Market Breadth: Not All Bad News

Geoff Bysshe | August 23, 2020

Last week’s news was filled with stories about how the FANG stocks and particularly APPL were the main driving forces behind the new highs in the indexes and their ETFs (i.e. SPY and QQQ).

The tone of this type of …


TSLA Takes A Page Out of The Fed’s Inflation Playbook.

Geoff Bysshe | August 16, 2020

Elon Musk has a talent for creating news to inflate the value of Tesla. This week he did it again by following Apple and the Fed’s tactics for inflating asset prices.

In addition, he cleverly used this tactic to abruptly …


Raging Rotation and A Key Reversal

Geoff Bysshe | August 9, 2020

Friday’s price action capped off a string of days that told a story of broadening market strength and expectations of improving economic conditions.

On a daily basis, the story sounds like this…

On Thursday, TLT quickly retreated after breaching its …


Alternate Universes

Keith Schneider | August 2, 2020

Equity markets mostly recovered from an early swoon this week buoyed by stellar performance from digital tech giants while safety plays got ignored. The NASDAQ100 closed +4% for the week and up 25% YTD, but the Dow Industrials closed down …


Silver Entering Ludicrous Mode

Keith Schneider | July 26, 2020

** This week both Mish and Keith reviewed the big picture together. Market Outlook video contributed by Keith.  

Equity markets stalled with all the key US indexes closing down, reversing a strong start for the week. The sell-off was led …


Weekend Visit with the Economic Modern Family

Keith Schneider | July 19, 2020

** This week both Mish and Keith reviewed the big picture together. Market Outlook commentary was done by Mish, with highlights and video contributed by Keith.

With Daily’s recently titled “Granny Retail Hangs Tough” and “Granddad Russell 2000 Takes the …


TSLA Using Top Secret Space X Algo

Keith Schneider | July 12, 2020

US equities once again put in a mixed performance with small caps (IWM) lagging, down -.76% for week, while NASDAQ 100 was up +4.67 % and registered yet another new All-time high on Friday. Breath figures (SPY) show the number …


Markets are Free …... To go up

Keith Schneider | July 5, 2020

The NASDAQ 100 (QQQ) closed the week at new all-time highs, +1.65%, while the Dow Industrials (DIA) was down -.2%. In fact, YTD, the Dow is down -9.36% while the Nasdaq 100 is up 18.62%, certainly a tale of two …


Gold Bugs Buzzing with Joy

Keith Schneider | June 28, 2020

The easing of the lock down has resulted in a huge spike up of infections and a corresponding spike down in stock prices. Equities closed down about -3% on average and are now mostly down over the last month.

Stepping …


Powell Struggling, Not Shrugging

Keith Schneider | June 21, 2020

US Equity Markets closed up on the week, led by the NASDAQ 100 which was up +3.5%. The news of a spike in the spread of the virus, triggered Apple to close stores in several states. That hit the tape …