Monthly Archives: June 2020

Showing articles 21 - 30 (45 total)

16Jun11:53 amEST

Similar Architecture

The Fed's individual corporate bond buying news yesterday coupled with more chatter from President Trump about a massive infrastructure stimulus package seems to be more familiar architecture behind the current squeeze we have seen since yesterday morning's soft open. While it is true that Fed Chair Powell is giving Senate testimony this...

15Jun3:10 pmEST

Inflation vs. Deflation Struggle

A viable argument can be made that the current market is struggling between whether to levitate on the prospects of inflation expectation or, instead, collapse under the weight of another deflationary spiral. History tells us that, at least on the initial ascent, equities can fare reasonably well in an inflationary environment. However, as the...

15Jun10:51 amEST

The Summer of PPE as America Burns

With good fortune, the latest concern about upticks in Coronavirus cases across several states will not lead to equally widespread hospitalizations and deaths.  But even if that optimistic scenario materializes, the mere threat of it is likely enough to see PPE-related firms (with PPE an acronym standing for Personal protective equipment,...

14Jun10:19 amEST

Weekend Overview and Analysis 06/14/20 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets.  Please click here  for more...

13Jun7:31 pmEST

Saturday Night at More-Like-This Cinemas

Instead of a film tonight, we will all have a nice watch and listen to a great music video and for good reason.   Unlike what we are seeing right now on social media (both the actual news and through the bullying mindset by plenty of Twitter Robespierres, to borrow a phrase from Matt Taibbi in his recent must-read piece ), the collaboration...

12Jun11:46 amEST

Ready to Strike

Earlier today I charted a very near-term (5-minute) chart for the small cap stocks in the IWM ETF for Members and also on the main Twitter feed to illustrate the threat of the IWM filling it gap below after a big opening pop. Not long after, the IWM did indeed fill that gap to $135.79.  However, as I write this buyers are doing their usual...

11Jun2:45 pmEST

A GDP Play, Socially-Distant or Not

While I am well aware that consumers are capable of running up charges on their Visa cards even in a socially-distant new world, the reality is that as a new Stimulus Bill remains in limbo and states like New Jersey are about a month away from a full-blown reopening, the notion of Visa's one-way rally since 2011 persisting seems a bit too...

11Jun10:45 amEST

Open for Business; Customers a Different Story

As we saw with this morning's jobless claims it may be a bit presumptuous to declare that unemployment has already peaked for this cycle. Even as businesses reopen across the country, therefore, the issue of whether consumers are in a full-blown spending mood after some initial pent-up demand to celebrate life and summer remains to be seen.  So...

10Jun4:43 pmEST

Stock Market Recap 06/10/20 {Video}

The following video is a brief, condensed version of the Stock Market Recap which I present each evening to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. If you enjoy my videos and blog posts, then please...

10Jun10:51 amEST

Sending The Fed Into Summer

While it is true that there is a scheduled FOMC for late-July, in general the June Fed Meeting (with the announcement at 2pm EST later today) sets the monetary policy tone for markets throughout the summer until Jackson Hole at the end of summer.  As The Fed presumably takes a few victory laps today for the recovery in risk assets, liquidity in...

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