Buy and Bail Straddles are in Play
A quiet post Super Bowl trading session saw stocks mixed and treasuries rise. The one and half point rise in the 30 year is a significant move; however, the reaction from stocks was muted. In tonight's video let's review one of my favorite weekly options strategies for markets like this...
Deregulation Rally in Financials Fails to Breach New Highs
Stocks rallied on Friday led by the deregulation talk in the financial sector and a better than expected jobs report. The major indexes and market sectors were unable to hit new post election highs on the good news. Volatility remains suppressed across the board despite the sell off in big tech stock names. These are…
Snap IPO Is Coming Soon
Snap’s long awaited S-1 filing is now public. There’s a lot of media buzz about the nuances of the filing which is exactly what Snap wants. Looking at the major social media players, I think Snap will benefit the most from going public. This is because Snapchat’s user base is mainly 18-34 year old people.…
Great BLS Report
As I expected, the market is rallying today on a great labor report. It wasn’t much of a prediction because the market has recently gone up whether good or bad labor data is presented. It also wasn’t much of a surprise considering the great ADP report. It showed 227,000 jobs were created which easily beat…
Inflation Has Been Rising
In this article, I will discuss the global rise of inflation. Normally the level of inflation we’ve see globally wouldn’t be a big deal because it is still relatively low. While I think inflation targeting is a bad policy for central bankers to pursue, I would never go as far as saying if they achieve…
Fed Put On Watch By Congressional Vice Chairman of Financial Services
The chances of a rate hike in March has fallen from 17.7% to 13.3% and the chances of zero rate hikes this year has risen to 6.9%. Besides Trump’s rhetoric, the lack of hawkishness by the Fed is also hurting the dollar. The market participants always convince themselves that this year will finally be the…
AMZN Spooks Afterhours, Jobs on Tap
After a quiet day in the market AMZN missed earnings expectations and lowered guidances. AMZN was sent lower by 1 standard deviation after hours. In tonight's video we take a long term view of AMZN. Is this the start of a reversal or a dip to be bought? Tomorrow's news of the day will be…
Economic Data Looks Amazing In January
On Wednesday two great economic reports were released. The January ISM and ADP reports showed the economy likely had a great month. While it is true that much of the stimulative measures Trump will enact will start to affect the economy in 2018, he didn’t need to do anything other than promise deregulation and tax…
No Rate Hike In March?
Today the Fed had its February meeting. There was almost no expectation for a rate hike today. The Fed met those expectations in a dovish manner. There were hopes that the Fed would boost the expectations for the possibility of a rate hike in March (have a hawkish tone). Heading into the meeting, there was…
The Underpinnings in the Market Begin to Slip, Are you Ready?
Equities looked to snap its recent losing streak this morning and then ended the day flat. This morning saw very strong economic data (ADP private jobs and manufacturing data), coupled with a big earnings beat out of Dow component and tech giant Apple (AAPL) overnight. The Fed ended their 2 day meeting with no interest-rate…