A couple of days ago I wrote how the stock market was showing signs of euphoria and due for a correction. The options market has revealed just how frenetic the speculation had become and offers some indicators to keep an eye on. Today...
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Feds intent to keep interest rates at 0%-0.25% through 2020 while maintaining its bond-buying program Today, most U.S. stocks traded lower with the S&P and Dow closing in the red while the Nasdaq was able to hold on to modest gains. Fed Chair...
Read MoreI’ve been willing to accept the stock market rebound but it appears to be approaching a dangerous speculative state which is due for a correction. We’ve made the case that the huge rebound is stocks can be justified by various factors from the...
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Market to retest $260 SPY level remains low Our models are projecting the SPY to trade between $270-$310 level in the next 2-3 weeks and the likelihood for the market to retest $260 SPY level remains low. U.S stocks extended last week’s...
Read MoreMillennials have been blamed for killing industries ranging from napkins to beer but they might be what has saved the stock market. Whether this proves to be savvy remains to be seen. A couple of weeks ago I warned how Barstool Sports founder...
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RoboStreet – June 4, 2020 Dollar Down – Emerging Markets Up The rally has broadened out to include domestic mid-caps, small-caps, and now the emerging market sectors. Weakness in the dollar is pushing investor interest into liquid...
Read MoreMarkets posted their best two-month performance in 30 years In what has become one of the most perplexing rallies the major stock indices have now posted their best two-month performance in 30 years. The gains have now cemented recovery from one...
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