Bitcoin and CPI data crack the indexes. All three major indexes broke previous major support levels today. Bitcoin has seen weakness for sometime but with the unwinding of the inflation trade and the blow up of a stable coin has caused a minor run on the crypto space. The issue…
Jerome gave his best fed speech after the today’s 50 basis point rate hike. Usually known for being indirect , he was specific, detailed and to the…
Earnings continue to drive the markets and its been a wild season. The most blatant is GOOG missed earnings but FB beat! I doubt anyone saw that coming…
Earnings season continues to drop bombs. Netflix issued earnings last night and they were a disaster. Subscribers were -200,000 versus an estimate of…
Did inflation peak? The CPI month over month estimate, which determines the rate of inflation, came in at .3% versus .5% estimate. This is the slowest…
Today’s sell off from the open was technical based. We broke several key Index levels. Most important was the was the SPY 200 day moving average which…
We have had one of the largest percentage gains of the last 50 years over the past two weeks. Most notably were the pandemic, the financial crisis and…
The Indexes have been on a run since last weeks Quadruple Witching. Now we are beginning to see signs of it tiring. As we talked about in previous…
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