Just Another 3% Day
Yo Pit Crazies Jerome Powell seems to be happy with the pace of rate hikes. That was enough to erase the malaise of the last two weeks as traders looked for any sign that interest rate raises might slow down. Wednesday was another corker of a move on a day where the Fed Chairman opineed […]
BMF Riff MRO KGC 11.30.2022
https://vimeo.com/776676833/b41863ae47
Will This Fed Cycle Ever End?
Yo Pit Crazies, The Federal Reserve cut back on QE in October 2021 and the market peaked right around there. Cause-and-effect is a big deal when the Fed gets involved in stocks. I can remember there were only a couple of 2% up-days in my first two decades of trading … then the Fed went […]
BMF Show AGNC 11.29.2022
https://vimeo.com/776274707/bcf37ae10c
Traders Got Nervous. What Next?
Yo Pit Crazies, For the first time in a week, stocks dropped and the VIX rallied some. The one-two punch of the China protests and jaunty Jerome Powell got folks a little nervous. The sudden plunge in the oil price probably did not help either. I could add, too, slow store sales and the price […]
The Most Exciting Month Of The Year
December is shaping up to be the most exciting end to an exciting year. I thought 2020 and 2021 were exciting. Then 2022 said, “Hold my beer.” Once again, there is the ideal setup going into this month, and I will tell you what it is inside. The VIX is again near year lows going […]
Down Goes Messi: Anything Can Happen
Yo, Pit Crazies, Some thoughts on Wednesday before Thanksgiving … Yesterday was your average low-volume rally in the S&P 500. Oils rallied, commodities rallied and even tech rallied. Junk stocks are still junk. Saudi Arabia celebrated President Biden’s gift of immunity to Crown Prince Mohammed bin Salman by beating Argentina […]
Mark Bundle Special 11.22.2022
https://vimeo.com/773882739/392d8029fa
How to Find the Edge
Yo, Pit Crazies, How to find the edge is an endless pursuit. We all have a different way to look for it and define it, but I like sticking with the stuff that has worked through thick and thin. Stuff I learned when I first walked into trading pits 30 years ago. Thirty frickin’ years […]
20 Is The New 12 For VIX
Yo, Pit Crazies, So the election results are in and Congress is divided. Stocks rallied a little bit, but not a whole lot. That is the market saying one guy is not a lot better than the other. I am sure traders will be happy to be proven wrong. So what did the new House […]