Nothing can kill this market
BY ANDREW GIOVINAZZI May 19th, 2025 Yo Pit Crazies, Imagine my surprise when Moody’s downgraded the U.S. debt rating, and the SPDR S&P 500 ETF (Ticker: SPY) opened down just 1%. 14 years ago, when I started with Mark and Option Pit, a move like that would have triggered a 5% drop — and often […]
Moody’s Downgrades the USA
BY ANDREW GIOVINAZZI March 18, 2025 If some of my Option Volatility Jargon is vexing, our Glossary is here. AG’s alter-ego Vol Man here with my weekly analysis. As usual, I will start with my last forecast… Last Week’s Big call Last Week ending May 16: Big earnings are done and guidance is […]
Realized Volatility did something crazy this week
BY ANDREW GIOVINAZZI May 11th, 2025 If some of my Option Volatility Jargon is vexing, our Glossary is here. AG’s alter-ego Vol Man here with my weekly analysis. As usual, I will start with my last forecast… Last Week’s Big call Last Week ending May 09: The U.S. continues to grapple with its debt challenges, […]
When The Donald says buy stocks, buy stocks!
BY ANDREW GIOVINAZZI May 8th, 2025 Yo Pit Crazies, The SPDR S&P 500 Trust ETF (Ticker: SPY) is showing a rebound today following news that the U.S. and U.K. have announced a framework for a potential trade agreement. Since former President Trump is known for liking to make deals, markets may be anticipating developments related […]
This is what will happen after the Fed speaks
BY ANDREW GIOVINAZZI May 7th, 2025 Yo Pit Crazies, We’re once again witnessing a clash of wills between Fed Chairman Powell and President Trump. Powell remains firm on not cutting rates, while Trump refuses to ease up on tariffs with China—a standoff that’s bad news for the stock market. As for Congress, they are AWOL […]
The stock market is officially spooked again
BY ANDREW GIOVINAZZI May 6th, 2025 Yo Pit Crazies, I am going live today at 10AMET for our State of the Market session to discuss the perfect trade to deal with the upcoming rate announcement. You can add it to your calendar here. In the meantime, readers are eager to understand how stocks are performing […]
All eyes are on the Fed this week
BY ANDREW GIOVINAZZI May 5th, 2025 Yo Pit Crazies, As we prepare for the Big Reveal on Wednesday, traders are turning to the FOMC to help divine the future of interest rates. Anyone who reads my column on a daily basis knows I think Congress is veering into a dereliction of duty when it comes […]
VIX crashes into Zone 3
BY ANDREW GIOVINAZZI May 3rd, 2025 If some of my Option Volatility Jargon is vexing, our Glossary is here. AG’s alter-ego Vol Man here with my weekly analysis. As usual, I will start with my last forecast… Last Week’s Big call Last Week ending May 02: Last week, I noticed some similarities to the Euro […]
How does the market rally without Apple?
BY ANDREW GIOVINAZZI May 2nd, 2025 Yo Pit Crazies, The VIX failed to hold its ground into Friday’s close as Apple Inc. (Ticker: AAPL) disappointed with its massive share buyback announcement. Despite the $100 billion repurchase, the stock closed below $205, ending the day down 4%. Investors saw the move as a signal that Apple […]
How did META and MSFT change the market sentiment?
BY ANDREW GIOVINAZZI May 1st, 2025 Yo Pit Crazies, I’ll admit, I picked up some shares of Meta Inc. (Ticker: META) earlier this week. I mentioned it in my rooms, but didn’t highlight it much in my Market Action post here. The main reason is that Zuckerberg is a true chameleon—he adapts quickly and […]