BY ANDREW GIOVINAZZI
February 4, 2025
Yo Pit Crazies,
As I write this, Canada is now coming to the table to talk about the border. Mexico did the same thing and we have a 30 day reprieve for the Big Tariff Bomb. So much for the big bombshell on the Tariff situation.
Now we are back to the stuff that matters, earnings and interest rates. Bond prices were actually up on Monday. What do traders want to see? They want to see steady bond prices. That is usually good for stock prices.
TLT 30 day chart with 1 min candles
The iShares Barclays 20+ year Government Bond ETF (Ticker: TLT) is a great proxy for bonds. As big as the bond market it is, it does not push the stock market to new highs. Bonds can crash stocks but won’t lead a bull market.
Huge Earnings Growth!
Palantir Technologies Inc (Ticker: PLTR) is growing like crazy. Revenues are growing massively and the stock looks like it wants to run past $100. Growing revenue and earnings are what drives stock prices and PLTR is doing it in AI.
More big tech earnings this week should drive us back to all time highs. What happens one day can be forgotten by the next.
Check out our webinar on Tariff Tantrums this morning as we line up the winners and losers.
To Your Trading Success,
AG
Andrew Giovinazzi
30-Year Trading Pro
See what's hot at option pit
CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain
DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain
PFE May17 26 calls closed for a 66% win
OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain
OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain