Great Grief on a Good Friday
So I’m greenside on No. 1 at Augusta National Golf Club. My friend, who’s been going to The Masters every year since he was eight, leans in and whispers to me… “You see those people over there?” And he points…
So I’m greenside on No. 1 at Augusta National Golf Club. My friend, who’s been going to The Masters every year since he was eight, leans in and whispers to me… “You see those people over there?” And he points…
“Dead cat bounce” is based on the idea that if it falls from a great enough height even a dead cat will bounce. Charming stuff. So, when was the last time you tossed a dead cat off a 50-story building?…
Compared to everything else in the S&P 500 Index, Netflix (NFLX) has never been worth more than it is today. Pretty remarkable in this environment. In fact my friend Josh Brown was on CNBC on Tuesday talking about how “resilient”…
The New Zealand Dollar is hitting new highs. The kiwi, like a lot of commodity-related currencies, is crushing the U.S. Dollar. This is a big deal. If you’re a U.S.-based investor, it’s huge. It’s a classic example of a macro…
I went to the Masters on Saturday. It was one of the most incredible experiences of my life. I play some golf, but I wouldn’t necessarily call myself “a golfer.” As a lifelong sports fan, I thought I understood how…
I love the smell of fresh weekly Japanese candlesticks in the morning. Especially this one, right now… The Dow Jones Industrial Average: Here’s what I’m watching specifically. The low this week was the exact high from the prior cycle. Do…
There’s great value in sometimes taking a step back to observe. It’s like the great philosopher Yogi Berra said: “You can observe a lot by just watching.” If you know anything about baseball, you know it’s a bad idea to…
At 12:57 pm ET on Wednesday, Goldman Sachs called a “recession.” By 2:10 pm, the “recession” was over. Wall Street does not want you to know about things like “polarity.” They want you to panic when you read headlines about…
The next time you hear someone talking about how “20% down is a bear market,” you know they’re either lying to you or they’re ignorant about how markets actually work. It’s not about 20% corrections. That’s just a number made…
Everybody is losing their minds. If you’re new to the stock market, I get it. I’m sure you’ve felt the big down days lately. We haven’t seen the big up days yet. They’re coming. They always do. But you don’t…
Bitcoin (BTC) is working in this market. But I’m not buying right now. My charts show it’s still in no man’s land. It’s holding up well. And this quiet price action while the stock market is crashing is encouraging. But…
That’s back-to-back days of 4.8% and 6.0% down-moves for the S&P 500 Index. Jason, my director of research, did the math. It looks messy in this form: So let me break it down for you: When fear is at these…