Economy Slips in Q1—But the Real Story Lies Elsewhere
BY ANDREW GIOVINAZZI April 30th, 2025 Yo Pit Crazies, GDP declined by 0.3%, largely due to businesses across the U.S. stocking up on pre-tariff bargains from China and other countries we import goods from. If there was ever any doubt about the scale of U.S. imports, this data makes it clear. Meanwhile, the Fed’s […]
Are traders still hanging their hats on rate cuts?
BY ANDREW GIOVINAZZI April 29th, 2025 Yo Pit Crazies, Apple Inc. (Ticker: AAPL) and Amazon.com (Ticker: AMZN) are set to report earnings at the end of the week. If you think the tariff issues are behind us, think again. AMZN took a sharp hit when tariff costs were going to be added to goods. Despite […]
Traders bought the dip today – here’s why
BY ANDREW GIOVINAZZI April 28th, 2025 Yo Pit Crazies, The most frustrating part of this sell-off has been the surprises. While some folks said they “called it”, I wasn’t one of them. I usually keep some SPY puts or VIX calls in my strategies just in case. But unfortunately I sold them off far […]
Stocks held the rally, here is why
BY ANDREW GIOVINAZZI April 26th, 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 Apr 25: I am starting to see parallels […]
VIX is close to leaving the Danger Zone so what does this mean for stocks?
BY ANDREW GIOVINAZZI April 25th, 2025 Yo Pit Crazies, I joke about the Danger Zone with my co-hosts on the Vol Views show on the OI Radio Network. Of course the joke is Mark Longo has to pay royalties to Kenny Loggins for use of the Danger Zone or his podcast gets kicked for copyright. […]
It is earnings season, so time to pay attention to the most important short term indicator!!
BY ANDREW GIOVINAZZI April 24th, 2025 Yo Pit Crazies, Is the Trade War getting worse? Do businesses know how to adjust to President Trump? Are corporate earnings good or bad? Are interest rates going lower? The answer to all of the above is “I don’t know”. I would like to […]
Traders want to know when the Tariff Tantrums are over, and so do you!
BY ANDREW GIOVINAZZI April 23, 2025 Yo Pit Crazies, So imagine my surprise when stocks jumped 2% on my first day back from vacation. The Standard and Poor’s 500 Trust ETF (Ticker: SPY) ripped as President Trump walked back the 125% tariffs or whatever number he came up with last week. Earnings just became […]
Earnings so far are not terrible, so what is up with markets?
BY ANDREW GIOVINAZZI April 22nd, 2025 Yo Pit Crazies, There is nothing like a week off to reset the mind and get the Spring Fever going again. It has been at least a whole year since I took a week off but I felt like it was a good time to over the Easter […]
VIX closes at a 2 week low
BY ANDREW GIOVINAZZI April 14th, 2025 Yo Pit Crazies, Remember that big tariff snafu that has been going on for about 9 days? Take a look below. On the 3-month VIX chart, the first arrow marks the point before the Tariff Tantrum began, and the second arrow shows where things stood at Monday’s close. […]
The Death Cross tickles, Bonds Near Collapse
BY ANDREW GIOVINAZZI April 11th, 2025 Yo Pit Crazies, Today was one of those days where the overnight trade foreshadowed a severe trading crisis in the morning but it did not come to pass. The S&P 500 Trust ETF (Ticker: SPY) managed just a 10-point gain, or about 2%—a relatively modest move considering the […]