Holiday-style trade, narrow ranges, and low volatility have been this week’s theme in the S&P 500 thus far. What is the slow chug leading up to, with Friday's BIG Jobs Number?It seems like we just got the last jobs number yesterday,...
Another day, another all-time high seems to have been the prevailing theme lately. Sticking with working strategies and themes may seem challenging, but fighting the tape is not the answer.It can feel counterintuitive for traders to go...
As the S&P 500 marches on, the VIX is trading at pre-pandemic levels. Will the fear index remain subdued all Summer, or could a return of volatility be in the cards?Last week seemed to be one of those weeks where the market could do no...
Monday gave us a fast snapback rally in the major US indices, with the S&P 500 adding 1.40% and erasing Friday’s losses. What’s on tap for the remainder of this week?Good morning folks. Today we hear from Fed Chair Jerome Powell again...
Are you as glad to see the pullback in the US equity indices as I am? Yes, rates are going up faster. Inflation has been acknowledged at a higher rate by the Fed. So what?!It was no secret that rates could not remain near-zero forever. It...
Everyone (and I mean everyone) has been talking about inflation. We finally got the CPI print on Thursday: 0.6% vs. 0.4% expected! The S&P 500 didn’t seem to care, though. Record highs! What’s next?Inflation is real, folks. Two monthly...
Market participants are all waiting with bated breath ahead of today’s CPI data release. It’s an important one after last month's shocker. So, what’s your plan?In general, data releases can be fickle and tricky events. While they may...
As many commodities have continued to climb impressively, one stands out like a sore thumb to me: lumber . What can the price of lumber mean, or more importantly, do for you?Before diving into the lumber market, let’s review the...
The June E Mini S&P 500 futures contract traded well early yesterday morning before the cash open. Cash traders, however, had different ideas when the opening bell rang in New York.The June E mini S&P 500 (ESM2021) traded as high...
Thinking back to 2007 - 2008, I remember a time when the economic data just kept coming out rosy, even though I deeply suspected there was an underlying shoe to drop due to real estate and overlending. At the time, it seemed like every...