All News Is Good News!
So Amazon.com Inc (Ticker: AMZN) reported a loss for the 2nd quarter in a row. But, hey, they made it up on revenue, and the retailing giant sounded upbeat. If you are asking me, all you have to do is sound optimistic these days. Two quarters on negative GDP growth not a recession! Runaway inflation […]
Ford Delivers the Goods
Yo Pit Crazies, Once again, the Fed walked the line of sounding tough on inflation but flexible enough to change. I don’t know how the central bank taking $30 to $60 billion out of the economy every month via quantitative tightening is bullish, yet here we are. The S&P 500 was up over 3% at […]
Google Earnings Hold Things Up
Yo Pit Crazies, Alphabet Inc. (Ticker: GOOGL) reported earnings Tuesday night and they were decent enough not to create a total market collapse. Hey, that’s something! The tech giant reported revenue gains even with a bit less profit than expected. Still not bad considering how bad the sentiment was after Snap Inc. (Ticker: SNAP) crushed […]
BMF Show NCLS TWTR INTC LUMN 07.26.2022
https://vimeo.com/733670048
Walmart is sending warning signs
Yo Pit Crazies, Walmart Inc. (Ticker: WMT) laid a bit of an egg and said its Q2 profits are down I don’t think this bodes well for other retailers if the recession-proof retailer is not, well, recession proof. Even AT&T Corp (Ticker: T) is getting stung by slower bill payments. Big Tech earnings are this […]
Stocks need some good news
Yo Pit Crazies, Keep an eye out for a Capitol Gains extravaganza later this week. As Uncle Sam gets ready for the second half of the Biden Administration, there will be winners and losers … Our job is to find which is which. The S&P 500 (Ticker: SPX) hit 4000 on Friday … only to […]
BMF Show AAL NCR 07.22.2022
Is It VIX Strangle Time?
Yo Pit Crazies, First things first – make sure you are signed up for today’s Fed Focus live session. Head Income Trader & Fed Expert Bill Griffo is going live at 1 p.m. ET to deliver critical information ahead of next week’s Fed meeting. If you have money in the market right now … you […]
Could We See … Lower Vol?!
Yo Pit Crazies, If you missed Tradefest 2, we had a lot of trades with some option learning’ thrown in to boot. Check it out here. The Cboe Volatility Index (Ticker: VIX) closed below 24 for the first time since June 8th. There were no bells and no whistles, and no dancing girls … Nothing […]
The Trade Fest 2 got off to a good start and so did stocks
The market took kindly to the news that Russia is poised to reopen the Nord Stream 1 pipeline. We all know the EU needs the gas and Vlad needs the money, but realpolitik around nat gas complicates things My partner in trade, DC insider Frank Gregory, thinks that, if it holds, this could be a […]