for NASDAQ traders expecting a pullback as key stocks Netflix (NFLX), Facebook (FB), Microsoft (MSFT), and others sold-off from the highs, as logically expected. But not everything was bearish - in fact, many more stocks gained today including our 'boring safety' stocks highlighted last week. Join Corey for tonight's video…
Cloud Stocks Crash - This Is Just The Beginning
Big Sector/Factor Rotation This stock market never seems to go down. Either growth or value stocks do well. No matter what outperforms on the day, the S&P 500 always ends higher. On Friday, there was a major sector rotation out of large cap growth stocks and into small cap value names. Even so, the S&P…
Much Stronger Jobs Report Than Expected
Strong Jobs Report July jobs report marginally beat expectations. Estimates were lowered at the last minute to 1.675 million which made them easier to surpass. Even still, 1.763 million jobs created is much better than expected. Many thought there would be about 0 jobs created. This report was down from last month’s 4.791 million. Even…
Return of the Bidless NASDAQ Beast
SPX - spot on the Weekly Expected Move Russell is a rockin' in the rotation game Bond Volatility is DEAD - it's gamma time! Could bonds sell off? Reflation trade back in style? FB - Skew inverts as retail comes pouring in VIX & VVIX --- buy volatility on volatility, if only volatility is low…
This Market Has Gone Insane
Historic Insanity CNN fear and greed index rose 4 points on Thursday to 74 which is just below extreme greed. S&P 500 is 9% above its 200 day moving average. It was 11.5% above it before the pandemic. It seems like we were approaching euphoria this year before the pandemic and now the trend has…
Jobless Claims Fall: Great Sign For The August Economy
Solid Jobless Claims Report The jobless claims report was actually really good this week. It was even better than last week which means the trend is improving. This report was from the week of August 1st. That means the economy improved without the coming fiscal stimulus. It tells us COVID-19 was the main reason the…
Tech Stocks Surge in the "Anything Goes" Market
Stocks surged as the summer slop-fest resulted in many stocks declining today but the main stocks that matter - the monsters of tech - strongly picking up the slack and extending the uptrend in equities higher. In tonight's video, Corey highlights these developments, charts FB, AAPL, /NQ, and /ES for you, and then refocuses your…
Near Record Euphoria In Nasdaq 100
Extreme Market Gets More Extreme The stock market and precious metals are on a rampage. S&P 500 is up 4 days in a row, the Nasdaq is up 6 days in a row, and gold has been up 12 of the past 13 days. Gold has never gone on such a run, so you can…
Private Sector Job Creation Disappoints
Housing Dips Slightly Investors are obsessed with the latest data because the economy is changing faster than ever. This is especially important with housing data because official data is so delayed. We just got data on June and we’re now in August. July data won’t come out for a few weeks. It makes MBA weekly…
Summer Slopfest or Calm before the Volatility Storm?
The S&P is just a stone throw away from the upper expected move for the week so that is an area we expect to be hit tomorrow. With bonds rallying are investors throwing caution to the wind too soon? Find out in tonight's video newsletter...