We expected the worst, and we’ve gotten it. But that does not mean that things will get better. The revenue trends had been strong. Now they’re awful, and spending is unimaginable. How can this be sustained? In this report, I’ll show you the data, and discuss how to handle what’s to come.
Why did $SPX hit a wall yesterday at 2850 and then reversed today? Because technicals. As discussed last week we had been working with bullish patterns on $SPX and $RUT. This weekend […]
The economic shutdown is an artificial dislocation, a non-economic factor that is interrupting regular activity and business for non-economic reasons. But is it overlaid on a pre-existing downturn making the pandemic effects worse?
In February of 2020, the S&P 500 made a new all-time high of nearly 3,400 points. Then the selloff began that would see an intraday low below 2,200 points. That is a 35 percent loss. But the market has since rebounded recovering to 2,846 points as I write this. This represents an almost 30 percent […]
Futures are breaking support. Here’s where they’re headed today. Trade it as you see it.
Fed QE $4.000B TIPSPurchase 2020-04-15 NYFed treasury securities operations
Fed QE $16.000B CouponPurchase 2020-04-15 NYFed treasury securities operations
Fed QE $7.000B Coupon Purchase 2020-04-15 NYFed treasury securities operations
Fed $4.000B CouponPurchase 2020-04-15 NYFed treasury securities operations
Concerns about the economy have overtaken concerns about the virus. That’s the conclusion reached by a series of polls conducted at fivethirtyeight.com. According to their surveys, Americans remain very concerned about the pandemic to start with. Thirty-eight percent say that, up from about 18% back at the beginning of March.In terms of the economy, 57% […]