Is It the Condition or the Market?
Today during Trade Fest I will talk about volatility, dividends and selling juice. (More on that last one inside.) If this is confusing, join me this morning and I will make it less complicated – and more profitable. Living off of dividends is not a bad way to go … though it is […]
Will Earnings Save the Day
Yo Pit Crazies Option Pit is hosting Trade Fest II on Tuesday and Wednesday of this week – open for all who want to attend … I will be talking about vol, selling juice and the dividend play for the second half of the year. Register here. Now, these days the markets can surprise and […]
The Sword of Damocles Hangs Over the Market
Yo Pit Crazies, It’s rare to see a recession coming. Everything looks good and then it doesn’t. Of course, some people saw the 2008 financial crisis, but those were mostly folks in the know about the mortgage-backed securities market (MBS). Yesterday, banks announced they were setting aside money to increase loan losses and suspending share […]
A Big Earnings Season
Yo Pit Crazies The die is cast and the fix is in. The Fed will raise, as they should, in late July, as much as 1.00 basis point. The big question now is are companies still profitable in this inflationary environment? This administration owns a 9.1% inflation rate, the highest in 40 year. As of […]
The Chinese Are Buying Up Cold, Hard Assets
Yo Pit Crazies. If you caught my piece yesterday, I mentioned commodity stocks are in the can and are already predicting a recession. Cheaper prices means folks with cash can buy them … And China qualifies as folks with cash. With Latin America at fire-sale prices the Chinese are giving it a go. Meanwhile, there […]
Tech is not leading, at least not up
Yo Pit Crazies I did a 5 Stocks NOT to Own webinar last week. You can catch the video here. What concerns me right now is not the stocks I picked, although rumors of Coinbase Inc (Ticker: COIN) not returning cash was not welcome news for the stock on Monday. But if Big Tech is […]
What is the market looking for?
Yo Pit Crazies, We ended the week around 3,900 for the S&P 500. That was where it was 2 weeks ago when stocks ran on the hope of a less aggressive Federal Reserve rate hike. Those hopes were dashed by Fed Chair Powell this week, yet stocks rose back to 3,900. I think the market […]
07.08.22: Big Money Flow Show
When the Levee breaks
Yo, Pit Crazies, Ah, Led Zeppelin… When the levee breaks / I’ll have no place to stay. Oil broke its rally, so the key inflation driver is going into remission The FOMC was very hawkish and committed to the rate hikes The big question is where does the market go? I don’t think market leaders […]
3,800 Is the New 3,700
Yo Pit Crazies, We have been laughing – somewhat ruefully – that 20 is the new 12 for the VIX. This means the old floor is not like the new floor. In fact, 2022 could shape up to have a historically high VIX average. The S&P 500 has tried to break through 3,700 a couple […]