Now stocks like rate hikes
Yo Pit Crazies, We saw another 3% rally in the S&P 500 on Friday. Traders took the comments like a duck takes to water. The Fed will raise only what they need to but the numbers look ok. J-Pow even told the US government to stop spending so much money! Sadly, […]
BMF Show 06.24.2022
Time to go bargain hunting
Yo Pit Crazies, It’s clear from the market action of 2022 that traders are expecting a recession. The Atlanta Fed is already seeing zero growth for Q2 and, coupled with Q1, we have net of two negative quarters of growth. Markets held up on Thursday while gold did not, so the Fed will press on […]
The magic GLD volatility cross
Yo Pit Crazies, Here’s a question you weren’t expecting today … What is a Volatility Cross? Well, it’s anytime the implied volatility of an underlying dives prematurely, setting up a cheap volatility play. Where is that happening? SPDR Gold Trust (Ticker: GLD), of all places. J-Pow settled markets once again, and that is generally good […]
It’s That 70s Show
Yo Pit Crazies, Politicians talking about putting caps on oil prices … Chucking Uranium power plants for coal fired plants … The Italians telling the Russians how much they will pay for natural gas … There are things I like about the 70s – like disco (sue me!), Farrah Fawcett hair styles (and Farrah Fawcett […]
BMF Show 06.21.2022 ASHR BABA JETS
What’s in the SPY Master Dossier?
Yo Pit Crazies, I will be releasing the SPY Master Dossier to members today. It’s a roadmap of how to trade the SPY and the VIX together. If you want to see that classified document, sign up for SPY Master here. In the meantime, there are some broad strokes of the […]
Will my first SPYMaster trade be a code green?
Yo Pit Crazies, If you missed my MARKET SURVIVAL SUMMIT, you can grab the link here. It includes not one, but two, tricks to trade this market. And, oh, what a market it is. Traders have priced the recession in. Just look at Energy and Banks. Energy SPDR Energy Select (Ticker: XLE) – the green […]
BMF Show STWD 06.17.2022
Fat Bottom Markets
The S&P 500 made a new low for the year yesterday. Let me count the reasons why … Recession Inflation War Supply Chain Crisis Rising Rates High Tech Multiples None of these issues are good … and none of them are going away. The good news is that the market knows […]