RIVN: Macro Analysis [Pit Report]
Welcome to the (new) Pit Report! Each week, I’ll give an overview of a stock and Licia Leslie will follow that up with a chart analysis the next day. Andrew Giovinazzi will then finish out the week with a volatility breakdown. Have a stock YOU want us to review? Email my team here. – Mark […]
Option Positioning Heading Into the Fed [Power Income]
Hey There Income Hunter, Today is critical for the markets. The Fed, led by Jerome Powell, is poised to moderate rate increases once again. His job will be to put further hikes on the table — while arguing against bets the central bank will cut rates later this year. The markets are […]
The Fed Will NOT Be Happy About This
Hey There Income Hunter, Now that the Fed is nearing the end of its tightening cycle, the stock/bond correlation is back to its historical norm. This is a hugely important signpost for getting an edge trading stocks. You see, market participants had become accustomed to thinking good news is bad and bad news is good […]
The Bear Squeeze Is Over
Bears are nearly extinct after the past few trading days. According to the Goldman Sachs trading desk, selling a NASDAQ (Ticker: NDX) 7-month NDX 90% put to buy a NDX 7-month 100%/120% call spread is the most expensive ever! Now, I think this has a lot to do with the banks knowing about […]
Change in CPI Is Very Bullish for Risk Assets
Hey There Income Hunter, The Fed and US government are up to their old tricks of changing rules and calculations to ensure they are able to meet policy goals. Here is the posted change directly from the US Bureau of Labor Statistics website … The impact of recent CPI calculation changes […]
Housing Starting to Resemble 2008
Hey There Income Hunter, Uh-oh. Forward-looking data on the housing market is starting to come in as bad as the data from the 2008 housing crisis. There is no way the market is priced for this and, based on what Jay Powell has been telling us, there is no way he will […]
How to Win Big into Monthly OpEx
The rally year-to-date has certainly excited the meme stock crowd … Coming into yesterday you had some massive moves that reached highs of: AMC – +69% BBBY – +360% PTON – +58% CVNA – +101% COIN – +82% RIOT – +102% The playbook is simple … accumulate calls in heavily shorted stocks above the market […]
Time to Buy the Dollar/Euro
Get ready for a stampede of Fed speakers this week to warm up the crowd for Jay Powell’s speech at the Fed FOMC policy meeting on Feb. 1. The nearly 7% SPX rally to start the year is not what the Fed wanted or needed in its quest to crush inflation. The Fed is intensely […]
Goldman: Losses Soaring!
Hey There Income Hunter, On Friday Bloomberg reported that a new business Goldman Sachs recently created to house its consumer lending business is getting crushed. Labeled their Platform Solutions business, which includes Goldman’s Apple Card, the platform absorbed more than $1.2 billion in losses in the first nine months of 2022. This […]
Debt Limit Crisis May be Worst Ever
Hey There Income Hunter, A debt ceiling crisis is on the horizon, and the 2023 edition may end up taking the title of all-time works The chart below illustrates in the red circles the 1996, 2011, 2013, 2015 and 2021 episodes, with 2011 currently being the worst ever. Notice that in 2011 the VIX spiked […]