A Market in Ludicrous Mode?
20.5 million with 14.7% unemployment Even the most bullish of the bulls are skeptics--Pros are in large part net neutral--Retail driving the bias The range is everywhere...--All asset classes are in lockdown mode!--Bonds--Gold--Index/Equities--Dollar Potential is explosive...--the volatility box--aka: the hurt locker Bonds might be coming back to life, defining factor--NIRP scare--Fed balance sheet My Primary…
Rally In Cloud Stocks Has Gotten Absurd
Suckers Do Well Bears are calling this a suckers rally. They have to do that because they predicted for years that when the party in stocks ended, there would be a long downturn in markets without a new high for years, or even decades if we followed Japanese markets. Rather than taking years, this bear…
Unemployment Claims Continue To Pile Up, Setting New Records
Jobless Claims Fall Again As expected, in the week of May 2nd, initial jobless claims fell again. This time they were down from 3.846 million to 3.169 million which was above estimates for 3.041 million. Prior week’s report was only revised higher by 7,000. Initial claims are now below their 4 week average as the…
The Jobs Report and the Critical Level in Focus
Tomorrow morning gives us the all-expected monthly Jobs Report which will report catastrophic numbers. But will the market go down? Not necessarily. In tonight's video, Corey highlights the numbers to watch but more importantly the market reaction to it and what to do once we break away from this multi-year magnet we're at currently...
Stocks Living On Cloud 9
Living In The Cloud Stock market had a rough day on Wednesday, but the cloud stocks did well again. This market is in the clouds. If you don’t own a big tech stock or a SAAS stock, your portfolio is likely underperforming. This situation reminds me of 2007 and 2008 when the agriculture and energy…
Worst Labor Market In American History
Q1 Earnings Update As predicted a few weeks ago, Q1 earnings season has been bad, guidance, has been nonexistent, and stocks haven’t sold off. Obviously, a few individual names have declined on weak earnings, but overall, the market has done fine. That’s because the large tech companies are outperforming and the companies hit the worst…
How Long can Tech Hold this Market Together?
Financials were weak all day while the S&P remained flat thanks to strong tech stocks. The Treasury announced new 20 year Bonds and that sent the bond market lower and rates higher. In this environment that's not good for anybody! Here's why tech stocks may not be able to hold this market up for much…
Best Rally In WTI Oil Ever
Another Rally: Georgia Reopens The stock market rallied again on Tuesday. It fell from the peak on the day, but it’s still very close to its bear market high. Specifically, the index was up 0.9%, but it fell 1.02% in the last hour of the session. The index is only down 2.42% from its bear…
28 Million Job Losses Coming In May
Bottom In Same Store Sales Growth? Last week’s Redbook same store sales growth report could be an indicator of the bottom in growth or that the bottom might be reached in a couple weeks. Many are now predicting this week’s report to be the bottom in same store sales growth. We are slowly starting to…
Big Tech, Stocks at New Highs and your Weekly Plan
We have the big Jobs Report coming up this Friday and it could be a big market mover. In tonight's video, Corey updates what key level remains important in the SP500 and how the "monsters of tech" are performing just shy of their 2020 highs. As a special bonus, Corey also scans for the strongest…