No matter how you slice it, we’ve had an extraordinarily volatile week; stocks were reeling like so many drunks from data to the Fed to earnings to data. Apple, a juggernaut of the S&P 500, too...
https://theotrade.com/traders-are-delusional-if-they-think-this-bad-jobs-report-is-any-good/
There’s a Lot More the Ancient Romans Can Teach Us About Modern Banking My travels in Italy are still ongoing, and I decided to come out of the countryside and head to the capital for a few day...
https://theotrade.com/meditating-on-ancient-banking-part-ii/
The Federal Reserve and its chairman, its various and sundry governors, presidents, and number-crunchers are (in)famous for… not really saying much when it actually counts. Yesterday, for in...
https://theotrade.com/the-fed-is-telling-us-move-into-non-cyclical-stocks/
The markets rallied strongly after the Fed non-announcement today (an 80-handle move at one point)... only to fall right out of bed in the last 30 minutes or so of trading. We saw a really dramat...
I’m a little concerned with the bullish trend we’ve seen shaping up lately. Lower highs are starting to creep into the equities picture. The trouble in Japan with the yen and the lack of chan...
https://theotrade.com/buy-the-dip-could-become-sell-the-rip/
Tech had a pretty good day. Tesla shares finished the day more than 15% above where they started on news the company will roll out its advanced driver assistance tech in China. Mega-cap stablemat...
https://theotrade.com/teslas-autopilot-breakout-is-only-the-first-event-of-a-busy-news-week/
SPY ripped around 53 bucks to the upside before the close… but I don’t feel great about it. I’d never hate on a good rally, but this ain’t that. That might change next week, but we’l...
https://theotrade.com/i-dont-trust-this-rally-a-bit-you-shouldnt-either/
Over the past few weeks we’ve talked about the upside in shorting bonds - and taken some positions accordingly over in the Live Trading Room. We’ve talked about weakness in homebuilders’ st...
https://theotrade.com/bonds-banks-and-builders-make-strange-bed-fellows/
I’ve been over in Italy the past couple of days, enjoying the geographical and time-difference arbitrage to the United States’ markets. It’s rather peculiar having the market closing at ...
Last week I warned everyone that volatility was going to go on a rampage. And that’s exactly what it did. And here’s the thing: It’s not over, not by a long shot. The rally sputtered and ne...
https://theotrade.com/that-volatility-beast-i-mentioned-its-not-done-with-you/